DE ZEVENSTER: 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 ZEVENSTER
Largest movements
- Receivables within one year +€97,919
up €97,919 (+873%), from €11,222 to €109,140
of which Trade receivables: +€61,500
- Tangible fixed assets -€83,045
down €83,045 (-62.3%), from €133,291 to €50,246
of which Leasing and similar rights: -€73,343
- Stocks and contracts +€13,300
up €13,300 (+58.1%), from €22,900 to €36,200
- Advances received +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€19,138
down €19,138 (-10.9%), from -€175,017 to -€194,155
- Trade debts +€17,600
up €17,600 (+289%), from €6,092 to €23,692
- Current portion of long-term debt -€9,023
down €9,023 (-100%), from €9,023 to €0
- Other debts -€5,412
down €5,412 (-100%), from €5,412 to €0
- Gross operating margin -€256,609
down €256,609 (-97.0%), from €264,618 to €8,009
- Depreciation -€5,337
down €5,337 (-30.2%), from €17,643 to €12,306
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 | €168,735 | €198,138 | +€29,402 | +17.4% |
| Fixed assets | 21/28 | €133,291 | €50,246 | -€83,045 | -62.3% |
| Tangible fixed assets | 22/27 | €133,291 | €50,246 | -€83,045 | -62.3% |
| Land and buildings | 22 | €3,678 | €2,628 | -€1,050 | -28.6% |
| Plant, machinery and equipment | 23 | €16,860 | €12,783 | -€4,077 | -24.2% |
| Furniture and vehicles | 24 | €16,693 | €12,118 | -€4,575 | -27.4% |
| Leasing and similar rights | 25 | €73,343 | €0 | -€73,343 | -100% |
| Assets under construction and advance payments | 27 | €22,717 | €22,717 | = | 0.0% |
| Current assets | 29/58 | €35,444 | €147,891 | +€112,447 | +317% |
| Stocks and contracts in progress | 3 | €22,900 | €36,200 | +€13,300 | +58.1% |
| Stocks | 30/36 | €22,900 | €36,200 | +€13,300 | +58.1% |
| Amounts receivable within one year | 40/41 | €11,222 | €109,140 | +€97,919 | +873% |
| Trade receivables | 40 | €9,500 | €71,000 | +€61,500 | +647% |
| Other amounts receivable | 41 | €1,722 | €38,140 | +€36,419 | +2,115% |
| Cash at bank and in hand | 54/58 | €1,000 | €2,551 | +€1,551 | +155% |
| Deferred charges and accrued income | 490/1 | €322 | €0 | -€322 | -100% |
| Total equity and liabilities | 10/49 | €168,735 | €198,138 | +€29,402 | +17.4% |
| Equity | 10/15 | €113,583 | €94,445 | -€19,138 | -16.8% |
| Contributions | 10/11 | €288,600 | €288,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,017 | -€194,155 | -€19,138 | -10.9% |
| Amounts payable | 17/49 | €55,152 | €103,692 | +€48,540 | +88.0% |
| Amounts payable after more than one year | 17 | €34,625 | €30,000 | -€4,625 | -13.4% |
| Financial debts | 170/4 | €34,625 | €30,000 | -€4,625 | -13.4% |
| Amounts payable within one year | 42/48 | €20,527 | €73,692 | +€53,165 | +259% |
| Current portion of amounts payable after more than one year | 42 | €9,023 | €0 | -€9,023 | -100% |
| Trade debts | 44 | €6,092 | €23,692 | +€17,600 | +289% |
| Suppliers | 440/4 | €6,092 | €23,692 | +€17,600 | +289% |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Other amounts payable | 47/48 | €5,412 | €0 | -€5,412 | -100% |
| Non-recurring operating income | 76A | €285,000 | €0 | -€285,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,643 | €12,306 | -€5,337 | -30.2% |
| Other operating charges | 640/8 | €1,357 | €1,398 | +€41 | +3.0% |
| Non-recurring operating charges | 66A | - | €13,343 | +€13,343 | |
| Gross operating margin | 9900 | €264,618 | €8,009 | -€256,609 | -97.0% |
| Operating profit (loss) | 9901 | €245,619 | -€19,038 | -€264,657 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €92 | €100 | +€8 | +8.9% |
| Recurring financial charges | 65 | €92 | €100 | +€8 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €245,527 | -€19,138 | -€264,665 | |
| Profit (loss) for the period | 9904 | €245,527 | -€19,138 | -€264,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €245,527 | -€19,138 | -€264,665 |
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 24 October 2026 via checked.be.