Depea: 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.
Depea
Largest movements
- Tangible fixed assets +€52,388
up €52,388 (+6.7%), from €776,983 to €829,371
of which Land and buildings: +€60,660
- Cash +€42,271
up €42,271 (+32.5%), from €130,010 to €172,281
mainly Other debts (+€149,788) and Depreciation (+€63,373)
- Other debts +€149,788
up €149,788 (+49.0%), from €305,528 to €455,316
- Debts after one year -€35,644
down €35,644 (-37.1%), from €96,198 to €60,553
- Advances received -€17,257
down €17,257 (-34.0%), from €50,786 to €33,529
- Trade debts +€13,459
up €13,459 (+207.2%), from €6,494 to €19,953
- Depreciation +€9,894
up €9,894 (+18.5%), from €53,479 to €63,373
- Gross operating margin -€8,269
down €8,269 (-10.5%), from €78,786 to €70,517
- Taxes -€7,437
down €7,437 (-44.2%), from €16,837 to €9,400
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 | €945,962 | €1,043,103 | +€97,141 | +10.3% |
| Fixed assets | 21/28 | €776,983 | €829,371 | +€52,388 | +6.7% |
| Tangible fixed assets | 22/27 | €776,983 | €829,371 | +€52,388 | +6.7% |
| Land and buildings | 22 | €738,057 | €798,717 | +€60,660 | +8.2% |
| Plant, machinery and equipment | 23 | €1,452 | €2,921 | +€1,469 | +101.2% |
| Furniture and vehicles | 24 | €9,404 | €0 | -€9,404 | -100.0% |
| Other tangible fixed assets | 26 | €28,070 | €27,733 | -€337 | -1.2% |
| Current assets | 29/58 | €168,979 | €213,732 | +€44,753 | +26.5% |
| Amounts receivable after more than one year | 29 | €20,232 | €17,163 | -€3,069 | -15.2% |
| Other amounts receivable | 291 | €20,232 | €17,163 | -€3,069 | -15.2% |
| Amounts receivable within one year | 40/41 | €16,337 | €22,447 | +€6,110 | +37.4% |
| Trade receivables | 40 | €7,883 | €9,637 | +€1,754 | +22.3% |
| Other amounts receivable | 41 | €8,455 | €12,810 | +€4,355 | +51.5% |
| Cash at bank and in hand | 54/58 | €130,010 | €172,281 | +€42,271 | +32.5% |
| Deferred charges and accrued income | 490/1 | €2,400 | €1,841 | -€559 | -23.3% |
| Total equity and liabilities | 10/49 | €945,962 | €1,043,103 | +€97,141 | +10.3% |
| Equity | 10/15 | €383,200 | €374,051 | -€9,149 | -2.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €364,608 | €355,459 | -€9,149 | -2.5% |
| Tax-exempt reserves | 132 | €220,274 | €215,570 | -€4,704 | -2.1% |
| Distributable reserves | 133 | €144,334 | €139,889 | -€4,445 | -3.1% |
| Provisions and deferred taxes | 16 | €65,398 | €62,976 | -€2,422 | -3.7% |
| Deferred taxes | 168 | €65,398 | €62,976 | -€2,422 | -3.7% |
| Amounts payable | 17/49 | €497,365 | €606,077 | +€108,712 | +21.9% |
| Amounts payable after more than one year | 17 | €96,198 | €60,553 | -€35,644 | -37.1% |
| Financial debts | 170/4 | €96,198 | €60,553 | -€35,644 | -37.1% |
| Amounts payable within one year | 42/48 | €401,167 | €545,523 | +€144,356 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €35,138 | €35,644 | +€507 | +1.4% |
| Financial debts | 43 | €1,083 | €121 | -€962 | -88.8% |
| Credit institutions | 430/8 | €1,083 | €121 | -€962 | -88.8% |
| Trade debts | 44 | €6,494 | €19,953 | +€13,459 | +207.2% |
| Suppliers | 440/4 | €6,494 | €19,953 | +€13,459 | +207.2% |
| Advances received on contracts in progress | 46 | €50,786 | €33,529 | -€17,257 | -34.0% |
| Taxes, remuneration and social security | 45 | €2,138 | €959 | -€1,179 | -55.1% |
| Taxes | 450/3 | €2,138 | €959 | -€1,179 | -55.1% |
| Other amounts payable | 47/48 | €305,528 | €455,316 | +€149,788 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,479 | €63,373 | +€9,894 | +18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,190 | €6,534 | -€656 | -9.1% |
| Gross operating margin | 9900 | €78,786 | €70,517 | -€8,269 | -10.5% |
| Operating profit (loss) | 9901 | €18,117 | €610 | -€17,507 | -96.6% |
| Financial income | 75/76B | €432 | €598 | +€165 | +38.2% |
| Recurring financial income | 75 | €432 | €598 | +€165 | +38.2% |
| Financial charges | 65/66B | €3,553 | €3,379 | -€174 | -4.9% |
| Recurring financial charges | 65 | €3,553 | €3,379 | -€174 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €14,997 | -€2,171 | -€17,168 | |
| Transfer from deferred taxes | 780 | €2,422 | €2,422 | = | 0.0% |
| Income taxes | 67/77 | €16,837 | €9,400 | -€7,437 | -44.2% |
| Profit (loss) for the period | 9904 | €582 | -€9,149 | -€9,731 | |
| Transfer from tax-exempt reserves | 789 | €4,704 | €4,704 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,286 | -€4,445 | -€9,731 |
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 5 October 2026 via checked.be.