IMMO ZEEDRIFT: 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.
IMMO ZEEDRIFT
Largest movements
- Tangible fixed assets -€408,452
down €408,452 (-3.1%), from €13.2m to €12.8m
- Cash -€234,102
down €234,102 (-11.0%), from €2.1m to €1.9m
mainly Debts after one year (-€1.1m) and Accrued charges and deferred income (-€11,047)
- Debts after one year -€1.1m
down €1.1m (-8.7%), from €12.6m to €11.5m
- Profit (loss) carried forward +€409,295
up €409,295 (+19.2%), from €2.1m to €2.5m
- Turnover +€1.4m
new in 2025: €1.4m
- Gross operating margin +€33,014
up €33,014 (+2.5%), from €1.3m to €1.4m
- Depreciation +€26,592
up €26,592 (+7.0%), from €381,860 to €408,452
- Write-downs -€26,592
no longer reported in 2025 (was €26,592)
- Financial income -€22,110
down €22,110 (-38.4%), from €57,540 to €35,430
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 | €15,371,680 | €14,700,331 | -€671,349 | -4.4% |
| Fixed assets | 21/28 | €13,201,936 | €12,793,484 | -€408,452 | -3.1% |
| Tangible fixed assets | 22/27 | €13,201,936 | €12,793,484 | -€408,452 | -3.1% |
| Other tangible fixed assets | 26 | €13,201,936 | €12,793,484 | -€408,452 | -3.1% |
| Current assets | 29/58 | €2,169,744 | €1,906,847 | -€262,897 | -12.1% |
| Amounts receivable within one year | 40/41 | €30,199 | €8,754 | -€21,445 | -71.0% |
| Trade receivables | 40 | €1,445 | - | -€1,445 | |
| Other amounts receivable | 41 | €28,754 | €8,754 | -€20,000 | -69.6% |
| Cash at bank and in hand | 54/58 | €2,125,422 | €1,891,320 | -€234,102 | -11.0% |
| Deferred charges and accrued income | 490/1 | €14,123 | €6,773 | -€7,350 | -52.0% |
| Total equity and liabilities | 10/49 | €15,371,680 | €14,700,331 | -€671,349 | -4.4% |
| Equity | 10/15 | €2,669,038 | €3,078,333 | +€409,295 | +15.3% |
| Contributions | 10/11 | €492,000 | €492,000 | = | 0.0% |
| Capital | 10 | €492,000 | €492,000 | = | 0.0% |
| Issued capital | 100 | €492,000 | €492,000 | = | 0.0% |
| Reserves | 13 | €49,200 | €49,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,200 | €49,200 | = | 0.0% |
| Legal reserve | 130 | €49,200 | €49,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,127,838 | €2,537,133 | +€409,295 | +19.2% |
| Amounts payable | 17/49 | €12,702,643 | €11,621,998 | -€1.1m | -8.5% |
| Amounts payable after more than one year | 17 | €12,597,401 | €11,507,000 | -€1.1m | -8.7% |
| Financial debts | 170/4 | €12,597,401 | €11,507,000 | -€1.1m | -8.7% |
| Amounts payable within one year | 42/48 | €88 | €20,892 | +€20,804 | +23,722% |
| Trade debts | 44 | €88 | €89 | +€2 | +1.9% |
| Suppliers | 440/4 | €88 | €89 | +€2 | +1.9% |
| Taxes, remuneration and social security | 45 | - | €20,803 | +€20,803 | |
| Taxes | 450/3 | - | €20,803 | +€20,803 | |
| Accrued charges and deferred income | 492/3 | €105,153 | €94,106 | -€11,047 | -10.5% |
| Turnover | 70 | - | €1,361,339 | +€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €12,030 | +€12,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381,860 | €408,452 | +€26,592 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,592 | - | -€26,592 | |
| Other operating charges | 640/8 | €4,654 | €3,857 | -€797 | -17.1% |
| Gross operating margin | 9900 | €1,320,152 | €1,353,166 | +€33,014 | +2.5% |
| Operating profit (loss) | 9901 | €907,046 | €940,856 | +€33,810 | +3.7% |
| Financial income | 75/76B | €57,540 | €35,430 | -€22,110 | -38.4% |
| Recurring financial income | 75 | €57,540 | €35,430 | -€22,110 | -38.4% |
| Financial charges | 65/66B | €450,553 | €430,560 | -€19,993 | -4.4% |
| Recurring financial charges | 65 | €450,553 | €430,560 | -€19,993 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €514,033 | €545,727 | +€31,693 | +6.2% |
| Income taxes | 67/77 | €128,508 | €136,432 | +€7,923 | +6.2% |
| Profit (loss) for the period | 9904 | €385,525 | €409,295 | +€23,770 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €385,525 | €409,295 | +€23,770 | +6.2% |
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.