DEPREZ-LEUNEN: what changed
DEPREZ-LEUNEN
Largest movements
- Tangible fixed assets +€108,937
up €108,937 (+114%), from €95,862 to €204,800
of which Other tangible fixed assets: +€126,389
- Cash -€80,424
down €80,424 (-37.3%), from €215,496 to €135,071
mainly Investment in fixed assets (net) (-€136,179) and Contributions, distributions and other (-€34,036)
- Deferred charges and accrued income -€22,104
down €22,104 (-84.9%), from €26,022 to €3,918
- Reserves +€117,610
up €117,610 (+39.9%), from €294,524 to €412,135
- Profit (loss) carried forward -€76,142
no longer reported in 2025 (was €76,142)
- Other debts -€33,202
down €33,202 (-87.2%), from €38,060 to €4,858
- Taxes +€5,257
up €5,257 (+20.7%), from €25,457 to €30,715
- Gross operating margin +€4,829
up €4,829 (+3.7%), from €128,826 to €133,655
- Financial income +€2,131
up €2,131 (+140%), from €1,525 to €3,656
- Depreciation +€2,082
up €2,082 (+8.3%), from €25,160 to €27,242
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,753 | €446,655 | +€7,902 | +1.8% |
| Fixed assets | 21/28 | €95,862 | €204,800 | +€108,937 | +114% |
| Tangible fixed assets | 22/27 | €95,862 | €204,800 | +€108,937 | +114% |
| Plant, machinery and equipment | 23 | €1,935 | €1,475 | -€460 | -23.8% |
| Furniture and vehicles | 24 | €55,657 | €38,666 | -€16,992 | -30.5% |
| Other tangible fixed assets | 26 | €38,270 | €164,659 | +€126,389 | +330% |
| Current assets | 29/58 | €342,891 | €241,856 | -€101,035 | -29.5% |
| Amounts receivable within one year | 40/41 | - | €1,083 | +€1,083 | |
| Trade receivables | 40 | - | €702 | +€702 | |
| Other amounts receivable | 41 | - | €381 | +€381 | |
| Current investments | 50/53 | €101,373 | €101,784 | +€411 | +0.4% |
| Cash at bank and in hand | 54/58 | €215,496 | €135,071 | -€80,424 | -37.3% |
| Deferred charges and accrued income | 490/1 | €26,022 | €3,918 | -€22,104 | -84.9% |
| Total equity and liabilities | 10/49 | €438,753 | €446,655 | +€7,902 | +1.8% |
| Equity | 10/15 | €389,267 | €430,735 | +€41,468 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €294,524 | €412,135 | +€117,610 | +39.9% |
| Distributable reserves | 133 | €294,524 | €412,135 | +€117,610 | +39.9% |
| Profit (loss) carried forward | 14 | €76,142 | - | -€76,142 | |
| Amounts payable | 17/49 | €49,486 | €15,920 | -€33,566 | -67.8% |
| Amounts payable within one year | 42/48 | €46,787 | €11,138 | -€35,650 | -76.2% |
| Trade debts | 44 | €6,522 | €6,280 | -€242 | -3.7% |
| Suppliers | 440/4 | €6,522 | €6,280 | -€242 | -3.7% |
| Taxes, remuneration and social security | 45 | €2,206 | - | -€2,206 | |
| Taxes | 450/3 | €2,206 | - | -€2,206 | |
| Other amounts payable | 47/48 | €38,060 | €4,858 | -€33,202 | -87.2% |
| Accrued charges and deferred income | 492/3 | €2,699 | €4,783 | +€2,084 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,160 | €27,242 | +€2,082 | +8.3% |
| Other operating charges | 640/8 | €1,442 | €1,539 | +€97 | +6.7% |
| Gross operating margin | 9900 | €128,826 | €133,655 | +€4,829 | +3.7% |
| Operating profit (loss) | 9901 | €102,224 | €104,875 | +€2,650 | +2.6% |
| Financial income | 75/76B | €1,525 | €3,656 | +€2,131 | +140% |
| Recurring financial income | 75 | €1,525 | €3,656 | +€2,131 | +140% |
| Financial charges | 65/66B | €2,149 | €2,313 | +€164 | +7.6% |
| Recurring financial charges | 65 | €2,149 | €2,313 | +€164 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €101,600 | €106,218 | +€4,618 | +4.5% |
| Income taxes | 67/77 | €25,457 | €30,715 | +€5,257 | +20.7% |
| Profit (loss) for the period | 9904 | €76,142 | €75,503 | -€639 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,142 | €75,503 | -€639 | -0.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.