DE ZORGCARROUSEL: what changed
DE ZORGCARROUSEL
Largest movements
- Receivables within one year -€88,059
down €88,059 (-86.0%), from €102,414 to €14,355
of which Other amounts receivable: -€94,916
- Tangible fixed assets -€61,150
down €61,150 (-12.7%), from €482,966 to €421,816
of which Land and buildings: -€140,339
- Deferred charges and accrued income +€38,698
up €38,698 (+505%), from €7,661 to €46,359
- Cash +€24,274
up €24,274 (+91.0%), from €26,687 to €50,962
mainly Depreciation (+€156,082) and Receivables within one year (+€88,059)
- Debts after one year -€92,524
down €92,524 (-17.3%), from €533,678 to €441,154
of which Financial debts: -€94,231
- Current portion of long-term debt -€27,674
down €27,674 (-21.8%), from €127,084 to €99,410
- Accrued charges and deferred income +€21,243
up €21,243 (+711%), from €2,990 to €24,232
- Depreciation -€42,408
down €42,408 (-21.4%), from €198,490 to €156,082
- Gross operating margin -€25,147
down €25,147 (-11.3%), from €221,617 to €196,470
- Other operating charges +€12,961
up €12,961 (+527%), from €2,461 to €15,422
- Financial charges -€10,300
down €10,300 (-47.1%), from €21,886 to €11,586
- Financial income -€6,034
down €6,034 (-99.4%), from €6,069 to €35
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €619,728 | €533,492 | -€86,236 | -13.9% |
| Fixed assets | 21/28 | €482,966 | €421,816 | -€61,150 | -12.7% |
| Tangible fixed assets | 22/27 | €482,966 | €421,816 | -€61,150 | -12.7% |
| Land and buildings | 22 | €479,206 | €338,867 | -€140,339 | -29.3% |
| Plant, machinery and equipment | 23 | €66 | €8,890 | +€8,824 | +13,362% |
| Furniture and vehicles | 24 | €1,522 | €30,251 | +€28,730 | +1,888% |
| Other tangible fixed assets | 26 | €2,173 | €43,808 | +€41,636 | +1,916% |
| Current assets | 29/58 | €136,762 | €111,676 | -€25,086 | -18.3% |
| Amounts receivable within one year | 40/41 | €102,414 | €14,355 | -€88,059 | -86.0% |
| Trade receivables | 40 | €626 | €7,482 | +€6,857 | +1,096% |
| Other amounts receivable | 41 | €101,788 | €6,873 | -€94,916 | -93.2% |
| Cash at bank and in hand | 54/58 | €26,687 | €50,962 | +€24,274 | +91.0% |
| Deferred charges and accrued income | 490/1 | €7,661 | €46,359 | +€38,698 | +505% |
| Total equity and liabilities | 10/49 | €619,728 | €533,492 | -€86,236 | -13.9% |
| Equity | 10/15 | -€49,193 | -€46,221 | +€2,972 | +6.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €69,503 | €69,503 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,553 | €19,553 | = | 0.0% |
| Distributable reserves | 133 | €49,951 | €49,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,246 | -€134,274 | +€2,972 | +2.2% |
| Amounts payable | 17/49 | €668,921 | €579,714 | -€89,207 | -13.3% |
| Amounts payable after more than one year | 17 | €533,678 | €441,154 | -€92,524 | -17.3% |
| Financial debts | 170/4 | €409,909 | €315,678 | -€94,231 | -23.0% |
| Other amounts payable | 178/9 | €123,769 | €125,476 | +€1,707 | +1.4% |
| Amounts payable within one year | 42/48 | €132,254 | €114,328 | -€17,926 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €127,084 | €99,410 | -€27,674 | -21.8% |
| Trade debts | 44 | €5,170 | €10,913 | +€5,744 | +111% |
| Suppliers | 440/4 | €5,170 | €10,913 | +€5,744 | +111% |
| Other amounts payable | 47/48 | - | €4,004 | +€4,004 | |
| Accrued charges and deferred income | 492/3 | €2,990 | €24,232 | +€21,243 | +711% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,490 | €156,082 | -€42,408 | -21.4% |
| Other operating charges | 640/8 | €2,461 | €15,422 | +€12,961 | +527% |
| Non-recurring operating charges | 66A | €11,857 | €10,443 | -€1,414 | -11.9% |
| Gross operating margin | 9900 | €221,617 | €196,470 | -€25,147 | -11.3% |
| Operating profit (loss) | 9901 | €8,810 | €14,523 | +€5,713 | +64.8% |
| Financial income | 75/76B | €6,069 | €35 | -€6,034 | -99.4% |
| Recurring financial income | 75 | €6,069 | €35 | -€6,034 | -99.4% |
| Financial charges | 65/66B | €21,886 | €11,586 | -€10,300 | -47.1% |
| Recurring financial charges | 65 | €21,886 | €11,586 | -€10,300 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,008 | €2,972 | +€9,979 | |
| Income taxes | 67/77 | €2,136 | - | -€2,136 | |
| Profit (loss) for the period | 9904 | -€9,143 | €2,972 | +€12,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,143 | €2,972 | +€12,115 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.