DEPICO: 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.
What changed
DEPICO
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32,238
2024 · €99,525-€67,287
Equity
€18,600
2024 · €102,388-€83,788
Cash
€325,451
2024 · €347,486-€22,034
Balance sheet total
€849,061
2024 · €1.0m-€153,373
Largest movements
Assets
- Tangible fixed assets -€88,943
down €88,943 (-17.6%), from €506,705 to €417,762
of which Other tangible fixed assets: -€84,750
- Receivables within one year -€44,210
down €44,210 (-41.2%), from €107,276 to €63,066
of which Trade receivables: -€54,595
- Cash -€22,034
down €22,034 (-6.3%), from €347,486 to €325,451
mainly Contributions, distributions and other (-€116,026) and Debts after one year (-€76,704)
Equity and liabilities
- Reserves -€83,788
down €83,788 (-100.0%), from €83,788 to €0
- Debts after one year -€76,704
down €76,704 (-34.9%), from €219,875 to €143,171
- Other debts +€15,616
up €15,616 (+15.5%), from €100,625 to €116,240
- Trade debts -€15,468
down €15,468 (-4.1%), from €378,098 to €362,630
Income statement
- Turnover +€5.1m
new in 2025: €5.1m
- Services and other goods +€2.3m
new in 2025: €2.3m
- Goods and materials +€1.4m
new in 2025: €1.4m
of which Purchases: +€1.4m
- Gross operating margin -€1.3m
no longer reported in 2025 (was €1.3m)
- Staff costs +€86,438
up €86,438 (+8.8%), from €981,071 to €1.1m
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.
Result 2024
€99,525
Turnover
+€5.1m
Other operating income
+€37,193
Goods and materials
-€1.4m
Services and other goods
-€2.3m
Staff costs
-€86,438
Depreciation
+€1,496
Other operating charges
+€6,469
Other operating items
-€1.3m
Financial income
+€2
Financial charges
-€1,088
Taxes
+€23,409
Result 2025
€32,238
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.
From operations
+€223,832
Investment
-€51,380
Financing
-€194,486
Cash 2024
€347,486
From operations (derived)
+€223,832
Net result for the year
+€32,238
Depreciation
+€140,323
Stocks and contracts
-€5,150
Receivables within one year
+€44,210
Deferred charges and accrued income
+€3,335
Trade debts
-€15,468
Tax, wage and social debts
+€3,921
Other debts
+€15,616
Accrued charges and deferred income
+€4,807
Investment (derived)
-€51,380
Investment in fixed assets (net)
-€51,380
Financing
-€194,486
Debts after one year
-€76,704
Current portion of long-term debt
-€1,295
Short-term financial debts
-€462
Contributions, distributions and other
-€116,026
Cash 2025
€325,451
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,434 | €849,061 | -€153,373 | -15.3% |
| Fixed assets | 21/28 | €507,261 | €418,318 | -€88,943 | -17.5% |
| Tangible fixed assets | 22/27 | €506,705 | €417,762 | -€88,943 | -17.6% |
| Land and buildings | 22 | €396 | €0 | -€396 | -100.0% |
| Plant, machinery and equipment | 23 | €101,287 | €96,332 | -€4,955 | -4.9% |
| Furniture and vehicles | 24 | €456 | €1,614 | +€1,158 | +253.8% |
| Other tangible fixed assets | 26 | €404,566 | €319,816 | -€84,750 | -20.9% |
| Financial fixed assets | 28 | €556 | €556 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €556 | +€556 | |
| Amounts receivable and cash guarantees | 285/8 | - | €556 | +€556 | |
| Current assets | 29/58 | €495,173 | €430,743 | -€64,430 | -13.0% |
| Stocks and contracts in progress | 3 | €16,226 | €21,376 | +€5,150 | +31.7% |
| Stocks | 30/36 | €16,226 | €21,376 | +€5,150 | +31.7% |
| Goods purchased for resale | 34 | - | €21,376 | +€21,376 | |
| Amounts receivable within one year | 40/41 | €107,276 | €63,066 | -€44,210 | -41.2% |
