Emanuel Deprez: 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.
Emanuel Deprez
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€134,656
up €134,656 (+202%), from €66,612 to €201,268
mainly Current investments (+€200,000) and Depreciation (+€8,754)
- Tangible fixed assets -€8,221
down €8,221 (-29.0%), from €28,337 to €20,115
of which Plant, machinery and equipment: -€5,258
- Other debts -€53,576
down €53,576 (-32.0%), from €167,626 to €114,050
- Reserves -€19,704
down €19,704 (-17.7%), from €111,120 to €91,415
- Financial charges -€2,235
down €2,235 (-20.1%), from €11,136 to €8,901
- Gross operating margin +€1,804
up €1,804 (+19.8%), from -€9,109 to -€7,305
- Financial income +€1,263
up €1,263 (+28.0%), from €4,517 to €5,780
- Depreciation +€561
up €561 (+6.8%), from €8,194 to €8,754
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 | €303,783 | €228,149 | -€75,634 | -24.9% |
| Fixed assets | 21/28 | €28,337 | €20,115 | -€8,221 | -29.0% |
| Tangible fixed assets | 22/27 | €28,337 | €20,115 | -€8,221 | -29.0% |
| Plant, machinery and equipment | 23 | €22,877 | €17,619 | -€5,258 | -23.0% |
| Furniture and vehicles | 24 | €5,460 | €2,497 | -€2,963 | -54.3% |
| Current assets | 29/58 | €275,446 | €208,034 | -€67,413 | -24.5% |
| Amounts receivable within one year | 40/41 | €5,801 | €6,353 | +€553 | +9.5% |
| Trade receivables | 40 | €49 | €1,474 | +€1,425 | +2,893% |
| Other amounts receivable | 41 | €5,751 | €4,879 | -€872 | -15.2% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €66,612 | €201,268 | +€134,656 | +202% |
| Deferred charges and accrued income | 490/1 | €3,034 | €413 | -€2,621 | -86.4% |
| Total equity and liabilities | 10/49 | €303,783 | €228,149 | -€75,634 | -24.9% |
| Equity | 10/15 | €123,620 | €103,915 | -€19,704 | -15.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €111,120 | €91,415 | -€19,704 | -17.7% |
| Distributable reserves | 133 | €111,120 | €91,415 | -€19,704 | -17.7% |
| Amounts payable | 17/49 | €180,164 | €124,234 | -€55,930 | -31.0% |
| Amounts payable within one year | 42/48 | €169,125 | €114,349 | -€54,776 | -32.4% |
| Trade debts | 44 | €1,498 | €42 | -€1,456 | -97.2% |
| Suppliers | 440/4 | €1,498 | €42 | -€1,456 | -97.2% |
| Taxes, remuneration and social security | 45 | - | €256 | +€256 | |
| Taxes | 450/3 | - | €256 | +€256 | |
| Other amounts payable | 47/48 | €167,626 | €114,050 | -€53,576 | -32.0% |
| Accrued charges and deferred income | 492/3 | €11,039 | €9,885 | -€1,154 | -10.5% |
| Non-recurring operating income | 76A | €89 | - | -€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,194 | €8,754 | +€561 | +6.8% |
| Other operating charges | 640/8 | €588 | €524 | -€64 | -10.9% |
| Gross operating margin | 9900 | -€9,109 | -€7,305 | +€1,804 | +19.8% |
| Operating profit (loss) | 9901 | -€17,891 | -€16,583 | +€1,307 | +7.3% |
| Financial income | 75/76B | €4,517 | €5,780 | +€1,263 | +28.0% |
| Recurring financial income | 75 | €4,517 | €5,780 | +€1,263 | +28.0% |
| Financial charges | 65/66B | €11,136 | €8,901 | -€2,235 | -20.1% |
| Recurring financial charges | 65 | €11,136 | €8,901 | -€2,235 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,510 | -€19,704 | +€4,806 | +19.6% |
| Profit (loss) for the period | 9904 | -€24,510 | -€19,704 | +€4,806 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,510 | -€19,704 | +€4,806 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.