DEPAUL Group: 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.
DEPAUL Group
Largest movements
- Receivables within one year +€87,029
up €87,029 (+141%), from €61,627 to €148,656
of which Trade receivables: +€81,444
- Stocks and contracts +€73,025
new in 2022: €73,025
- Cash +€35,668
up €35,668 (+523%), from €6,826 to €42,494
mainly Other debts (+€94,763) and Trade debts (+€47,116)
- Tangible fixed assets +€16,128
up €16,128 (+708%), from €2,277 to €18,405
of which Furniture and vehicles: +€11,445
- Intangible fixed assets -€5,995
down €5,995 (-26.1%), from €22,983 to €16,988
- Other debts +€94,763
up €94,763 (+3,494%), from €2,712 to €97,475
- Trade debts +€47,116
up €47,116 (+331%), from €14,223 to €61,339
- Debts after one year +€20,191
new in 2022: €20,191
- Reserves +€17,266
up €17,266 (+36.1%), from €47,797 to €65,063
- Current portion of long-term debt +€13,508
new in 2022: €13,508
- Gross operating margin +€42,996
up €42,996 (+103%), from €41,732 to €84,728
- Staff costs +€35,202
up €35,202 (+515%), from €6,839 to €42,041
- Financial income -€15,167
down €15,167 (-98.9%), from €15,334 to €167
- Other operating charges +€7,458
up €7,458 (+635%), from €1,175 to €8,633
- Financial charges -€6,526
down €6,526 (-68.1%), from €9,578 to €3,052
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,966 | €301,064 | +€205,098 | +214% |
| Fixed assets | 21/28 | €25,260 | €35,392 | +€10,133 | +40.1% |
| Intangible fixed assets | 21 | €22,983 | €16,988 | -€5,995 | -26.1% |
| Tangible fixed assets | 22/27 | €2,277 | €18,405 | +€16,128 | +708% |
| Plant, machinery and equipment | 23 | - | €4,683 | +€4,683 | |
| Furniture and vehicles | 24 | €2,277 | €13,722 | +€11,445 | +503% |
| Current assets | 29/58 | €70,706 | €265,671 | +€194,965 | +276% |
| Stocks and contracts in progress | 3 | - | €73,025 | +€73,025 | |
| Stocks | 30/36 | - | €73,025 | +€73,025 | |
| Amounts receivable within one year | 40/41 | €61,627 | €148,656 | +€87,029 | +141% |
| Trade receivables | 40 | €61,627 | €143,071 | +€81,444 | +132% |
| Other amounts receivable | 41 | - | €5,585 | +€5,585 | |
| Cash at bank and in hand | 54/58 | €6,826 | €42,494 | +€35,668 | +523% |
| Deferred charges and accrued income | 490/1 | €2,253 | €1,496 | -€756 | -33.6% |
| Total equity and liabilities | 10/49 | €95,966 | €301,064 | +€205,098 | +214% |
| Equity | 10/15 | €69,077 | €86,342 | +€17,266 | +25.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €47,797 | €65,063 | +€17,266 | +36.1% |
| Distributable reserves | 133 | €47,797 | €65,063 | +€17,266 | +36.1% |
| Investment grants | 15 | €11,279 | €11,279 | = | 0.0% |
| Amounts payable | 17/49 | €26,889 | €214,721 | +€187,832 | +699% |
| Amounts payable after more than one year | 17 | - | €20,191 | +€20,191 | |
| Financial debts | 170/4 | - | €20,191 | +€20,191 | |
| Amounts payable within one year | 42/48 | €26,889 | €194,531 | +€167,641 | +623% |
| Current portion of amounts payable after more than one year | 42 | - | €13,508 | +€13,508 | |
| Trade debts | 44 | €14,223 | €61,339 | +€47,116 | +331% |
| Suppliers | 440/4 | €14,223 | €61,339 | +€47,116 | +331% |
| Taxes, remuneration and social security | 45 | €9,954 | €22,209 | +€12,255 | +123% |
| Taxes | 450/3 | €8,990 | €13,586 | +€4,597 | +51.1% |
| Remuneration and social security | 454/9 | €964 | €8,622 | +€7,658 | +794% |
| Other amounts payable | 47/48 | €2,712 | €97,475 | +€94,763 | +3,494% |
| Remuneration, social security and pensions | 62 | €6,839 | €42,041 | +€35,202 | +515% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,986 | €8,234 | +€1,248 | +17.9% |
| Other operating charges | 640/8 | €1,175 | €8,633 | +€7,458 | +635% |
| Gross operating margin | 9900 | €41,732 | €84,728 | +€42,996 | +103% |
| Operating profit (loss) | 9901 | €26,732 | €25,820 | -€912 | -3.4% |
| Financial income | 75/76B | €15,334 | €167 | -€15,167 | -98.9% |
| Recurring financial income | 75 | €15,334 | €167 | -€15,167 | -98.9% |
| Financial charges | 65/66B | €9,578 | €3,052 | -€6,526 | -68.1% |
| Recurring financial charges | 65 | €9,578 | €3,052 | -€6,526 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €32,488 | €22,936 | -€9,552 | -29.4% |
| Income taxes | 67/77 | €5,545 | €5,670 | +€124 | +2.2% |
| Profit (loss) for the period | 9904 | €26,943 | €17,266 | -€9,677 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,943 | €17,266 | -€9,677 | -35.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.