DEPOORTER: 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.
DEPOORTER
Largest movements
- Tangible fixed assets -€229,051
down €229,051 (-44.1%), from €519,857 to €290,805
of which Land and buildings: -€221,349
- Receivables within one year +€207,253
up €207,253 (+243%), from €85,248 to €292,501
of which Other amounts receivable: +€193,890
- Cash +€30,145
up €30,145 (+98.6%), from €30,581 to €60,726
mainly Investment in fixed assets (net) (+€212,266) and Net result for the year (+€48,338)
- Deferred charges and accrued income -€10,963
down €10,963 (-60.5%), from €18,119 to €7,156
- Tax, wage and social debts +€14,289
up €14,289 (+143%), from €9,996 to €24,286
- Reserves -€13,155
down €13,155 (-4.1%), from €320,515 to €307,360
- Gross operating margin +€36,214
up €36,214 (+71.1%), from €50,936 to €87,150
- Taxes +€13,048
up €13,048 (+260%), from €5,020 to €18,068
- Depreciation -€6,769
down €6,769 (-28.7%), from €23,554 to €16,785
- Other operating charges +€3,007
up €3,007 (+950%), from €316 to €3,323
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 | €711,805 | €709,189 | -€2,616 | -0.4% |
| Fixed assets | 21/28 | €519,857 | €290,805 | -€229,051 | -44.1% |
| Tangible fixed assets | 22/27 | €519,857 | €290,805 | -€229,051 | -44.1% |
| Land and buildings | 22 | €468,777 | €247,427 | -€221,349 | -47.2% |
| Plant, machinery and equipment | 23 | €33,975 | €29,476 | -€4,499 | -13.2% |
| Furniture and vehicles | 24 | €10,358 | €8,274 | -€2,084 | -20.1% |
| Other tangible fixed assets | 26 | €6,746 | €5,628 | -€1,118 | -16.6% |
| Current assets | 29/58 | €191,948 | €418,383 | +€226,435 | +118% |
| Amounts receivable after more than one year | 29 | €58,000 | €58,000 | = | 0.0% |
| Other amounts receivable | 291 | €58,000 | €58,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,248 | €292,501 | +€207,253 | +243% |
| Trade receivables | 40 | €24,935 | €38,299 | +€13,364 | +53.6% |
| Other amounts receivable | 41 | €60,312 | €254,202 | +€193,890 | +321% |
| Cash at bank and in hand | 54/58 | €30,581 | €60,726 | +€30,145 | +98.6% |
| Deferred charges and accrued income | 490/1 | €18,119 | €7,156 | -€10,963 | -60.5% |
| Total equity and liabilities | 10/49 | €711,805 | €709,189 | -€2,616 | -0.4% |
| Equity | 10/15 | €696,753 | €683,637 | -€13,116 | -1.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €320,515 | €307,360 | -€13,155 | -4.1% |
| Distributable reserves | 133 | €320,515 | €307,360 | -€13,155 | -4.1% |
| Profit (loss) carried forward | 14 | €369,989 | €370,027 | +€38 | 0.0% |
| Amounts payable | 17/49 | €15,052 | €25,552 | +€10,500 | +69.8% |
| Amounts payable within one year | 42/48 | €15,052 | €25,552 | +€10,500 | +69.8% |
| Trade debts | 44 | €5,055 | €1,266 | -€3,789 | -74.9% |
| Suppliers | 440/4 | €5,055 | €1,266 | -€3,789 | -74.9% |
| Taxes, remuneration and social security | 45 | €9,996 | €24,286 | +€14,289 | +143% |
| Taxes | 450/3 | €9,996 | €24,286 | +€14,289 | +143% |
| Non-recurring operating income | 76A | - | €33,254 | +€33,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,554 | €16,785 | -€6,769 | -28.7% |
| Other operating charges | 640/8 | €316 | €3,323 | +€3,007 | +950% |
| Non-recurring operating charges | 66A | €876 | - | -€876 | |
| Gross operating margin | 9900 | €50,936 | €87,150 | +€36,214 | +71.1% |
| Operating profit (loss) | 9901 | €26,189 | €67,042 | +€40,853 | +156% |
| Financial income | 75/76B | €198 | €570 | +€372 | +187% |
| Recurring financial income | 75 | €198 | €570 | +€372 | +187% |
| Financial charges | 65/66B | €1,166 | €1,206 | +€41 | +3.5% |
| Recurring financial charges | 65 | €1,166 | €1,206 | +€41 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €25,222 | €66,406 | +€41,184 | +163% |
| Income taxes | 67/77 | €5,020 | €18,068 | +€13,048 | +260% |
| Profit (loss) for the period | 9904 | €20,202 | €48,338 | +€28,136 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €20,202 | €48,338 | +€28,136 | +139% |
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 1 November 2026 via checked.be.