DEPESBO: 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.
DEPESBO
Largest movements
- Tangible fixed assets -€31,565
down €31,565 (-2.5%), from €1.3m to €1.2m
- Cash +€29,355
up €29,355 (+65.5%), from €44,837 to €74,193
mainly Depreciation (+€39,245) and Other debts (+€268)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€10,490
down €10,490 (-18.9%), from €55,514 to €45,024
- Other operating charges +€648
up €648 (+13.0%), from €4,979 to €5,627
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 | €1,318,396 | €1,316,197 | -€2,200 | -0.2% |
| Fixed assets | 21/28 | €1,273,232 | €1,241,667 | -€31,565 | -2.5% |
| Tangible fixed assets | 22/27 | €1,273,232 | €1,241,667 | -€31,565 | -2.5% |
| Land and buildings | 22 | €1,273,232 | €1,241,667 | -€31,565 | -2.5% |
| Current assets | 29/58 | €45,164 | €74,530 | +€29,365 | +65.0% |
| Cash at bank and in hand | 54/58 | €44,837 | €74,193 | +€29,355 | +65.5% |
| Deferred charges and accrued income | 490/1 | €327 | €337 | +€10 | +3.2% |
| Total equity and liabilities | 10/49 | €1,318,396 | €1,316,197 | -€2,200 | -0.2% |
| Equity | 10/15 | -€290,524 | -€290,419 | +€105 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,158 | €2,158 | = | 0.0% |
| Distributable reserves | 133 | €2,158 | €2,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,282 | -€311,177 | +€105 | 0.0% |
| Amounts payable | 17/49 | €1,608,921 | €1,606,616 | -€2,305 | -0.1% |
| Amounts payable after more than one year | 17 | €550,000 | €550,000 | = | 0.0% |
| Financial debts | 170/4 | €550,000 | €550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,058,921 | €1,056,616 | -€2,305 | -0.2% |
| Trade debts | 44 | €3,162 | €589 | -€2,573 | -81.4% |
| Suppliers | 440/4 | €3,162 | €589 | -€2,573 | -81.4% |
| Other amounts payable | 47/48 | €1,055,759 | €1,056,027 | +€268 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,030 | €39,245 | +€215 | +0.6% |
| Other operating charges | 640/8 | €4,979 | €5,627 | +€648 | +13.0% |
| Gross operating margin | 9900 | €55,514 | €45,024 | -€10,490 | -18.9% |
| Operating profit (loss) | 9901 | €11,504 | €152 | -€11,353 | -98.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €11,458 | €105 | -€11,353 | -99.1% |
| Profit (loss) for the period | 9904 | €11,458 | €105 | -€11,353 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,458 | €105 | -€11,353 | -99.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.