A.E.W. ZEEUWS: 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.
A.E.W. ZEEUWS
Largest movements
- Cash -€18,419
down €18,419 (-91.3%), from €20,171 to €1,753
mainly Investment in fixed assets (net) (-€14,257) and Receivables within one year (-€7,312)
- Receivables within one year +€7,312
up €7,312 (+31.3%), from €23,334 to €30,646
of which Trade receivables: +€8,049
- Tangible fixed assets +€7,063
up €7,063 (+33.6%), from €20,991 to €28,053
of which Furniture and vehicles: +€6,198
- Trade debts -€5,516
down €5,516 (-70.1%), from €7,865 to €2,349
- Tax, wage and social debts -€3,657
down €3,657 (-31.8%), from €11,487 to €7,830
- Other debts +€3,590
up €3,590 (+25.2%), from €14,272 to €17,862
- Profit (loss) carried forward +€1,610
up €1,610 (+4.7%), from €34,205 to €35,815
- Gross operating margin -€6,945
down €6,945 (-35.9%), from €19,330 to €12,385
- Depreciation +€2,697
up €2,697 (+60.0%), from €4,498 to €7,194
- Taxes -€2,339
down €2,339 (-71.9%), from €3,251 to €913
- Financial charges -€360
down €360 (-16.4%), from €2,197 to €1,838
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 | €69,829 | €66,098 | -€3,731 | -5.3% |
| Fixed assets | 21/28 | €20,991 | €28,053 | +€7,063 | +33.6% |
| Tangible fixed assets | 22/27 | €20,991 | €28,053 | +€7,063 | +33.6% |
| Plant, machinery and equipment | 23 | €403 | €1,595 | +€1,192 | +296% |
| Furniture and vehicles | 24 | €17,621 | €23,819 | +€6,198 | +35.2% |
| Other tangible fixed assets | 26 | €2,967 | €2,639 | -€327 | -11.0% |
| Current assets | 29/58 | €48,839 | €38,045 | -€10,794 | -22.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,334 | €30,646 | +€7,312 | +31.3% |
| Trade receivables | 40 | €22,597 | €30,646 | +€8,049 | +35.6% |
| Other amounts receivable | 41 | €737 | - | -€737 | |
| Cash at bank and in hand | 54/58 | €20,171 | €1,753 | -€18,419 | -91.3% |
| Deferred charges and accrued income | 490/1 | €4,333 | €4,646 | +€312 | +7.2% |
| Total equity and liabilities | 10/49 | €69,829 | €66,098 | -€3,731 | -5.3% |
| Equity | 10/15 | €36,205 | €37,815 | +€1,610 | +4.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,205 | €35,815 | +€1,610 | +4.7% |
| Amounts payable | 17/49 | €33,624 | €28,283 | -€5,341 | -15.9% |
| Amounts payable within one year | 42/48 | €33,624 | €28,041 | -€5,583 | -16.6% |
| Trade debts | 44 | €7,865 | €2,349 | -€5,516 | -70.1% |
| Suppliers | 440/4 | €7,865 | €2,349 | -€5,516 | -70.1% |
| Taxes, remuneration and social security | 45 | €11,487 | €7,830 | -€3,657 | -31.8% |
| Taxes | 450/3 | €11,487 | €7,830 | -€3,657 | -31.8% |
| Other amounts payable | 47/48 | €14,272 | €17,862 | +€3,590 | +25.2% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,498 | €7,194 | +€2,697 | +60.0% |
| Other operating charges | 640/8 | €875 | €836 | -€40 | -4.5% |
| Gross operating margin | 9900 | €19,330 | €12,385 | -€6,945 | -35.9% |
| Operating profit (loss) | 9901 | €13,957 | €4,355 | -€9,602 | -68.8% |
| Financial income | 75/76B | €15 | €5 | -€10 | -68.4% |
| Recurring financial income | 75 | €15 | €5 | -€10 | -68.4% |
| Financial charges | 65/66B | €2,197 | €1,838 | -€360 | -16.4% |
| Recurring financial charges | 65 | €2,197 | €1,838 | -€360 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €11,775 | €2,522 | -€9,253 | -78.6% |
| Income taxes | 67/77 | €3,251 | €913 | -€2,339 | -71.9% |
| Profit (loss) for the period | 9904 | €8,524 | €1,610 | -€6,914 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,524 | €1,610 | -€6,914 | -81.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.