De Zolder: 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 Zolder
Largest movements
- Stocks and contracts +€15,495
up €15,495 (+33.6%), from €46,178 to €61,673
- Tangible fixed assets +€15,323
up €15,323 (+222%), from €6,891 to €22,214
of which Furniture and vehicles: +€10,659
- Receivables within one year +€11,020
up €11,020 (+34.3%), from €32,088 to €43,109
of which Trade receivables: +€17,204
- Cash +€6,316
up €6,316 (+11.6%), from €54,383 to €60,698
mainly Trade debts (+€16,580) and Debts after one year (+€14,077)
- Trade debts +€16,580
up €16,580 (+25.5%), from €65,040 to €81,620
- Debts after one year +€14,077
new in 2025: €14,077
- Reserves +€11,134
up €11,134 (+15.6%), from €71,231 to €82,365
of which Distributable reserves: +€11,134
- Tax, wage and social debts +€4,723
up €4,723 (+444%), from €1,065 to €5,787
of which Remuneration and social security: +€4,016
- Gross operating margin +€31,096
up €31,096 (+79.0%), from €39,341 to €70,438
- Staff costs +€16,153
up €16,153 (+65.4%), from €24,697 to €40,850
- Depreciation +€3,447
up €3,447 (+70.3%), from €4,902 to €8,350
- Taxes +€2,884
up €2,884 (+120%), from €2,410 to €5,294
- Other operating charges -€2,419
down €2,419 (-52.0%), from €4,651 to €2,232
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 | €163,791 | €210,828 | +€47,037 | +28.7% |
| Fixed assets | 21/28 | €27,619 | €43,012 | +€15,393 | +55.7% |
| Tangible fixed assets | 22/27 | €6,891 | €22,214 | +€15,323 | +222% |
| Plant, machinery and equipment | 23 | €95 | - | -€95 | |
| Furniture and vehicles | 24 | €6,309 | €16,968 | +€10,659 | +169% |
| Leasing and similar rights | 25 | - | €5,114 | +€5,114 | |
| Other tangible fixed assets | 26 | €486 | €131 | -€355 | -73.0% |
| Financial fixed assets | 28 | €20,728 | €20,798 | +€70 | +0.3% |
| Current assets | 29/58 | €136,172 | €167,815 | +€31,643 | +23.2% |
| Stocks and contracts in progress | 3 | €46,178 | €61,673 | +€15,495 | +33.6% |
| Stocks | 30/36 | €46,178 | €61,673 | +€15,495 | +33.6% |
| Amounts receivable within one year | 40/41 | €32,088 | €43,109 | +€11,020 | +34.3% |
| Trade receivables | 40 | €25,905 | €43,109 | +€17,204 | +66.4% |
| Other amounts receivable | 41 | €6,184 | - | -€6,184 | |
| Cash at bank and in hand | 54/58 | €54,383 | €60,698 | +€6,316 | +11.6% |
| Deferred charges and accrued income | 490/1 | €3,523 | €2,336 | -€1,187 | -33.7% |
| Total equity and liabilities | 10/49 | €163,791 | €210,828 | +€47,037 | +28.7% |
| Equity | 10/15 | €89,831 | €100,965 | +€11,134 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,231 | €82,365 | +€11,134 | +15.6% |
| Tax-exempt reserves | 132 | €226 | €226 | = | 0.0% |
| Distributable reserves | 133 | €71,005 | €82,139 | +€11,134 | +15.7% |
| Amounts payable | 17/49 | €73,960 | €109,863 | +€35,903 | +48.5% |
| Amounts payable after more than one year | 17 | - | €14,077 | +€14,077 | |
| Financial debts | 170/4 | - | €14,077 | +€14,077 | |
| Amounts payable within one year | 42/48 | €73,960 | €95,786 | +€21,826 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €7,855 | €6,331 | -€1,524 | -19.4% |
| Trade debts | 44 | €65,040 | €81,620 | +€16,580 | +25.5% |
| Suppliers | 440/4 | €65,040 | €81,620 | +€16,580 | +25.5% |
| Taxes, remuneration and social security | 45 | €1,065 | €5,787 | +€4,723 | +444% |
| Taxes | 450/3 | - | €706 | +€706 | |
| Remuneration and social security | 454/9 | €1,065 | €5,081 | +€4,016 | +377% |
| Other amounts payable | 47/48 | - | €2,048 | +€2,048 | |
| Remuneration, social security and pensions | 62 | €24,697 | €40,850 | +€16,153 | +65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,902 | €8,350 | +€3,447 | +70.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,638 | €376 | +€2,015 | |
| Other operating charges | 640/8 | €4,651 | €2,232 | -€2,419 | -52.0% |
| Non-recurring operating charges | 66A | - | €195 | +€195 | |
| Gross operating margin | 9900 | €39,341 | €70,438 | +€31,096 | +79.0% |
| Operating profit (loss) | 9901 | €6,729 | €18,435 | +€11,706 | +174% |
| Financial income | 75/76B | €687 | €127 | -€560 | -81.5% |
| Recurring financial income | 75 | €687 | €127 | -€560 | -81.5% |
| Financial charges | 65/66B | €1,779 | €2,135 | +€356 | +20.0% |
| Recurring financial charges | 65 | €1,779 | €2,135 | +€356 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €5,637 | €16,427 | +€10,790 | +191% |
| Income taxes | 67/77 | €2,410 | €5,294 | +€2,884 | +120% |
| Profit (loss) for the period | 9904 | €3,227 | €11,134 | +€7,907 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €3,227 | €11,134 | +€7,907 | +245% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.