DEPUYDT K.: 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 K.
NACE 70.200, Business and other management consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€64,206
2025 · -€4,088+€68,294
Equity
€4.9m
2025 · €4.8m+€64,206
Cash
€148,774
2025 · €58,054+€90,720
Balance sheet total
€6.2m
2025 · €6.0m+€213,047
Largest movements
Assets
- Financial fixed assets +€1.0m
up €1.0m (+34.4%), from €3.0m to €4.1m
- Receivables after one year -€1.0m
down €1.0m (-91.1%), from €1.1m to €100,000
- Tangible fixed assets +€257,336
up €257,336 (+21.3%), from €1.2m to €1.5m
of which Other tangible fixed assets: +€183,136
- Current investments -€96,451
down €96,451 (-21.2%), from €455,000 to €358,549
- Cash +€90,720
up €90,720 (+156%), from €58,054 to €148,774
mainly Receivables after one year (+€1.0m) and Depreciation (+€102,498)
Equity and liabilities
- Reserves +€68,523
up €68,523 (+1.4%), from €4.7m to €4.8m
of which Distributable reserves: +€82,278
Income statement
- Gross operating margin +€78,111
up €78,111 (+54.9%), from €142,193 to €220,305
- Depreciation +€51,690
up €51,690 (+102%), from €50,808 to €102,498
- Financial income +€51,194
up €51,194 (+1,706%), from €3,000 to €54,194
of which Non-recurring financial income: +€46,677
- Other operating charges -€38,948
down €38,948 (-79.8%), from €48,809 to €9,861
- Taxes +€28,919
up €28,919 (+400%), from €7,221 to €36,141
From the 2025 result to the 2026 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 2025
-€4,088
Gross operating margin
+€78,111
Depreciation
-€51,690
Write-downs
-€10,814
Other operating charges
+€38,948
Other operating items
+€5,461
Financial income
+€51,194
Financial charges
-€16,900
Taxes
-€28,919
Deferred taxes and other
+€2,903
Result 2026
€64,206
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.3m
Investment
-€1.3m
Financing
+€82,494
Cash 2025
€58,054
From operations (derived)
+€1.3m
Net result for the year
+€64,206
Depreciation
+€102,498
Receivables after one year
+€1.0m
Receivables within one year
+€60,715
Provisions
-€4,585
Trade debts
+€6,525
Smaller working-capital items
+€1,313
Other debts
+€38,664
Accrued charges and deferred income
+€24,431
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.4m
Current investments
+€96,451
Financing
+€82,494
Debts after one year
+€29,864
Current portion of long-term debt
+€52,631
Cash 2026
€148,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,997,406 | €6,210,453 | +€213,047 | +3.6% |
| Fixed assets | 21/28 | €4,247,460 | €5,551,876 | +€1.3m | +30.7% |
| Tangible fixed assets | 22/27 | €1,206,444 | €1,463,780 | +€257,336 | +21.3% |
| Land and buildings | 22 | €780,444 | €852,619 | +€72,175 | +9.2% |
| Plant, machinery and equipment | 23 | €7,846 | €7,010 | -€835 | -10.6% |
| Furniture and vehicles | 24 | €13,644 | €16,504 | +€2,861 | +21.0% |
| Other tangible fixed assets | 26 | €404,510 | €587,646 | +€183,136 | +45.3% |
| Financial fixed assets | 28 | €3,041,017 | €4,088,097 | +€1.0m | +34.4% |
| Current assets | 29/58 | €1,749,945 | €658,577 | -€1.1m | -62.4% |
| Amounts receivable after more than one year | 29 | €1,124,923 | €100,000 | -€1.0m | -91.1% |
| Other amounts receivable | 291 | €1,124,923 | €100,000 | -€1.0m | -91.1% |
| Amounts receivable within one year | 40/41 | €111,968 | €51,254 | -€60,715 | -54.2% |
| Trade receivables | 40 | €90,190 | €51,254 | -€38,936 | -43.2% |
