DEPAUL: 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.
DEPAUL
Largest movements
- Receivables within one year +€44,255
up €44,255 (+14355.3%), from €308 to €44,563
of which Other amounts receivable: +€44,563
- Tangible fixed assets -€31,845
down €31,845 (-9.3%), from €343,843 to €311,998
of which Land and buildings: -€18,397
- Cash -€6,241
down €6,241 (-13.9%), from €44,966 to €38,725
mainly Receivables within one year (-€44,255) and Contributions, distributions and other (-€30,000)
- Other debts +€26,915
up €26,915 (+360.6%), from €7,464 to €34,379
- Debts after one year -€26,154
down €26,154 (-14.1%), from €185,797 to €159,643
- Accrued charges and deferred income -€11,568
down €11,568 (-100.0%), from €11,568 to €0
- Current portion of long-term debt +€8,709
up €8,709 (+34.2%), from €25,446 to €34,154
- Trade debts +€5,187
up €5,187 (+450.9%), from €1,151 to €6,338
- Gross operating margin -€9,174
down €9,174 (-10.1%), from €90,809 to €81,635
- Financial charges -€5,537
down €5,537 (-56.4%), from €9,826 to €4,288
- Taxes -€985
down €985 (-11.4%), from €8,626 to €7,641
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 | €393,693 | €397,063 | +€3,370 | +0.9% |
| Fixed assets | 21/28 | €343,843 | €311,998 | -€31,845 | -9.3% |
| Tangible fixed assets | 22/27 | €343,843 | €311,998 | -€31,845 | -9.3% |
| Land and buildings | 22 | €193,114 | €174,717 | -€18,397 | -9.5% |
| Plant, machinery and equipment | 23 | €2,122 | €1,459 | -€663 | -31.2% |
| Furniture and vehicles | 24 | €62 | €0 | -€62 | -100.0% |
| Other tangible fixed assets | 26 | €148,545 | €135,822 | -€12,723 | -8.6% |
| Current assets | 29/58 | €49,850 | €85,065 | +€35,215 | +70.6% |
| Amounts receivable within one year | 40/41 | €308 | €44,563 | +€44,255 | +14355.3% |
| Trade receivables | 40 | €308 | €0 | -€308 | -100.0% |
| Other amounts receivable | 41 | - | €44,563 | +€44,563 | |
| Cash at bank and in hand | 54/58 | €44,966 | €38,725 | -€6,241 | -13.9% |
| Deferred charges and accrued income | 490/1 | €4,576 | €1,777 | -€2,798 | -61.2% |
| Total equity and liabilities | 10/49 | €393,693 | €397,063 | +€3,370 | +0.9% |
| Equity | 10/15 | €153,749 | €154,032 | +€282 | +0.2% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,849 | €4,132 | +€282 | +7.3% |
| Amounts payable | 17/49 | €239,944 | €243,032 | +€3,088 | +1.3% |
| Amounts payable after more than one year | 17 | €185,797 | €159,643 | -€26,154 | -14.1% |
| Financial debts | 170/4 | €185,797 | €159,643 | -€26,154 | -14.1% |
| Amounts payable within one year | 42/48 | €42,578 | €83,389 | +€40,811 | +95.8% |
| Current portion of amounts payable after more than one year | 42 | €25,446 | €34,154 | +€8,709 | +34.2% |
| Trade debts | 44 | €1,151 | €6,338 | +€5,187 | +450.9% |
| Suppliers | 440/4 | €1,151 | €6,338 | +€5,187 | +450.9% |
| Taxes, remuneration and social security | 45 | €8,517 | €8,517 | = | 0.0% |
| Taxes | 450/3 | €8,517 | €8,517 | = | 0.0% |
| Other amounts payable | 47/48 | €7,464 | €34,379 | +€26,915 | +360.6% |
| Accrued charges and deferred income | 492/3 | €11,568 | €0 | -€11,568 | -100.0% |
| Non-recurring operating income | 76A | €16,922 | €5,900 | -€11,022 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,892 | €31,845 | -€47 | -0.1% |
| Other operating charges | 640/8 | €8,449 | €7,579 | -€870 | -10.3% |
| Gross operating margin | 9900 | €90,809 | €81,635 | -€9,174 | -10.1% |
| Operating profit (loss) | 9901 | €50,468 | €42,211 | -€8,256 | -16.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €9,826 | €4,288 | -€5,537 | -56.4% |
| Recurring financial charges | 65 | €9,826 | €4,288 | -€5,537 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €40,644 | €37,923 | -€2,721 | -6.7% |
| Income taxes | 67/77 | €8,626 | €7,641 | -€985 | -11.4% |
| Profit (loss) for the period | 9904 | €32,018 | €30,282 | -€1,736 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,018 | €30,282 | -€1,736 | -5.4% |
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 3 October 2026 via checked.be.