DEPREZ CONSTRUCT: 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
DEPREZ CONSTRUCT
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €2.9m-€1.8m
Equity
€3.6m
2024 · €12.3m-€8.7m
Cash
€12.7m
2024 · €9.9m+€2.8m
Balance sheet total
€21.2m
2024 · €25.4m-€4.3m
Largest movements
Assets
- Tangible fixed assets -€7.9m
down €7.9m (-90.0%), from €8.8m to €879,507
of which Land and buildings: -€7.5m
- Cash +€2.8m
up €2.8m (+28.3%), from €9.9m to €12.7m
mainly Investment in fixed assets (net) (+€6.9m) and Advances received (+€5.9m)
- Intangible fixed assets +€521,553
up €521,553 (+241.6%), from €215,836 to €737,389
- Receivables within one year +€452,007
up €452,007 (+15.6%), from €2.9m to €3.3m
of which Trade receivables: +€285,648
Equity and liabilities
- Reserves -€8.8m
down €8.8m (-74.1%), from €11.8m to €3.1m
of which Distributable reserves: -€7.6m
- Advances received +€5.9m
up €5.9m (+477.1%), from €1.2m to €7.1m
- Debts after one year -€782,884
down €782,884 (-12.7%), from €6.2m to €5.4m
- Trade debts -€780,042
down €780,042 (-23.8%), from €3.3m to €2.5m
- Other debts +€338,520
up €338,520 (+142.5%), from €237,500 to €576,020
Income statement
- Turnover -€2.1m
down €2.1m (-9.5%), from €22.5m to €20.3m
- Goods and materials -€1.3m
down €1.3m (-11.1%), from €11.6m to €10.3m
of which Purchases: -€1.5m
- Services and other goods +€1.0m
up €1.0m (+47.3%), from €2.1m to €3.1m
- Staff costs +€733,414
up €733,414 (+15.2%), from €4.8m to €5.6m
- Taxes -€594,622
down €594,622 (-60.2%), from €988,194 to €393,572
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
€2.9m
Turnover
-€2.1m
Other operating income
-€286,000
Goods and materials
+€1.3m
Services and other goods
-€1.0m
Staff costs
-€733,414
Depreciation
+€497,576
Write-downs
-€39,489
Other operating charges
+€46,187
Other operating items
+€19,902
Financial income
-€1,882
Financial charges
-€32,447
Taxes
+€594,622
Deferred taxes and other
-€21,892
Result 2025
€1.1m
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
+€6.5m
Investment
+€6.9m
Financing
-€10.6m
Cash 2024
€9.9m
From operations (derived)
+€6.5m
Net result for the year
+€1.1m
Depreciation
+€485,348
Receivables after one year
-€86,494
Stocks and contracts
+€201,564
Receivables within one year
-€452,007
Smaller working-capital items
-€19,304
Provisions
-€286,118
Trade debts
-€780,042
Tax, wage and social debts
+€104,008
Advances received
+€5.9m
Other debts
+€338,520
Investment (derived)
+€6.9m
Investment in fixed assets (net)
+€6.9m
Financing
-€10.6m
Debts after one year
-€782,884
Current portion of long-term debt
-€77,992
Contributions, distributions and other
-€9.8m
Cash 2025
€12.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,415,577 | €21,151,008 | -€4.3m | -16.8% |
| Fixed assets | 21/28 | €9,043,333 | €1,618,345 | -€7.4m | -82.1% |
| Intangible fixed assets | 21 | €215,836 | €737,389 | +€521,553 | +241.6% |
| Tangible fixed assets | 22/27 | €8,826,048 | €879,507 | -€7.9m | -90.0% |
| Land and buildings | 22 | €7,502,251 | - | -€7.5m | |
| Plant, machinery and equipment | 23 | €1,001,731 | €528,512 | -€473,219 | -47.2% |
| Furniture and vehicles | 24 | €243,742 | €284,895 | +€41,153 | +16.9% |
| Leasing and similar rights | 25 | €78,324 | - | -€78,324 | |
| Assets under construction and advance payments | 27 | - | €66,100 | +€66,100 | |
| Financial fixed assets | 28 | €1,449 | €1,449 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,449 | €1,449 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,449 | €1,449 | = | 0.0% |
| Current assets | 29/58 | €16,372,244 | €19,532,663 | +€3.2m | +19.3% |
| Amounts receivable after more than one year | 29 | - | €86,494 | +€86,494 | |
| Other amounts receivable | 291 | - | €86,494 | +€86,494 | |
| Stocks and contracts in progress | 3 | €3,392,800 | €3,191,236 | -€201,564 | -5.9% |
| Stocks | 30/36 | €2,716,947 | €2,714,046 | -€2,901 | -0.1% |
| Raw materials and consumables | 30/31 | €2,716,947 | €2,714,046 | -€2,901 | -0.1% |
| Contracts in progress | 37 | €675,853 | €477,190 | -€198,663 | -29.4% |
| Amounts receivable within one year | 40/41 | €2,897,813 | €3,349,820 | +€452,007 | +15.6% |
| Trade receivables | 40 | €2,275,203 | €2,560,851 | +€285,648 | +12.6% |
| Other amounts receivable | 41 | €622,610 | €788,969 | +€166,359 | +26.7% |
| Cash at bank and in hand | 54/58 | €9,929,341 | €12,743,642 | +€2.8m | +28.3% |
| Deferred charges and accrued income | 490/1 | €152,290 | €161,471 | +€9,181 | +6.0% |
| Total equity and liabilities | 10/49 | €25,415,577 | €21,151,008 | -€4.3m | -16.8% |
| Equity | 10/15 | €12,284,058 | €3,625,425 | -€8.7m | -70.5% |
