IVAN ZON & ZEE: 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.
IVAN ZON & ZEE
Largest movements
- Tangible fixed assets -€35,267
down €35,267 (-1.9%), from €1.9m to €1.8m
of which Land and buildings: -€35,267
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€7,858
down €7,858 (-22.8%), from €34,525 to €26,667
- Taxes -€2,208
down €2,208 (-46.0%), from €4,795 to €2,587
- Financial charges -€791
down €791 (-20.3%), from €3,904 to €3,113
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 | €2,008,719 | €1,974,908 | -€33,811 | -1.7% |
| Fixed assets | 21/28 | €1,855,523 | €1,820,256 | -€35,267 | -1.9% |
| Tangible fixed assets | 22/27 | €1,855,523 | €1,820,256 | -€35,267 | -1.9% |
| Land and buildings | 22 | €1,220,627 | €1,185,360 | -€35,267 | -2.9% |
| Other tangible fixed assets | 26 | €634,896 | €634,896 | = | 0.0% |
| Current assets | 29/58 | €153,196 | €154,653 | +€1,456 | +1.0% |
| Amounts receivable within one year | 40/41 | - | €3,913 | +€3,913 | |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | - | €2,413 | +€2,413 | |
| Cash at bank and in hand | 54/58 | €153,196 | €150,740 | -€2,456 | -1.6% |
| Total equity and liabilities | 10/49 | €2,008,719 | €1,974,908 | -€33,811 | -1.7% |
| Equity | 10/15 | €1,730,569 | €1,718,580 | -€11,989 | -0.7% |
| Contributions | 10/11 | €1,165,000 | €1,165,000 | = | 0.0% |
| Reserves | 13 | €565,569 | €553,580 | -€11,989 | -2.1% |
| Tax-exempt reserves | 132 | €513,516 | €493,765 | -€19,751 | -3.8% |
| Distributable reserves | 133 | €52,053 | €59,815 | +€7,762 | +14.9% |
| Provisions and deferred taxes | 16 | €215,703 | €207,407 | -€8,296 | -3.8% |
| Deferred taxes | 168 | €215,703 | €207,407 | -€8,296 | -3.8% |
| Amounts payable | 17/49 | €62,447 | €48,922 | -€13,525 | -21.7% |
| Amounts payable within one year | 42/48 | €54,713 | €39,120 | -€15,593 | -28.5% |
| Trade debts | 44 | €0 | €4,101 | +€4,101 | |
| Suppliers | 440/4 | €0 | €4,101 | +€4,101 | |
| Taxes, remuneration and social security | 45 | €4,795 | €0 | -€4,795 | -100% |
| Taxes | 450/3 | €4,795 | €0 | -€4,795 | -100% |
| Other amounts payable | 47/48 | €49,918 | €35,019 | -€14,898 | -29.8% |
| Accrued charges and deferred income | 492/3 | €7,735 | €9,802 | +€2,067 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,267 | €35,267 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,805 | €5,985 | +€180 | +3.1% |
| Gross operating margin | 9900 | €34,525 | €26,667 | -€7,858 | -22.8% |
| Operating profit (loss) | 9901 | -€6,547 | -€14,585 | -€8,038 | -123% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €3,904 | €3,113 | -€791 | -20.3% |
| Recurring financial charges | 65 | €3,904 | €3,113 | -€791 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,450 | -€17,698 | -€7,248 | -69.4% |
| Transfer from deferred taxes | 780 | €8,296 | €8,296 | +€0 | 0.0% |
| Income taxes | 67/77 | €4,795 | €2,587 | -€2,208 | -46.0% |
| Profit (loss) for the period | 9904 | -€6,949 | -€11,989 | -€5,040 | -72.5% |
| Transfer from tax-exempt reserves | 789 | €19,751 | €19,751 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,801 | €7,762 | -€5,040 | -39.4% |
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 27 October 2026 via checked.be.