DEPREZ DAVY: 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 DAVY
Largest movements
- Tangible fixed assets +€21,757
up €21,757 (+19.6%), from €110,848 to €132,605
of which Furniture and vehicles: +€35,743
- Receivables within one year +€10,409
up €10,409 (+113%), from €9,207 to €19,616
of which Trade receivables: +€6,303
- Stocks and contracts -€6,734
down €6,734 (-56.5%), from €11,919 to €5,184
- Cash +€6,182
up €6,182 (+3.1%), from €201,816 to €207,998
mainly Depreciation (+€33,701) and Net result for the year (+€22,386)
- Reserves +€20,720
up €20,720 (+10.1%), from €206,126 to €226,846
- Other debts +€8,421
up €8,421 (+17.7%), from €47,705 to €56,126
- Trade debts +€6,986
up €6,986 (+39.2%), from €17,817 to €24,803
- Gross operating margin -€49,025
down €49,025 (-41.4%), from €118,530 to €69,505
- Taxes -€18,356
down €18,356 (-63.3%), from €28,977 to €10,621
- Depreciation +€4,024
up €4,024 (+13.6%), from €29,677 to €33,701
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 | €338,270 | €369,217 | +€30,947 | +9.1% |
| Fixed assets | 21/28 | €113,164 | €132,806 | +€19,642 | +17.4% |
| Intangible fixed assets | 21 | €2,116 | €1 | -€2,115 | -100.0% |
| Tangible fixed assets | 22/27 | €110,848 | €132,605 | +€21,757 | +19.6% |
| Land and buildings | 22 | €55,771 | €52,482 | -€3,289 | -5.9% |
| Plant, machinery and equipment | 23 | €33,522 | €22,825 | -€10,697 | -31.9% |
| Furniture and vehicles | 24 | €21,556 | €57,299 | +€35,743 | +166% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €225,105 | €236,410 | +€11,305 | +5.0% |
| Stocks and contracts in progress | 3 | €11,919 | €5,184 | -€6,734 | -56.5% |
| Stocks | 30/36 | €11,919 | €5,184 | -€6,734 | -56.5% |
| Amounts receivable within one year | 40/41 | €9,207 | €19,616 | +€10,409 | +113% |
| Trade receivables | 40 | €5,663 | €11,966 | +€6,303 | +111% |
| Other amounts receivable | 41 | €3,544 | €7,650 | +€4,106 | +116% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €201,816 | €207,998 | +€6,182 | +3.1% |
| Deferred charges and accrued income | 490/1 | €2,164 | €3,612 | +€1,448 | +66.9% |
| Total equity and liabilities | 10/49 | €338,270 | €369,217 | +€30,947 | +9.1% |
| Equity | 10/15 | €212,326 | €233,046 | +€20,720 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,126 | €226,846 | +€20,720 | +10.1% |
| Distributable reserves | 133 | €206,126 | €226,846 | +€20,720 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,944 | €136,171 | +€10,227 | +8.1% |
| Amounts payable after more than one year | 17 | €52,485 | €49,286 | -€3,199 | -6.1% |
| Financial debts | 170/4 | €52,485 | €49,286 | -€3,199 | -6.1% |
| Amounts payable within one year | 42/48 | €72,428 | €86,885 | +€14,457 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €3,128 | €3,199 | +€72 | +2.3% |
| Trade debts | 44 | €17,817 | €24,803 | +€6,986 | +39.2% |
| Suppliers | 440/4 | €17,817 | €24,803 | +€6,986 | +39.2% |
| Taxes, remuneration and social security | 45 | €3,778 | €2,757 | -€1,021 | -27.0% |
| Taxes | 450/3 | €3,778 | €2,757 | -€1,021 | -27.0% |
| Other amounts payable | 47/48 | €47,705 | €56,126 | +€8,421 | +17.7% |
| Accrued charges and deferred income | 492/3 | €1,031 | €0 | -€1,031 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,677 | €33,701 | +€4,024 | +13.6% |
| Other operating charges | 640/8 | €3,166 | €2,176 | -€990 | -31.3% |
| Gross operating margin | 9900 | €118,530 | €69,505 | -€49,025 | -41.4% |
| Operating profit (loss) | 9901 | €85,686 | €33,627 | -€52,059 | -60.8% |
| Financial income | 75/76B | €1,859 | €872 | -€986 | -53.1% |
| Recurring financial income | 75 | €1,859 | €872 | -€986 | -53.1% |
| Financial charges | 65/66B | €1,535 | €1,492 | -€43 | -2.8% |
| Recurring financial charges | 65 | €1,535 | €1,492 | -€43 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €86,010 | €33,007 | -€53,002 | -61.6% |
| Income taxes | 67/77 | €28,977 | €10,621 | -€18,356 | -63.3% |
| Profit (loss) for the period | 9904 | €57,033 | €22,386 | -€34,647 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,033 | €22,386 | -€34,647 | -60.7% |
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 22 October 2026 via checked.be.