DEPECHE: what changed
Two fiscal 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.
DEPECHE
Largest movements
- Stocks and contracts -€6,999
down €6,999 (-11.2%), from €62,472 to €55,473
- Cash -€4,752
down €4,752 (-4.6%), from €104,069 to €99,317
mainly Net result for the year (-€23,948) and Other debts (-€15,080)
- Receivables within one year +€2,177
up €2,177 (+84.8%), from €2,568 to €4,745
of which Other amounts receivable: +€4,076
- Trade debts +€24,957
up €24,957 (+418.0%), from €5,971 to €30,929
- Other debts -€15,080
down €15,080 (-27.8%), from €54,179 to €39,099
- Profit (loss) carried forward -€13,948
new in 2025: -€13,948
- Reserves -€10,000
down €10,000 (-11.5%), from €87,206 to €77,206
of which Distributable reserves: -€10,000
- Tax, wage and social debts +€5,128
up €5,128 (+119.4%), from €4,293 to €9,422
- Gross operating margin -€14,205
down €14,205 (-165.0%), from -€8,607 to -€22,812
- Write-downs +€12,298
up €12,298, from -€12,298 to €0
- Taxes -€1,084
down €1,084 (-79.2%), from €1,369 to €285
- Financial income +€323
up €323 (+124.1%), from €261 to €584
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.
Cash bridge derived
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 | €170,250 | €161,307 | -€8,943 | -5.3% |
| Current assets | 29/58 | €170,250 | €161,307 | -€8,943 | -5.3% |
| Stocks and contracts in progress | 3 | €62,472 | €55,473 | -€6,999 | -11.2% |
| Stocks | 30/36 | €62,472 | €55,473 | -€6,999 | -11.2% |
| Amounts receivable within one year | 40/41 | €2,568 | €4,745 | +€2,177 | +84.8% |
| Trade receivables | 40 | €1,899 | €0 | -€1,899 | -100.0% |
| Other amounts receivable | 41 | €669 | €4,745 | +€4,076 | +609.1% |
| Cash at bank and in hand | 54/58 | €104,069 | €99,317 | -€4,752 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,772 | +€631 | +55.3% |
| Total equity and liabilities | 10/49 | €170,250 | €161,307 | -€8,943 | -5.3% |
| Equity | 10/15 | €105,806 | €81,858 | -€23,948 | -22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,206 | €77,206 | -€10,000 | -11.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €87,206 | €77,206 | -€10,000 | -11.5% |
| Profit (loss) carried forward | 14 | - | -€13,948 | -€13,948 | |
| Amounts payable | 17/49 | €64,444 | €79,449 | +€15,005 | +23.3% |
| Amounts payable within one year | 42/48 | €64,444 | €79,449 | +€15,005 | +23.3% |
| Trade debts | 44 | €5,971 | €30,929 | +€24,957 | +418.0% |
| Suppliers | 440/4 | €5,971 | €30,929 | +€24,957 | +418.0% |
| Taxes, remuneration and social security | 45 | €4,293 | €9,422 | +€5,128 | +119.4% |
| Taxes | 450/3 | €4,293 | €9,422 | +€5,128 | +119.4% |
| Other amounts payable | 47/48 | €54,179 | €39,099 | -€15,080 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,298 | €0 | +€12,298 | |
| Other operating charges | 640/8 | €901 | €920 | +€20 | +2.2% |
| Gross operating margin | 9900 | -€8,607 | -€22,812 | -€14,205 | -165.0% |
| Operating profit (loss) | 9901 | €2,790 | -€23,733 | -€26,523 | |
| Financial income | 75/76B | €261 | €584 | +€323 | +124.1% |
| Recurring financial income | 75 | €261 | €584 | +€323 | +124.1% |
| Financial charges | 65/66B | €381 | €515 | +€134 | +35.1% |
| Recurring financial charges | 65 | €381 | €515 | +€134 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €2,670 | -€23,663 | -€26,333 | |
| Income taxes | 67/77 | €1,369 | €285 | -€1,084 | -79.2% |
| Profit (loss) for the period | 9904 | €1,301 | -€23,948 | -€25,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,301 | -€23,948 | -€25,249 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.