DEPAZ CONSULTING: 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.
DEPAZ CONSULTING
Largest movements
- Cash -€139,608
down €139,608 (-61.3%), from €227,906 to €88,298
mainly Investment in fixed assets (net) (-€111,672) and Contributions, distributions and other (-€92,283)
- Tangible fixed assets +€88,600
up €88,600 (+403%), from €21,990 to €110,590
of which Furniture and vehicles: +€89,868
- Receivables within one year +€5,212
up €5,212 (+10.6%), from €49,272 to €54,484
of which Trade receivables: +€2,726
- Reserves -€50,513
down €50,513 (-18.7%), from €270,839 to €220,326
- Tax, wage and social debts +€3,287
up €3,287 (+52.1%), from €6,308 to €9,595
of which Taxes: +€3,287
- Gross operating margin +€27,709
up €27,709 (+52.3%), from €52,980 to €80,690
- Depreciation +€19,376
up €19,376 (+524%), from €3,695 to €23,071
- Taxes +€2,392
up €2,392 (+16.5%), from €14,504 to €16,895
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 | €304,813 | €257,774 | -€47,039 | -15.4% |
| Fixed assets | 21/28 | €22,406 | €111,007 | +€88,600 | +395% |
| Tangible fixed assets | 22/27 | €21,990 | €110,590 | +€88,600 | +403% |
| Land and buildings | 22 | €6,778 | €6,076 | -€702 | -10.4% |
| Plant, machinery and equipment | 23 | €4,592 | €4,027 | -€566 | -12.3% |
| Furniture and vehicles | 24 | €10,620 | €100,487 | +€89,868 | +846% |
| Financial fixed assets | 28 | €416 | €416 | = | 0.0% |
| Current assets | 29/58 | €282,407 | €146,767 | -€135,640 | -48.0% |
| Amounts receivable after more than one year | 29 | €3,451 | €2,501 | -€951 | -27.5% |
| Other amounts receivable | 291 | €3,451 | €2,501 | -€951 | -27.5% |
| Amounts receivable within one year | 40/41 | €49,272 | €54,484 | +€5,212 | +10.6% |
| Trade receivables | 40 | €28,627 | €31,353 | +€2,726 | +9.5% |
| Other amounts receivable | 41 | €20,646 | €23,131 | +€2,486 | +12.0% |
| Cash at bank and in hand | 54/58 | €227,906 | €88,298 | -€139,608 | -61.3% |
| Deferred charges and accrued income | 490/1 | €1,778 | €1,485 | -€293 | -16.5% |
| Total equity and liabilities | 10/49 | €304,813 | €257,774 | -€47,039 | -15.4% |
| Equity | 10/15 | €292,199 | €241,686 | -€50,513 | -17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €270,839 | €220,326 | -€50,513 | -18.7% |
| Distributable reserves | 133 | €270,839 | €220,326 | -€50,513 | -18.7% |
| Profit (loss) carried forward | 14 | €8,960 | €8,960 | = | 0.0% |
| Amounts payable | 17/49 | €12,614 | €16,088 | +€3,473 | +27.5% |
| Amounts payable within one year | 42/48 | €12,614 | €16,088 | +€3,473 | +27.5% |
| Financial debts | 43 | €3,396 | €3,878 | +€482 | +14.2% |
| Credit institutions | 430/8 | €3,396 | €3,878 | +€482 | +14.2% |
| Trade debts | 44 | €2,351 | €2,032 | -€319 | -13.6% |
| Suppliers | 440/4 | €2,351 | €2,032 | -€319 | -13.6% |
| Taxes, remuneration and social security | 45 | €6,308 | €9,595 | +€3,287 | +52.1% |
| Taxes | 450/3 | €3,938 | €7,225 | +€3,287 | +83.5% |
| Remuneration and social security | 454/9 | €2,370 | €2,370 | = | 0.0% |
| Other amounts payable | 47/48 | €560 | €583 | +€23 | +4.1% |
| Non-recurring operating income | 76A | - | €17,355 | +€17,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,695 | €23,071 | +€19,376 | +524% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Non-recurring operating charges | 66A | €91 | - | -€91 | |
| Gross operating margin | 9900 | €52,980 | €80,690 | +€27,709 | +52.3% |
| Operating profit (loss) | 9901 | €49,132 | €57,556 | +€8,425 | +17.1% |
| Financial income | 75/76B | €1,497 | €1,454 | -€44 | -2.9% |
| Recurring financial income | 75 | €1,497 | €1,454 | -€44 | -2.9% |
| Financial charges | 65/66B | €451 | €344 | -€106 | -23.5% |
| Recurring financial charges | 65 | €451 | €344 | -€106 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €50,178 | €58,666 | +€8,487 | +16.9% |
| Income taxes | 67/77 | €14,504 | €16,895 | +€2,392 | +16.5% |
| Profit (loss) for the period | 9904 | €35,675 | €41,770 | +€6,096 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,675 | €41,770 | +€6,096 | +17.1% |
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 26 October 2026 via checked.be.