DEPECHE AGENCIES: 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.
DEPECHE AGENCIES
Largest movements
- Cash -€214,559
down €214,559 (-40.7%), from €526,634 to €312,075
mainly Current investments (-€200,000) and Other debts (-€24,972)
- Current investments +€200,000
up €200,000 (+79.6%), from €251,134 to €451,134
- Tangible fixed assets -€15,988
down €15,988 (-7.4%), from €217,459 to €201,471
of which Land and buildings: -€8,058
- Other debts -€24,972
down €24,972 (-4.9%), from €511,743 to €486,771
- Gross operating margin +€17,580
up €17,580, from -€13,027 to €4,553
- Taxes -€3,317
down €3,317 (-89.5%), from €3,705 to €388
- Depreciation -€2,460
down €2,460 (-13.0%), from €18,946 to €16,487
- Financial income -€880
down €880 (-8.1%), from €10,891 to €10,012
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 | €998,333 | €972,329 | -€26,004 | -2.6% |
| Fixed assets | 21/28 | €217,459 | €201,471 | -€15,988 | -7.4% |
| Tangible fixed assets | 22/27 | €217,459 | €201,471 | -€15,988 | -7.4% |
| Land and buildings | 22 | €202,195 | €194,137 | -€8,058 | -4.0% |
| Plant, machinery and equipment | 23 | €598 | €343 | -€255 | -42.6% |
| Furniture and vehicles | 24 | €14,666 | €6,991 | -€7,675 | -52.3% |
| Current assets | 29/58 | €780,874 | €770,858 | -€10,016 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,631 | €6,071 | +€4,440 | +272.3% |
| Trade receivables | 40 | €1,579 | €3,402 | +€1,823 | +115.4% |
| Other amounts receivable | 41 | €52 | €2,669 | +€2,618 | +5082.4% |
| Current investments | 50/53 | €251,134 | €451,134 | +€200,000 | +79.6% |
| Cash at bank and in hand | 54/58 | €526,634 | €312,075 | -€214,559 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,475 | €1,578 | +€103 | +7.0% |
| Total equity and liabilities | 10/49 | €998,333 | €972,329 | -€26,004 | -2.6% |
| Equity | 10/15 | €483,860 | €479,228 | -€4,632 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €505,090 | €505,090 | = | 0.0% |
| Distributable reserves | 133 | €505,090 | €505,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,830 | -€44,462 | -€4,632 | -11.6% |
| Amounts payable | 17/49 | €514,472 | €493,100 | -€21,372 | -4.2% |
| Amounts payable within one year | 42/48 | €514,472 | €493,100 | -€21,372 | -4.2% |
| Trade debts | 44 | €28 | €3,296 | +€3,268 | +11546.6% |
| Suppliers | 440/4 | €28 | €3,296 | +€3,268 | +11546.6% |
| Taxes, remuneration and social security | 45 | €2,701 | €3,033 | +€332 | +12.3% |
| Taxes | 450/3 | €2,701 | €3,033 | +€332 | +12.3% |
| Other amounts payable | 47/48 | €511,743 | €486,771 | -€24,972 | -4.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,946 | €16,487 | -€2,460 | -13.0% |
| Other operating charges | 640/8 | €1,976 | €2,036 | +€60 | +3.0% |
| Gross operating margin | 9900 | -€13,027 | €4,553 | +€17,580 | |
| Operating profit (loss) | 9901 | -€33,950 | -€13,970 | +€19,980 | +58.9% |
| Financial income | 75/76B | €10,891 | €10,012 | -€880 | -8.1% |
| Recurring financial income | 75 | €10,891 | €10,012 | -€880 | -8.1% |
| Financial charges | 65/66B | €291 | €285 | -€5 | -1.9% |
| Recurring financial charges | 65 | €291 | €285 | -€5 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,349 | -€4,244 | +€19,106 | +81.8% |
| Income taxes | 67/77 | €3,705 | €388 | -€3,317 | -89.5% |
| Profit (loss) for the period | 9904 | -€27,054 | -€4,632 | +€22,422 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,054 | -€4,632 | +€22,422 | +82.9% |
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 11 October 2026 via checked.be.