DE ZEVEN BUNDERS: 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 ZEVEN BUNDERS
Largest movements
- Tangible fixed assets +€11,369
up €11,369 (+9.9%), from €114,829 to €126,198
- Cash -€9,549
down €9,549 (-54.9%), from €17,395 to €7,846
mainly Net result for the year (-€136,931) and Investment in fixed assets (net) (-€25,000)
- Receivables within one year -€5,675
down €5,675 (-60.5%), from €9,382 to €3,707
of which Trade receivables: -€5,909
- Profit (loss) carried forward -€136,931
down €136,931 (-260%), from -€52,592 to -€189,523
- Other debts +€111,055
up €111,055 (+279%), from €39,787 to €150,841
- Debts after one year +€17,668
up €17,668 (+21.5%), from €82,181 to €99,849
- Tax, wage and social debts +€5,846
up €5,846 (+13,362%), from €44 to €5,889
of which Remuneration and social security: +€5,817
- Trade debts -€4,996
down €4,996 (-53.1%), from €9,413 to €4,417
- Gross operating margin -€69,824
down €69,824 (-155%), from -€45,046 to -€114,870
- Depreciation +€6,406
up €6,406 (+88.7%), from €7,225 to €13,631
- Staff costs +€5,817
new in 2025: €5,817
- Financial charges +€2,292
up €2,292 (+716%), from €320 to €2,613
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 | €141,859 | €138,007 | -€3,852 | -2.7% |
| Fixed assets | 21/28 | €114,829 | €126,198 | +€11,369 | +9.9% |
| Tangible fixed assets | 22/27 | €114,829 | €126,198 | +€11,369 | +9.9% |
| Plant, machinery and equipment | 23 | €114,829 | €126,198 | +€11,369 | +9.9% |
| Current assets | 29/58 | €27,030 | €11,809 | -€15,221 | -56.3% |
| Amounts receivable within one year | 40/41 | €9,382 | €3,707 | -€5,675 | -60.5% |
| Trade receivables | 40 | €5,909 | €0 | -€5,909 | -100% |
| Other amounts receivable | 41 | €3,474 | €3,707 | +€234 | +6.7% |
| Cash at bank and in hand | 54/58 | €17,395 | €7,846 | -€9,549 | -54.9% |
| Deferred charges and accrued income | 490/1 | €253 | €256 | +€3 | +1.1% |
| Total equity and liabilities | 10/49 | €141,859 | €138,007 | -€3,852 | -2.7% |
| Equity | 10/15 | €7,408 | -€129,523 | -€136,931 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,592 | -€189,523 | -€136,931 | -260% |
| Amounts payable | 17/49 | €134,451 | €267,530 | +€133,079 | +99.0% |
| Amounts payable after more than one year | 17 | €82,181 | €99,849 | +€17,668 | +21.5% |
| Financial debts | 170/4 | €82,181 | €99,849 | +€17,668 | +21.5% |
| Amounts payable within one year | 42/48 | €52,062 | €167,680 | +€115,618 | +222% |
| Current portion of amounts payable after more than one year | 42 | €2,819 | €2,332 | -€487 | -17.3% |
| Trade debts | 44 | €9,413 | €4,417 | -€4,996 | -53.1% |
| Suppliers | 440/4 | €9,413 | €4,417 | -€4,996 | -53.1% |
| Advances received on contracts in progress | 46 | - | €4,201 | +€4,201 | |
| Taxes, remuneration and social security | 45 | €44 | €5,889 | +€5,846 | +13,362% |
| Taxes | 450/3 | €44 | €73 | +€29 | +65.9% |
| Remuneration and social security | 454/9 | - | €5,817 | +€5,817 | |
| Other amounts payable | 47/48 | €39,787 | €150,841 | +€111,055 | +279% |
| Accrued charges and deferred income | 492/3 | €207 | €0 | -€207 | -100% |
| Remuneration, social security and pensions | 62 | - | €5,817 | +€5,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €13,631 | +€6,406 | +88.7% |
| Gross operating margin | 9900 | -€45,046 | -€114,870 | -€69,824 | -155% |
| Operating profit (loss) | 9901 | -€52,272 | -€134,318 | -€82,046 | -157% |
| Financial charges | 65/66B | €320 | €2,613 | +€2,292 | +716% |
| Recurring financial charges | 65 | €320 | €2,613 | +€2,292 | +716% |
| Profit (loss) for the period before taxes | 9903 | -€52,592 | -€136,931 | -€84,339 | -160% |
| Profit (loss) for the period | 9904 | -€52,592 | -€136,931 | -€84,339 | -160% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,592 | -€136,931 | -€84,339 | -160% |
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 28 October 2026 via checked.be.