DE ZOUTKORREL: 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 ZOUTKORREL
Largest movements
- Tangible fixed assets +€66,975
up €66,975 (+611%), from €10,966 to €77,941
of which Plant, machinery and equipment: +€69,080
- Cash +€31,814
up €31,814 (+18.2%), from €174,976 to €206,790
mainly Net result for the year (+€39,621) and Debts after one year (+€36,000)
- Receivables within one year -€9,835
down €9,835 (-57.6%), from €17,087 to €7,252
of which Trade receivables: -€7,130
- Deferred charges and accrued income -€6,225
down €6,225 (-46.2%), from €13,487 to €7,262
- Reserves +€75,887
up €75,887 (+4,080%), from €1,860 to €77,747
of which Distributable reserves: +€75,887
- Profit (loss) carried forward -€39,893
down €39,893 (-22.7%), from €175,414 to €135,521
- Debts after one year +€36,000
new in 2025: €36,000
- Current portion of long-term debt +€10,014
new in 2025: €10,014
- Tax, wage and social debts +€4,836
up €4,836 (+27.2%), from €17,749 to €22,585
of which Taxes: +€5,330
- Gross operating margin +€7,647
up €7,647 (+10.6%), from €72,432 to €80,079
- Depreciation +€6,908
up €6,908 (+165%), from €4,175 to €11,083
- Staff costs +€1,607
up €1,607 (+12.9%), from €12,497 to €14,104
- Taxes -€1,320
down €1,320 (-9.0%), from €14,720 to €13,400
- Financial charges +€886
up €886 (+138%), from €640 to €1,526
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 | €219,326 | €303,228 | +€83,902 | +38.3% |
| Fixed assets | 21/28 | €12,713 | €79,688 | +€66,975 | +527% |
| Tangible fixed assets | 22/27 | €10,966 | €77,941 | +€66,975 | +611% |
| Plant, machinery and equipment | 23 | €3,395 | €72,475 | +€69,080 | +2,035% |
| Other tangible fixed assets | 26 | €7,571 | €5,466 | -€2,105 | -27.8% |
| Financial fixed assets | 28 | €1,747 | €1,747 | = | 0.0% |
| Current assets | 29/58 | €206,613 | €223,540 | +€16,927 | +8.2% |
| Stocks and contracts in progress | 3 | €1,063 | €2,236 | +€1,173 | +110% |
| Stocks | 30/36 | €1,063 | €2,236 | +€1,173 | +110% |
| Amounts receivable within one year | 40/41 | €17,087 | €7,252 | -€9,835 | -57.6% |
| Trade receivables | 40 | €7,130 | - | -€7,130 | |
| Other amounts receivable | 41 | €9,957 | €7,252 | -€2,705 | -27.2% |
| Cash at bank and in hand | 54/58 | €174,976 | €206,790 | +€31,814 | +18.2% |
| Deferred charges and accrued income | 490/1 | €13,487 | €7,262 | -€6,225 | -46.2% |
| Total equity and liabilities | 10/49 | €219,326 | €303,228 | +€83,902 | +38.3% |
| Equity | 10/15 | €195,874 | €231,868 | +€35,994 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €77,747 | +€75,887 | +4,080% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €75,887 | +€75,887 | |
| Profit (loss) carried forward | 14 | €175,414 | €135,521 | -€39,893 | -22.7% |
| Amounts payable | 17/49 | €23,452 | €71,360 | +€47,908 | +204% |
| Amounts payable after more than one year | 17 | - | €36,000 | +€36,000 | |
| Financial debts | 170/4 | - | €36,000 | +€36,000 | |
| Amounts payable within one year | 42/48 | €23,452 | €35,360 | +€11,908 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,014 | +€10,014 | |
| Trade debts | 44 | €5,703 | €2,761 | -€2,942 | -51.6% |
| Suppliers | 440/4 | €5,703 | €2,761 | -€2,942 | -51.6% |
| Taxes, remuneration and social security | 45 | €17,749 | €22,585 | +€4,836 | +27.2% |
| Taxes | 450/3 | €11,979 | €17,309 | +€5,330 | +44.5% |
| Remuneration and social security | 454/9 | €5,770 | €5,276 | -€494 | -8.6% |
| Remuneration, social security and pensions | 62 | €12,497 | €14,104 | +€1,607 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,175 | €11,083 | +€6,908 | +165% |
| Other operating charges | 640/8 | €508 | €395 | -€113 | -22.2% |
| Gross operating margin | 9900 | €72,432 | €80,079 | +€7,647 | +10.6% |
| Operating profit (loss) | 9901 | €55,252 | €54,497 | -€755 | -1.4% |
| Financial income | 75/76B | €1 | €50 | +€49 | +4,900% |
| Recurring financial income | 75 | €1 | €50 | +€49 | +4,900% |
| Financial charges | 65/66B | €640 | €1,526 | +€886 | +138% |
| Recurring financial charges | 65 | €640 | €1,526 | +€886 | +138% |
| Profit (loss) for the period before taxes | 9903 | €54,613 | €53,021 | -€1,592 | -2.9% |
| Income taxes | 67/77 | €14,720 | €13,400 | -€1,320 | -9.0% |
| Profit (loss) for the period | 9904 | €39,893 | €39,621 | -€272 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,893 | €39,621 | -€272 | -0.7% |
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 1 November 2026 via checked.be.