RE-VIVE ZORRO DEVELOPMENT: what changed
What changed
RE-VIVE ZORRO DEVELOPMENT
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€2.4m
2024 · -€3.4m+€5.8m
Equity
-€372,189
2024 · -€2.8m+€2.4m
Cash
€2.1m
2024 · €1.4m+€761,197
Balance sheet total
€12.3m
2024 · €28.9m-€16.5m
Largest movements
Assets
- Stocks and contracts -€11.5m
down €11.5m (-54.0%), from €21.2m to €9.8m
of which Stocks: -€14.7m
- Receivables within one year -€5.0m
down €5.0m (-94.9%), from €5.3m to €266,995
of which Trade receivables: -€4.9m
- Deferred charges and accrued income -€863,397
down €863,397 (-81.1%), from €1.1m to €201,326
- Cash +€761,197
up €761,197 (+56.3%), from €1.4m to €2.1m
mainly Stocks and contracts (+€11.5m) and Receivables within one year (+€5.0m)
Equity and liabilities
- Short-term financial debts -€11.8m
down €11.8m (-100%), from €11.8m to €0
- Accrued charges and deferred income -€4.3m
down €4.3m (-57.5%), from €7.5m to €3.2m
- Profit (loss) carried forward +€2.4m
up €2.4m (+80.9%), from -€3.0m to -€563,389
- Trade debts -€1.7m
down €1.7m (-83.7%), from €2.1m to €340,282
- Advances received -€737,170
down €737,170 (-100%), from €737,170 to €0
Income statement
- Turnover -€10.1m
down €10.1m (-41.7%), from €24.1m to €14.0m
- Write-downs -€1.8m
down €1.8m, from €1.5m to -€276,689
- Taxes +€531,005
up €531,005, from -€5 to €531,000
of which Taxes: +€531,000
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.
Result 2024
-€3.4m
Turnover
-€10.1m
Other operating income
+€36,655
Goods and materials
+€176,348
Services and other goods
-€193,784
Write-downs
+€1.8m
Other operating charges
+€98,385
Other operating items
+€14.4m
Financial income
+€3,363
Financial charges
+€34,412
Taxes
-€531,005
Result 2025
€2.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€13.2m
Investment
€0
Financing
-€12.5m
Cash 2024
€1.4m
From operations (derived)
+€13.2m
Net result for the year
+€2.4m
Stocks and contracts
+€11.5m
Receivables within one year
+€5.0m
Deferred charges and accrued income
+€863,397
Trade debts
-€1.7m
Tax, wage and social debts
+€309,737
Advances received
-€737,170
Other debts
-€19
Accrued charges and deferred income
-€4.3m
Financing
-€12.5m
Debts after one year
-€631,484
Short-term financial debts
-€11.8m
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,877,021 | €12,333,574 | -€16.5m | -57.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €28,877,021 | €12,333,574 | -€16.5m | -57.3% |
| Stocks and contracts in progress | 3 | €21,203,972 | €9,753,016 | -€11.5m | -54.0% |
| Stocks | 30/36 | €21,203,972 | €6,519,890 | -€14.7m | -69.3% |
| Property held for sale | 35 | €21,203,972 | €6,519,890 | -€14.7m | -69.3% |
| Contracts in progress | 37 | €0 | €3,233,125 | +€3.2m | |
| Amounts receivable within one year | 40/41 | €5,257,286 | €266,995 | -€5.0m | -94.9% |
| Trade receivables | 40 | €5,126,631 | €266,995 | -€4.9m | -94.8% |
| Other amounts receivable | 41 | €130,655 | €0 | -€130,655 | -100% |
| Cash at bank and in hand | 54/58 | €1,351,040 | €2,112,237 | +€761,197 | +56.3% |
| Deferred charges and accrued income | 490/1 | €1,064,723 | €201,326 | -€863,397 | -81.1% |
| Total equity and liabilities | 10/49 | €28,877,021 | €12,333,574 | -€16.5m | -57.3% |
| Equity | 10/15 | -€2,765,458 | -€372,189 | +€2.4m | +86.5% |
| Contributions | 10/11 | €191,200 | €191,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,956,658 | -€563,389 | +€2.4m | +80.9% |
