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
- Tangible fixed assets -€27,537
down €27,537 (-24.4%), from €112,659 to €85,121
- Cash +€9,630
up €9,630 (+48.8%), from €19,746 to €29,377
mainly Depreciation (+€39,344) and Net result for the year (+€11,477)
- Intangible fixed assets -€7,500
down €7,500 (-33.3%), from €22,500 to €15,000
- Receivables within one year +€6,673
up €6,673 (+18.1%), from €36,965 to €43,638
of which Other amounts receivable: +€17,368
- Stocks and contracts -€3,586
down €3,586 (-13.5%), from €26,512 to €22,926
- Trade debts -€23,815
down €23,815 (-47.4%), from €50,227 to €26,412
- Tax, wage and social debts -€12,036
down €12,036 (-23.1%), from €52,122 to €40,086
of which Remuneration and social security: -€10,591
- Profit (loss) carried forward +€11,477
up €11,477 (+37.0%), from -€31,024 to -€19,547
- Staff costs -€73,068
down €73,068 (-20.0%), from €365,872 to €292,804
- Gross operating margin -€9,761
down €9,761 (-2.7%), from €360,060 to €350,299
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 | €224,504 | €200,131 | -€24,374 | -10.9% |
| Fixed assets | 21/28 | €135,159 | €100,121 | -€35,037 | -25.9% |
| Intangible fixed assets | 21 | €22,500 | €15,000 | -€7,500 | -33.3% |
| Tangible fixed assets | 22/27 | €112,659 | €85,121 | -€27,537 | -24.4% |
| Plant, machinery and equipment | 23 | €37,018 | €27,432 | -€9,586 | -25.9% |
| Furniture and vehicles | 24 | €28,101 | €19,631 | -€8,470 | -30.1% |
| Other tangible fixed assets | 26 | €47,539 | €38,058 | -€9,482 | -19.9% |
| Current assets | 29/58 | €89,346 | €100,010 | +€10,664 | +11.9% |
| Stocks and contracts in progress | 3 | €26,512 | €22,926 | -€3,586 | -13.5% |
| Stocks | 30/36 | €26,512 | €22,926 | -€3,586 | -13.5% |
| Amounts receivable within one year | 40/41 | €36,965 | €43,638 | +€6,673 | +18.1% |
| Trade receivables | 40 | €27,187 | €16,492 | -€10,695 | -39.3% |
| Other amounts receivable | 41 | €9,778 | €27,146 | +€17,368 | +178% |
| Cash at bank and in hand | 54/58 | €19,746 | €29,377 | +€9,630 | +48.8% |
| Deferred charges and accrued income | 490/1 | €6,122 | €4,068 | -€2,054 | -33.5% |
| Total equity and liabilities | 10/49 | €224,504 | €200,131 | -€24,374 | -10.9% |
| Equity | 10/15 | €122,156 | €133,633 | +€11,477 | +9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €133,179 | €133,179 | = | 0.0% |
| Distributable reserves | 133 | €133,179 | €133,179 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,024 | -€19,547 | +€11,477 | +37.0% |
| Amounts payable | 17/49 | €102,349 | €66,498 | -€35,851 | -35.0% |
| Amounts payable within one year | 42/48 | €102,349 | €66,498 | -€35,851 | -35.0% |
| Trade debts | 44 | €50,227 | €26,412 | -€23,815 | -47.4% |
| Suppliers | 440/4 | €50,227 | €26,412 | -€23,815 | -47.4% |
| Taxes, remuneration and social security | 45 | €52,122 | €40,086 | -€12,036 | -23.1% |
| Taxes | 450/3 | €15,793 | €14,349 | -€1,444 | -9.1% |
| Remuneration and social security | 454/9 | €36,329 | €25,737 | -€10,591 | -29.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €365,872 | €292,804 | -€73,068 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,296 | €39,344 | +€2,048 | +5.5% |
| Other operating charges | 640/8 | €1,712 | €1,762 | +€50 | +2.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €360,060 | €350,299 | -€9,761 | -2.7% |
| Operating profit (loss) | 9901 | -€44,820 | €16,388 | +€61,209 | |
| Financial income | 75/76B | €570 | €1 | -€569 | -99.8% |
| Recurring financial income | 75 | €570 | €1 | -€569 | -99.8% |
| Financial charges | 65/66B | €4,511 | €4,714 | +€203 | +4.5% |
| Recurring financial charges | 65 | €4,511 | €4,714 | +€203 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,762 | €11,676 | +€60,437 | |
| Income taxes | 67/77 | €190 | €199 | +€8 | +4.4% |
| Profit (loss) for the period | 9904 | -€48,952 | €11,477 | +€60,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,952 | €11,477 | +€60,429 |
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 25 October 2026 via checked.be.