| Other amounts receivable | 41 | €21,779 | €0 | -€21,779 | -100% |
| Current investments | 50/53 | €455,000 | €358,549 | -€96,451 | -21.2% |
| Cash at bank and in hand | 54/58 | €58,054 | €148,774 | +€90,720 | +156% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,997,406 | €6,210,453 | +€213,047 | +3.6% |
| Equity | 10/15 | €4,843,922 | €4,908,128 | +€64,206 | +1.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €43,164 | €38,847 | -€4,317 | -10.0% |
| Reserves | 13 | €4,725,758 | €4,794,281 | +€68,523 | +1.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €52,149 | €38,394 | -€13,756 | -26.4% |
| Distributable reserves | 133 | €4,673,609 | €4,755,887 | +€82,278 | +1.8% |
| Provisions and deferred taxes | 16 | €72,039 | €67,454 | -€4,585 | -6.4% |
| Provisions for liabilities and charges | 160/5 | €54,656 | €54,656 | = | 0.0% |
| Pensions and similar obligations | 160 | €54,656 | €54,656 | = | 0.0% |
| Deferred taxes | 168 | €17,383 | €12,798 | -€4,585 | -26.4% |
| Amounts payable | 17/49 | €1,081,444 | €1,234,871 | +€153,426 | +14.2% |
| Amounts payable after more than one year | 17 | €959,913 | €989,776 | +€29,864 | +3.1% |
| Financial debts | 170/4 | €958,233 | €988,096 | +€29,864 | +3.1% |
| Other amounts payable | 178/9 | €1,680 | €1,680 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,532 | €220,664 | +€99,132 | +81.6% |
| Current portion of amounts payable after more than one year | 42 | €71,581 | €124,212 | +€52,631 | +73.5% |
| Trade debts | 44 | €3,351 | €9,876 | +€6,525 | +195% |
| Suppliers | 440/4 | €3,351 | €9,876 | +€6,525 | +195% |
| Advances received on contracts in progress | 46 | €1,155 | €130 | -€1,025 | -88.7% |
| Taxes, remuneration and social security | 45 | €21,937 | €24,275 | +€2,338 | +10.7% |
| Taxes | 450/3 | €19,227 | €24,275 | +€5,048 | +26.3% |
| Remuneration and social security | 454/9 | €2,710 | €0 | -€2,710 | -100% |
| Other amounts payable | 47/48 | €23,508 | €62,171 | +€38,664 | +164% |
| Accrued charges and deferred income | 492/3 | - | €24,431 | +€24,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,808 | €102,498 | +€51,690 | +102% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,814 | +€10,814 | |
| Other operating charges | 640/8 | €48,809 | €9,861 | -€38,948 | -79.8% |
| Non-recurring operating charges | 66A | €5,461 | €0 | -€5,461 | -100% |
| Gross operating margin | 9900 | €142,193 | €220,305 | +€78,111 | +54.9% |
| Operating profit (loss) | 9901 | €37,115 | €97,131 | +€60,016 | +162% |
| Financial income | 75/76B | €3,000 | €54,194 | +€51,194 | +1,706% |
| Recurring financial income | 75 | €3,000 | €7,517 | +€4,517 | +151% |
| Non-recurring financial income | 76B | €0 | €46,677 | +€46,677 | |
| Financial charges | 65/66B | €38,664 | €55,564 | +€16,900 | +43.7% |
| Recurring financial charges | 65 | €38,664 | €55,564 | +€16,900 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €1,451 | €95,761 | +€94,310 | +6,499% |
| Transfer from deferred taxes | 780 | €1,683 | €4,585 | +€2,903 | +173% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €7,221 | €36,141 | +€28,919 | +400% |
| Profit (loss) for the period | 9904 | -€4,088 | €64,206 | +€68,294 | |
| Transfer from tax-exempt reserves | 789 | €5,048 | €13,756 | +€8,708 | +173% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €960 | €77,962 | +€77,002 | +8,019% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.