DEPOOVER: 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.
DEPOOVER
Largest movements
- Tangible fixed assets +€595,214
up €595,214 (+65.9%), from €903,206 to €1.5m
of which Land and buildings: +€563,526
- Cash -€61,280
down €61,280 (-85.4%), from €71,773 to €10,493
mainly Investment in fixed assets (net) (-€777,612) and Receivables within one year (-€32,085)
- Receivables within one year +€32,085
up €32,085 (+34.2%), from €93,867 to €125,952
of which Other amounts receivable: +€22,047
- Debts after one year +€266,083
up €266,083 (+67.7%), from €393,011 to €659,094
- Trade debts +€166,021
up €166,021 (+340.6%), from €48,750 to €214,772
- Profit (loss) carried forward +€92,557
up €92,557 (+56.9%), from -€162,658 to -€70,101
- Short-term financial debts +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
- Accrued charges and deferred income +€22,979
up €22,979 (+161.9%), from €14,192 to €37,171
- Gross operating margin +€79,625
up €79,625 (+21.3%), from €373,909 to €453,534
- Depreciation -€44,905
down €44,905 (-19.8%), from €227,302 to €182,397
- Staff costs -€10,190
down €10,190 (-6.5%), from €157,918 to €147,728
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 | €1,077,686 | €1,635,734 | +€558,048 | +51.8% |
| Fixed assets | 21/28 | €903,236 | €1,498,450 | +€595,214 | +65.9% |
| Tangible fixed assets | 22/27 | €903,206 | €1,498,420 | +€595,214 | +65.9% |
| Land and buildings | 22 | - | €563,526 | +€563,526 | |
| Plant, machinery and equipment | 23 | €379,066 | €463,731 | +€84,666 | +22.3% |
| Furniture and vehicles | 24 | €408,315 | €373,142 | -€35,172 | -8.6% |
| Leasing and similar rights | 25 | €115,826 | €98,020 | -€17,805 | -15.4% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €174,450 | €137,283 | -€37,166 | -21.3% |
| Amounts receivable within one year | 40/41 | €93,867 | €125,952 | +€32,085 | +34.2% |
| Trade receivables | 40 | €87,285 | €97,323 | +€10,038 | +11.5% |
| Other amounts receivable | 41 | €6,581 | €28,629 | +€22,047 | +335.0% |
| Cash at bank and in hand | 54/58 | €71,773 | €10,493 | -€61,280 | -85.4% |
| Deferred charges and accrued income | 490/1 | €8,810 | €838 | -€7,971 | -90.5% |
| Total equity and liabilities | 10/49 | €1,077,686 | €1,635,734 | +€558,048 | +51.8% |
| Equity | 10/15 | €347,342 | €439,899 | +€92,557 | +26.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,658 | -€70,101 | +€92,557 | +56.9% |
| Amounts payable | 17/49 | €730,344 | €1,195,835 | +€465,491 | +63.7% |
| Amounts payable after more than one year | 17 | €393,011 | €659,094 | +€266,083 | +67.7% |
| Financial debts | 170/4 | €393,011 | €659,094 | +€266,083 | +67.7% |
| Amounts payable within one year | 42/48 | €323,141 | €499,570 | +€176,429 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €137,063 | €115,759 | -€21,304 | -15.5% |
| Financial debts | 43 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Credit institutions | 430/8 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Trade debts | 44 | €48,750 | €214,772 | +€166,021 | +340.6% |
| Suppliers | 440/4 | €48,750 | €214,772 | +€166,021 | +340.6% |
| Taxes, remuneration and social security | 45 | - | €8,471 | +€8,471 | |
| Taxes | 450/3 | - | €8,471 | +€8,471 | |
| Other amounts payable | 47/48 | €12,328 | €10,568 | -€1,759 | -14.3% |
| Accrued charges and deferred income | 492/3 | €14,192 | €37,171 | +€22,979 | +161.9% |
| Non-recurring operating income | 76A | €71,500 | €19,000 | -€52,500 | -73.4% |
| Remuneration, social security and pensions | 62 | €157,918 | €147,728 | -€10,190 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,302 | €182,397 | -€44,905 | -19.8% |
| Other operating charges | 640/8 | €7,657 | €9,912 | +€2,255 | +29.4% |
| Non-recurring operating charges | 66A | €1,135 | €0 | -€1,135 | -100.0% |
| Gross operating margin | 9900 | €373,909 | €453,534 | +€79,625 | +21.3% |
| Operating profit (loss) | 9901 | -€20,102 | €113,497 | +€133,599 | |
| Financial income | 75/76B | €154 | €0 | -€154 | -100.0% |
| Recurring financial income | 75 | €154 | €0 | -€154 | -100.0% |
| Financial charges | 65/66B | €20,578 | €20,940 | +€363 | +1.8% |
| Recurring financial charges | 65 | €20,578 | €20,940 | +€363 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€40,526 | €92,557 | +€133,082 | |
| Profit (loss) for the period | 9904 | -€40,526 | €92,557 | +€133,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,526 | €92,557 | +€133,082 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.