DePauw-DeWolf: 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.
DePauw-DeWolf
Largest movements
- Cash +€44,700
up €44,700 (+1,088%), from €4,109 to €48,809
mainly Debts after one year (+€33,746) and Net result for the year (+€24,531)
- Tangible fixed assets +€44,449
new in 2025: €44,449
of which Furniture and vehicles: +€42,461
- Stocks and contracts +€25,573
up €25,573 (+99.7%), from €25,644 to €51,216
- Receivables within one year -€14,567
no longer reported in 2025 (was €14,567)
- Debts after one year +€33,746
new in 2025: €33,746
- Reserves +€24,531
new in 2025: €24,531
- Tax, wage and social debts +€18,040
up €18,040 (+440%), from €4,098 to €22,139
of which Taxes: +€11,783
- Current portion of long-term debt +€10,236
new in 2025: €10,236
- Other debts +€9,839
up €9,839 (+93.7%), from €10,500 to €20,339
- Gross operating margin +€43,940
up €43,940 (+572%), from €7,686 to €51,627
- Depreciation +€10,917
new in 2025: €10,917
- Taxes +€8,549
up €8,549 (+601%), from €1,423 to €9,972
- Other operating charges +€3,275
up €3,275 (+262%), from €1,251 to €4,526
- Financial charges +€1,470
up €1,470 (+694%), from €212 to €1,682
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 | €56,819 | €156,974 | +€100,155 | +176% |
| Fixed assets | 21/28 | €12,500 | €56,949 | +€44,449 | +356% |
| Tangible fixed assets | 22/27 | - | €44,449 | +€44,449 | |
| Plant, machinery and equipment | 23 | - | €1,987 | +€1,987 | |
| Furniture and vehicles | 24 | - | €42,461 | +€42,461 | |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €44,319 | €100,026 | +€55,706 | +126% |
| Stocks and contracts in progress | 3 | €25,644 | €51,216 | +€25,573 | +99.7% |
| Stocks | 30/36 | €25,644 | €51,216 | +€25,573 | +99.7% |
| Amounts receivable within one year | 40/41 | €14,567 | - | -€14,567 | |
| Trade receivables | 40 | €14,567 | - | -€14,567 | |
| Cash at bank and in hand | 54/58 | €4,109 | €48,809 | +€44,700 | +1,088% |
| Total equity and liabilities | 10/49 | €56,819 | €156,974 | +€100,155 | +176% |
| Equity | 10/15 | €29,825 | €54,355 | +€24,531 | +82.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €24,531 | +€24,531 | |
| Distributable reserves | 133 | - | €24,531 | +€24,531 | |
| Profit (loss) carried forward | 14 | €4,825 | €4,825 | = | 0.0% |
| Amounts payable | 17/49 | €26,995 | €102,619 | +€75,624 | +280% |
| Amounts payable after more than one year | 17 | - | €33,746 | +€33,746 | |
| Financial debts | 170/4 | - | €33,746 | +€33,746 | |
| Amounts payable within one year | 42/48 | €26,995 | €68,873 | +€41,878 | +155% |
| Current portion of amounts payable after more than one year | 42 | - | €10,236 | +€10,236 | |
| Trade debts | 44 | €12,396 | €16,158 | +€3,762 | +30.3% |
| Suppliers | 440/4 | €12,396 | €16,158 | +€3,762 | +30.3% |
| Taxes, remuneration and social security | 45 | €4,098 | €22,139 | +€18,040 | +440% |
| Taxes | 450/3 | €3,579 | €15,361 | +€11,783 | +329% |
| Remuneration and social security | 454/9 | €520 | €6,777 | +€6,258 | +1,204% |
| Other amounts payable | 47/48 | €10,500 | €20,339 | +€9,839 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,917 | +€10,917 | |
| Other operating charges | 640/8 | €1,251 | €4,526 | +€3,275 | +262% |
| Gross operating margin | 9900 | €7,686 | €51,627 | +€43,940 | +572% |
| Operating profit (loss) | 9901 | €6,436 | €36,184 | +€29,748 | +462% |
| Financial income | 75/76B | €24 | €1 | -€23 | -94.3% |
| Recurring financial income | 75 | €24 | €1 | -€23 | -94.3% |
| Financial charges | 65/66B | €212 | €1,682 | +€1,470 | +694% |
| Recurring financial charges | 65 | €212 | €1,682 | +€1,470 | +694% |
| Profit (loss) for the period before taxes | 9903 | €6,248 | €34,503 | +€28,255 | +452% |
| Income taxes | 67/77 | €1,423 | €9,972 | +€8,549 | +601% |
| Profit (loss) for the period | 9904 | €4,825 | €24,531 | +€19,706 | +408% |
| Profit (loss) for the period to be appropriated | 9905 | €4,825 | €24,531 | +€19,706 | +408% |
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 25 October 2026 via checked.be.