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 +€728,342
up €728,342 (+25.7%), from €2.8m to €3.6m
of which Land and buildings: +€2.0m
- Cash -€278,923
down €278,923 (-66.7%), from €418,065 to €139,142
mainly Investment in fixed assets (net) (-€869,235) and Current investments (-€200,000)
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€61,180
down €61,180 (-30.7%), from €199,116 to €137,936
of which Trade receivables: -€104,875
- Debts after one year +€538,121
up €538,121 (+27.5%), from €2.0m to €2.5m
- Current portion of long-term debt -€116,101
down €116,101 (-40.3%), from €288,244 to €172,143
- Profit (loss) carried forward +€114,026
up €114,026 (+197%), from €58,011 to €172,038
- Depreciation +€49,638
up €49,638 (+46.1%), from €107,605 to €157,242
- Taxes -€28,215
down €28,215 (-100%), from €28,215 to €0
- Gross operating margin +€11,252
up €11,252 (+2.1%), from €539,711 to €550,962
- Financial income +€10,241
up €10,241 (+394%), from €2,596 to €12,838
of which Non-recurring financial income: +€10,184
- Staff costs +€10,064
up €10,064 (+5.8%), from €174,220 to €184,284
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 | €3,557,867 | €4,125,750 | +€567,882 | +16.0% |
| Fixed assets | 21/28 | €2,904,734 | €3,616,726 | +€711,992 | +24.5% |
| Intangible fixed assets | 21 | €65,401 | €49,051 | -€16,350 | -25.0% |
| Tangible fixed assets | 22/27 | €2,839,333 | €3,567,675 | +€728,342 | +25.7% |
| Land and buildings | 22 | €1,429,474 | €3,427,832 | +€2.0m | +140% |
| Plant, machinery and equipment | 23 | €26,237 | €79,176 | +€52,940 | +202% |
| Furniture and vehicles | 24 | €40,789 | €51,537 | +€10,748 | +26.3% |
| Other tangible fixed assets | 26 | €9,696 | €9,130 | -€565 | -5.8% |
| Assets under construction and advance payments | 27 | €1,333,137 | - | -€1.3m | |
| Current assets | 29/58 | €653,134 | €509,024 | -€144,110 | -22.1% |
| Stocks and contracts in progress | 3 | €32,201 | €31,161 | -€1,040 | -3.2% |
| Stocks | 30/36 | €32,201 | €31,161 | -€1,040 | -3.2% |
| Amounts receivable within one year | 40/41 | €199,116 | €137,936 | -€61,180 | -30.7% |
| Trade receivables | 40 | €186,203 | €81,328 | -€104,875 | -56.3% |
| Other amounts receivable | 41 | €12,913 | €56,608 | +€43,695 | +338% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €418,065 | €139,142 | -€278,923 | -66.7% |
| Deferred charges and accrued income | 490/1 | €3,752 | €785 | -€2,967 | -79.1% |
| Total equity and liabilities | 10/49 | €3,557,867 | €4,125,750 | +€567,882 | +16.0% |
| Equity | 10/15 | €702,671 | €816,697 | +€114,026 | +16.2% |
| Contributions | 10/11 | €13,048 | €13,048 | = | 0.0% |
| Reserves | 13 | €631,612 | €631,612 | = | 0.0% |
| Distributable reserves | 133 | €631,612 | €631,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,011 | €172,038 | +€114,026 | +197% |
| Amounts payable | 17/49 | €2,855,196 | €3,309,052 | +€453,856 | +15.9% |
| Amounts payable after more than one year | 17 | €1,959,844 | €2,497,965 | +€538,121 | +27.5% |
| Financial debts | 170/4 | €1,959,844 | €2,497,965 | +€538,121 | +27.5% |
| Amounts payable within one year | 42/48 | €883,524 | €810,659 | -€72,865 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €288,244 | €172,143 | -€116,101 | -40.3% |
| Trade debts | 44 | €106,317 | €133,112 | +€26,795 | +25.2% |
| Suppliers | 440/4 | €106,317 | €133,112 | +€26,795 | +25.2% |
| Advances received on contracts in progress | 46 | €214,658 | €250,287 | +€35,630 | +16.6% |
| Taxes, remuneration and social security | 45 | €41,146 | €18,058 | -€23,087 | -56.1% |
| Taxes | 450/3 | €19,666 | €453 | -€19,212 | -97.7% |
| Remuneration and social security | 454/9 | €21,480 | €17,605 | -€3,875 | -18.0% |
| Other amounts payable | 47/48 | €233,159 | €237,057 | +€3,898 | +1.7% |
| Accrued charges and deferred income | 492/3 | €11,829 | €429 | -€11,400 | -96.4% |
| Non-recurring operating income | 76A | €5,866 | €111,511 | +€105,645 | +1,801% |
| Remuneration, social security and pensions | 62 | €174,220 | €184,284 | +€10,064 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,605 | €157,242 | +€49,638 | +46.1% |
| Other operating charges | 640/8 | €19,019 | €20,666 | +€1,647 | +8.7% |
| Gross operating margin | 9900 | €539,711 | €550,962 | +€11,252 | +2.1% |
| Operating profit (loss) | 9901 | €238,867 | €188,770 | -€50,097 | -21.0% |
| Financial income | 75/76B | €2,596 | €12,838 | +€10,241 | +394% |
| Recurring financial income | 75 | €2,596 | €2,654 | +€57 | +2.2% |
| Non-recurring financial income | 76B | - | €10,184 | +€10,184 | |
| Financial charges | 65/66B | €81,884 | €87,581 | +€5,698 | +7.0% |
| Recurring financial charges | 65 | €81,884 | €87,581 | +€5,698 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €159,580 | €114,026 | -€45,554 | -28.5% |
| Income taxes | 67/77 | €28,215 | €0 | -€28,215 | -100% |
| Profit (loss) for the period | 9904 | €131,365 | €114,026 | -€17,339 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131,365 | €114,026 | -€17,339 | -13.2% |
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 24 October 2026 via checked.be.