De Zutter Jensen: what changed
De Zutter Jensen
Largest movements
- Receivables within one year +€9,826
up €9,826 (+446%), from €2,202 to €12,029
of which Other amounts receivable: +€7,528
- Cash -€8,352
down €8,352 (-24.6%), from €33,924 to €25,572
mainly Receivables within one year (-€9,826) and Debts after one year (-€4,431)
- Tangible fixed assets -€5,936
down €5,936 (-34.1%), from €17,402 to €11,465
of which Furniture and vehicles: -€5,443
- Reserves +€5,273
up €5,273 (+34.3%), from €15,355 to €20,628
- Debts after one year -€4,431
no longer reported in 2025 (was €4,431)
- Current portion of long-term debt -€3,165
down €3,165 (-41.7%), from €7,597 to €4,431
- Tax, wage and social debts -€1,689
down €1,689 (-24.8%), from €6,818 to €5,130
of which Taxes: -€3,739
- Other debts -€695
no longer reported in 2025 (was €695)
- Gross operating margin -€13,661
down €13,661 (-48.2%), from €28,353 to €14,692
- Taxes -€3,727
down €3,727 (-58.0%), from €6,422 to €2,695
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 | €54,935 | €50,248 | -€4,687 | -8.5% |
| Fixed assets | 21/28 | €17,402 | €11,465 | -€5,936 | -34.1% |
| Tangible fixed assets | 22/27 | €17,402 | €11,465 | -€5,936 | -34.1% |
| Plant, machinery and equipment | 23 | €494 | - | -€494 | |
| Furniture and vehicles | 24 | €16,908 | €11,465 | -€5,443 | -32.2% |
| Current assets | 29/58 | €37,533 | €38,783 | +€1,249 | +3.3% |
| Amounts receivable within one year | 40/41 | €2,202 | €12,029 | +€9,826 | +446% |
| Trade receivables | 40 | €2,202 | €4,501 | +€2,298 | +104% |
| Other amounts receivable | 41 | - | €7,528 | +€7,528 | |
| Cash at bank and in hand | 54/58 | €33,924 | €25,572 | -€8,352 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,407 | €1,182 | -€225 | -16.0% |
| Total equity and liabilities | 10/49 | €54,935 | €50,248 | -€4,687 | -8.5% |
| Equity | 10/15 | €35,355 | €40,628 | +€5,273 | +14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,355 | €20,628 | +€5,273 | +34.3% |
| Distributable reserves | 133 | €15,355 | €20,628 | +€5,273 | +34.3% |
| Amounts payable | 17/49 | €19,580 | €9,620 | -€9,960 | -50.9% |
| Amounts payable after more than one year | 17 | €4,431 | - | -€4,431 | |
| Financial debts | 170/4 | €4,431 | - | -€4,431 | |
| Amounts payable within one year | 42/48 | €15,149 | €9,620 | -€5,529 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €7,597 | €4,431 | -€3,165 | -41.7% |
| Trade debts | 44 | €39 | €59 | +€20 | +51.9% |
| Suppliers | 440/4 | €39 | €59 | +€20 | +51.9% |
| Taxes, remuneration and social security | 45 | €6,818 | €5,130 | -€1,689 | -24.8% |
| Taxes | 450/3 | €6,818 | €3,079 | -€3,739 | -54.8% |
| Remuneration and social security | 454/9 | - | €2,050 | +€2,050 | |
| Other amounts payable | 47/48 | €695 | - | -€695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,936 | €5,936 | = | 0.0% |
| Other operating charges | 640/8 | €687 | €679 | -€7 | -1.1% |
| Gross operating margin | 9900 | €28,353 | €14,692 | -€13,661 | -48.2% |
| Operating profit (loss) | 9901 | €21,730 | €8,076 | -€13,653 | -62.8% |
| Financial income | 75/76B | - | €207 | +€207 | |
| Recurring financial income | 75 | - | €207 | +€207 | |
| Financial charges | 65/66B | €513 | €316 | -€197 | -38.4% |
| Recurring financial charges | 65 | €513 | €316 | -€197 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €21,217 | €7,968 | -€13,249 | -62.4% |
| Income taxes | 67/77 | €6,422 | €2,695 | -€3,727 | -58.0% |
| Profit (loss) for the period | 9904 | €14,795 | €5,273 | -€9,522 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,795 | €5,273 | -€9,522 | -64.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.