HET ZAVELHOF: 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.
HET ZAVELHOF
Largest movements
- Tangible fixed assets -€2,688
down €2,688 (-2.4%), from €112,103 to €109,415
of which Plant, machinery and equipment: -€2,346
- Debts after one year -€6,316
down €6,316 (-29.1%), from €21,712 to €15,395
- Profit (loss) carried forward +€3,098
up €3,098 (+88.9%), from €3,484 to €6,582
- Depreciation -€300
down €300 (-10.0%), from €2,988 to €2,688
- Financial charges -€284
down €284 (-27.8%), from €1,022 to €738
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 | €114,171 | €110,834 | -€3,337 | -2.9% |
| Fixed assets | 21/28 | €112,103 | €109,415 | -€2,688 | -2.4% |
| Tangible fixed assets | 22/27 | €112,103 | €109,415 | -€2,688 | -2.4% |
| Land and buildings | 22 | €86,295 | €85,954 | -€342 | -0.4% |
| Plant, machinery and equipment | 23 | €25,808 | €23,461 | -€2,346 | -9.1% |
| Current assets | 29/58 | €2,068 | €1,419 | -€649 | -31.4% |
| Cash at bank and in hand | 54/58 | €2,068 | €1,419 | -€649 | -31.4% |
| Total equity and liabilities | 10/49 | €114,171 | €110,834 | -€3,337 | -2.9% |
| Equity | 10/15 | €91,483 | €94,746 | +€3,263 | +3.6% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €1,236 | €1,401 | +€165 | +13.3% |
| Non-distributable reserves | 130/1 | €1,236 | €1,401 | +€165 | +13.3% |
| Legal reserve | 130 | €1,236 | €1,401 | +€165 | +13.3% |
| Profit (loss) carried forward | 14 | €3,484 | €6,582 | +€3,098 | +88.9% |
| Amounts payable | 17/49 | €22,689 | €16,088 | -€6,600 | -29.1% |
| Amounts payable after more than one year | 17 | €21,712 | €15,395 | -€6,316 | -29.1% |
| Financial debts | 170/4 | €21,712 | €15,395 | -€6,316 | -29.1% |
| Amounts payable within one year | 42/48 | €293 | €208 | -€85 | -29.1% |
| Taxes, remuneration and social security | 45 | €293 | €208 | -€85 | -29.1% |
| Taxes | 450/3 | €293 | €208 | -€85 | -29.1% |
| Accrued charges and deferred income | 492/3 | €684 | €485 | -€199 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,988 | €2,688 | -€300 | -10.0% |
| Other operating charges | 640/8 | €3,051 | €3,147 | +€96 | +3.1% |
| Gross operating margin | 9900 | €9,907 | €9,836 | -€71 | -0.7% |
| Operating profit (loss) | 9901 | €3,868 | €4,001 | +€133 | +3.4% |
| Financial charges | 65/66B | €1,022 | €738 | -€284 | -27.8% |
| Recurring financial charges | 65 | €1,022 | €738 | -€284 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €2,846 | €3,263 | +€417 | +14.7% |
| Profit (loss) for the period | 9904 | €2,846 | €3,263 | +€417 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,846 | €3,263 | +€417 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.