DEPUYDT: 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.
What changed
DEPUYDT
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€122,462
2024 · -€147,652+€25,190
Equity
€83,338
2024 · €205,800-€122,462
Cash
€38,676
2024 · €23,651+€15,025
Balance sheet total
€3.0m
2024 · €3.2m-€241,560
Largest movements
Assets
- Tangible fixed assets -€260,592
down €260,592 (-8.2%), from €3.2m to €2.9m
of which Land and buildings: -€196,101
Equity and liabilities
- Debts after one year -€110,560
down €110,560 (-5.0%), from €2.2m to €2.1m
of which Financial debts: -€113,505
- Profit (loss) carried forward -€100,316
down €100,316 (-11.2%), from -€895,036 to -€995,352
Income statement
- Gross operating margin +€13,672
up €13,672 (+7.8%), from €175,382 to €189,054
- Depreciation -€8,236
down €8,236 (-3.0%), from €271,019 to €262,783
- Financial charges -€2,537
down €2,537 (-7.1%), from €35,902 to €33,365
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
-€147,652
Gross operating margin
+€13,672
Depreciation
+€8,236
Other operating charges
+€747
Financial income
-€2
Financial charges
+€2,537
Taxes
-€1
Result 2025
-€122,462
raises the resultlowers the result
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.
From operations
+€124,947
Investment
-€2,191
Financing
-€107,731
Cash 2024
€23,651
From operations (derived)
+€124,947
Net result for the year
-€122,462
Depreciation
+€262,783
Receivables within one year
+€1,250
Deferred charges and accrued income
-€5,257
Provisions
-€7,382
Trade debts
+€3,667
Other debts
-€7,652
Investment (derived)
-€2,191
Investment in fixed assets (net)
-€2,191
Financing
-€107,731
Debts after one year
-€110,560
Current portion of long-term debt
+€2,829
Cash 2025
€38,676
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,214,179 | €2,972,619 | -€241,560 | -7.5% |
| Fixed assets | 21/28 | €3,188,467 | €2,927,875 | -€260,592 | -8.2% |
| Tangible fixed assets | 22/27 | €3,180,873 | €2,920,281 | -€260,592 | -8.2% |
| Land and buildings | 22 | €2,946,868 | €2,750,768 | -€196,101 | -6.7% |
| Plant, machinery and equipment | 23 | €234,005 | €167,367 | -€66,638 | -28.5% |
| Furniture and vehicles | 24 | - | €2,147 | +€2,147 | |
| Financial fixed assets | 28 | €7,594 | €7,594 | = | 0.0% |
| Current assets | 29/58 | €25,712 | €44,744 | +€19,032 | +74.0% |
| Amounts receivable within one year | 40/41 | €1,250 | €0 | -€1,250 | -100% |
| Other amounts receivable | 41 | €1,250 | €0 | -€1,250 | -100% |
| Cash at bank and in hand | 54/58 | €23,651 | €38,676 | +€15,025 | +63.5% |
| Deferred charges and accrued income | 490/1 | €811 | €6,068 | +€5,257 | +648% |
| Total equity and liabilities | 10/49 | €3,214,179 | €2,972,619 | -€241,560 | -7.5% |
| Equity | 10/15 | €205,800 | €83,338 | -€122,462 | -59.5% |
| Contributions | 10/11 | €666,500 | €666,500 | = | 0.0% |
| Capital | 10 | €666,500 | €666,500 | = | 0.0% |
| Issued capital | 100 | €666,500 | €666,500 | = | 0.0% |
| Reserves | 13 | €434,336 | €412,190 | -€22,146 | -5.1% |
| Non-distributable reserves | 130/1 | €66,650 | €66,650 | = | 0.0% |
| Legal reserve | 130 | €66,650 | €66,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €367,686 | €345,540 | -€22,146 | -6.0% |
| Profit (loss) carried forward | 14 | -€895,036 | -€995,352 | -€100,316 | -11.2% |
| Provisions and deferred taxes | 16 | €122,562 | €115,180 | -€7,382 | -6.0% |
| Deferred taxes | 168 | €122,562 | €115,180 | -€7,382 | -6.0% |
| Amounts payable | 17/49 | €2,885,817 | €2,774,101 | -€111,716 | -3.9% |
| Amounts payable after more than one year | 17 | €2,228,546 | €2,117,985 | -€110,560 | -5.0% |
| Financial debts | 170/4 | €1,279,500 | €1,165,995 | -€113,505 | -8.9% |
| Other amounts payable | 178/9 | €949,046 | €951,990 | +€2,944 | +0.3% |
| Amounts payable within one year | 42/48 | €652,716 | €651,560 | -€1,156 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €110,676 | €113,505 | +€2,829 | +2.6% |
| Trade debts | 44 | €4,162 | €7,829 | +€3,667 | +88.1% |
| Suppliers | 440/4 | €4,162 | €7,829 | +€3,667 | +88.1% |
| Other amounts payable | 47/48 | €537,878 | €530,227 | -€7,652 | -1.4% |
| Accrued charges and deferred income | 492/3 | €4,555 | €4,555 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,019 | €262,783 | -€8,236 | -3.0% |
| Other operating charges | 640/8 | €23,500 | €22,753 | -€747 | -3.2% |
| Gross operating margin | 9900 | €175,382 | €189,054 | +€13,672 | +7.8% |
| Operating profit (loss) | 9901 | -€119,137 | -€96,482 | +€22,655 | +19.0% |
| Financial income | 75/76B | €6 | €4 | -€2 | -32.3% |
| Recurring financial income | 75 | €6 | €4 | -€2 | -32.3% |
| Financial charges | 65/66B | €35,902 | €33,365 | -€2,537 | -7.1% |
| Recurring financial charges | 65 | €35,902 | €33,365 | -€2,537 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€155,034 | -€129,843 | +€25,191 | +16.2% |
| Transfer from deferred taxes | 780 | €7,382 | €7,382 | = | 0.0% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€147,652 | -€122,462 | +€25,190 | +17.1% |
| Transfer from tax-exempt reserves | 789 | €22,146 | €22,146 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,506 | -€100,316 | +€25,190 | +20.1% |
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 21 October 2026 via checked.be.