| Contributions | 10/11 | €125,000 | €61,500 | -€63,500 | -50.8% |
| Capital | 10 | €125,000 | €61,500 | -€63,500 | -50.8% |
| Issued capital | 100 | €125,000 | €61,500 | -€63,500 | -50.8% |
| Reserves | 13 | €11,817,059 | €3,063,702 | -€8.8m | -74.1% |
| Non-distributable reserves | 130/1 | €12,500 | €6,150 | -€6,350 | -50.8% |
| Legal reserve | 130 | €12,500 | €6,150 | -€6,350 | -50.8% |
| Tax-exempt reserves | 132 | €1,716,854 | €531,309 | -€1.2m | -69.1% |
| Distributable reserves | 133 | €10,087,704 | €2,526,243 | -€7.6m | -75.0% |
| Profit (loss) carried forward | 14 | €911 | €236 | -€675 | -74.1% |
| Investment grants | 15 | €341,088 | €499,987 | +€158,899 | +46.6% |
| Provisions and deferred taxes | 16 | €286,118 | - | -€286,118 | |
| Deferred taxes | 168 | €286,118 | - | -€286,118 | |
| Amounts payable | 17/49 | €12,845,401 | €17,525,583 | +€4.7m | +36.4% |
| Amounts payable after more than one year | 17 | €6,185,560 | €5,402,676 | -€782,884 | -12.7% |
| Financial debts | 170/4 | €6,185,560 | €5,402,676 | -€782,884 | -12.7% |
| Credit institutions | 173 | €6,185,560 | €5,402,676 | -€782,884 | -12.7% |
| Amounts payable within one year | 42/48 | €6,598,124 | €12,071,314 | +€5.5m | +83.0% |
| Current portion of amounts payable after more than one year | 42 | €860,876 | €782,884 | -€77,992 | -9.1% |
| Trade debts | 44 | €3,277,340 | €2,497,298 | -€780,042 | -23.8% |
| Suppliers | 440/4 | €3,277,340 | €2,497,298 | -€780,042 | -23.8% |
| Advances received on contracts in progress | 46 | €1,234,244 | €7,122,940 | +€5.9m | +477.1% |
| Taxes, remuneration and social security | 45 | €988,164 | €1,092,172 | +€104,008 | +10.5% |
| Taxes | 450/3 | €38,401 | €58,261 | +€19,860 | +51.7% |
| Remuneration and social security | 454/9 | €949,763 | €1,033,911 | +€84,148 | +8.9% |
| Other amounts payable | 47/48 | €237,500 | €576,020 | +€338,520 | +142.5% |
| Accrued charges and deferred income | 492/3 | €61,716 | €51,593 | -€10,123 | -16.4% |
| Operating income | 70/76A | €23,270,287 | €20,876,555 | -€2.4m | -10.3% |
| Turnover | 70 | €22,453,909 | €20,326,275 | -€2.1m | -9.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €378,578 | -€198,663 | -€577,241 | |
| Own construction capitalised | 72 | - | €591,241 | +€591,241 | |
| Other operating income | 74 | €433,751 | €147,751 | -€286,000 | -65.9% |
| Non-recurring operating income | 76A | €4,049 | €9,951 | +€5,902 | +145.8% |
| Operating charges | 60/66A | €19,540,822 | €19,496,608 | -€44,214 | -0.2% |
| Goods for resale, raw materials and consumables | 60 | €11,558,598 | €10,281,128 | -€1.3m | -11.1% |
| Purchases | 600/8 | €11,743,699 | €10,281,034 | -€1.5m | -12.5% |
| Change in stocks: decrease (increase) | 609 | -€185,101 | €94 | +€185,195 | |
| Services and other goods | 61 | €2,122,660 | €3,126,775 | +€1.0m | +47.3% |
| Remuneration, social security and pensions | 62 | €4,837,017 | €5,570,431 | +€733,414 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €982,924 | €485,348 | -€497,576 | -50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€36,682 | €2,807 | +€39,489 | |
| Other operating charges | 640/8 | €76,306 | €30,119 | -€46,187 | -60.5% |
| Operating profit (loss) | 9901 | €3,729,465 | €1,379,947 | -€2.3m | -63.0% |
| Financial income | 75/76B | €250,786 | €248,904 | -€1,882 | -0.8% |
| Recurring financial income | 75 | €250,786 | €248,904 | -€1,882 | -0.8% |
| Income from current assets | 751 | €197,387 | €234,164 | +€36,777 | +18.6% |
| Other financial income | 752/9 | €53,399 | €14,740 | -€38,659 | -72.4% |
| Financial charges | 65/66B | €96,864 | €129,310 | +€32,447 | +33.5% |
| Recurring financial charges | 65 | €96,864 | €100,440 | +€3,577 | +3.7% |
| Debt charges | 650 | €88,889 | €84,222 | -€4,667 | -5.3% |
| Other financial charges | 652/9 | €7,975 | €16,218 | +€8,243 | +103.4% |
| Non-recurring financial charges | 66B | - | €28,870 | +€28,870 | |
| Profit (loss) for the period before taxes | 9903 | €3,883,388 | €1,499,541 | -€2.4m | -61.4% |
| Transfer from deferred taxes | 780 | €21,892 | - | -€21,892 | |
| Income taxes | 67/77 | €988,194 | €393,572 | -€594,622 | -60.2% |
| Taxes | 670/3 | €988,194 | €393,572 | -€594,622 | -60.2% |
| Profit (loss) for the period | 9904 | €2,917,085 | €1,105,969 | -€1.8m | -62.1% |
| Transfer from tax-exempt reserves | 789 | €1,646,997 | - | -€1.6m | |
| Transfer to tax-exempt reserves | 689 | €1,009,378 | €12,189 | -€997,189 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,554,704 | €1,093,780 | -€2.5m | -69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.