Els Zegers: what changed
Els Zegers
Largest movements
- Cash +€13,120
up €13,120 (+263%), from €4,986 to €18,106
mainly Accrued charges and deferred income (+€7,042) and Receivables within one year (+€6,238)
- Receivables within one year -€6,238
down €6,238 (-73.1%), from €8,528 to €2,290
- Accrued charges and deferred income +€7,042
new in 2025: €7,042
- Profit (loss) carried forward -€2,077
new in 2025: -€2,077
- Tax, wage and social debts +€1,582
up €1,582 (+23.9%), from €6,612 to €8,194
of which Taxes: +€1,602
- Reserves -€1,270
no longer reported in 2025 (was €1,270)
- Contributions +€1,200
new in 2025: €1,200
- Gross operating margin -€3,336
down €3,336, from €2,434 to -€902
- Taxes +€771
up €771 (+110%), from €701 to €1,472
- Other operating charges +€428
up €428 (+96.1%), from €445 to €873
- Financial charges +€81
up €81 (+453%), from €18 to €99
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 | €13,515 | €20,396 | +€6,881 | +50.9% |
| Current assets | 29/58 | €13,515 | €20,396 | +€6,881 | +50.9% |
| Amounts receivable within one year | 40/41 | €8,528 | €2,290 | -€6,238 | -73.1% |
| Trade receivables | 40 | €8,528 | €2,290 | -€6,238 | -73.1% |
| Cash at bank and in hand | 54/58 | €4,986 | €18,106 | +€13,120 | +263% |
| Total equity and liabilities | 10/49 | €13,515 | €20,396 | +€6,881 | +50.9% |
| Equity | 10/15 | €1,270 | -€877 | -€2,147 | |
| Contributions | 10/11 | - | €1,200 | +€1,200 | |
| Reserves | 13 | €1,270 | - | -€1,270 | |
| Distributable reserves | 133 | €1,270 | - | -€1,270 | |
| Profit (loss) carried forward | 14 | - | -€2,077 | -€2,077 | |
| Amounts payable | 17/49 | €12,245 | €21,273 | +€9,028 | +73.7% |
| Amounts payable within one year | 42/48 | €12,245 | €14,231 | +€1,986 | +16.2% |
| Trade debts | 44 | €973 | €1,714 | +€740 | +76.1% |
| Suppliers | 440/4 | €973 | €1,714 | +€740 | +76.1% |
| Taxes, remuneration and social security | 45 | €6,612 | €8,194 | +€1,582 | +23.9% |
| Taxes | 450/3 | €4,272 | €5,874 | +€1,602 | +37.5% |
| Remuneration and social security | 454/9 | €2,340 | €2,320 | -€20 | -0.8% |
| Other amounts payable | 47/48 | €4,660 | €4,324 | -€336 | -7.2% |
| Accrued charges and deferred income | 492/3 | - | €7,042 | +€7,042 | |
| Other operating charges | 640/8 | €445 | €873 | +€428 | +96.1% |
| Gross operating margin | 9900 | €2,434 | -€902 | -€3,336 | |
| Operating profit (loss) | 9901 | €1,989 | -€1,775 | -€3,764 | |
| Financial charges | 65/66B | €18 | €99 | +€81 | +453% |
| Recurring financial charges | 65 | €18 | €99 | +€81 | +453% |
| Profit (loss) for the period before taxes | 9903 | €1,971 | -€1,875 | -€3,845 | |
| Income taxes | 67/77 | €701 | €1,472 | +€771 | +110% |
| Profit (loss) for the period | 9904 | €1,270 | -€3,347 | -€4,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,270 | -€3,347 | -€4,616 |
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 4 November 2026 via checked.be.