DE ZEURTE: 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 ZEURTE
Largest movements
- Receivables after one year +€174,178
up €174,178 (+203%), from €85,822 to €260,000
- Receivables within one year -€167,181
down €167,181 (-33.2%), from €503,906 to €336,726
- Deferred charges and accrued income +€25,670
up €25,670 (+2,957%), from €868 to €26,538
- Tangible fixed assets -€16,317
down €16,317 (-3.1%), from €524,751 to €508,434
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€20,049
up €20,049 (+314%), from €6,385 to €26,434
- Taxes +€8,820
up €8,820 (+327%), from €2,700 to €11,520
- Depreciation +€1,276
up €1,276 (+5.3%), from €24,136 to €25,412
- Gross operating margin +€1,094
up €1,094 (+5.6%), from €19,630 to €20,725
- Other operating charges +€653
up €653 (+14.5%), from €4,505 to €5,158
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 | €1,121,486 | €1,139,957 | +€18,471 | +1.6% |
| Fixed assets | 21/28 | €524,751 | €508,434 | -€16,317 | -3.1% |
| Tangible fixed assets | 22/27 | €524,751 | €508,434 | -€16,317 | -3.1% |
| Land and buildings | 22 | €524,751 | €508,434 | -€16,317 | -3.1% |
| Current assets | 29/58 | €596,735 | €631,523 | +€34,788 | +5.8% |
| Amounts receivable after more than one year | 29 | €85,822 | €260,000 | +€174,178 | +203% |
| Other amounts receivable | 291 | €85,822 | €260,000 | +€174,178 | +203% |
| Amounts receivable within one year | 40/41 | €503,906 | €336,726 | -€167,181 | -33.2% |
| Other amounts receivable | 41 | €503,906 | €336,726 | -€167,181 | -33.2% |
| Cash at bank and in hand | 54/58 | €6,139 | €8,259 | +€2,120 | +34.5% |
| Deferred charges and accrued income | 490/1 | €868 | €26,538 | +€25,670 | +2,957% |
| Total equity and liabilities | 10/49 | €1,121,486 | €1,139,957 | +€18,471 | +1.6% |
| Equity | 10/15 | €1,044,317 | €1,053,631 | +€9,313 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €894,661 | €903,974 | +€9,313 | +1.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €218,836 | €205,654 | -€13,182 | -6.0% |
| Distributable reserves | 133 | €669,625 | €692,120 | +€22,496 | +3.4% |
| Profit (loss) carried forward | 14 | €87,656 | €87,656 | = | 0.0% |
| Provisions and deferred taxes | 16 | €72,945 | €68,551 | -€4,394 | -6.0% |
| Deferred taxes | 168 | €72,945 | €68,551 | -€4,394 | -6.0% |
| Amounts payable | 17/49 | €4,223 | €17,775 | +€13,552 | +321% |
| Amounts payable within one year | 42/48 | €2,678 | €15,325 | +€12,647 | +472% |
| Trade debts | 44 | €111 | €1,473 | +€1,362 | +1,224% |
| Suppliers | 440/4 | €111 | €1,473 | +€1,362 | +1,224% |
| Taxes, remuneration and social security | 45 | €2,566 | €13,852 | +€11,285 | +440% |
| Taxes | 450/3 | €2,566 | €13,852 | +€11,285 | +440% |
| Accrued charges and deferred income | 492/3 | €1,545 | €2,450 | +€905 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,136 | €25,412 | +€1,276 | +5.3% |
| Other operating charges | 640/8 | €4,505 | €5,158 | +€653 | +14.5% |
| Gross operating margin | 9900 | €19,630 | €20,725 | +€1,094 | +5.6% |
| Operating profit (loss) | 9901 | -€9,010 | -€9,845 | -€835 | -9.3% |
| Financial income | 75/76B | €6,385 | €26,434 | +€20,049 | +314% |
| Recurring financial income | 75 | €6,385 | €26,434 | +€20,049 | +314% |
| Financial charges | 65/66B | €213 | €150 | -€63 | -29.4% |
| Recurring financial charges | 65 | €213 | €150 | -€63 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,838 | €16,439 | +€19,277 | |
| Transfer from deferred taxes | 780 | €4,394 | €4,394 | = | 0.0% |
| Income taxes | 67/77 | €2,700 | €11,520 | +€8,820 | +327% |
| Profit (loss) for the period | 9904 | -€1,144 | €9,313 | +€10,457 | |
| Transfer from tax-exempt reserves | 789 | €13,182 | €13,182 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,039 | €22,496 | +€10,457 | +86.9% |
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 19 October 2026 via checked.be.