DEPASSE DANIEL: what changed
Two financial 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.
DEPASSE DANIEL
Largest movements
- Cash +€109,057
up €109,057 (+10.5%), from €1.0m to €1.1m
mainly Depreciation (+€135,911) and Net result for the year (+€93,837)
- Tangible fixed assets -€47,270
down €47,270 (-16.1%), from €294,233 to €246,963
of which Furniture and vehicles: -€46,469
- Reserves +€93,000
up €93,000 (+7.6%), from €1.2m to €1.3m
of which Distributable reserves: +€70,000
- Trade debts -€45,243
down €45,243 (-10.1%), from €449,970 to €404,727
- Gross operating margin +€19,550
up €19,550 (+3.9%), from €506,675 to €526,225
- Staff costs +€18,193
up €18,193 (+8.8%), from €206,800 to €224,993
- Taxes -€12,857
down €12,857 (-31.0%), from €41,496 to €28,639
- Financial charges +€10,003
up €10,003 (+67.5%), from €14,823 to €24,827
- Depreciation +€6,609
up €6,609 (+5.1%), from €129,302 to €135,911
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.
Derived cash bridge
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 | €2,449,601 | €2,501,343 | +€51,743 | +2.1% |
| Fixed assets | 21/28 | €298,518 | €250,542 | -€47,976 | -16.1% |
| Tangible fixed assets | 22/27 | €294,233 | €246,963 | -€47,270 | -16.1% |
| Land and buildings | 22 | €24,120 | €22,038 | -€2,082 | -8.6% |
| Plant, machinery and equipment | 23 | €11,488 | €12,769 | +€1,281 | +11.2% |
| Furniture and vehicles | 24 | €258,625 | €212,156 | -€46,469 | -18.0% |
| Financial fixed assets | 28 | €4,285 | €3,579 | -€706 | -16.5% |
| Current assets | 29/58 | €2,151,082 | €2,250,801 | +€99,719 | +4.6% |
| Stocks and contracts in progress | 3 | €7,752 | €1,449 | -€6,304 | -81.3% |
| Stocks | 30/36 | €7,752 | €1,449 | -€6,304 | -81.3% |
| Amounts receivable within one year | 40/41 | €898,674 | €894,577 | -€4,097 | -0.5% |
| Trade receivables | 40 | €889,074 | €874,577 | -€14,497 | -1.6% |
| Other amounts receivable | 41 | €9,600 | €20,000 | +€10,400 | +108% |
| Current investments | 50/53 | €194,738 | €194,447 | -€291 | -0.1% |
| Cash at bank and in hand | 54/58 | €1,040,477 | €1,149,534 | +€109,057 | +10.5% |
| Deferred charges and accrued income | 490/1 | €9,441 | €10,794 | +€1,353 | +14.3% |
| Total equity and liabilities | 10/49 | €2,449,601 | €2,501,343 | +€51,743 | +2.1% |
| Equity | 10/15 | €1,669,430 | €1,763,268 | +€93,837 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,229,316 | €1,322,316 | +€93,000 | +7.6% |
| Tax-exempt reserves | 132 | €447,456 | €470,456 | +€23,000 | +5.1% |
| Distributable reserves | 133 | €781,860 | €851,860 | +€70,000 | +9.0% |
| Profit (loss) carried forward | 14 | €421,514 | €422,352 | +€837 | +0.2% |
| Amounts payable | 17/49 | €780,170 | €738,076 | -€42,095 | -5.4% |
| Amounts payable within one year | 42/48 | €764,110 | €721,125 | -€42,985 | -5.6% |
| Trade debts | 44 | €449,970 | €404,727 | -€45,243 | -10.1% |
| Suppliers | 440/4 | €449,970 | €404,727 | -€45,243 | -10.1% |
| Taxes, remuneration and social security | 45 | €47,807 | €56,444 | +€8,637 | +18.1% |
| Taxes | 450/3 | €24,162 | €26,659 | +€2,496 | +10.3% |
| Remuneration and social security | 454/9 | €23,645 | €29,785 | +€6,140 | +26.0% |
| Other amounts payable | 47/48 | €266,333 | €259,954 | -€6,379 | -2.4% |
| Accrued charges and deferred income | 492/3 | €16,061 | €16,951 | +€890 | +5.5% |
| Remuneration, social security and pensions | 62 | €206,800 | €224,993 | +€18,193 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,302 | €135,911 | +€6,609 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €2,150 | +€2,150 | |
| Other operating charges | 640/8 | €29,829 | €29,785 | -€44 | -0.1% |
| Gross operating margin | 9900 | €506,675 | €526,225 | +€19,550 | +3.9% |
| Operating profit (loss) | 9901 | €140,745 | €133,387 | -€7,358 | -5.2% |
| Financial income | 75/76B | €11,617 | €13,916 | +€2,299 | +19.8% |
| Recurring financial income | 75 | €11,617 | €13,916 | +€2,299 | +19.8% |
| Financial charges | 65/66B | €14,823 | €24,827 | +€10,003 | +67.5% |
| Recurring financial charges | 65 | €14,823 | €24,827 | +€10,003 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €137,538 | €122,476 | -€15,063 | -11.0% |
| Income taxes | 67/77 | €41,496 | €28,639 | -€12,857 | -31.0% |
| Profit (loss) for the period | 9904 | €96,043 | €93,837 | -€2,205 | -2.3% |
| Transfer to tax-exempt reserves | 689 | - | €23,000 | +€23,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,043 | €70,837 | -€25,205 | -26.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.