DEPARO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEPARO
Largest movements
- Cash +€149,937
up €149,937 (+102.2%), from €146,649 to €296,586
mainly Net result for the year (+€117,585) and Receivables within one year (+€57,837)
- Receivables within one year -€57,837
down €57,837 (-61.7%), from €93,725 to €35,888
of which Other amounts receivable: -€47,883
- Deferred charges and accrued income +€40,543
up €40,543 (+481.2%), from €8,425 to €48,968
- Reserves +€62,585
up €62,585 (+19.3%), from €323,985 to €386,570
- Other debts +€47,790
up €47,790 (+292.7%), from €16,328 to €64,117
- Tax, wage and social debts +€18,813
up €18,813 (+33.1%), from €56,915 to €75,727
of which Taxes: +€12,176
- Gross operating margin +€332,298
up €332,298 (+35.2%), from €943,580 to €1.3m
- Staff costs +€188,270
up €188,270 (+21.8%), from €864,799 to €1.1m
- Taxes +€24,044
up €24,044 (+240.5%), from €9,999 to €34,044
- Write-downs +€17,980
new in 2025: €17,980
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,760 | €640,160 | +€128,400 | +25.1% |
| Fixed assets | 21/28 | €235,139 | €230,793 | -€4,346 | -1.8% |
| Tangible fixed assets | 22/27 | €229,268 | €230,494 | +€1,226 | +0.5% |
| Land and buildings | 22 | €119,935 | €103,401 | -€16,533 | -13.8% |
| Plant, machinery and equipment | 23 | €34,719 | €35,129 | +€410 | +1.2% |
| Furniture and vehicles | 24 | €13,837 | €8,736 | -€5,102 | -36.9% |
| Other tangible fixed assets | 26 | €60,778 | €53,278 | -€7,499 | -12.3% |
| Assets under construction and advance payments | 27 | - | €29,950 | +€29,950 | |
| Financial fixed assets | 28 | €5,871 | €299 | -€5,573 | -94.9% |
| Current assets | 29/58 | €276,620 | €409,367 | +€132,746 | +48.0% |
| Stocks and contracts in progress | 3 | €27,822 | €27,925 | +€103 | +0.4% |
| Stocks | 30/36 | €27,822 | €27,925 | +€103 | +0.4% |
| Amounts receivable within one year | 40/41 | €93,725 | €35,888 | -€57,837 | -61.7% |
| Trade receivables | 40 | €38,902 | €28,948 | -€9,954 | -25.6% |
| Other amounts receivable | 41 | €54,823 | €6,940 | -€47,883 | -87.3% |
| Cash at bank and in hand | 54/58 | €146,649 | €296,586 | +€149,937 | +102.2% |
| Deferred charges and accrued income | 490/1 | €8,425 | €48,968 | +€40,543 | +481.2% |
| Total equity and liabilities | 10/49 | €511,760 | €640,160 | +€128,400 | +25.1% |
| Equity | 10/15 | €342,726 | €405,311 | +€62,585 | +18.3% |
| Contributions | 10/11 | €18,741 | €18,741 | = | 0.0% |
| Reserves | 13 | €323,985 | €386,570 | +€62,585 | +19.3% |
| Distributable reserves | 133 | €323,985 | €386,570 | +€62,585 | +19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,034 | €234,849 | +€65,815 | +38.9% |
| Amounts payable within one year | 42/48 | €169,034 | €234,849 | +€65,815 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,963 | €1,963 | = | 0.0% |
| Other loans | 439 | €1,963 | €1,963 | = | 0.0% |
| Trade debts | 44 | €93,829 | €93,042 | -€787 | -0.8% |
| Suppliers | 440/4 | €93,829 | €93,042 | -€787 | -0.8% |
| Taxes, remuneration and social security | 45 | €56,915 | €75,727 | +€18,813 | +33.1% |
| Taxes | 450/3 | €20,182 | €32,358 | +€12,176 | +60.3% |
| Remuneration and social security | 454/9 | €36,733 | €43,369 | +€6,636 | +18.1% |
| Other amounts payable | 47/48 | €16,328 | €64,117 | +€47,790 | +292.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,310 | €29,681 | +€20,371 | +218.8% |
| Remuneration, social security and pensions | 62 | €864,799 | €1,053,069 | +€188,270 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,782 | €37,228 | -€4,554 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,980 | +€17,980 | |
| Other operating charges | 640/8 | €9,289 | €9,982 | +€693 | +7.5% |
| Gross operating margin | 9900 | €943,580 | €1,275,878 | +€332,298 | +35.2% |
| Operating profit (loss) | 9901 | €27,710 | €157,619 | +€129,908 | +468.8% |
| Financial income | 75/76B | €132 | €82 | -€50 | -37.7% |
| Recurring financial income | 75 | €132 | €82 | -€50 | -37.7% |
| Financial charges | 65/66B | €4,868 | €6,072 | +€1,205 | +24.7% |
| Recurring financial charges | 65 | €4,868 | €2,585 | -€2,283 | -46.9% |
| Non-recurring financial charges | 66B | - | €3,488 | +€3,488 | |
| Profit (loss) for the period before taxes | 9903 | €22,975 | €151,629 | +€128,654 | +560.0% |
| Income taxes | 67/77 | €9,999 | €34,044 | +€24,044 | +240.5% |
| Profit (loss) for the period | 9904 | €12,975 | €117,585 | +€104,610 | +806.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,975 | €117,585 | +€104,610 | +806.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.