DE ZUTTER: what changed
Two fiscal 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 ZUTTER
Largest movements
- Cash +€1,458
up €1,458 (+348.7%), from €418 to €1,876
mainly Net result for the year (+€36,445) and Tax, wage and social debts (+€1,125)
- Receivables within one year +€1,071
up €1,071 (+33.5%), from €3,201 to €4,272
- Profit (loss) carried forward +€36,445
up €36,445 (+65.8%), from -€55,428 to -€18,983
- Other debts -€16,508
down €16,508 (-77.9%), from €21,179 to €4,671
- Current portion of long-term debt -€15,223
no longer reported in 2025 (was €15,223)
- Trade debts -€2,430
down €2,430 (-29.4%), from €8,261 to €5,831
- Tax, wage and social debts +€1,125
up €1,125 (+112.0%), from €1,004 to €2,129
- Gross operating margin +€14,878
up €14,878 (+67.5%), from €22,039 to €36,917
- Financial charges -€1,111
down €1,111 (-80.8%), from €1,375 to €263
- Other operating charges +€391
up €391 (+278.2%), from €141 to €531
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.
Cash bridge derived
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 | €3,619 | €6,148 | +€2,529 | +69.9% |
| Current assets | 29/58 | €3,619 | €6,148 | +€2,529 | +69.9% |
| Amounts receivable within one year | 40/41 | €3,201 | €4,272 | +€1,071 | +33.5% |
| Trade receivables | 40 | €3,201 | €4,272 | +€1,071 | +33.5% |
| Cash at bank and in hand | 54/58 | €418 | €1,876 | +€1,458 | +348.7% |
| Total equity and liabilities | 10/49 | €3,619 | €6,148 | +€2,529 | +69.9% |
| Equity | 10/15 | -€42,928 | -€6,483 | +€36,445 | +84.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,428 | -€18,983 | +€36,445 | +65.8% |
| Amounts payable | 17/49 | €46,547 | €12,631 | -€33,915 | -72.9% |
| Amounts payable within one year | 42/48 | €45,668 | €12,631 | -€33,037 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €15,223 | - | -€15,223 | |
| Trade debts | 44 | €8,261 | €5,831 | -€2,430 | -29.4% |
| Suppliers | 440/4 | €8,261 | €5,831 | -€2,430 | -29.4% |
| Taxes, remuneration and social security | 45 | €1,004 | €2,129 | +€1,125 | +112.0% |
| Taxes | 450/3 | €1,004 | €2,129 | +€1,125 | +112.0% |
| Other amounts payable | 47/48 | €21,179 | €4,671 | -€16,508 | -77.9% |
| Accrued charges and deferred income | 492/3 | €879 | - | -€879 | |
| Other operating charges | 640/8 | €141 | €531 | +€391 | +278.2% |
| Gross operating margin | 9900 | €22,039 | €36,917 | +€14,878 | +67.5% |
| Operating profit (loss) | 9901 | €21,898 | €36,385 | +€14,487 | +66.2% |
| Financial income | 75/76B | €84 | €323 | +€239 | +286.6% |
| Recurring financial income | 75 | €84 | €323 | +€239 | +286.6% |
| Financial charges | 65/66B | €1,375 | €263 | -€1,111 | -80.8% |
| Recurring financial charges | 65 | €1,375 | €263 | -€1,111 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €20,607 | €36,445 | +€15,838 | +76.9% |
| Profit (loss) for the period | 9904 | €20,607 | €36,445 | +€15,838 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,607 | €36,445 | +€15,838 | +76.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.