DE ZOETEN: 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 ZOETEN
Largest movements
- Cash -€33,969
down €33,969 (-32.7%), from €104,033 to €70,065
mainly Tax, wage and social debts (-€27,076) and Receivables within one year (-€21,432)
- Receivables within one year +€21,432
up €21,432 (+46.9%), from €45,656 to €67,088
of which Other amounts receivable: +€39,302
- Tangible fixed assets -€14,370
down €14,370 (-75.0%), from €19,171 to €4,801
of which Other tangible fixed assets: -€12,565
- Tax, wage and social debts -€27,076
down €27,076 (-58.6%), from €46,178 to €19,102
of which Taxes: -€25,709
- Reserves +€15,195
up €15,195 (+20.8%), from €73,162 to €88,358
of which Distributable reserves: +€88,358
- Current portion of long-term debt -€6,954
down €6,954 (-57.7%), from €12,053 to €5,099
- Debts after one year -€5,099
no longer reported in 2025 (was €5,099)
- Trade debts -€3,728
down €3,728 (-51.4%), from €7,247 to €3,519
- Gross operating margin -€61,230
down €61,230 (-35.8%), from €171,065 to €109,834
- Staff costs +€21,631
up €21,631 (+32.9%), from €65,734 to €87,366
- Taxes -€4,363
down €4,363 (-53.5%), from €8,161 to €3,799
- Depreciation -€3,054
down €3,054 (-58.3%), from €5,240 to €2,186
- Other operating charges -€2,345
down €2,345 (-65.5%), from €3,583 to €1,238
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 | €181,321 | €152,739 | -€28,582 | -15.8% |
| Fixed assets | 21/28 | €19,171 | €4,801 | -€14,370 | -75.0% |
| Tangible fixed assets | 22/27 | €19,171 | €4,801 | -€14,370 | -75.0% |
| Plant, machinery and equipment | 23 | €3,823 | €2,017 | -€1,805 | -47.2% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €15,349 | €2,784 | -€12,565 | -81.9% |
| Current assets | 29/58 | €162,149 | €147,937 | -€14,212 | -8.8% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,656 | €67,088 | +€21,432 | +46.9% |
| Trade receivables | 40 | €27,742 | €9,872 | -€17,870 | -64.4% |
| Other amounts receivable | 41 | €17,915 | €57,216 | +€39,302 | +219% |
| Cash at bank and in hand | 54/58 | €104,033 | €70,065 | -€33,969 | -32.7% |
| Deferred charges and accrued income | 490/1 | €2,460 | €784 | -€1,676 | -68.1% |
| Total equity and liabilities | 10/49 | €181,321 | €152,739 | -€28,582 | -15.8% |
| Equity | 10/15 | €91,762 | €106,958 | +€15,195 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,162 | €88,358 | +€15,195 | +20.8% |
| Non-distributable reserves | 130/1 | €73,162 | - | -€73,162 | |
| Reserves not available under the articles | 1311 | €73,162 | - | -€73,162 | |
| Distributable reserves | 133 | - | €88,358 | +€88,358 | |
| Amounts payable | 17/49 | €89,559 | €45,781 | -€43,778 | -48.9% |
| Amounts payable after more than one year | 17 | €5,099 | - | -€5,099 | |
| Financial debts | 170/4 | €5,099 | - | -€5,099 | |
| Amounts payable within one year | 42/48 | €68,009 | €28,720 | -€39,289 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €12,053 | €5,099 | -€6,954 | -57.7% |
| Trade debts | 44 | €7,247 | €3,519 | -€3,728 | -51.4% |
| Suppliers | 440/4 | €7,247 | €3,519 | -€3,728 | -51.4% |
| Advances received on contracts in progress | 46 | €1,531 | €0 | -€1,531 | -100% |
| Taxes, remuneration and social security | 45 | €46,178 | €19,102 | -€27,076 | -58.6% |
| Taxes | 450/3 | €37,075 | €11,366 | -€25,709 | -69.3% |
| Remuneration and social security | 454/9 | €9,102 | €7,736 | -€1,367 | -15.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,451 | €17,061 | +€610 | +3.7% |
| Non-recurring operating income | 76A | €369 | - | -€369 | |
| Remuneration, social security and pensions | 62 | €65,734 | €87,366 | +€21,631 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,240 | €2,186 | -€3,054 | -58.3% |
| Other operating charges | 640/8 | €3,583 | €1,238 | -€2,345 | -65.5% |
| Gross operating margin | 9900 | €171,065 | €109,834 | -€61,230 | -35.8% |
| Operating profit (loss) | 9901 | €96,508 | €19,045 | -€77,462 | -80.3% |
| Financial income | 75/76B | €57 | €478 | +€420 | +734% |
| Recurring financial income | 75 | €57 | €478 | +€420 | +734% |
| Financial charges | 65/66B | €1,292 | €529 | -€764 | -59.1% |
| Recurring financial charges | 65 | €1,292 | €529 | -€764 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €95,272 | €18,994 | -€76,278 | -80.1% |
| Income taxes | 67/77 | €8,161 | €3,799 | -€4,363 | -53.5% |
| Profit (loss) for the period | 9904 | €87,111 | €15,195 | -€71,916 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,111 | €15,195 | -€71,916 | -82.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.