De Zwerver: what changed
De Zwerver
Largest movements
- Receivables within one year +€94,861
new in 2025: €94,861
of which Trade receivables: +€92,762
- Receivables after one year -€58,642
no longer reported in 2025 (was €58,642)
of which Trade receivables: -€55,447
- Deferred charges and accrued income +€16,974
up €16,974 (+118%), from €14,350 to €31,325
- Cash -€7,244
down €7,244 (-2.9%), from €253,886 to €246,642
mainly Receivables within one year (-€94,861) and Net result for the year (-€33,202)
- Tangible fixed assets -€6,434
down €6,434 (-23.0%), from €27,913 to €21,479
of which Plant, machinery and equipment: -€6,849
- Trade debts +€59,976
up €59,976 (+145%), from €41,410 to €101,386
- Profit (loss) carried forward -€33,202
down €33,202 (-17.8%), from €186,997 to €153,795
- Tax, wage and social debts +€15,771
up €15,771 (+26.0%), from €60,624 to €76,395
of which Remuneration and social security: +€8,524
- Advances received -€4,130
down €4,130 (-6.6%), from €62,426 to €58,296
- Staff costs +€26,468
up €26,468 (+6.6%), from €403,997 to €430,465
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 | €358,404 | €397,919 | +€39,515 | +11.0% |
| Fixed assets | 21/28 | €31,525 | €25,091 | -€6,434 | -20.4% |
| Tangible fixed assets | 22/27 | €27,913 | €21,479 | -€6,434 | -23.0% |
| Plant, machinery and equipment | 23 | €24,755 | €17,906 | -€6,849 | -27.7% |
| Furniture and vehicles | 24 | €86 | - | -€86 | |
| Other tangible fixed assets | 26 | €3,073 | €3,574 | +€501 | +16.3% |
| Financial fixed assets | 28 | €3,612 | €3,612 | = | 0.0% |
| Current assets | 29/58 | €326,879 | €372,828 | +€45,949 | +14.1% |
| Amounts receivable after more than one year | 29 | €58,642 | - | -€58,642 | |
| Trade receivables | 290 | €55,447 | - | -€55,447 | |
| Other amounts receivable | 291 | €3,195 | - | -€3,195 | |
| Amounts receivable within one year | 40/41 | - | €94,861 | +€94,861 | |
| Trade receivables | 40 | - | €92,762 | +€92,762 | |
| Other amounts receivable | 41 | - | €2,099 | +€2,099 | |
| Cash at bank and in hand | 54/58 | €253,886 | €246,642 | -€7,244 | -2.9% |
| Deferred charges and accrued income | 490/1 | €14,350 | €31,325 | +€16,974 | +118% |
| Total equity and liabilities | 10/49 | €358,404 | €397,919 | +€39,515 | +11.0% |
| Equity | 10/15 | €186,997 | €153,795 | -€33,202 | -17.8% |
| Profit (loss) carried forward | 14 | €186,997 | €153,795 | -€33,202 | -17.8% |
| Amounts payable | 17/49 | €171,407 | €244,125 | +€72,717 | +42.4% |
| Amounts payable within one year | 42/48 | €164,460 | €236,078 | +€71,617 | +43.5% |
| Trade debts | 44 | €41,410 | €101,386 | +€59,976 | +145% |
| Suppliers | 440/4 | €41,410 | €101,386 | +€59,976 | +145% |
| Advances received on contracts in progress | 46 | €62,426 | €58,296 | -€4,130 | -6.6% |
| Taxes, remuneration and social security | 45 | €60,624 | €76,395 | +€15,771 | +26.0% |
| Taxes | 450/3 | €6,447 | €13,694 | +€7,247 | +112% |
| Remuneration and social security | 454/9 | €54,177 | €62,701 | +€8,524 | +15.7% |
| Accrued charges and deferred income | 492/3 | €6,947 | €8,047 | +€1,100 | +15.8% |
| Remuneration, social security and pensions | 62 | €403,997 | €430,465 | +€26,468 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,345 | €9,430 | +€2,085 | +28.4% |
| Other operating charges | 640/8 | €1,281 | €1,112 | -€169 | -13.2% |
| Gross operating margin | 9900 | €407,184 | €406,426 | -€759 | -0.2% |
| Operating profit (loss) | 9901 | -€5,438 | -€34,581 | -€29,143 | -536% |
| Financial income | 75/76B | €4,873 | €2,251 | -€2,622 | -53.8% |
| Recurring financial income | 75 | €4,873 | €2,251 | -€2,622 | -53.8% |
| Financial charges | 65/66B | €788 | €873 | +€84 | +10.7% |
| Recurring financial charges | 65 | €788 | €873 | +€84 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,353 | -€33,202 | -€31,849 | -2,354% |
| Profit (loss) for the period | 9904 | -€1,353 | -€33,202 | -€31,849 | -2,354% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,353 | -€33,202 | -€31,849 | -2,354% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.