DEPOLIM: 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
DEPOLIM
NACE 46.713, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€289,805
2024 · -€172,979+€462,784
Equity
€393,914
2024 · €104,110+€289,805
Cash
€48,319
2024 · €19,052+€29,267
Balance sheet total
€3.1m
2024 · €2.7m+€384,258
Largest movements
Assets
- Stocks and contracts +€370,150
up €370,150 (+19.0%), from €1.9m to €2.3m
- Tangible fixed assets -€43,996
down €43,996 (-8.6%), from €511,142 to €467,145
of which Furniture and vehicles: -€37,841
Equity and liabilities
- Reserves +€289,805
up €289,805 (+354.3%), from €81,790 to €371,594
- Debts after one year +€177,425
up €177,425 (+14.6%), from €1.2m to €1.4m
- Advances received -€74,721
down €74,721 (-54.9%), from €136,217 to €61,496
- Trade debts +€64,149
up €64,149 (+10.3%), from €620,060 to €684,209
- Accrued charges and deferred income -€55,321
down €55,321 (-90.2%), from €61,340 to €6,020
Income statement
- Gross operating margin +€538,893
up €538,893 (+236.8%), from €227,571 to €766,465
- Taxes +€45,610
up €45,610 (+12289.1%), from €371 to €45,981
- Financial charges +€27,233
up €27,233 (+36.8%), from €74,019 to €101,252
- Other operating charges +€21,357
up €21,357 (+420.8%), from €5,076 to €26,433
- Financial income +€18,906
up €18,906 (+50.8%), from €37,253 to €56,159
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
-€172,979
Gross operating margin
+€538,893
Staff costs
+€13,349
Depreciation
-€8,434
Write-downs
-€3,355
Other operating charges
-€21,357
Other operating items
-€2,376
Financial income
+€18,906
Financial charges
-€27,233
Taxes
-€45,610
Result 2025
€289,805
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
-€141,956
Investment
-€37,274
Financing
+€208,497
Cash 2024
€19,052
From operations (derived)
-€141,956
Net result for the year
+€289,805
Depreciation
+€84,436
Stocks and contracts
-€370,150
Receivables within one year
-€13,836
Deferred charges and accrued income
-€18,167
Trade debts
+€64,149
Tax, wage and social debts
-€20,484
Advances received
-€74,721
Other debts
-€27,667
Accrued charges and deferred income
-€55,321
Investment (derived)
-€37,274
Investment in fixed assets (net)
-€37,274
Financing
+€208,497
Debts after one year
+€177,425
Current portion of long-term debt
+€49,933
Short-term financial debts
-€18,860
Cash 2025
€48,319
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,682,208 | €3,066,466 | +€384,258 | +14.3% |
| Fixed assets | 21/28 | €523,513 | €476,351 | -€47,162 | -9.0% |
| Intangible fixed assets | 21 | €11,872 | €8,706 | -€3,166 | -26.7% |
| Tangible fixed assets | 22/27 | €511,142 | €467,145 | -€43,996 | -8.6% |
| Plant, machinery and equipment | 23 | €14,508 | €8,353 | -€6,155 | -42.4% |
| Furniture and vehicles | 24 | €496,634 | €458,793 | -€37,841 | -7.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,158,694 | €2,590,115 | +€431,420 | +20.0% |
| Stocks and contracts in progress | 3 | €1,944,254 | €2,314,404 | +€370,150 | +19.0% |
| Stocks | 30/36 | €1,944,254 | €2,314,404 | +€370,150 | +19.0% |
| Amounts receivable within one year | 40/41 | €178,191 | €192,027 | +€13,836 | +7.8% |
| Trade receivables | 40 | €40,686 | €116,823 | +€76,137 | +187.1% |
| Other amounts receivable | 41 | €137,505 | €75,203 | -€62,302 | -45.3% |
| Cash at bank and in hand | 54/58 | €19,052 | €48,319 | +€29,267 | +153.6% |
| Deferred charges and accrued income | 490/1 | €17,198 | €35,365 | +€18,167 | +105.6% |
| Total equity and liabilities | 10/49 | €2,682,208 | €3,066,466 | +€384,258 | +14.3% |
| Equity | 10/15 | €104,110 | €393,914 | +€289,805 | +278.4% |
| Contributions | 10/11 | €22,320 | €22,320 | = | 0.0% |
| Reserves | 13 | €81,790 | €371,594 | +€289,805 | +354.3% |
| Distributable reserves | 133 | €81,790 | €371,594 | +€289,805 | +354.3% |
| Amounts payable | 17/49 | €2,578,098 | €2,672,551 | +€94,453 | +3.7% |
| Amounts payable after more than one year | 17 | €1,212,047 | €1,389,472 | +€177,425 | +14.6% |
| Financial debts | 170/4 | €1,212,047 | €1,389,472 | +€177,425 | +14.6% |
| Amounts payable within one year | 42/48 | €1,304,710 | €1,277,060 | -€27,650 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €28,105 | €78,038 | +€49,933 | +177.7% |
| Financial debts | 43 | €218,860 | €200,000 | -€18,860 | -8.6% |
| Credit institutions | 430/8 | €218,860 | €200,000 | -€18,860 | -8.6% |
| Trade debts | 44 | €620,060 | €684,209 | +€64,149 | +10.3% |
| Suppliers | 440/4 | €620,060 | €684,209 | +€64,149 | +10.3% |
| Advances received on contracts in progress | 46 | €136,217 | €61,496 | -€74,721 | -54.9% |
| Taxes, remuneration and social security | 45 | €83,358 | €62,873 | -€20,484 | -24.6% |
| Taxes | 450/3 | €42,686 | €42,604 | -€82 | -0.2% |
| Remuneration and social security | 454/9 | €40,672 | €20,269 | -€20,403 | -50.2% |
| Other amounts payable | 47/48 | €218,110 | €190,443 | -€27,667 | -12.7% |
| Accrued charges and deferred income | 492/3 | €61,340 | €6,020 | -€55,321 | -90.2% |
| Non-recurring operating income | 76A | €7,138 | €0 | -€7,138 | -100.0% |
| Remuneration, social security and pensions | 62 | €282,190 | €268,841 | -€13,349 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,002 | €84,436 | +€8,434 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,355 | €0 | +€3,355 | |
| Other operating charges | 640/8 | €5,076 | €26,433 | +€21,357 | +420.8% |
| Non-recurring operating charges | 66A | €3,500 | €5,876 | +€2,376 | +67.9% |
| Gross operating margin | 9900 | €227,571 | €766,465 | +€538,893 | +236.8% |
| Operating profit (loss) | 9901 | -€135,841 | €380,879 | +€516,720 | |
| Financial income | 75/76B | €37,253 | €56,159 | +€18,906 | +50.8% |
| Recurring financial income | 75 | €37,253 | €56,159 | +€18,906 | +50.8% |
| Financial charges | 65/66B | €74,019 | €101,252 | +€27,233 | +36.8% |
| Recurring financial charges | 65 | €74,019 | €101,252 | +€27,233 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | -€172,608 | €335,786 | +€508,394 | |
| Income taxes | 67/77 | €371 | €45,981 | +€45,610 | +12289.1% |
| Profit (loss) for the period | 9904 | -€172,979 | €289,805 | +€462,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,979 | €289,805 | +€462,784 |
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.