Depauw Engineering Brussels: 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 Engineering Brussels
Largest movements
- Tangible fixed assets +€39,312
up €39,312 (+287%), from €13,713 to €53,024
of which Other tangible fixed assets: +€39,812
- Cash -€21,555
down €21,555 (-90.3%), from €23,869 to €2,314
mainly Investment in fixed assets (net) (-€40,795) and Net result for the year (-€28,683)
- Stocks and contracts -€6,677
down €6,677 (-10.7%), from €62,353 to €55,676
- Receivables within one year +€6,437
up €6,437 (+46.0%), from €14,008 to €20,445
of which Trade receivables: +€6,806
- Debts after one year +€45,000
new in 2025: €45,000
- Profit (loss) carried forward -€28,683
down €28,683, from €26,653 to -€2,029
- Other debts +€9,385
up €9,385 (+58.4%), from €16,081 to €25,466
- Tax, wage and social debts -€6,239
down €6,239 (-47.7%), from €13,074 to €6,835
of which Taxes: -€7,489
- Trade debts -€1,947
down €1,947 (-5.0%), from €38,763 to €36,816
- Gross operating margin -€21,420
down €21,420, from €952 to -€20,469
- Other operating charges +€2,773
up €2,773 (+368%), from €753 to €3,526
- Taxes +€2,050
up €2,050 (+487%), from €421 to €2,471
- Financial income +€1,326
up €1,326 (+13,256,400%), from €0 to €1,326
- Financial charges +€1,128
up €1,128 (+169%), from €669 to €1,797
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 | €113,943 | €131,460 | +€17,517 | +15.4% |
| Fixed assets | 21/28 | €13,713 | €53,024 | +€39,312 | +287% |
| Tangible fixed assets | 22/27 | €13,713 | €53,024 | +€39,312 | +287% |
| Land and buildings | 22 | €13,213 | €13,213 | = | 0.0% |
| Plant, machinery and equipment | 23 | €500 | - | -€500 | |
| Other tangible fixed assets | 26 | - | €39,812 | +€39,812 | |
| Current assets | 29/58 | €100,230 | €78,435 | -€21,795 | -21.7% |
| Stocks and contracts in progress | 3 | €62,353 | €55,676 | -€6,677 | -10.7% |
| Stocks | 30/36 | €62,353 | €55,676 | -€6,677 | -10.7% |
| Amounts receivable within one year | 40/41 | €14,008 | €20,445 | +€6,437 | +46.0% |
| Trade receivables | 40 | €13,640 | €20,445 | +€6,806 | +49.9% |
| Other amounts receivable | 41 | €369 | - | -€369 | |
| Cash at bank and in hand | 54/58 | €23,869 | €2,314 | -€21,555 | -90.3% |
| Total equity and liabilities | 10/49 | €113,943 | €131,460 | +€17,517 | +15.4% |
| Equity | 10/15 | €46,025 | €17,343 | -€28,683 | -62.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €780 | €780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €780 | €780 | = | 0.0% |
| Reserves not available under the articles | 1311 | €780 | €780 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,653 | -€2,029 | -€28,683 | |
| Amounts payable | 17/49 | €67,918 | €114,117 | +€46,199 | +68.0% |
| Amounts payable after more than one year | 17 | - | €45,000 | +€45,000 | |
| Financial debts | 170/4 | - | €45,000 | +€45,000 | |
| Amounts payable within one year | 42/48 | €67,918 | €69,117 | +€1,199 | +1.8% |
| Trade debts | 44 | €38,763 | €36,816 | -€1,947 | -5.0% |
| Suppliers | 440/4 | €38,763 | €36,816 | -€1,947 | -5.0% |
| Taxes, remuneration and social security | 45 | €13,074 | €6,835 | -€6,239 | -47.7% |
| Taxes | 450/3 | €8,024 | €535 | -€7,489 | -93.3% |
| Remuneration and social security | 454/9 | €5,050 | €6,300 | +€1,250 | +24.8% |
| Other amounts payable | 47/48 | €16,081 | €25,466 | +€9,385 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €1,484 | +€984 | +197% |
| Other operating charges | 640/8 | €753 | €3,526 | +€2,773 | +368% |
| Non-recurring operating charges | 66A | €132 | €261 | +€129 | +97.8% |
| Gross operating margin | 9900 | €952 | -€20,469 | -€21,420 | |
| Operating profit (loss) | 9901 | -€434 | -€25,740 | -€25,306 | -5,836% |
| Financial income | 75/76B | €0 | €1,326 | +€1,326 | +13,256,400% |
| Recurring financial income | 75 | €0 | €1,326 | +€1,326 | +13,256,400% |
| Financial charges | 65/66B | €669 | €1,797 | +€1,128 | +169% |
| Recurring financial charges | 65 | €669 | €1,797 | +€1,128 | +169% |
| Profit (loss) for the period before taxes | 9903 | -€1,103 | -€26,211 | -€25,108 | -2,277% |
| Income taxes | 67/77 | €421 | €2,471 | +€2,050 | +487% |
| Profit (loss) for the period | 9904 | -€1,524 | -€28,683 | -€27,159 | -1,782% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,524 | -€28,683 | -€27,159 | -1,782% |
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 14 October 2026 via checked.be.