Egide DEPECKER: what changed
Two fiscal 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.
Egide DEPECKER
Largest movements
- Cash +€114,495
up €114,495 (+28.5%), from €402,230 to €516,725
mainly Net result for the year (+€68,663) and Depreciation (+€28,686)
- Receivables within one year -€24,069
down €24,069 (-19.0%), from €126,638 to €102,569
of which Trade receivables: -€21,848
- Tangible fixed assets -€23,088
down €23,088 (-21.1%), from €109,281 to €86,192
of which Furniture and vehicles: -€18,728
- Reserves +€38,663
up €38,663 (+7.0%), from €550,627 to €589,290
of which Distributable reserves: +€38,663
- Other debts +€28,630
up €28,630 (+4607.4%), from €621 to €29,252
- Gross operating margin +€25,560
up €25,560 (+16.2%), from €158,014 to €183,575
- Taxes +€7,740
up €7,740 (+38.0%), from €20,374 to €28,114
- Staff costs -€6,174
down €6,174 (-10.6%), from €58,160 to €51,986
- Financial income -€3,407
down €3,407 (-60.3%), from €5,652 to €2,245
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.
Cash bridge derived
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 | €783,839 | €848,366 | +€64,527 | +8.2% |
| Fixed assets | 21/28 | €109,377 | €86,289 | -€23,088 | -21.1% |
| Tangible fixed assets | 22/27 | €109,281 | €86,192 | -€23,088 | -21.1% |
| Land and buildings | 22 | €26,740 | €23,945 | -€2,795 | -10.5% |
| Plant, machinery and equipment | 23 | €32,658 | €31,093 | -€1,565 | -4.8% |
| Furniture and vehicles | 24 | €49,883 | €31,155 | -€18,728 | -37.5% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €674,462 | €762,078 | +€87,615 | +13.0% |
| Stocks and contracts in progress | 3 | €141,778 | €139,086 | -€2,692 | -1.9% |
| Stocks | 30/36 | €141,778 | €139,086 | -€2,692 | -1.9% |
| Amounts receivable within one year | 40/41 | €126,638 | €102,569 | -€24,069 | -19.0% |
| Trade receivables | 40 | €113,041 | €91,193 | -€21,848 | -19.3% |
| Other amounts receivable | 41 | €13,597 | €11,376 | -€2,221 | -16.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €402,230 | €516,725 | +€114,495 | +28.5% |
| Deferred charges and accrued income | 490/1 | €3,816 | €3,699 | -€118 | -3.1% |
| Total equity and liabilities | 10/49 | €783,839 | €848,366 | +€64,527 | +8.2% |
| Equity | 10/15 | €758,879 | €797,543 | +€38,663 | +5.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €550,627 | €589,290 | +€38,663 | +7.0% |
| Tax-exempt reserves | 132 | €11,988 | €11,988 | = | 0.0% |
| Distributable reserves | 133 | €538,639 | €577,302 | +€38,663 | +7.2% |
| Profit (loss) carried forward | 14 | €189,503 | €189,503 | = | 0.0% |
| Amounts payable | 17/49 | €24,960 | €50,824 | +€25,864 | +103.6% |
| Amounts payable within one year | 42/48 | €24,960 | €50,824 | +€25,864 | +103.6% |
| Trade debts | 44 | €10,423 | €8,492 | -€1,931 | -18.5% |
| Suppliers | 440/4 | €10,423 | €8,492 | -€1,931 | -18.5% |
| Taxes, remuneration and social security | 45 | €13,916 | €13,080 | -€836 | -6.0% |
| Taxes | 450/3 | €10,039 | €9,089 | -€949 | -9.5% |
| Remuneration and social security | 454/9 | €3,877 | €3,990 | +€113 | +2.9% |
| Other amounts payable | 47/48 | €621 | €29,252 | +€28,630 | +4607.4% |
| Remuneration, social security and pensions | 62 | €58,160 | €51,986 | -€6,174 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,479 | €28,686 | +€1,207 | +4.4% |
| Other operating charges | 640/8 | €7,122 | €8,223 | +€1,101 | +15.5% |
| Gross operating margin | 9900 | €158,014 | €183,575 | +€25,560 | +16.2% |
| Operating profit (loss) | 9901 | €65,253 | €94,680 | +€29,427 | +45.1% |
| Financial income | 75/76B | €5,652 | €2,245 | -€3,407 | -60.3% |
| Recurring financial income | 75 | €5,652 | €2,245 | -€3,407 | -60.3% |
| Financial charges | 65/66B | €236 | €148 | -€88 | -37.1% |
| Recurring financial charges | 65 | €236 | €148 | -€88 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €70,669 | €96,777 | +€26,108 | +36.9% |
| Income taxes | 67/77 | €20,374 | €28,114 | +€7,740 | +38.0% |
| Profit (loss) for the period | 9904 | €50,294 | €68,663 | +€18,369 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,294 | €68,663 | +€18,369 | +36.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.