DE ZEEUWSE BRON: what changed
DE ZEEUWSE BRON
Largest movements
- Cash -€42,038
down €42,038 (-29.2%), from €143,748 to €101,710
mainly Investment in fixed assets (net) (-€45,860) and Debts after one year (-€25,427)
- Receivables within one year +€9,212
up €9,212 (+84.7%), from €10,880 to €20,092
of which Other amounts receivable: +€15,859
- Stocks and contracts -€8,173
down €8,173 (-36.4%), from €22,477 to €14,304
- Current investments -€5,182
down €5,182 (-10.6%), from €49,094 to €43,913
- Debts after one year -€25,427
down €25,427 (-24.6%), from €103,464 to €78,037
- Trade debts -€12,071
down €12,071 (-57.2%), from €21,110 to €9,039
- Tax, wage and social debts -€9,993
down €9,993 (-33.3%), from €30,026 to €20,032
of which Taxes: -€9,914
- Gross operating margin -€57,899
down €57,899 (-26.7%), from €216,986 to €159,088
- Taxes -€22,039
down €22,039 (-74.6%), from €29,532 to €7,494
- Financial income +€5,102
up €5,102 (+3,766%), from €135 to €5,238
- Depreciation +€2,363
up €2,363 (+5.7%), from €41,114 to €43,477
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 | €441,451 | €395,301 | -€46,150 | -10.5% |
| Fixed assets | 21/28 | €212,899 | €215,282 | +€2,383 | +1.1% |
| Tangible fixed assets | 22/27 | €212,899 | €215,282 | +€2,383 | +1.1% |
| Land and buildings | 22 | €113,815 | €102,221 | -€11,594 | -10.2% |
| Plant, machinery and equipment | 23 | €11,543 | €40,065 | +€28,522 | +247% |
| Furniture and vehicles | 24 | €87,540 | €72,996 | -€14,544 | -16.6% |
| Current assets | 29/58 | €228,552 | €180,019 | -€48,533 | -21.2% |
| Stocks and contracts in progress | 3 | €22,477 | €14,304 | -€8,173 | -36.4% |
| Stocks | 30/36 | €22,477 | €14,304 | -€8,173 | -36.4% |
| Amounts receivable within one year | 40/41 | €10,880 | €20,092 | +€9,212 | +84.7% |
| Trade receivables | 40 | €6,647 | €0 | -€6,647 | -100% |
| Other amounts receivable | 41 | €4,233 | €20,092 | +€15,859 | +375% |
| Current investments | 50/53 | €49,094 | €43,913 | -€5,182 | -10.6% |
| Cash at bank and in hand | 54/58 | €143,748 | €101,710 | -€42,038 | -29.2% |
| Deferred charges and accrued income | 490/1 | €2,353 | €0 | -€2,353 | -100% |
| Total equity and liabilities | 10/49 | €441,451 | €395,301 | -€46,150 | -10.5% |
| Equity | 10/15 | €236,780 | €237,546 | +€766 | +0.3% |
| Contributions | 10/11 | €42,247 | €42,247 | = | 0.0% |
| Reserves | 13 | €194,533 | €195,299 | +€766 | +0.4% |
| Distributable reserves | 133 | €194,533 | €195,299 | +€766 | +0.4% |
| Amounts payable | 17/49 | €204,671 | €157,754 | -€46,916 | -22.9% |
| Amounts payable after more than one year | 17 | €103,464 | €78,037 | -€25,427 | -24.6% |
| Financial debts | 170/4 | €103,464 | €78,037 | -€25,427 | -24.6% |
| Amounts payable within one year | 42/48 | €101,207 | €79,718 | -€21,489 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €29,617 | €30,523 | +€906 | +3.1% |
| Trade debts | 44 | €21,110 | €9,039 | -€12,071 | -57.2% |
| Suppliers | 440/4 | €21,110 | €9,039 | -€12,071 | -57.2% |
| Taxes, remuneration and social security | 45 | €30,026 | €20,032 | -€9,993 | -33.3% |
| Taxes | 450/3 | €20,867 | €10,953 | -€9,914 | -47.5% |
| Remuneration and social security | 454/9 | €9,159 | €9,079 | -€80 | -0.9% |
| Other amounts payable | 47/48 | €20,454 | €20,123 | -€331 | -1.6% |
| Remuneration, social security and pensions | 62 | €98,693 | €99,658 | +€965 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,114 | €43,477 | +€2,363 | +5.7% |
| Other operating charges | 640/8 | €3,419 | €3,771 | +€353 | +10.3% |
| Gross operating margin | 9900 | €216,986 | €159,088 | -€57,899 | -26.7% |
| Operating profit (loss) | 9901 | €73,761 | €12,182 | -€61,579 | -83.5% |
| Financial income | 75/76B | €135 | €5,238 | +€5,102 | +3,766% |
| Recurring financial income | 75 | €135 | €5,238 | +€5,102 | +3,766% |
| Financial charges | 65/66B | €8,995 | €9,160 | +€165 | +1.8% |
| Recurring financial charges | 65 | €8,995 | €9,160 | +€165 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €64,902 | €8,260 | -€56,642 | -87.3% |
| Income taxes | 67/77 | €29,532 | €7,494 | -€22,039 | -74.6% |
| Profit (loss) for the period | 9904 | €35,370 | €766 | -€34,603 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,370 | €766 | -€34,603 | -97.8% |
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 4 November 2026 via checked.be.