DE ZAVEL: what changed
Two fiscal 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 ZAVEL
Largest movements
- Tangible fixed assets -€10,603
down €10,603 (-6.9%), from €154,760 to €144,157
- Profit (loss) carried forward -€11,713
down €11,713 (-32.7%), from €35,819 to €24,107
- Gross operating margin +€4,176
up €4,176, from -€3,751 to €425
- Financial charges +€145
up €145 (+102.7%), from €141 to €286
- Other operating charges +€38
up €38 (+3.1%), from €1,212 to €1,250
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.
Cash bridge derived
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 | €155,437 | €144,795 | -€10,641 | -6.8% |
| Fixed assets | 21/28 | €154,760 | €144,157 | -€10,603 | -6.9% |
| Tangible fixed assets | 22/27 | €154,760 | €144,157 | -€10,603 | -6.9% |
| Land and buildings | 22 | €154,760 | €144,157 | -€10,603 | -6.9% |
| Current assets | 29/58 | €677 | €639 | -€38 | -5.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €413 | €362 | -€51 | -12.4% |
| Deferred charges and accrued income | 490/1 | €264 | €277 | +€13 | +5.0% |
| Total equity and liabilities | 10/49 | €155,437 | €144,795 | -€10,641 | -6.8% |
| Equity | 10/15 | €104,019 | €92,307 | -€11,713 | -11.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,819 | €24,107 | -€11,713 | -32.7% |
| Amounts payable | 17/49 | €51,417 | €52,489 | +€1,071 | +2.1% |
| Amounts payable within one year | 42/48 | €50,766 | €51,768 | +€1,002 | +2.0% |
| Trade debts | 44 | €276 | €0 | -€276 | -100.0% |
| Suppliers | 440/4 | €276 | €0 | -€276 | -100.0% |
| Other amounts payable | 47/48 | €50,490 | €51,768 | +€1,278 | +2.5% |
| Accrued charges and deferred income | 492/3 | €651 | €720 | +€69 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,603 | €10,603 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,212 | €1,250 | +€38 | +3.1% |
| Gross operating margin | 9900 | -€3,751 | €425 | +€4,176 | |
| Operating profit (loss) | 9901 | -€15,567 | -€11,428 | +€4,139 | +26.6% |
| Financial income | 75/76B | €2 | €1 | -€0 | -21.0% |
| Recurring financial income | 75 | €2 | €1 | -€0 | -21.0% |
| Financial charges | 65/66B | €141 | €286 | +€145 | +102.7% |
| Recurring financial charges | 65 | €141 | €286 | +€145 | +102.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,706 | -€11,712 | +€3,994 | +25.4% |
| Income taxes | 67/77 | €1 | €0 | -€0 | -20.0% |
| Profit (loss) for the period | 9904 | -€15,706 | -€11,713 | +€3,994 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,706 | -€11,713 | +€3,994 | +25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.