DEPROPHAR: 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.
DEPROPHAR
Largest movements
- Current investments +€95,257
up €95,257 (+186%), from €51,338 to €146,595
- Tangible fixed assets -€24,996
down €24,996 (-34.2%), from €73,161 to €48,165
of which Furniture and vehicles: -€21,728
- Cash +€24,833
up €24,833 (+72.2%), from €34,380 to €59,213
mainly Net result for the year (+€26,713) and Trade debts (+€26,447)
- Receivables within one year -€21,420
down €21,420 (-22.2%), from €96,497 to €75,077
of which Other amounts receivable: -€15,838
- Stocks and contracts -€20,569
down €20,569 (-7.9%), from €259,757 to €239,188
- Profit (loss) carried forward +€26,713
up €26,713 (+66.1%), from €40,433 to €67,146
- Trade debts +€26,447
up €26,447 (+64.5%), from €41,020 to €67,467
- Debts after one year -€5,859
down €5,859 (-74.8%), from €7,834 to €1,975
- Staff costs -€86,018
down €86,018 (-20.0%), from €429,024 to €343,006
- Gross operating margin -€63,767
down €63,767 (-13.0%), from €489,794 to €426,027
- Taxes +€15,863
up €15,863 (+779%), from €2,035 to €17,898
- Depreciation -€9,883
down €9,883 (-28.3%), from €34,879 to €24,996
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 | €527,101 | €569,934 | +€42,833 | +8.1% |
| Fixed assets | 21/28 | €73,161 | €48,165 | -€24,996 | -34.2% |
| Tangible fixed assets | 22/27 | €73,161 | €48,165 | -€24,996 | -34.2% |
| Land and buildings | 22 | €9,916 | €9,916 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,181 | €11,913 | -€3,268 | -21.5% |
| Furniture and vehicles | 24 | €48,065 | €26,337 | -€21,728 | -45.2% |
| Current assets | 29/58 | €453,939 | €521,768 | +€67,829 | +14.9% |
| Stocks and contracts in progress | 3 | €259,757 | €239,188 | -€20,569 | -7.9% |
| Stocks | 30/36 | €259,757 | €239,188 | -€20,569 | -7.9% |
| Amounts receivable within one year | 40/41 | €96,497 | €75,077 | -€21,420 | -22.2% |
| Trade receivables | 40 | €60,155 | €54,572 | -€5,583 | -9.3% |
| Other amounts receivable | 41 | €36,342 | €20,504 | -€15,838 | -43.6% |
| Current investments | 50/53 | €51,338 | €146,595 | +€95,257 | +186% |
| Cash at bank and in hand | 54/58 | €34,380 | €59,213 | +€24,833 | +72.2% |
| Deferred charges and accrued income | 490/1 | €11,967 | €1,696 | -€10,271 | -85.8% |
| Total equity and liabilities | 10/49 | €527,101 | €569,934 | +€42,833 | +8.1% |
| Equity | 10/15 | €399,554 | €426,267 | +€26,713 | +6.7% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €111,121 | €111,121 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,202 | €18,202 | = | 0.0% |
| Distributable reserves | 133 | €92,920 | €92,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,433 | €67,146 | +€26,713 | +66.1% |
| Amounts payable | 17/49 | €127,547 | €143,666 | +€16,120 | +12.6% |
| Amounts payable after more than one year | 17 | €7,834 | €1,975 | -€5,859 | -74.8% |
| Financial debts | 170/4 | €7,834 | €1,975 | -€5,859 | -74.8% |
| Amounts payable within one year | 42/48 | €118,821 | €139,998 | +€21,177 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €11,521 | €5,859 | -€5,662 | -49.1% |
| Trade debts | 44 | €41,020 | €67,467 | +€26,447 | +64.5% |
| Suppliers | 440/4 | €41,020 | €67,467 | +€26,447 | +64.5% |
| Taxes, remuneration and social security | 45 | €66,280 | €66,671 | +€392 | +0.6% |
| Taxes | 450/3 | €16,833 | €25,285 | +€8,451 | +50.2% |
| Remuneration and social security | 454/9 | €49,446 | €41,387 | -€8,060 | -16.3% |
| Accrued charges and deferred income | 492/3 | €891 | €1,694 | +€802 | +90.0% |
| Remuneration, social security and pensions | 62 | €429,024 | €343,006 | -€86,018 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,879 | €24,996 | -€9,883 | -28.3% |
| Other operating charges | 640/8 | €10,977 | €12,090 | +€1,113 | +10.1% |
| Gross operating margin | 9900 | €489,794 | €426,027 | -€63,767 | -13.0% |
| Operating profit (loss) | 9901 | €14,914 | €45,936 | +€31,021 | +208% |
| Financial income | 75/76B | €2,290 | €975 | -€1,314 | -57.4% |
| Recurring financial income | 75 | €2,290 | €975 | -€1,314 | -57.4% |
| Financial charges | 65/66B | €3,420 | €2,299 | -€1,121 | -32.8% |
| Recurring financial charges | 65 | €3,420 | €2,299 | -€1,121 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €13,784 | €44,612 | +€30,828 | +224% |
| Income taxes | 67/77 | €2,035 | €17,898 | +€15,863 | +779% |
| Profit (loss) for the period | 9904 | €11,749 | €26,713 | +€14,964 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €11,749 | €26,713 | +€14,964 | +127% |
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 24 October 2026 via checked.be.