BOUCHERIE ZEPHIR: 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.
BOUCHERIE ZEPHIR
Largest movements
- Tangible fixed assets -€23,733
down €23,733 (-77.4%), from €30,682 to €6,949
of which Plant, machinery and equipment: -€18,631
- Cash -€11,031
down €11,031 (-10.9%), from €101,525 to €90,493
mainly Tax, wage and social debts (-€15,520) and Net result for the year (-€13,399)
- Receivables within one year +€4,620
up €4,620 (+91.8%), from €5,031 to €9,651
of which Other amounts receivable: +€9,110
- Tax, wage and social debts -€15,520
down €15,520 (-97.5%), from €15,920 to €400
of which Remuneration and social security: -€8,120
- Profit (loss) carried forward -€13,399
down €13,399 (-75.4%), from €17,759 to €4,360
- Trade debts -€1,510
down €1,510 (-52.0%), from €2,905 to €1,395
- Gross operating margin -€203,855
down €203,855, from €201,966 to -€1,889
- Staff costs -€162,166
down €162,166 (-100.0%), from €162,166 to €0
- Taxes -€8,710
down €8,710 (-87.8%), from €9,918 to €1,208
- Depreciation -€5,691
down €5,691 (-54.5%), from €10,450 to €4,759
- Other operating charges +€4,849
up €4,849 (+665%), from €729 to €5,577
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 | €137,523 | €107,094 | -€30,429 | -22.1% |
| Fixed assets | 21/28 | €30,682 | €6,949 | -€23,733 | -77.4% |
| Tangible fixed assets | 22/27 | €30,682 | €6,949 | -€23,733 | -77.4% |
| Plant, machinery and equipment | 23 | €18,631 | - | -€18,631 | |
| Furniture and vehicles | 24 | €12,051 | €6,949 | -€5,101 | -42.3% |
| Current assets | 29/58 | €106,841 | €100,144 | -€6,696 | -6.3% |
| Amounts receivable within one year | 40/41 | €5,031 | €9,651 | +€4,620 | +91.8% |
| Trade receivables | 40 | €4,490 | - | -€4,490 | |
| Other amounts receivable | 41 | €541 | €9,651 | +€9,110 | +1,685% |
| Cash at bank and in hand | 54/58 | €101,525 | €90,493 | -€11,031 | -10.9% |
| Deferred charges and accrued income | 490/1 | €285 | - | -€285 | |
| Total equity and liabilities | 10/49 | €137,523 | €107,094 | -€30,429 | -22.1% |
| Equity | 10/15 | €118,698 | €105,299 | -€13,399 | -11.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €75,939 | €75,939 | = | 0.0% |
| Distributable reserves | 133 | €75,939 | €75,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,759 | €4,360 | -€13,399 | -75.4% |
| Amounts payable | 17/49 | €18,825 | €1,795 | -€17,030 | -90.5% |
| Amounts payable within one year | 42/48 | €18,825 | €1,795 | -€17,030 | -90.5% |
| Trade debts | 44 | €2,905 | €1,395 | -€1,510 | -52.0% |
| Suppliers | 440/4 | €2,905 | €1,395 | -€1,510 | -52.0% |
| Taxes, remuneration and social security | 45 | €15,920 | €400 | -€15,520 | -97.5% |
| Taxes | 450/3 | €7,800 | €400 | -€7,400 | -94.9% |
| Remuneration and social security | 454/9 | €8,120 | - | -€8,120 | |
| Remuneration, social security and pensions | 62 | €162,166 | €0 | -€162,166 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,450 | €4,759 | -€5,691 | -54.5% |
| Other operating charges | 640/8 | €729 | €5,577 | +€4,849 | +665% |
| Gross operating margin | 9900 | €201,966 | -€1,889 | -€203,855 | |
| Operating profit (loss) | 9901 | €28,621 | -€12,226 | -€40,847 | |
| Financial income | 75/76B | - | €214 | +€214 | |
| Recurring financial income | 75 | - | €214 | +€214 | |
| Financial charges | 65/66B | €134 | €180 | +€46 | +34.3% |
| Recurring financial charges | 65 | €134 | €180 | +€46 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €28,487 | -€12,191 | -€40,679 | |
| Income taxes | 67/77 | €9,918 | €1,208 | -€8,710 | -87.8% |
| Profit (loss) for the period | 9904 | €18,569 | -€13,399 | -€31,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,569 | -€13,399 | -€31,968 |
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 28 October 2026 via checked.be.