ARZO ZONNEWERING: what changed
ARZO ZONNEWERING
Largest movements
- Receivables within one year -€25,960
down €25,960 (-78.9%), from €32,893 to €6,933
of which Other amounts receivable: -€21,431
- Cash -€14,558
down €14,558 (-48.3%), from €30,129 to €15,571
mainly Trade debts (-€26,965) and Net result for the year (-€19,893)
- Intangible fixed assets -€12,000
down €12,000 (-12.9%), from €92,975 to €80,975
- Stocks and contracts -€6,878
no longer reported in 2025 (was €6,878)
- Trade debts -€26,965
down €26,965 (-45.8%), from €58,824 to €31,859
- Profit (loss) carried forward -€19,893
down €19,893 (-81.8%), from €24,317 to €4,424
- Debts after one year -€15,851
down €15,851 (-28.6%), from €55,400 to €39,549
- Other debts +€12,329
new in 2025: €12,329
- Tax, wage and social debts -€11,756
down €11,756 (-94.5%), from €12,444 to €687
- Gross operating margin +€6,689
up €6,689 (+57.8%), from -€11,565 to -€4,876
- Financial charges -€2,412
down €2,412 (-80.2%), from €3,006 to €594
- Staff costs -€1,106
down €1,106 (-79.7%), from €1,387 to €281
- Other operating charges -€466
down €466 (-39.2%), from €1,190 to €724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,835 | €108,020 | -€60,814 | -36.0% |
| Fixed assets | 21/28 | €98,547 | €85,129 | -€13,418 | -13.6% |
| Intangible fixed assets | 21 | €92,975 | €80,975 | -€12,000 | -12.9% |
| Tangible fixed assets | 22/27 | €5,572 | €4,154 | -€1,418 | -25.5% |
| Plant, machinery and equipment | 23 | €1,618 | €1,198 | -€420 | -26.0% |
| Other tangible fixed assets | 26 | €3,954 | €2,956 | -€998 | -25.2% |
| Current assets | 29/58 | €70,288 | €22,891 | -€47,396 | -67.4% |
| Stocks and contracts in progress | 3 | €6,878 | - | -€6,878 | |
| Stocks | 30/36 | €6,878 | - | -€6,878 | |
| Amounts receivable within one year | 40/41 | €32,893 | €6,933 | -€25,960 | -78.9% |
| Trade receivables | 40 | €11,462 | €6,933 | -€4,529 | -39.5% |
| Other amounts receivable | 41 | €21,431 | - | -€21,431 | |
| Cash at bank and in hand | 54/58 | €30,129 | €15,571 | -€14,558 | -48.3% |
| Deferred charges and accrued income | 490/1 | €387 | €387 | = | 0.0% |
| Total equity and liabilities | 10/49 | €168,835 | €108,020 | -€60,814 | -36.0% |
| Equity | 10/15 | €26,317 | €6,424 | -€19,893 | -75.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,317 | €4,424 | -€19,893 | -81.8% |
| Amounts payable | 17/49 | €142,518 | €101,596 | -€40,922 | -28.7% |
| Amounts payable after more than one year | 17 | €55,400 | €39,549 | -€15,851 | -28.6% |
| Financial debts | 170/4 | €55,400 | €39,549 | -€15,851 | -28.6% |
| Amounts payable within one year | 42/48 | €87,118 | €62,047 | -€25,071 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €15,851 | €17,171 | +€1,321 | +8.3% |
| Trade debts | 44 | €58,824 | €31,859 | -€26,965 | -45.8% |
| Suppliers | 440/4 | €58,824 | €31,859 | -€26,965 | -45.8% |
| Taxes, remuneration and social security | 45 | €12,444 | €687 | -€11,756 | -94.5% |
| Taxes | 450/3 | €12,444 | €687 | -€11,756 | -94.5% |
| Other amounts payable | 47/48 | - | €12,329 | +€12,329 | |
| Non-recurring operating income | 76A | €14,463 | €1,897 | -€12,566 | -86.9% |
| Remuneration, social security and pensions | 62 | €1,387 | €281 | -€1,106 | -79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,418 | €13,418 | = | 0.0% |
| Other operating charges | 640/8 | €1,190 | €724 | -€466 | -39.2% |
| Gross operating margin | 9900 | -€11,565 | -€4,876 | +€6,689 | +57.8% |
| Operating profit (loss) | 9901 | -€27,560 | -€19,299 | +€8,261 | +30.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,006 | €594 | -€2,412 | -80.2% |
| Recurring financial charges | 65 | €3,006 | €594 | -€2,412 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,566 | -€19,893 | +€10,673 | +34.9% |
| Profit (loss) for the period | 9904 | -€30,566 | -€19,893 | +€10,673 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,566 | -€19,893 | +€10,673 | +34.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.