D.J. ZONNEWERING: what changed
D.J. ZONNEWERING
Largest movements
- Cash +€243,121
up €243,121 (+119%), from €203,867 to €446,989
mainly Current investments (+€200,423) and Net result for the year (+€98,508)
- Current investments -€200,423
down €200,423 (-68.9%), from €290,776 to €90,353
- Tangible fixed assets +€47,406
up €47,406 (+96.4%), from €49,188 to €96,594
of which Furniture and vehicles: +€51,133
- Reserves +€97,108
up €97,108 (+17.4%), from €556,989 to €654,097
of which Distributable reserves: +€97,108
- Trade debts -€12,735
down €12,735 (-84.8%), from €15,021 to €2,286
- Tax, wage and social debts +€7,677
up €7,677 (+200%), from €3,847 to €11,523
of which Taxes: +€4,884
- Gross operating margin -€21,365
down €21,365 (-7.6%), from €280,584 to €259,219
- Staff costs +€14,249
up €14,249 (+14.8%), from €96,149 to €110,398
- Taxes -€10,357
down €10,357 (-19.1%), from €54,204 to €43,847
- Depreciation +€7,806
up €7,806 (+74.5%), from €10,474 to €18,280
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 | €599,763 | €688,497 | +€88,734 | +14.8% |
| Fixed assets | 21/28 | €49,555 | €96,841 | +€47,286 | +95.4% |
| Tangible fixed assets | 22/27 | €49,188 | €96,594 | +€47,406 | +96.4% |
| Land and buildings | 22 | €24,282 | €22,648 | -€1,635 | -6.7% |
| Plant, machinery and equipment | 23 | €11,414 | €9,527 | -€1,887 | -16.5% |
| Furniture and vehicles | 24 | €13,113 | €64,246 | +€51,133 | +390% |
| Other tangible fixed assets | 26 | €378 | €173 | -€205 | -54.2% |
| Financial fixed assets | 28 | €367 | €247 | -€120 | -32.7% |
| Current assets | 29/58 | €550,208 | €591,656 | +€41,448 | +7.5% |
| Stocks and contracts in progress | 3 | €30,000 | €30,833 | +€833 | +2.8% |
| Stocks | 30/36 | €30,000 | €30,833 | +€833 | +2.8% |
| Amounts receivable within one year | 40/41 | €21,423 | €15,467 | -€5,955 | -27.8% |
| Trade receivables | 40 | €21,271 | €15,467 | -€5,804 | -27.3% |
| Other amounts receivable | 41 | €152 | €0 | -€152 | -99.7% |
| Current investments | 50/53 | €290,776 | €90,353 | -€200,423 | -68.9% |
| Cash at bank and in hand | 54/58 | €203,867 | €446,989 | +€243,121 | +119% |
| Deferred charges and accrued income | 490/1 | €4,141 | €8,014 | +€3,872 | +93.5% |
| Total equity and liabilities | 10/49 | €599,763 | €688,497 | +€88,734 | +14.8% |
| Equity | 10/15 | €575,589 | €672,697 | +€97,108 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €556,989 | €654,097 | +€97,108 | +17.4% |
| Tax-exempt reserves | 132 | €6,277 | €6,277 | = | 0.0% |
| Distributable reserves | 133 | €550,712 | €647,820 | +€97,108 | +17.6% |
| Amounts payable | 17/49 | €24,174 | €15,800 | -€8,374 | -34.6% |
| Amounts payable within one year | 42/48 | €24,174 | €15,800 | -€8,374 | -34.6% |
| Trade debts | 44 | €15,021 | €2,286 | -€12,735 | -84.8% |
| Suppliers | 440/4 | €15,021 | €2,286 | -€12,735 | -84.8% |
| Taxes, remuneration and social security | 45 | €3,847 | €11,523 | +€7,677 | +200% |
| Taxes | 450/3 | €40 | €4,923 | +€4,884 | +12,345% |
| Remuneration and social security | 454/9 | €3,807 | €6,600 | +€2,793 | +73.4% |
| Other amounts payable | 47/48 | €5,306 | €1,991 | -€3,315 | -62.5% |
| Remuneration, social security and pensions | 62 | €96,149 | €110,398 | +€14,249 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,474 | €18,280 | +€7,806 | +74.5% |
| Other operating charges | 640/8 | €2,727 | €5,518 | +€2,790 | +102% |
| Gross operating margin | 9900 | €280,584 | €259,219 | -€21,365 | -7.6% |
| Operating profit (loss) | 9901 | €171,234 | €125,024 | -€46,210 | -27.0% |
| Financial income | 75/76B | €21,026 | €19,298 | -€1,728 | -8.2% |
| Recurring financial income | 75 | €21,026 | €19,298 | -€1,728 | -8.2% |
| Financial charges | 65/66B | €3,266 | €1,967 | -€1,299 | -39.8% |
| Recurring financial charges | 65 | €3,266 | €1,967 | -€1,299 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €188,994 | €142,355 | -€46,639 | -24.7% |
| Income taxes | 67/77 | €54,204 | €43,847 | -€10,357 | -19.1% |
| Profit (loss) for the period | 9904 | €134,791 | €98,508 | -€36,282 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,791 | €98,508 | -€36,282 | -26.9% |
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 2 November 2026 via checked.be.