De Zonnegloed: 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 Zonnegloed
Largest movements
- Cash -€155,847
down €155,847 (-18.6%), from €837,513 to €681,666
mainly Investment in fixed assets (net) (-€324,931) and Net result for the year (-€87,927)
- Tangible fixed assets +€105,289
up €105,289 (+7.4%), from €1.4m to €1.5m
of which Land and buildings: +€56,360
- Current investments +€50,731
up €50,731 (+41.8%), from €121,460 to €172,191
- Contributions +€156,452
up €156,452 (+102%), from €152,654 to €309,106
- Profit (loss) carried forward -€87,927
down €87,927 (-4.3%), from €2.1m to €2.0m
- Tax, wage and social debts -€59,289
down €59,289 (-53.8%), from €110,300 to €51,011
of which Remuneration and social security: -€35,015
- Trade debts +€42,477
up €42,477 (+237%), from €17,902 to €60,379
- Debts after one year -€33,811
down €33,811 (-79.6%), from €42,462 to €8,651
- Staff costs +€73,183
up €73,183 (+12.8%), from €571,815 to €644,998
- Depreciation +€33,083
up €33,083 (+17.9%), from €184,433 to €217,516
- Financial charges +€11,522
up €11,522 (+589%), from €1,956 to €13,478
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 | €2,412,479 | €2,436,623 | +€24,144 | +1.0% |
| Fixed assets | 21/28 | €1,416,456 | €1,523,871 | +€107,415 | +7.6% |
| Intangible fixed assets | 21 | - | €2,126 | +€2,126 | |
| Tangible fixed assets | 22/27 | €1,415,887 | €1,521,176 | +€105,289 | +7.4% |
| Land and buildings | 22 | €1,210,020 | €1,266,380 | +€56,360 | +4.7% |
| Plant, machinery and equipment | 23 | €82,637 | €92,088 | +€9,451 | +11.4% |
| Furniture and vehicles | 24 | €123,230 | €162,708 | +€39,478 | +32.0% |
| Financial fixed assets | 28 | €569 | €569 | = | 0.0% |
| Current assets | 29/58 | €996,023 | €912,752 | -€83,271 | -8.4% |
| Stocks and contracts in progress | 3 | €11,291 | €9,645 | -€1,646 | -14.6% |
| Stocks | 30/36 | €11,291 | €9,645 | -€1,646 | -14.6% |
| Amounts receivable within one year | 40/41 | €3,704 | €6,064 | +€2,360 | +63.7% |
| Trade receivables | 40 | €3,704 | €5,965 | +€2,261 | +61.0% |
| Other amounts receivable | 41 | - | €99 | +€99 | |
| Current investments | 50/53 | €121,460 | €172,191 | +€50,731 | +41.8% |
| Cash at bank and in hand | 54/58 | €837,513 | €681,666 | -€155,847 | -18.6% |
| Deferred charges and accrued income | 490/1 | €22,055 | €43,186 | +€21,131 | +95.8% |
| Total equity and liabilities | 10/49 | €2,412,479 | €2,436,623 | +€24,144 | +1.0% |
| Equity | 10/15 | €2,217,360 | €2,285,885 | +€68,525 | +3.1% |
| Contributions | 10/11 | €152,654 | €309,106 | +€156,452 | +102% |
| Capital | 10 | €152,654 | €309,106 | +€156,452 | +102% |
| Profit (loss) carried forward | 14 | €2,064,706 | €1,976,779 | -€87,927 | -4.3% |
| Amounts payable | 17/49 | €195,119 | €150,738 | -€44,381 | -22.7% |
| Amounts payable after more than one year | 17 | €42,462 | €8,651 | -€33,811 | -79.6% |
| Financial debts | 170/4 | €42,462 | €8,651 | -€33,811 | -79.6% |
| Amounts payable within one year | 42/48 | €150,057 | €140,487 | -€9,570 | -6.4% |
| Financial debts | 43 | €21,823 | €29,097 | +€7,274 | +33.3% |
| Other loans | 439 | €21,823 | €29,097 | +€7,274 | +33.3% |
| Trade debts | 44 | €17,902 | €60,379 | +€42,477 | +237% |
| Suppliers | 440/4 | €17,902 | €60,379 | +€42,477 | +237% |
| Taxes, remuneration and social security | 45 | €110,300 | €51,011 | -€59,289 | -53.8% |
| Taxes | 450/3 | €32,548 | €8,274 | -€24,274 | -74.6% |
| Remuneration and social security | 454/9 | €77,752 | €42,737 | -€35,015 | -45.0% |
| Accrued charges and deferred income | 492/3 | €2,600 | €1,600 | -€1,000 | -38.5% |
| Non-recurring operating income | 76A | €19,971 | €6,929 | -€13,042 | -65.3% |
| Remuneration, social security and pensions | 62 | €571,815 | €644,998 | +€73,183 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,433 | €217,516 | +€33,083 | +17.9% |
| Other operating charges | 640/8 | €11,414 | €9,930 | -€1,484 | -13.0% |
| Non-recurring operating charges | 66A | €534 | €1,669 | +€1,135 | +213% |
| Gross operating margin | 9900 | €801,680 | €798,883 | -€2,797 | -0.3% |
| Operating profit (loss) | 9901 | €33,484 | -€75,230 | -€108,714 | |
| Financial income | 75/76B | €46 | €12 | -€34 | -73.9% |
| Recurring financial income | 75 | €46 | €12 | -€34 | -73.9% |
| Financial charges | 65/66B | €1,956 | €13,478 | +€11,522 | +589% |
| Recurring financial charges | 65 | €1,956 | €13,478 | +€11,522 | +589% |
| Profit (loss) for the period before taxes | 9903 | €31,574 | -€88,696 | -€120,270 | |
| Income taxes | 67/77 | €239 | -€769 | -€1,008 | |
| Profit (loss) for the period | 9904 | €31,335 | -€87,927 | -€119,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,335 | -€87,927 | -€119,262 |
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 29 October 2026 via checked.be.