DE ZONNEBLOEM: 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 ZONNEBLOEM
Largest movements
- Deferred charges and accrued income +€307,677
up €307,677 (+19,929%), from €1,544 to €309,221
- Receivables within one year -€288,399
down €288,399 (-94.3%), from €305,877 to €17,478
of which Trade receivables: -€296,059
- Current investments +€100,000
new in 2025: €100,000
- Cash -€42,114
down €42,114 (-22.3%), from €189,134 to €147,020
mainly Trade debts (-€351,517) and Deferred charges and accrued income (-€307,677)
- Tangible fixed assets -€12,839
down €12,839 (-7.1%), from €180,926 to €168,086
of which Land and buildings: -€8,500
- Accrued charges and deferred income +€352,584
new in 2025: €352,584
- Trade debts -€351,517
down €351,517 (-98.3%), from €357,649 to €6,132
- Reserves +€91,777
up €91,777 (+33.6%), from €273,073 to €364,850
of which Distributable reserves: +€49,677
- Other debts -€19,538
no longer reported in 2025 (was €19,538)
- Debts after one year -€13,316
down €13,316 (-8.3%), from €159,767 to €146,451
- Gross operating margin -€16,735
down €16,735 (-6.9%), from €242,826 to €226,091
- Taxes -€8,327
down €8,327 (-12.5%), from €66,649 to €58,322
- Staff costs +€3,099
up €3,099, from -€875 to €2,224
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 | €828,644 | €895,145 | +€66,501 | +8.0% |
| Fixed assets | 21/28 | €180,926 | €168,086 | -€12,839 | -7.1% |
| Tangible fixed assets | 22/27 | €180,926 | €168,086 | -€12,839 | -7.1% |
| Land and buildings | 22 | €155,678 | €147,178 | -€8,500 | -5.5% |
| Plant, machinery and equipment | 23 | €3,929 | €4,772 | +€844 | +21.5% |
| Furniture and vehicles | 24 | €21,319 | €16,136 | -€5,183 | -24.3% |
| Current assets | 29/58 | €647,718 | €727,058 | +€79,340 | +12.2% |
| Amounts receivable after more than one year | 29 | €151,163 | €153,340 | +€2,177 | +1.4% |
| Other amounts receivable | 291 | €151,163 | €153,340 | +€2,177 | +1.4% |
| Amounts receivable within one year | 40/41 | €305,877 | €17,478 | -€288,399 | -94.3% |
| Trade receivables | 40 | €300,797 | €4,738 | -€296,059 | -98.4% |
| Other amounts receivable | 41 | €5,080 | €12,740 | +€7,660 | +151% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €189,134 | €147,020 | -€42,114 | -22.3% |
| Deferred charges and accrued income | 490/1 | €1,544 | €309,221 | +€307,677 | +19,929% |
| Total equity and liabilities | 10/49 | €828,644 | €895,145 | +€66,501 | +8.0% |
| Equity | 10/15 | €274,073 | €365,850 | +€91,777 | +33.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €273,073 | €364,850 | +€91,777 | +33.6% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €273,073 | €322,750 | +€49,677 | +18.2% |
| Amounts payable | 17/49 | €554,571 | €529,295 | -€25,276 | -4.6% |
| Amounts payable after more than one year | 17 | €159,767 | €146,451 | -€13,316 | -8.3% |
| Financial debts | 170/4 | €159,767 | €146,451 | -€13,316 | -8.3% |
| Amounts payable within one year | 42/48 | €394,803 | €30,259 | -€364,544 | -92.3% |
| Current portion of amounts payable after more than one year | 42 | €13,862 | €13,316 | -€546 | -3.9% |
| Trade debts | 44 | €357,649 | €6,132 | -€351,517 | -98.3% |
| Suppliers | 440/4 | €357,649 | €6,132 | -€351,517 | -98.3% |
| Taxes, remuneration and social security | 45 | €3,754 | €10,811 | +€7,057 | +188% |
| Taxes | 450/3 | €3,754 | €10,811 | +€7,057 | +188% |
| Other amounts payable | 47/48 | €19,538 | - | -€19,538 | |
| Accrued charges and deferred income | 492/3 | - | €352,584 | +€352,584 | |
| Remuneration, social security and pensions | 62 | -€875 | €2,224 | +€3,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,063 | €15,237 | +€1,175 | +8.4% |
| Other operating charges | 640/8 | €2,163 | €1,837 | -€325 | -15.0% |
| Gross operating margin | 9900 | €242,826 | €226,091 | -€16,735 | -6.9% |
| Operating profit (loss) | 9901 | €227,475 | €206,792 | -€20,683 | -9.1% |
| Financial income | 75/76B | €2,497 | €4,708 | +€2,211 | +88.6% |
| Recurring financial income | 75 | €2,497 | €4,708 | +€2,211 | +88.6% |
| Financial charges | 65/66B | €7,309 | €7,424 | +€115 | +1.6% |
| Recurring financial charges | 65 | €7,309 | €7,424 | +€115 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €222,663 | €204,077 | -€18,586 | -8.3% |
| Income taxes | 67/77 | €66,649 | €58,322 | -€8,327 | -12.5% |
| Profit (loss) for the period | 9904 | €156,014 | €145,755 | -€10,259 | -6.6% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €156,014 | €103,655 | -€52,359 | -33.6% |
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 26 October 2026 via checked.be.