| Amounts payable | 17/49 | €31,642,478 | €12,705,763 | -€18.9m | -59.8% |
| Amounts payable after more than one year | 17 | €9,413,729 | €8,782,245 | -€631,484 | -6.7% |
| Financial debts | 170/4 | €6,339,729 | €4,558,245 | -€1.8m | -28.1% |
| Subordinated loans | 170 | €2,534,086 | €2,648,120 | +€114,034 | +4.5% |
| Other loans | 174 | €3,805,643 | €1,910,125 | -€1.9m | -49.8% |
| Other amounts payable | 178/9 | €3,074,000 | €4,224,000 | +€1.2m | +37.4% |
| Amounts payable within one year | 42/48 | €14,749,776 | €742,336 | -€14.0m | -95.0% |
| Financial debts | 43 | €11,835,311 | €0 | -€11.8m | -100% |
| Credit institutions | 430/8 | €11,835,311 | €0 | -€11.8m | -100% |
| Trade debts | 44 | €2,084,959 | €340,282 | -€1.7m | -83.7% |
| Suppliers | 440/4 | €2,084,959 | €340,282 | -€1.7m | -83.7% |
| Advances received on contracts in progress | 46 | €737,170 | €0 | -€737,170 | -100% |
| Taxes, remuneration and social security | 45 | €92,316 | €402,054 | +€309,737 | +336% |
| Taxes | 450/3 | €92,316 | €402,054 | +€309,737 | +336% |
| Other amounts payable | 47/48 | €19 | €0 | -€19 | -100% |
| Accrued charges and deferred income | 492/3 | €7,478,973 | €3,181,182 | -€4.3m | -57.5% |
| Operating income | 70/76A | -€832,781 | €3,547,639 | +€4.4m | |
| Turnover | 70 | €24,090,837 | €14,038,733 | -€10.1m | -41.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€24,936,963 | -€11,397,548 | +€13.5m | +54.3% |
| Other operating income | 74 | €13,345 | €50,000 | +€36,655 | +275% |
| Non-recurring operating income | 76A | €0 | €856,453 | +€856,453 | |
| Operating charges | 60/66A | €2,457,464 | €575,527 | -€1.9m | -76.6% |
| Goods for resale, raw materials and consumables | 60 | €615,765 | €439,417 | -€176,348 | -28.6% |
| Purchases | 600/8 | €31,431,835 | €1,331,504 | -€30.1m | -95.8% |
| Change in stocks: decrease (increase) | 609 | -€30,816,069 | -€892,086 | +€29.9m | +97.1% |
| Services and other goods | 61 | €215,375 | €409,160 | +€193,784 | +90.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,524,299 | -€276,689 | -€1.8m | |
| Other operating charges | 640/8 | €102,024 | €3,639 | -€98,385 | -96.4% |
| Operating profit (loss) | 9901 | -€3,290,244 | €2,972,112 | +€6.3m | |
| Financial income | 75/76B | €3 | €3,367 | +€3,363 | +105,765% |
| Recurring financial income | 75 | €3 | €1,802 | +€1,799 | +56,568% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €3 | €1,802 | +€1,799 | +56,568% |
| Non-recurring financial income | 76B | €0 | €1,564 | +€1,564 | |
| Financial charges | 65/66B | €85,622 | €51,210 | -€34,412 | -40.2% |
| Recurring financial charges | 65 | €85,380 | €51,210 | -€34,170 | -40.0% |
| Debt charges | 650 | €48,420 | €17,103 | -€31,316 | -64.7% |
| Other financial charges | 652/9 | €36,961 | €34,107 | -€2,854 | -7.7% |
| Non-recurring financial charges | 66B | €241 | €0 | -€241 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€3,375,863 | €2,924,268 | +€6.3m | |
| Income taxes | 67/77 | -€5 | €531,000 | +€531,005 | |
| Taxes | 670/3 | €0 | €531,000 | +€531,000 | |
| Tax adjustments and reversals of tax provisions | 77 | €5 | €0 | -€5 | -100% |
| Profit (loss) for the period | 9904 | -€3,375,858 | €2,393,268 | +€5.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,375,858 | €2,393,268 | +€5.8m |
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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.