DEPAVEE: 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.
DEPAVEE
Largest movements
- Tangible fixed assets -€28,679
down €28,679 (-13.2%), from €217,982 to €189,303
of which Land and buildings: -€20,071
- Receivables within one year +€27,647
up €27,647 (+26.5%), from €104,161 to €131,807
of which Trade receivables: +€14,622
- Cash +€6,134
up €6,134 (+467%), from €1,315 to €7,449
mainly Depreciation (+€29,713) and Net result for the year (+€4,257)
- Profit (loss) carried forward +€4,257
up €4,257 (+2.2%), from €197,424 to €201,681
- Tax, wage and social debts +€4,063
up €4,063 (+10.0%), from €40,629 to €44,691
of which Taxes: +€2,620
- Purchases and services +€26,812
up €26,812 (+36.4%), from €73,735 to €100,547
- Depreciation -€23,847
down €23,847 (-44.5%), from €53,560 to €29,713
- Gross operating margin -€13,636
down €13,636 (-5.1%), from €267,917 to €254,281
- Turnover +€13,200
up €13,200 (+4.2%), from €318,000 to €331,200
- Staff costs +€7,363
up €7,363 (+3.7%), from €198,819 to €206,182
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 | €325,227 | €330,384 | +€5,157 | +1.6% |
| Fixed assets | 21/28 | €217,982 | €189,303 | -€28,679 | -13.2% |
| Tangible fixed assets | 22/27 | €217,982 | €189,303 | -€28,679 | -13.2% |
| Land and buildings | 22 | €143,657 | €123,587 | -€20,071 | -14.0% |
| Plant, machinery and equipment | 23 | €74,325 | €65,716 | -€8,609 | -11.6% |
| Current assets | 29/58 | €107,245 | €141,081 | +€33,836 | +31.6% |
| Amounts receivable within one year | 40/41 | €104,161 | €131,807 | +€27,647 | +26.5% |
| Trade receivables | 40 | €28,090 | €42,712 | +€14,622 | +52.1% |
| Other amounts receivable | 41 | €76,071 | €89,095 | +€13,025 | +17.1% |
| Cash at bank and in hand | 54/58 | €1,315 | €7,449 | +€6,134 | +467% |
| Deferred charges and accrued income | 490/1 | €1,770 | €1,825 | +€56 | +3.1% |
| Total equity and liabilities | 10/49 | €325,227 | €330,384 | +€5,157 | +1.6% |
| Equity | 10/15 | €263,424 | €267,681 | +€4,257 | +1.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,424 | €201,681 | +€4,257 | +2.2% |
| Amounts payable | 17/49 | €61,803 | €62,703 | +€900 | +1.5% |
| Amounts payable within one year | 42/48 | €61,803 | €62,703 | +€900 | +1.5% |
| Trade debts | 44 | €21,174 | €18,012 | -€3,163 | -14.9% |
| Suppliers | 440/4 | €21,174 | €18,012 | -€3,163 | -14.9% |
| Taxes, remuneration and social security | 45 | €40,629 | €44,691 | +€4,063 | +10.0% |
| Taxes | 450/3 | €10,818 | €13,437 | +€2,620 | +24.2% |
| Remuneration and social security | 454/9 | €29,811 | €31,254 | +€1,443 | +4.8% |
| Turnover | 70 | €318,000 | €331,200 | +€13,200 | +4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €73,735 | €100,547 | +€26,812 | +36.4% |
| Remuneration, social security and pensions | 62 | €198,819 | €206,182 | +€7,363 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,560 | €29,713 | -€23,847 | -44.5% |
| Other operating charges | 640/8 | €10,014 | €10,637 | +€623 | +6.2% |
| Gross operating margin | 9900 | €267,917 | €254,281 | -€13,636 | -5.1% |
| Operating profit (loss) | 9901 | €5,524 | €7,748 | +€2,224 | +40.3% |
| Financial income | 75/76B | €424 | €1,020 | +€596 | +141% |
| Recurring financial income | 75 | €424 | €1,020 | +€596 | +141% |
| Financial charges | 65/66B | €29 | €28 | -€1 | -2.3% |
| Recurring financial charges | 65 | €29 | €28 | -€1 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €5,919 | €8,740 | +€2,821 | +47.7% |
| Income taxes | 67/77 | €3,536 | €4,483 | +€947 | +26.8% |
| Profit (loss) for the period | 9904 | €2,383 | €4,257 | +€1,874 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,383 | €4,257 | +€1,874 | +78.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.