De Zaatman: 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.
De Zaatman
Largest movements
- Tangible fixed assets -€9,547
down €9,547 (-14.9%), from €64,148 to €54,601
of which Other tangible fixed assets: -€5,665
- Receivables within one year +€9,374
up €9,374 (+425%), from €2,205 to €11,579
of which Trade receivables: +€9,406
- Deferred charges and accrued income -€4,468
down €4,468 (-100%), from €4,468 to €0
- Cash +€2,039
up €2,039 (+6.8%), from €30,087 to €32,125
mainly Trade debts (+€25,775) and Depreciation (+€13,926)
- Stocks and contracts +€2,036
up €2,036 (+28.1%), from €7,238 to €9,274
- Other debts -€40,000
down €40,000 (-50.5%), from €79,167 to €39,167
- Trade debts +€25,775
up €25,775 (+48.1%), from €53,588 to €79,363
- Profit (loss) carried forward +€9,138
up €9,138 (+17.3%), from -€52,843 to -€43,705
- Tax, wage and social debts +€3,804
up €3,804 (+28.1%), from €13,545 to €17,350
of which Remuneration and social security: +€3,732
- Gross operating margin -€29,986
down €29,986 (-14.5%), from €206,888 to €176,903
- Staff costs -€28,360
down €28,360 (-15.8%), from €179,153 to €150,793
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 | €109,579 | €108,332 | -€1,247 | -1.1% |
| Fixed assets | 21/28 | €65,581 | €55,354 | -€10,227 | -15.6% |
| Intangible fixed assets | 21 | €1,433 | €753 | -€680 | -47.5% |
| Tangible fixed assets | 22/27 | €64,148 | €54,601 | -€9,547 | -14.9% |
| Plant, machinery and equipment | 23 | €11,619 | €12,507 | +€887 | +7.6% |
| Furniture and vehicles | 24 | €13,066 | €8,297 | -€4,769 | -36.5% |
| Other tangible fixed assets | 26 | €39,463 | €33,797 | -€5,665 | -14.4% |
| Current assets | 29/58 | €43,999 | €52,978 | +€8,980 | +20.4% |
| Stocks and contracts in progress | 3 | €7,238 | €9,274 | +€2,036 | +28.1% |
| Stocks | 30/36 | €7,238 | €9,274 | +€2,036 | +28.1% |
| Amounts receivable within one year | 40/41 | €2,205 | €11,579 | +€9,374 | +425% |
| Trade receivables | 40 | €731 | €10,136 | +€9,406 | +1,287% |
| Other amounts receivable | 41 | €1,475 | €1,443 | -€32 | -2.2% |
| Cash at bank and in hand | 54/58 | €30,087 | €32,125 | +€2,039 | +6.8% |
| Deferred charges and accrued income | 490/1 | €4,468 | €0 | -€4,468 | -100% |
| Total equity and liabilities | 10/49 | €109,579 | €108,332 | -€1,247 | -1.1% |
| Equity | 10/15 | -€42,843 | -€33,705 | +€9,138 | +21.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,843 | -€43,705 | +€9,138 | +17.3% |
| Amounts payable | 17/49 | €152,422 | €142,037 | -€10,385 | -6.8% |
| Amounts payable within one year | 42/48 | €146,300 | €135,879 | -€10,421 | -7.1% |
| Trade debts | 44 | €53,588 | €79,363 | +€25,775 | +48.1% |
| Suppliers | 440/4 | €53,588 | €79,363 | +€25,775 | +48.1% |
| Taxes, remuneration and social security | 45 | €13,545 | €17,350 | +€3,804 | +28.1% |
| Taxes | 450/3 | €2,006 | €2,078 | +€72 | +3.6% |
| Remuneration and social security | 454/9 | €11,539 | €15,271 | +€3,732 | +32.3% |
| Other amounts payable | 47/48 | €79,167 | €39,167 | -€40,000 | -50.5% |
| Accrued charges and deferred income | 492/3 | €6,123 | €6,158 | +€36 | +0.6% |
| Remuneration, social security and pensions | 62 | €179,153 | €150,793 | -€28,360 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,325 | €13,926 | +€601 | +4.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €206,888 | €176,903 | -€29,986 | -14.5% |
| Operating profit (loss) | 9901 | €13,882 | €11,640 | -€2,242 | -16.2% |
| Financial income | 75/76B | €17 | €671 | +€654 | +3,925% |
| Recurring financial income | 75 | €17 | €671 | +€654 | +3,925% |
| Financial charges | 65/66B | €2,780 | €3,173 | +€393 | +14.1% |
| Recurring financial charges | 65 | €2,780 | €3,173 | +€393 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €11,119 | €9,138 | -€1,981 | -17.8% |
| Profit (loss) for the period | 9904 | €11,119 | €9,138 | -€1,981 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,119 | €9,138 | -€1,981 | -17.8% |
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 15 October 2026 via checked.be.