De Zeewinde: 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 Zeewinde
Largest movements
- Cash +€32,979
up €32,979 (+50.5%), from €65,331 to €98,310
mainly Net result for the year (+€22,352) and Depreciation (+€15,135)
- Tangible fixed assets -€9,666
down €9,666 (-1.5%), from €642,081 to €632,415
- Profit (loss) carried forward +€22,352
up €22,352 (+31.6%), from -€70,681 to -€48,329
- Gross operating margin +€14,824
up €14,824 (+52.6%), from €28,158 to €42,982
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 | €716,546 | €739,765 | +€23,219 | +3.2% |
| Fixed assets | 21/28 | €642,081 | €632,415 | -€9,666 | -1.5% |
| Tangible fixed assets | 22/27 | €642,081 | €632,415 | -€9,666 | -1.5% |
| Land and buildings | 22 | €642,081 | €632,415 | -€9,666 | -1.5% |
| Current assets | 29/58 | €74,465 | €107,349 | +€32,884 | +44.2% |
| Amounts receivable within one year | 40/41 | €8,340 | €8,863 | +€524 | +6.3% |
| Trade receivables | 40 | €8,340 | €8,863 | +€524 | +6.3% |
| Cash at bank and in hand | 54/58 | €65,331 | €98,310 | +€32,979 | +50.5% |
| Deferred charges and accrued income | 490/1 | €794 | €176 | -€618 | -77.8% |
| Total equity and liabilities | 10/49 | €716,546 | €739,765 | +€23,219 | +3.2% |
| Equity | 10/15 | -€52,081 | -€29,729 | +€22,352 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,681 | -€48,329 | +€22,352 | +31.6% |
| Amounts payable | 17/49 | €768,627 | €769,494 | +€867 | +0.1% |
| Amounts payable within one year | 42/48 | €768,627 | €769,494 | +€867 | +0.1% |
| Trade debts | 44 | €211 | €208 | -€2 | -1.1% |
| Suppliers | 440/4 | €211 | €208 | -€2 | -1.1% |
| Other amounts payable | 47/48 | €768,416 | €769,286 | +€869 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,998 | €15,135 | +€136 | +0.9% |
| Other operating charges | 640/8 | €4,079 | €4,136 | +€58 | +1.4% |
| Gross operating margin | 9900 | €28,158 | €42,982 | +€14,824 | +52.6% |
| Operating profit (loss) | 9901 | €9,081 | €23,711 | +€14,630 | +161% |
| Financial charges | 65/66B | €1,554 | €1,359 | -€195 | -12.5% |
| Recurring financial charges | 65 | €1,554 | €1,359 | -€195 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €7,527 | €22,352 | +€14,824 | +197% |
| Profit (loss) for the period | 9904 | €7,527 | €22,352 | +€14,824 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €7,527 | €22,352 | +€14,824 | +197% |
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 21 October 2026 via checked.be.