De Zee: 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 Zee
Largest movements
- Financial fixed assets +€12,500
up €12,500 (+625%), from €2,000 to €14,500
- Receivables within one year +€9,136
up €9,136 (+119%), from €7,680 to €16,816
- Tangible fixed assets -€5,524
down €5,524 (-44.2%), from €12,490 to €6,966
of which Furniture and vehicles: -€4,840
- Deferred charges and accrued income +€2,559
up €2,559 (+291%), from €878 to €3,437
- Cash +€1,081
up €1,081 (+13.5%), from €8,029 to €9,110
mainly Net result for the year (+€16,277) and Depreciation (+€5,524)
- Profit (loss) carried forward +€16,277
up €16,277 (+22.1%), from -€73,571 to -€57,294
- Trade debts +€5,147
up €5,147 (+5,985%), from €86 to €5,233
- Other debts -€2,209
down €2,209 (-2.9%), from €75,399 to €73,190
- Tax, wage and social debts +€537
up €537 (+9.4%), from €5,703 to €6,240
of which Remuneration and social security: +€1,350
- Depreciation -€589
down €589 (-9.6%), from €6,113 to €5,524
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 | €31,077 | €50,829 | +€19,752 | +63.6% |
| Fixed assets | 21/28 | €14,490 | €21,466 | +€6,976 | +48.1% |
| Tangible fixed assets | 22/27 | €12,490 | €6,966 | -€5,524 | -44.2% |
| Land and buildings | 22 | €1,926 | €1,798 | -€128 | -6.6% |
| Plant, machinery and equipment | 23 | €556 | - | -€556 | |
| Furniture and vehicles | 24 | €10,008 | €5,168 | -€4,840 | -48.4% |
| Financial fixed assets | 28 | €2,000 | €14,500 | +€12,500 | +625% |
| Current assets | 29/58 | €16,587 | €29,363 | +€12,776 | +77.0% |
| Amounts receivable within one year | 40/41 | €7,680 | €16,816 | +€9,136 | +119% |
| Trade receivables | 40 | €7,680 | €16,816 | +€9,136 | +119% |
| Cash at bank and in hand | 54/58 | €8,029 | €9,110 | +€1,081 | +13.5% |
| Deferred charges and accrued income | 490/1 | €878 | €3,437 | +€2,559 | +291% |
| Total equity and liabilities | 10/49 | €31,077 | €50,829 | +€19,752 | +63.6% |
| Equity | 10/15 | -€56,111 | -€39,834 | +€16,277 | +29.0% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,260 | €1,260 | = | 0.0% |
| Distributable reserves | 133 | €1,260 | €1,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,571 | -€57,294 | +€16,277 | +22.1% |
| Amounts payable | 17/49 | €87,188 | €90,663 | +€3,475 | +4.0% |
| Amounts payable within one year | 42/48 | €81,188 | €84,663 | +€3,475 | +4.3% |
| Trade debts | 44 | €86 | €5,233 | +€5,147 | +5,985% |
| Suppliers | 440/4 | €86 | €5,233 | +€5,147 | +5,985% |
| Taxes, remuneration and social security | 45 | €5,703 | €6,240 | +€537 | +9.4% |
| Taxes | 450/3 | €4,703 | €3,890 | -€813 | -17.3% |
| Remuneration and social security | 454/9 | €1,000 | €2,350 | +€1,350 | +135% |
| Other amounts payable | 47/48 | €75,399 | €73,190 | -€2,209 | -2.9% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,113 | €5,524 | -€589 | -9.6% |
| Other operating charges | 640/8 | €1,403 | €1,438 | +€35 | +2.5% |
| Gross operating margin | 9900 | €23,689 | €23,535 | -€154 | -0.7% |
| Operating profit (loss) | 9901 | €16,173 | €16,573 | +€400 | +2.5% |
| Financial income | 75/76B | €152 | €20 | -€132 | -86.8% |
| Recurring financial income | 75 | €152 | €20 | -€132 | -86.8% |
| Financial charges | 65/66B | €107 | €175 | +€68 | +63.6% |
| Recurring financial charges | 65 | €107 | €175 | +€68 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €16,218 | €16,418 | +€200 | +1.2% |
| Income taxes | 67/77 | €139 | €141 | +€2 | +1.4% |
| Profit (loss) for the period | 9904 | €16,079 | €16,277 | +€198 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,079 | €16,277 | +€198 | +1.2% |
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 17 October 2026 via checked.be.