DEPREZ: 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.
DEPREZ
Largest movements
- Tangible fixed assets +€45,519
up €45,519 (+9.0%), from €505,539 to €551,058
of which Furniture and vehicles: +€37,481
- Receivables within one year +€22,020
up €22,020 (+21.3%), from €103,277 to €125,297
of which Trade receivables: +€26,799
- Trade debts -€44,604
down €44,604 (-79.4%), from €56,175 to €11,572
- Debts after one year +€42,989
up €42,989 (+6.4%), from €672,615 to €715,604
of which Financial debts: +€26,400
- Reserves +€39,174
up €39,174 (+100.7%), from €38,899 to €78,073
of which Distributable reserves: +€29,583
- Current portion of long-term debt +€15,309
up €15,309 (+55.6%), from €27,546 to €42,855
- Gross operating margin +€44,832
up €44,832 (+44.8%), from €100,019 to €144,851
- Taxes +€13,466
up €13,466 (+1100.0%), from €1,224 to €14,690
- Financial charges -€10,949
down €10,949 (-25.7%), from €42,595 to €31,646
- Depreciation +€4,682
up €4,682 (+10.2%), from €46,090 to €50,772
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 | €1,073,278 | €1,129,504 | +€56,226 | +5.2% |
| Fixed assets | 21/28 | €517,208 | €561,085 | +€43,877 | +8.5% |
| Intangible fixed assets | 21 | €11,669 | €10,027 | -€1,642 | -14.1% |
| Tangible fixed assets | 22/27 | €505,539 | €551,058 | +€45,519 | +9.0% |
| Land and buildings | 22 | €396,623 | €392,045 | -€4,579 | -1.2% |
| Plant, machinery and equipment | 23 | €1,582 | €2,202 | +€621 | +39.2% |
| Furniture and vehicles | 24 | €107,334 | €144,816 | +€37,481 | +34.9% |
| Leasing and similar rights | 25 | - | €11,995 | +€11,995 | |
| Current assets | 29/58 | €556,070 | €568,419 | +€12,349 | +2.2% |
| Stocks and contracts in progress | 3 | €421,773 | €418,869 | -€2,904 | -0.7% |
| Stocks | 30/36 | €421,773 | €418,869 | -€2,904 | -0.7% |
| Amounts receivable within one year | 40/41 | €103,277 | €125,297 | +€22,020 | +21.3% |
| Trade receivables | 40 | €98,498 | €125,297 | +€26,799 | +27.2% |
| Other amounts receivable | 41 | €4,779 | - | -€4,779 | |
| Cash at bank and in hand | 54/58 | €13,870 | €13,376 | -€494 | -3.6% |
| Deferred charges and accrued income | 490/1 | €17,150 | €10,877 | -€6,274 | -36.6% |
| Total equity and liabilities | 10/49 | €1,073,278 | €1,129,504 | +€56,226 | +5.2% |
| Equity | 10/15 | €153,899 | €193,073 | +€39,174 | +25.5% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €38,899 | €78,073 | +€39,174 | +100.7% |
| Tax-exempt reserves | 132 | - | €9,591 | +€9,591 | |
| Distributable reserves | 133 | €38,899 | €68,481 | +€29,583 | +76.1% |
| Provisions and deferred taxes | 16 | - | €3,197 | +€3,197 | |
| Deferred taxes | 168 | - | €3,197 | +€3,197 | |
| Amounts payable | 17/49 | €919,379 | €933,234 | +€13,855 | +1.5% |
| Amounts payable after more than one year | 17 | €672,615 | €715,604 | +€42,989 | +6.4% |
| Financial debts | 170/4 | €320,692 | €347,091 | +€26,400 | +8.2% |
| Other amounts payable | 178/9 | €351,924 | €368,513 | +€16,590 | +4.7% |
| Amounts payable within one year | 42/48 | €221,126 | €195,710 | -€25,416 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €27,546 | €42,855 | +€15,309 | +55.6% |
| Financial debts | 43 | €131,000 | €136,000 | +€5,000 | +3.8% |
| Credit institutions | 430/8 | €131,000 | €136,000 | +€5,000 | +3.8% |
| Trade debts | 44 | €56,175 | €11,572 | -€44,604 | -79.4% |
| Suppliers | 440/4 | €56,175 | €11,572 | -€44,604 | -79.4% |
| Taxes, remuneration and social security | 45 | €6,405 | €5,283 | -€1,122 | -17.5% |
| Taxes | 450/3 | €6,405 | €5,283 | -€1,122 | -17.5% |
| Accrued charges and deferred income | 492/3 | €25,638 | €21,920 | -€3,719 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,090 | €50,772 | +€4,682 | +10.2% |
| Other operating charges | 640/8 | €5,579 | €5,373 | -€206 | -3.7% |
| Gross operating margin | 9900 | €100,019 | €144,851 | +€44,832 | +44.8% |
| Operating profit (loss) | 9901 | €48,350 | €88,706 | +€40,356 | +83.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +16100.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +16100.0% |
| Financial charges | 65/66B | €42,595 | €31,646 | -€10,949 | -25.7% |
| Recurring financial charges | 65 | €42,595 | €31,646 | -€10,949 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €5,755 | €57,062 | +€51,307 | +891.5% |
| Transfer from deferred taxes | 780 | - | €263 | +€263 | |
| Transfer to deferred taxes | 680 | - | €3,460 | +€3,460 | |
| Income taxes | 67/77 | €1,224 | €14,690 | +€13,466 | +1100.0% |
| Profit (loss) for the period | 9904 | €4,531 | €39,174 | +€34,643 | +764.6% |
| Transfer from tax-exempt reserves | 789 | - | €788 | +€788 | |
| Transfer to tax-exempt reserves | 689 | - | €10,379 | +€10,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,531 | €29,583 | +€25,052 | +552.9% |
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 9 October 2026 via checked.be.