JOHAN 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.
JOHAN DEPUYDT
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€292,607
down €292,607 (-75.5%), from €387,759 to €95,152
mainly Current investments (-€500,000) and Contributions, distributions and other (-€57,933)
- Receivables within one year -€33,617
down €33,617 (-88.7%), from €37,900 to €4,284
of which Other amounts receivable: -€32,094
- Reserves +€164,545
up €164,545 (+25.6%), from €643,832 to €808,377
of which Distributable reserves: +€164,545
- Debts after one year -€40,000
down €40,000 (-11.8%), from €337,917 to €297,917
- Tax, wage and social debts +€39,419
up €39,419 (+59.3%), from €66,442 to €105,861
of which Taxes: +€35,297
- Short-term financial debts -€16,952
down €16,952 (-100%), from €16,952 to €0
- Current portion of long-term debt +€16,920
up €16,920 (+42.3%), from €40,000 to €56,920
- Gross operating margin +€97,365
up €97,365 (+25.4%), from €383,350 to €480,714
- Taxes +€34,654
up €34,654 (+49.5%), from €69,994 to €104,648
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 | €1,136,752 | €1,300,758 | +€164,005 | +14.4% |
| Fixed assets | 21/28 | €706,631 | €700,564 | -€6,067 | -0.9% |
| Tangible fixed assets | 22/27 | €704,831 | €698,764 | -€6,067 | -0.9% |
| Land and buildings | 22 | €520,760 | €506,626 | -€14,135 | -2.7% |
| Plant, machinery and equipment | 23 | €48,279 | €51,450 | +€3,171 | +6.6% |
| Furniture and vehicles | 24 | €62,314 | €74,892 | +€12,578 | +20.2% |
| Other tangible fixed assets | 26 | €73,478 | €65,797 | -€7,681 | -10.5% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €430,121 | €600,193 | +€170,073 | +39.5% |
| Amounts receivable within one year | 40/41 | €37,900 | €4,284 | -€33,617 | -88.7% |
| Trade receivables | 40 | €5,663 | €4,140 | -€1,523 | -26.9% |
| Other amounts receivable | 41 | €32,237 | €143 | -€32,094 | -99.6% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €387,759 | €95,152 | -€292,607 | -75.5% |
| Deferred charges and accrued income | 490/1 | €4,461 | €758 | -€3,704 | -83.0% |
| Total equity and liabilities | 10/49 | €1,136,752 | €1,300,758 | +€164,005 | +14.4% |
| Equity | 10/15 | €662,432 | €826,977 | +€164,545 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €643,832 | €808,377 | +€164,545 | +25.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,750 | €15,750 | = | 0.0% |
| Distributable reserves | 133 | €628,082 | €792,627 | +€164,545 | +26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €474,320 | €473,781 | -€540 | -0.1% |
| Amounts payable after more than one year | 17 | €337,917 | €297,917 | -€40,000 | -11.8% |
| Financial debts | 170/4 | €337,917 | €297,917 | -€40,000 | -11.8% |
| Amounts payable within one year | 42/48 | €136,403 | €175,864 | +€39,460 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €56,920 | +€16,920 | +42.3% |
| Financial debts | 43 | €16,952 | €0 | -€16,952 | -100% |
| Other loans | 439 | €16,952 | €0 | -€16,952 | -100% |
| Trade debts | 44 | €9,703 | €10,553 | +€850 | +8.8% |
| Suppliers | 440/4 | €9,703 | €10,553 | +€850 | +8.8% |
| Advances received on contracts in progress | 46 | €3,307 | €0 | -€3,307 | -100% |
| Taxes, remuneration and social security | 45 | €66,442 | €105,861 | +€39,419 | +59.3% |
| Taxes | 450/3 | €47,066 | €82,363 | +€35,297 | +75.0% |
| Remuneration and social security | 454/9 | €19,377 | €23,498 | +€4,122 | +21.3% |
| Other amounts payable | 47/48 | - | €2,530 | +€2,530 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €102,879 | €99,922 | -€2,957 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,317 | €41,508 | +€1,191 | +3.0% |
| Other operating charges | 640/8 | €7,134 | €6,412 | -€722 | -10.1% |
| Gross operating margin | 9900 | €383,350 | €480,714 | +€97,365 | +25.4% |
| Operating profit (loss) | 9901 | €233,019 | €332,872 | +€99,853 | +42.9% |
| Financial income | 75/76B | €785 | €4,658 | +€3,872 | +493% |
| Recurring financial income | 75 | €785 | €4,658 | +€3,872 | +493% |
| Financial charges | 65/66B | €11,656 | €10,405 | -€1,252 | -10.7% |
| Recurring financial charges | 65 | €11,656 | €10,405 | -€1,252 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €222,148 | €327,125 | +€104,977 | +47.3% |
| Income taxes | 67/77 | €69,994 | €104,648 | +€34,654 | +49.5% |
| Profit (loss) for the period | 9904 | €152,154 | €222,478 | +€70,324 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,154 | €222,478 | +€70,324 | +46.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.