DEPAWO: 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.
DEPAWO
Largest movements
- Tangible fixed assets +€86,075
up €86,075 (+7,842%), from €1,098 to €87,173
- Stocks and contracts -€24,782
no longer reported in 2024 (was €24,782)
- Receivables within one year +€22,488
up €22,488 (+29.2%), from €77,006 to €99,494
of which Other amounts receivable: +€49,409
- Cash -€13,915
down €13,915 (-26.4%), from €52,649 to €38,734
mainly Investment in fixed assets (net) (-€89,750) and Receivables within one year (-€22,488)
- Trade debts +€26,741
up €26,741 (+44.7%), from €59,823 to €86,564
- Reserves +€25,000
up €25,000 (+83.3%), from €30,000 to €55,000
- Tax, wage and social debts +€14,788
up €14,788 (+46.2%), from €32,002 to €46,790
of which Taxes: +€15,748
- Other debts +€3,682
up €3,682 (+191%), from €1,929 to €5,611
- Gross operating margin -€27,651
down €27,651 (-13.5%), from €204,899 to €177,248
- Staff costs -€21,705
down €21,705 (-14.0%), from €155,122 to €133,417
- Depreciation +€3,380
up €3,380 (+1,146%), from €295 to €3,675
- Other operating charges -€3,005
down €3,005 (-70.2%), from €4,283 to €1,278
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,535 | €226,807 | +€71,272 | +45.8% |
| Fixed assets | 21/28 | €1,098 | €87,173 | +€86,075 | +7,842% |
| Tangible fixed assets | 22/27 | €1,098 | €87,173 | +€86,075 | +7,842% |
| Plant, machinery and equipment | 23 | €1,098 | €87,173 | +€86,075 | +7,842% |
| Current assets | 29/58 | €154,438 | €139,634 | -€14,804 | -9.6% |
| Stocks and contracts in progress | 3 | €24,782 | - | -€24,782 | |
| Stocks | 30/36 | €24,782 | - | -€24,782 | |
| Amounts receivable within one year | 40/41 | €77,006 | €99,494 | +€22,488 | +29.2% |
| Trade receivables | 40 | €65,642 | €38,721 | -€26,921 | -41.0% |
| Other amounts receivable | 41 | €11,364 | €60,773 | +€49,409 | +435% |
| Cash at bank and in hand | 54/58 | €52,649 | €38,734 | -€13,915 | -26.4% |
| Deferred charges and accrued income | 490/1 | - | €1,406 | +€1,406 | |
| Total equity and liabilities | 10/49 | €155,535 | €226,807 | +€71,272 | +45.8% |
| Equity | 10/15 | €48,775 | €74,836 | +€26,061 | +53.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Distributable reserves | 133 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Profit (loss) carried forward | 14 | €6,275 | €7,336 | +€1,061 | +16.9% |
| Amounts payable | 17/49 | €106,760 | €151,971 | +€45,211 | +42.3% |
| Amounts payable within one year | 42/48 | €106,760 | €151,971 | +€45,211 | +42.3% |
| Trade debts | 44 | €59,823 | €86,564 | +€26,741 | +44.7% |
| Suppliers | 440/4 | €59,823 | €86,564 | +€26,741 | +44.7% |
| Advances received on contracts in progress | 46 | €13,006 | €13,006 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,002 | €46,790 | +€14,788 | +46.2% |
| Taxes | 450/3 | €14,959 | €30,707 | +€15,748 | +105% |
| Remuneration and social security | 454/9 | €17,043 | €16,083 | -€959 | -5.6% |
| Other amounts payable | 47/48 | €1,929 | €5,611 | +€3,682 | +191% |
| Remuneration, social security and pensions | 62 | €155,122 | €133,417 | -€21,705 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €3,675 | +€3,380 | +1,146% |
| Other operating charges | 640/8 | €4,283 | €1,278 | -€3,005 | -70.2% |
| Gross operating margin | 9900 | €204,899 | €177,248 | -€27,651 | -13.5% |
| Operating profit (loss) | 9901 | €45,198 | €38,878 | -€6,321 | -14.0% |
| Financial income | 75/76B | - | €1,406 | +€1,406 | |
| Recurring financial income | 75 | - | €1,406 | +€1,406 | |
| Financial charges | 65/66B | €201 | €197 | -€5 | -2.3% |
| Recurring financial charges | 65 | €201 | €197 | -€5 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €44,997 | €40,087 | -€4,910 | -10.9% |
| Income taxes | 67/77 | €14,581 | €14,027 | -€555 | -3.8% |
| Profit (loss) for the period | 9904 | €30,416 | €26,061 | -€4,355 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,416 | €26,061 | -€4,355 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.