DE ZUIVELBOER: 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 ZUIVELBOER
Largest movements
- Stocks and contracts -€23,309
down €23,309 (-37.3%), from €62,496 to €39,187
- Receivables within one year +€22,350
up €22,350 (+76.5%), from €29,226 to €51,575
of which Other amounts receivable: +€18,446
- Cash +€11,330
up €11,330, from €0 to €11,330
mainly Net result for the year (+€30,368) and Stocks and contracts (+€23,309)
- Tangible fixed assets -€6,081
down €6,081 (-51.7%), from €11,758 to €5,677
of which Other tangible fixed assets: -€3,200
- Reserves +€30,368
up €30,368 (+74.7%), from €40,645 to €71,013
- Short-term financial debts -€13,747
no longer reported in 2025 (was €13,747)
- Tax, wage and social debts -€10,719
no longer reported in 2025 (was €10,719)
- Other debts -€5,253
down €5,253 (-34.5%), from €15,234 to €9,981
- Trade debts +€3,641
up €3,641 (+32.7%), from €11,135 to €14,776
- Gross operating margin +€3,418
up €3,418 (+7.3%), from €46,727 to €50,145
- Other operating charges +€1,096
up €1,096 (+306%), from €358 to €1,454
- Financial charges +€692
up €692 (+334%), from €207 to €900
- Taxes +€623
up €623 (+5.8%), from €10,719 to €11,342
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 | €103,480 | €107,769 | +€4,290 | +4.1% |
| Fixed assets | 21/28 | €11,758 | €5,677 | -€6,081 | -51.7% |
| Tangible fixed assets | 22/27 | €11,758 | €5,677 | -€6,081 | -51.7% |
| Plant, machinery and equipment | 23 | €5,975 | €3,093 | -€2,881 | -48.2% |
| Other tangible fixed assets | 26 | €5,784 | €2,584 | -€3,200 | -55.3% |
| Current assets | 29/58 | €91,721 | €102,092 | +€10,371 | +11.3% |
| Stocks and contracts in progress | 3 | €62,496 | €39,187 | -€23,309 | -37.3% |
| Stocks | 30/36 | €62,496 | €39,187 | -€23,309 | -37.3% |
| Amounts receivable within one year | 40/41 | €29,226 | €51,575 | +€22,350 | +76.5% |
| Trade receivables | 40 | €23,600 | €27,504 | +€3,904 | +16.5% |
| Other amounts receivable | 41 | €5,625 | €24,071 | +€18,446 | +328% |
| Cash at bank and in hand | 54/58 | €0 | €11,330 | +€11,330 | |
| Total equity and liabilities | 10/49 | €103,480 | €107,769 | +€4,290 | +4.1% |
| Equity | 10/15 | €52,645 | €83,013 | +€30,368 | +57.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €40,645 | €71,013 | +€30,368 | +74.7% |
| Distributable reserves | 133 | €40,645 | €71,013 | +€30,368 | +74.7% |
| Amounts payable | 17/49 | €50,835 | €24,756 | -€26,078 | -51.3% |
| Amounts payable within one year | 42/48 | €50,835 | €24,756 | -€26,078 | -51.3% |
| Financial debts | 43 | €13,747 | - | -€13,747 | |
| Credit institutions | 430/8 | €13,747 | - | -€13,747 | |
| Trade debts | 44 | €11,135 | €14,776 | +€3,641 | +32.7% |
| Suppliers | 440/4 | €11,135 | €14,776 | +€3,641 | +32.7% |
| Taxes, remuneration and social security | 45 | €10,719 | - | -€10,719 | |
| Taxes | 450/3 | €10,719 | - | -€10,719 | |
| Other amounts payable | 47/48 | €15,234 | €9,981 | -€5,253 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,067 | €6,081 | +€14 | +0.2% |
| Other operating charges | 640/8 | €358 | €1,454 | +€1,096 | +306% |
| Gross operating margin | 9900 | €46,727 | €50,145 | +€3,418 | +7.3% |
| Operating profit (loss) | 9901 | €40,303 | €42,610 | +€2,307 | +5.7% |
| Financial charges | 65/66B | €207 | €900 | +€692 | +334% |
| Recurring financial charges | 65 | €207 | €900 | +€692 | +334% |
| Profit (loss) for the period before taxes | 9903 | €40,095 | €41,710 | +€1,615 | +4.0% |
| Income taxes | 67/77 | €10,719 | €11,342 | +€623 | +5.8% |
| Profit (loss) for the period | 9904 | €29,376 | €30,368 | +€992 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,376 | €30,368 | +€992 | +3.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.