DEPESTEL JONATHAN: 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.
DEPESTEL JONATHAN
Largest movements
- Receivables within one year -€37,694
down €37,694 (-43.8%), from €86,088 to €48,394
of which Other amounts receivable: -€37,694
- Tangible fixed assets -€22,735
down €22,735 (-41.6%), from €54,630 to €31,894
- Deferred charges and accrued income -€9,120
down €9,120 (-57.4%), from €15,894 to €6,774
- Cash +€5,259
up €5,259 (+72.6%), from €7,240 to €12,499
mainly Receivables within one year (+€37,694) and Depreciation (+€24,179)
- Trade debts -€37,381
down €37,381 (-55.6%), from €67,289 to €29,909
- Debts after one year -€14,187
down €14,187 (-43.0%), from €32,993 to €18,806
- Short-term financial debts -€10,090
down €10,090 (-21.6%), from €46,787 to €36,697
- Current portion of long-term debt -€9,079
down €9,079 (-40.1%), from €22,662 to €13,582
- Profit (loss) carried forward +€6,526
up €6,526 (+177%), from €3,696 to €10,222
- Gross operating margin +€26,344
up €26,344 (+52.7%), from €49,950 to €76,295
- Staff costs -€21,550
down €21,550 (-39.1%), from €55,181 to €33,631
- Other operating charges +€2,532
up €2,532 (+89.2%), from €2,839 to €5,371
- Taxes +€1,395
up €1,395 (+1,008%), from €138 to €1,534
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 | €201,145 | €137,260 | -€63,885 | -31.8% |
| Fixed assets | 21/28 | €56,946 | €34,210 | -€22,735 | -39.9% |
| Tangible fixed assets | 22/27 | €54,630 | €31,894 | -€22,735 | -41.6% |
| Land and buildings | 22 | €1,107 | €986 | -€121 | -10.9% |
| Plant, machinery and equipment | 23 | €38,663 | €27,393 | -€11,270 | -29.1% |
| Furniture and vehicles | 24 | €4,586 | €1,881 | -€2,705 | -59.0% |
| Leasing and similar rights | 25 | €10,273 | €1,633 | -€8,640 | -84.1% |
| Financial fixed assets | 28 | €2,316 | €2,316 | = | 0.0% |
| Current assets | 29/58 | €144,199 | €103,050 | -€41,149 | -28.5% |
| Amounts receivable after more than one year | 29 | €32,500 | €32,500 | = | 0.0% |
| Other amounts receivable | 291 | €32,500 | €32,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,478 | €2,883 | +€406 | +16.4% |
| Stocks | 30/36 | €2,478 | €2,883 | +€406 | +16.4% |
| Amounts receivable within one year | 40/41 | €86,088 | €48,394 | -€37,694 | -43.8% |
| Trade receivables | 40 | €16,308 | €16,308 | = | 0.0% |
| Other amounts receivable | 41 | €69,779 | €32,086 | -€37,694 | -54.0% |
| Cash at bank and in hand | 54/58 | €7,240 | €12,499 | +€5,259 | +72.6% |
| Deferred charges and accrued income | 490/1 | €15,894 | €6,774 | -€9,120 | -57.4% |
| Total equity and liabilities | 10/49 | €201,145 | €137,260 | -€63,885 | -31.8% |
| Equity | 10/15 | €29,956 | €36,482 | +€6,526 | +21.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,696 | €10,222 | +€6,526 | +177% |
| Amounts payable | 17/49 | €171,189 | €100,778 | -€70,410 | -41.1% |
| Amounts payable after more than one year | 17 | €32,993 | €18,806 | -€14,187 | -43.0% |
| Financial debts | 170/4 | €32,993 | €18,806 | -€14,187 | -43.0% |
| Amounts payable within one year | 42/48 | €138,195 | €81,972 | -€56,223 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €22,662 | €13,582 | -€9,079 | -40.1% |
| Financial debts | 43 | €46,787 | €36,697 | -€10,090 | -21.6% |
| Credit institutions | 430/8 | €46,787 | €36,697 | -€10,090 | -21.6% |
| Trade debts | 44 | €67,289 | €29,909 | -€37,381 | -55.6% |
| Suppliers | 440/4 | €67,289 | €29,909 | -€37,381 | -55.6% |
| Taxes, remuneration and social security | 45 | €1,458 | €1,785 | +€327 | +22.4% |
| Taxes | 450/3 | - | €1,785 | +€1,785 | |
| Remuneration and social security | 454/9 | €1,458 | - | -€1,458 | |
| Remuneration, social security and pensions | 62 | €55,181 | €33,631 | -€21,550 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,972 | €24,179 | +€208 | +0.9% |
| Other operating charges | 640/8 | €2,839 | €5,371 | +€2,532 | +89.2% |
| Gross operating margin | 9900 | €49,950 | €76,295 | +€26,344 | +52.7% |
| Operating profit (loss) | 9901 | -€32,041 | €13,114 | +€45,154 | |
| Financial income | 75/76B | €3,115 | €2,564 | -€551 | -17.7% |
| Recurring financial income | 75 | €3,115 | €2,564 | -€551 | -17.7% |
| Financial charges | 65/66B | €8,101 | €7,605 | -€497 | -6.1% |
| Recurring financial charges | 65 | €8,101 | €7,605 | -€497 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,027 | €8,073 | +€45,100 | |
| Income taxes | 67/77 | €138 | €1,534 | +€1,395 | +1,008% |
| Profit (loss) for the period | 9904 | -€37,166 | €6,540 | +€43,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,166 | €6,540 | +€43,705 |
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 19 October 2026 via checked.be.