INVEST ZEDELGEM: what changed
INVEST ZEDELGEM
Largest movements
- Receivables after one year +€276,292
new in 2025: €276,292
- Cash -€195,985
down €195,985 (-55.7%), from €352,154 to €156,169
mainly Receivables after one year (-€276,292) and Contributions, distributions and other (-€75,000)
- Tangible fixed assets -€36,115
down €36,115 (-2.5%), from €1.5m to €1.4m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€7.2m
down €7.2m (-100.0%), from €7.2m to €2,080
of which Non-recurring financial income: -€6.8m
- Financial charges -€24,653
down €24,653 (-97.6%), from €25,262 to €609
- Gross operating margin -€15,157
down €15,157 (-7.4%), from €204,977 to €189,820
- Taxes +€14,035
new in 2025: €14,035
- Other operating charges +€10,004
up €10,004 (+44.0%), from €22,738 to €32,743
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 | €3,301,775 | €3,347,548 | +€45,773 | +1.4% |
| Fixed assets | 21/28 | €2,947,518 | €2,911,404 | -€36,115 | -1.2% |
| Tangible fixed assets | 22/27 | €1,458,341 | €1,422,226 | -€36,115 | -2.5% |
| Land and buildings | 22 | €1,458,341 | €1,422,226 | -€36,115 | -2.5% |
| Financial fixed assets | 28 | €1,489,177 | €1,489,177 | = | 0.0% |
| Current assets | 29/58 | €354,256 | €436,144 | +€81,888 | +23.1% |
| Amounts receivable after more than one year | 29 | - | €276,292 | +€276,292 | |
| Other amounts receivable | 291 | - | €276,292 | +€276,292 | |
| Amounts receivable within one year | 40/41 | €2,103 | €1,603 | -€499 | -23.8% |
| Other amounts receivable | 41 | €2,103 | €1,603 | -€499 | -23.8% |
| Cash at bank and in hand | 54/58 | €352,154 | €156,169 | -€195,985 | -55.7% |
| Deferred charges and accrued income | 490/1 | - | €2,080 | +€2,080 | |
| Total equity and liabilities | 10/49 | €3,301,775 | €3,347,548 | +€45,773 | +1.4% |
| Equity | 10/15 | €3,226,600 | €3,259,999 | +€33,399 | +1.0% |
| Contributions | 10/11 | €744,000 | €744,000 | = | 0.0% |
| Capital | 10 | €744,000 | €744,000 | = | 0.0% |
| Issued capital | 100 | €744,000 | €744,000 | = | 0.0% |
| Reserves | 13 | €2,074,400 | €2,074,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,400 | €74,400 | = | 0.0% |
| Legal reserve | 130 | €74,400 | €74,400 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €408,200 | €441,599 | +€33,399 | +8.2% |
| Amounts payable | 17/49 | €75,175 | €87,549 | +€12,374 | +16.5% |
| Amounts payable within one year | 42/48 | €75,175 | €87,549 | +€12,374 | +16.5% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | - | €12,500 | +€12,500 | |
| Taxes | 450/3 | - | €12,500 | +€12,500 | |
| Other amounts payable | 47/48 | €75,049 | €75,049 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,412 | €36,115 | -€7,297 | -16.8% |
| Other operating charges | 640/8 | €22,738 | €32,743 | +€10,004 | +44.0% |
| Gross operating margin | 9900 | €204,977 | €189,820 | -€15,157 | -7.4% |
| Operating profit (loss) | 9901 | €138,827 | €120,963 | -€17,864 | -12.9% |
| Financial income | 75/76B | €7,205,862 | €2,080 | -€7.2m | -100.0% |
| Recurring financial income | 75 | €405,200 | €2,080 | -€403,120 | -99.5% |
| Non-recurring financial income | 76B | €6,800,662 | - | -€6.8m | |
| Financial charges | 65/66B | €25,262 | €609 | -€24,653 | -97.6% |
| Recurring financial charges | 65 | €25,262 | €609 | -€24,653 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | €7,319,427 | €122,434 | -€7.2m | -98.3% |
| Income taxes | 67/77 | - | €14,035 | +€14,035 | |
| Profit (loss) for the period | 9904 | €7,319,427 | €108,399 | -€7.2m | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,319,427 | €108,399 | -€7.2m | -98.5% |
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 3 November 2026 via checked.be.