IMMO DEPAUW: 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.
IMMO DEPAUW
Largest movements
- Cash +€37,285
up €37,285 (+154%), from €24,289 to €61,574
mainly Receivables within one year (+€25,168) and Net result for the year (+€5,829)
- Receivables within one year -€25,168
down €25,168 (-71.0%), from €35,424 to €10,256
of which Trade receivables: -€23,919
- Tangible fixed assets -€2,219
down €2,219 (-5.1%), from €43,685 to €41,466
of which Plant, machinery and equipment: -€2,219
- Deferred charges and accrued income -€1,413
down €1,413 (-100%), from €1,413 to €0
- Reserves +€5,829
up €5,829 (+7.5%), from €77,627 to €83,457
of which Distributable reserves: +€5,829
- Trade debts +€3,973
up €3,973 (+991%), from €401 to €4,374
- Tax, wage and social debts -€3,085
down €3,085 (-43.6%), from €7,081 to €3,996
of which Taxes: -€2,845
- Other debts +€2,869
up €2,869, from €0 to €2,869
- Gross operating margin -€18,977
down €18,977 (-53.4%), from €35,541 to €16,565
- Financial income -€15,345
down €15,345 (-100%), from €15,345 to €0
of which Non-recurring financial income: -€15,170
- Taxes -€6,049
down €6,049 (-60.0%), from €10,083 to €4,035
- Other operating charges -€849
down €849 (-16.1%), from €5,284 to €4,435
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 | €104,809 | €113,295 | +€8,485 | +8.1% |
| Fixed assets | 21/28 | €43,685 | €41,466 | -€2,219 | -5.1% |
| Tangible fixed assets | 22/27 | €43,685 | €41,466 | -€2,219 | -5.1% |
| Land and buildings | 22 | €29,747 | €29,747 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,937 | €11,718 | -€2,219 | -15.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €61,125 | €71,829 | +€10,704 | +17.5% |
| Amounts receivable within one year | 40/41 | €35,424 | €10,256 | -€25,168 | -71.0% |
| Trade receivables | 40 | €23,919 | €0 | -€23,919 | -100% |
| Other amounts receivable | 41 | €11,505 | €10,256 | -€1,249 | -10.9% |
| Cash at bank and in hand | 54/58 | €24,289 | €61,574 | +€37,285 | +154% |
| Deferred charges and accrued income | 490/1 | €1,413 | €0 | -€1,413 | -100% |
| Total equity and liabilities | 10/49 | €104,809 | €113,295 | +€8,485 | +8.1% |
| Equity | 10/15 | €96,227 | €102,057 | +€5,829 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,627 | €83,457 | +€5,829 | +7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,627 | €83,457 | +€5,829 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,582 | €11,238 | +€2,656 | +31.0% |
| Amounts payable within one year | 42/48 | €7,482 | €11,238 | +€3,756 | +50.2% |
| Trade debts | 44 | €401 | €4,374 | +€3,973 | +991% |
| Suppliers | 440/4 | €401 | €4,374 | +€3,973 | +991% |
| Taxes, remuneration and social security | 45 | €7,081 | €3,996 | -€3,085 | -43.6% |
| Taxes | 450/3 | €6,841 | €3,996 | -€2,845 | -41.6% |
| Remuneration and social security | 454/9 | €240 | €0 | -€240 | -100% |
| Other amounts payable | 47/48 | €0 | €2,869 | +€2,869 | |
| Accrued charges and deferred income | 492/3 | €1,100 | €0 | -€1,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,272 | €2,219 | -€53 | -2.3% |
| Other operating charges | 640/8 | €5,284 | €4,435 | -€849 | -16.1% |
| Gross operating margin | 9900 | €35,541 | €16,565 | -€18,977 | -53.4% |
| Operating profit (loss) | 9901 | €27,985 | €9,911 | -€18,074 | -64.6% |
| Financial income | 75/76B | €15,345 | €0 | -€15,345 | -100% |
| Recurring financial income | 75 | €175 | €0 | -€175 | -100% |
| Non-recurring financial income | 76B | €15,170 | €0 | -€15,170 | -100% |
| Financial charges | 65/66B | €39 | €47 | +€8 | +19.2% |
| Recurring financial charges | 65 | €39 | €47 | +€8 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €43,291 | €9,864 | -€33,427 | -77.2% |
| Income taxes | 67/77 | €10,083 | €4,035 | -€6,049 | -60.0% |
| Profit (loss) for the period | 9904 | €33,208 | €5,829 | -€27,378 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,208 | €5,829 | -€27,378 | -82.4% |
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 29 October 2026 via checked.be.