| Trade receivables | 40 | €82,669 | €28,074 | -€54,595 | -66.0% |
| Other amounts receivable | 41 | €24,607 | €34,993 | +€10,385 | +42.2% |
| Cash at bank and in hand | 54/58 | €347,486 | €325,451 | -€22,034 | -6.3% |
| Deferred charges and accrued income | 490/1 | €24,185 | €20,850 | -€3,335 | -13.8% |
| Total equity and liabilities | 10/49 | €1,002,434 | €849,061 | -€153,373 | -15.3% |
| Equity | 10/15 | €102,388 | €18,600 | -€83,788 | -81.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,788 | €0 | -€83,788 | -100.0% |
| Distributable reserves | 133 | €83,788 | €0 | -€83,788 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €900,046 | €830,461 | -€69,585 | -7.7% |
| Amounts payable after more than one year | 17 | €219,875 | €143,171 | -€76,704 | -34.9% |
| Financial debts | 170/4 | €219,875 | €143,171 | -€76,704 | -34.9% |
| Credit institutions | 173 | - | €143,171 | +€143,171 | |
| Amounts payable within one year | 42/48 | €671,252 | €673,565 | +€2,313 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €98,612 | €97,317 | -€1,295 | -1.3% |
| Financial debts | 43 | €462 | €0 | -€462 | -100.0% |
| Other loans | 439 | €462 | €0 | -€462 | -100.0% |
| Trade debts | 44 | €378,098 | €362,630 | -€15,468 | -4.1% |
| Suppliers | 440/4 | €378,098 | €362,630 | -€15,468 | -4.1% |
| Taxes, remuneration and social security | 45 | €93,456 | €97,377 | +€3,921 | +4.2% |
| Taxes | 450/3 | €162 | €0 | -€162 | -100.0% |
| Remuneration and social security | 454/9 | €93,294 | €97,377 | +€4,084 | +4.4% |
| Other amounts payable | 47/48 | €100,625 | €116,240 | +€15,616 | +15.5% |
| Accrued charges and deferred income | 492/3 | €8,919 | €13,725 | +€4,807 | +53.9% |
| Operating income | 70/76A | - | €5,098,302 | +€5.1m | |
| Turnover | 70 | - | €5,061,109 | +€5.1m | |
| Other operating income | 74 | - | €37,193 | +€37,193 | |
| Non-recurring operating income | 76A | €4,525 | €0 | -€4,525 | -100.0% |
| Operating charges | 60/66A | - | €5,010,038 | +€5.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,428,568 | +€1.4m | |
| Purchases | 600/8 | - | €1,433,717 | +€1.4m | |
| Change in stocks: decrease (increase) | 609 | - | -€5,150 | -€5,150 | |
| Services and other goods | 61 | - | €2,335,356 | +€2.3m | |
| Remuneration, social security and pensions | 62 | €981,071 | €1,067,508 | +€86,438 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,819 | €140,323 | -€1,496 | -1.1% |
| Other operating charges | 640/8 | €44,724 | €38,256 | -€6,469 | -14.5% |
| Non-recurring operating charges | 66A | €0 | €28 | +€28 | |
| Gross operating margin | 9900 | €1,345,487 | - | -€1.3m | |
| Operating profit (loss) | 9901 | €177,873 | €88,264 | -€89,610 | -50.4% |
| Financial income | 75/76B | €1 | €2 | +€2 | +316.0% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +316.0% |
| Other financial income | 752/9 | - | €2 | +€2 | |
| Financial charges | 65/66B | €39,670 | €40,759 | +€1,088 | +2.7% |
| Recurring financial charges | 65 | €39,670 | €40,759 | +€1,088 | +2.7% |
| Debt charges | 650 | - | €14,092 | +€14,092 | |
| Other financial charges | 652/9 | - | €26,667 | +€26,667 | |
| Profit (loss) for the period before taxes | 9903 | €138,203 | €47,507 | -€90,696 | -65.6% |
| Income taxes | 67/77 | €38,678 | €15,269 | -€23,409 | -60.5% |
| Taxes | 670/3 | - | €15,269 | +€15,269 | |
| Profit (loss) for the period | 9904 | €99,525 | €32,238 | -€67,287 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,525 | €32,238 | -€67,287 | -67.6% |
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 9 October 2026 via checked.be.