DE ZONNEHOEK: 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 ZONNEHOEK
Largest movements
- Stocks and contracts -€2,247
down €2,247 (-38.4%), from €5,853 to €3,606
- Deferred charges and accrued income +€1,947
up €1,947 (+334%), from €582 to €2,529
- Tangible fixed assets -€1,282
down €1,282 (-74.0%), from €1,733 to €451
of which Plant, machinery and equipment: -€780
- Cash +€509
up €509 (+6.3%), from €8,116 to €8,625
mainly Tax, wage and social debts (+€12,909) and Stocks and contracts (+€2,247)
- Intangible fixed assets -€442
down €442 (-12.5%), from €3,531 to €3,089
- Tax, wage and social debts +€12,909
up €12,909 (+165%), from €7,843 to €20,753
- Debts after one year -€5,482
down €5,482 (-22.0%), from €24,957 to €19,476
- Other debts -€3,461
down €3,461 (-57.5%), from €6,023 to €2,562
- Trade debts -€2,311
down €2,311 (-25.8%), from €8,955 to €6,644
- Profit (loss) carried forward -€2,056
down €2,056 (-3.8%), from -€54,694 to -€56,750
- Gross operating margin +€13,220
up €13,220, from -€8,872 to €4,348
- Other operating charges -€1,143
down €1,143 (-66.1%), from €1,727 to €585
- Financial charges -€324
down €324 (-7.6%), from €4,289 to €3,965
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 | €20,212 | €18,977 | -€1,235 | -6.1% |
| Fixed assets | 21/28 | €5,263 | €3,539 | -€1,724 | -32.8% |
| Intangible fixed assets | 21 | €3,531 | €3,089 | -€442 | -12.5% |
| Tangible fixed assets | 22/27 | €1,733 | €451 | -€1,282 | -74.0% |
| Plant, machinery and equipment | 23 | €1,230 | €451 | -€780 | -63.4% |
| Furniture and vehicles | 24 | €502 | €0 | -€502 | -100.0% |
| Current assets | 29/58 | €14,949 | €15,438 | +€489 | +3.3% |
| Stocks and contracts in progress | 3 | €5,853 | €3,606 | -€2,247 | -38.4% |
| Stocks | 30/36 | €5,853 | €3,606 | -€2,247 | -38.4% |
| Amounts receivable within one year | 40/41 | €397 | €677 | +€280 | +70.5% |
| Trade receivables | 40 | €397 | €677 | +€280 | +70.5% |
| Cash at bank and in hand | 54/58 | €8,116 | €8,625 | +€509 | +6.3% |
| Deferred charges and accrued income | 490/1 | €582 | €2,529 | +€1,947 | +334% |
| Total equity and liabilities | 10/49 | €20,212 | €18,977 | -€1,235 | -6.1% |
| Equity | 10/15 | -€34,037 | -€36,093 | -€2,056 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,057 | €2,057 | = | 0.0% |
| Distributable reserves | 133 | €2,057 | €2,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,694 | -€56,750 | -€2,056 | -3.8% |
| Amounts payable | 17/49 | €54,249 | €55,070 | +€821 | +1.5% |
| Amounts payable after more than one year | 17 | €24,957 | €19,476 | -€5,482 | -22.0% |
| Financial debts | 170/4 | €24,957 | €19,476 | -€5,482 | -22.0% |
| Amounts payable within one year | 42/48 | €29,291 | €35,594 | +€6,303 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €5,043 | €5,482 | +€439 | +8.7% |
| Financial debts | 43 | €1,426 | €154 | -€1,273 | -89.2% |
| Credit institutions | 430/8 | €1,426 | €154 | -€1,273 | -89.2% |
| Trade debts | 44 | €8,955 | €6,644 | -€2,311 | -25.8% |
| Suppliers | 440/4 | €8,955 | €6,644 | -€2,311 | -25.8% |
| Taxes, remuneration and social security | 45 | €7,843 | €20,753 | +€12,909 | +165% |
| Taxes | 450/3 | €7,843 | €20,753 | +€12,909 | +165% |
| Other amounts payable | 47/48 | €6,023 | €2,562 | -€3,461 | -57.5% |
| Non-recurring operating income | 76A | €975 | - | -€975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,796 | €1,724 | -€72 | -4.0% |
| Other operating charges | 640/8 | €1,727 | €585 | -€1,143 | -66.1% |
| Non-recurring operating charges | 66A | €319 | - | -€319 | |
| Gross operating margin | 9900 | -€8,872 | €4,348 | +€13,220 | |
| Operating profit (loss) | 9901 | -€12,714 | €2,040 | +€14,754 | |
| Financial income | 75/76B | €1 | €64 | +€63 | +6,905% |
| Recurring financial income | 75 | €1 | €64 | +€63 | +6,905% |
| Financial charges | 65/66B | €4,289 | €3,965 | -€324 | -7.6% |
| Recurring financial charges | 65 | €4,289 | €3,965 | -€324 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,003 | -€1,861 | +€15,141 | +89.1% |
| Income taxes | 67/77 | €213 | €194 | -€19 | -8.9% |
| Profit (loss) for the period | 9904 | -€17,216 | -€2,056 | +€15,160 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,216 | -€2,056 | +€15,160 | +88.1% |
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.