DE ZEEWIND: 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 ZEEWIND
Largest movements
- Stocks and contracts -€3,572
down €3,572 (-4.8%), from €74,266 to €70,694
- Tangible fixed assets -€2,038
down €2,038 (-31.5%), from €6,474 to €4,436
- Profit (loss) carried forward -€4,831
down €4,831 (-4.2%), from -€115,214 to -€120,045
- Trade debts +€2,326
up €2,326 (+13.7%), from €16,964 to €19,289
- Tax, wage and social debts -€1,377
down €1,377 (-43.9%), from €3,137 to €1,760
- Short-term financial debts -€933
down €933 (-5.0%), from €18,472 to €17,539
- Gross operating margin -€9,912
down €9,912 (-93.1%), from €10,648 to €736
- Other operating charges +€352
up €352 (+78.0%), from €451 to €804
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 | €80,908 | €75,364 | -€5,545 | -6.9% |
| Fixed assets | 21/28 | €6,474 | €4,436 | -€2,038 | -31.5% |
| Tangible fixed assets | 22/27 | €6,474 | €4,436 | -€2,038 | -31.5% |
| Other tangible fixed assets | 26 | €6,474 | €4,436 | -€2,038 | -31.5% |
| Current assets | 29/58 | €74,434 | €70,928 | -€3,507 | -4.7% |
| Stocks and contracts in progress | 3 | €74,266 | €70,694 | -€3,572 | -4.8% |
| Stocks | 30/36 | €74,266 | €70,694 | -€3,572 | -4.8% |
| Amounts receivable within one year | 40/41 | - | €66 | +€66 | |
| Trade receivables | 40 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €52 | €60 | +€8 | +14.8% |
| Deferred charges and accrued income | 490/1 | €117 | €108 | -€9 | -7.5% |
| Total equity and liabilities | 10/49 | €80,908 | €75,364 | -€5,545 | -6.9% |
| Equity | 10/15 | -€102,814 | -€107,645 | -€4,831 | -4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,214 | -€120,045 | -€4,831 | -4.2% |
| Amounts payable | 17/49 | €183,723 | €183,008 | -€714 | -0.4% |
| Amounts payable within one year | 42/48 | €183,373 | €182,861 | -€511 | -0.3% |
| Financial debts | 43 | €18,472 | €17,539 | -€933 | -5.0% |
| Credit institutions | 430/8 | €18,472 | €17,539 | -€933 | -5.0% |
| Trade debts | 44 | €16,964 | €19,289 | +€2,326 | +13.7% |
| Suppliers | 440/4 | €16,964 | €19,289 | +€2,326 | +13.7% |
| Taxes, remuneration and social security | 45 | €3,137 | €1,760 | -€1,377 | -43.9% |
| Taxes | 450/3 | €3,137 | €1,760 | -€1,377 | -43.9% |
| Other amounts payable | 47/48 | €144,801 | €144,273 | -€527 | -0.4% |
| Accrued charges and deferred income | 492/3 | €350 | €147 | -€203 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,038 | €2,038 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €804 | +€352 | +78.0% |
| Gross operating margin | 9900 | €10,648 | €736 | -€9,912 | -93.1% |
| Operating profit (loss) | 9901 | €8,158 | -€2,106 | -€10,264 | |
| Financial income | 75/76B | €41 | €9 | -€32 | -77.7% |
| Recurring financial income | 75 | €41 | €9 | -€32 | -77.7% |
| Financial charges | 65/66B | €2,731 | €2,734 | +€3 | +0.1% |
| Recurring financial charges | 65 | €2,731 | €2,734 | +€3 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €5,468 | -€4,831 | -€10,299 | |
| Profit (loss) for the period | 9904 | €5,468 | -€4,831 | -€10,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,468 | -€4,831 | -€10,299 |
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 20 October 2026 via checked.be.