DEPFINANCE: 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.
DEPFINANCE
Largest movements
- Tangible fixed assets +€96,814
up €96,814 (+22.1%), from €438,338 to €535,152
- Cash -€24,792
down €24,792 (-66.5%), from €37,286 to €12,494
mainly Investment in fixed assets (net) (-€115,635) and Net result for the year (-€27,935)
- Debts after one year +€139,744
up €139,744 (+725.0%), from €19,274 to €159,018
- Profit (loss) carried forward -€22,158
down €22,158 (-68.9%), from -€32,173 to -€54,331
- Trade debts -€21,312
down €21,312 (-99.4%), from €21,432 to €120
- Tax, wage and social debts -€10,757
down €10,757 (-76.7%), from €14,025 to €3,268
- Other debts -€7,565
down €7,565 (-90.1%), from €8,399 to €835
- Gross operating margin -€13,418
down €13,418, from €6,494 to -€6,924
- Depreciation +€11,487
up €11,487 (+156.6%), from €7,334 to €18,821
- Financial income -€920
down €920 (-22.1%), from €4,153 to €3,234
- Financial charges -€616
down €616 (-40.5%), from €1,521 to €906
- Other operating charges +€198
up €198 (+3.0%), from €6,569 to €6,767
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 | €492,290 | €562,216 | +€69,926 | +14.2% |
| Fixed assets | 21/28 | €438,338 | €535,152 | +€96,814 | +22.1% |
| Tangible fixed assets | 22/27 | €438,338 | €535,152 | +€96,814 | +22.1% |
| Land and buildings | 22 | €438,338 | €535,152 | +€96,814 | +22.1% |
| Current assets | 29/58 | €53,952 | €27,064 | -€26,888 | -49.8% |
| Amounts receivable within one year | 40/41 | €15,687 | €13,645 | -€2,042 | -13.0% |
| Trade receivables | 40 | €366 | €228 | -€137 | -37.6% |
| Other amounts receivable | 41 | €15,321 | €13,417 | -€1,904 | -12.4% |
| Cash at bank and in hand | 54/58 | €37,286 | €12,494 | -€24,792 | -66.5% |
| Deferred charges and accrued income | 490/1 | €978 | €924 | -€54 | -5.5% |
| Total equity and liabilities | 10/49 | €492,290 | €562,216 | +€69,926 | +14.2% |
| Equity | 10/15 | €359,656 | €331,721 | -€27,935 | -7.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €373,237 | €367,460 | -€5,776 | -1.5% |
| Tax-exempt reserves | 132 | €178,731 | €172,955 | -€5,776 | -3.2% |
| Distributable reserves | 133 | €194,505 | €194,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,173 | -€54,331 | -€22,158 | -68.9% |
| Provisions and deferred taxes | 16 | €69,503 | €67,254 | -€2,249 | -3.2% |
| Deferred taxes | 168 | €69,503 | €67,254 | -€2,249 | -3.2% |
| Amounts payable | 17/49 | €63,131 | €163,241 | +€100,110 | +158.6% |
| Amounts payable after more than one year | 17 | €19,274 | €159,018 | +€139,744 | +725.0% |
| Financial debts | 170/4 | €19,274 | €159,018 | +€139,744 | +725.0% |
| Amounts payable within one year | 42/48 | €43,857 | €4,223 | -€39,634 | -90.4% |
| Trade debts | 44 | €21,432 | €120 | -€21,312 | -99.4% |
| Suppliers | 440/4 | €21,432 | €120 | -€21,312 | -99.4% |
| Taxes, remuneration and social security | 45 | €14,025 | €3,268 | -€10,757 | -76.7% |
| Taxes | 450/3 | €14,025 | €3,268 | -€10,757 | -76.7% |
| Other amounts payable | 47/48 | €8,399 | €835 | -€7,565 | -90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,334 | €18,821 | +€11,487 | +156.6% |
| Other operating charges | 640/8 | €6,569 | €6,767 | +€198 | +3.0% |
| Gross operating margin | 9900 | €6,494 | -€6,924 | -€13,418 | |
| Operating profit (loss) | 9901 | -€7,409 | -€32,512 | -€25,103 | -338.8% |
| Financial income | 75/76B | €4,153 | €3,234 | -€920 | -22.1% |
| Recurring financial income | 75 | €4,153 | €3,234 | -€920 | -22.1% |
| Financial charges | 65/66B | €1,521 | €906 | -€616 | -40.5% |
| Recurring financial charges | 65 | €1,521 | €906 | -€616 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,776 | -€30,184 | -€25,407 | -531.9% |
| Transfer from deferred taxes | 780 | €1,789 | €2,249 | +€460 | +25.7% |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | -€3,123 | -€27,935 | -€24,811 | -794.5% |
| Transfer from tax-exempt reserves | 789 | €4,485 | €5,776 | +€1,291 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,362 | -€22,158 | -€23,520 |
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 2 October 2026 via checked.be.