De Zouaaf: 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 Zouaaf
Largest movements
- Tangible fixed assets -€30,003
down €30,003 (-5.5%), from €541,057 to €511,054
- Cash +€9,021
up €9,021 (+24.6%), from €36,698 to €45,719
mainly Depreciation (+€30,003) and Net result for the year (+€4,683)
- Debts after one year -€29,936
down €29,936 (-7.2%), from €416,543 to €386,606
- Gross operating margin +€1,525
up €1,525 (+3.4%), from €45,209 to €46,734
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 | €579,294 | €557,382 | -€21,912 | -3.8% |
| Fixed assets | 21/28 | €541,057 | €511,054 | -€30,003 | -5.5% |
| Tangible fixed assets | 22/27 | €541,057 | €511,054 | -€30,003 | -5.5% |
| Land and buildings | 22 | €541,057 | €511,054 | -€30,003 | -5.5% |
| Current assets | 29/58 | €38,237 | €46,328 | +€8,090 | +21.2% |
| Amounts receivable within one year | 40/41 | €893 | €0 | -€893 | -100% |
| Other amounts receivable | 41 | €893 | €0 | -€893 | -100% |
| Cash at bank and in hand | 54/58 | €36,698 | €45,719 | +€9,021 | +24.6% |
| Deferred charges and accrued income | 490/1 | €646 | €609 | -€37 | -5.7% |
| Total equity and liabilities | 10/49 | €579,294 | €557,382 | -€21,912 | -3.8% |
| Equity | 10/15 | €118,985 | €123,668 | +€4,683 | +3.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,985 | €23,668 | +€4,683 | +24.7% |
| Amounts payable | 17/49 | €460,309 | €433,714 | -€26,595 | -5.8% |
| Amounts payable after more than one year | 17 | €416,543 | €386,606 | -€29,936 | -7.2% |
| Financial debts | 170/4 | €416,543 | €386,606 | -€29,936 | -7.2% |
| Amounts payable within one year | 42/48 | €42,708 | €45,936 | +€3,227 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €29,466 | €29,936 | +€470 | +1.6% |
| Trade debts | 44 | €502 | €181 | -€321 | -64.0% |
| Suppliers | 440/4 | €502 | €181 | -€321 | -64.0% |
| Taxes, remuneration and social security | 45 | €0 | €61 | +€61 | |
| Taxes | 450/3 | €0 | €61 | +€61 | |
| Other amounts payable | 47/48 | €12,740 | €15,758 | +€3,018 | +23.7% |
| Accrued charges and deferred income | 492/3 | €1,058 | €1,172 | +€114 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,003 | €30,003 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,554 | €2,603 | +€48 | +1.9% |
| Gross operating margin | 9900 | €45,209 | €46,734 | +€1,525 | +3.4% |
| Operating profit (loss) | 9901 | €12,652 | €14,128 | +€1,476 | +11.7% |
| Financial income | 75/76B | €14 | €0 | -€14 | -100% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -100% |
| Financial charges | 65/66B | €8,239 | €7,884 | -€354 | -4.3% |
| Recurring financial charges | 65 | €8,239 | €7,884 | -€354 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €4,427 | €6,244 | +€1,817 | +41.0% |
| Income taxes | 67/77 | €1,107 | €1,561 | +€454 | +41.1% |
| Profit (loss) for the period | 9904 | €3,320 | €4,683 | +€1,363 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,320 | €4,683 | +€1,363 | +41.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.