ZAVENTEM EXPRESS: 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.
ZAVENTEM EXPRESS
Largest movements
- Stocks and contracts +€7,298
up €7,298 (+88.5%), from €8,244 to €15,542
- Cash -€5,458
down €5,458 (-10.2%), from €53,778 to €48,319
mainly Debts after one year (-€7,934) and Stocks and contracts (-€7,298)
- Tangible fixed assets -€5,035
down €5,035 (-12.7%), from €39,675 to €34,640
of which Furniture and vehicles: -€6,716
- Receivables within one year -€4,439
down €4,439 (-24.8%), from €17,917 to €13,478
- Debts after one year -€7,934
down €7,934 (-56.1%), from €14,134 to €6,200
- Trade debts -€5,168
down €5,168 (-37.9%), from €13,649 to €8,482
- Current portion of long-term debt +€4,493
new in 2025: €4,493
- Tax, wage and social debts -€4,323
down €4,323 (-81.0%), from €5,334 to €1,011
- Profit (loss) carried forward +€2,710
up €2,710 (+4.2%), from €64,447 to €67,157
- Turnover -€74,372
down €74,372 (-14.0%), from €532,998 to €458,626
- Purchases and services -€63,095
down €63,095 (-12.4%), from €508,984 to €445,888
- Gross operating margin -€14,184
down €14,184 (-43.3%), from €32,744 to €18,561
- Taxes -€5,714
down €5,714 (-89.4%), from €6,391 to €677
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 | €121,488 | €113,027 | -€8,461 | -7.0% |
| Fixed assets | 21/28 | €40,675 | €35,640 | -€5,035 | -12.4% |
| Tangible fixed assets | 22/27 | €39,675 | €34,640 | -€5,035 | -12.7% |
| Plant, machinery and equipment | 23 | €1,909 | €4,285 | +€2,376 | +124% |
| Furniture and vehicles | 24 | €35,855 | €29,139 | -€6,716 | -18.7% |
| Leasing and similar rights | 25 | €1,911 | €1,216 | -€696 | -36.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €80,813 | €77,387 | -€3,426 | -4.2% |
| Stocks and contracts in progress | 3 | €8,244 | €15,542 | +€7,298 | +88.5% |
| Stocks | 30/36 | €8,244 | €15,542 | +€7,298 | +88.5% |
| Amounts receivable within one year | 40/41 | €17,917 | €13,478 | -€4,439 | -24.8% |
| Other amounts receivable | 41 | €17,917 | €13,478 | -€4,439 | -24.8% |
| Cash at bank and in hand | 54/58 | €53,778 | €48,319 | -€5,458 | -10.2% |
| Deferred charges and accrued income | 490/1 | €874 | €49 | -€826 | -94.4% |
| Total equity and liabilities | 10/49 | €121,488 | €113,027 | -€8,461 | -7.0% |
| Equity | 10/15 | €88,370 | €92,841 | +€4,471 | +5.1% |
| Contributions | 10/11 | €16,840 | €18,601 | +€1,761 | +10.5% |
| Reserves | 13 | €7,083 | €7,083 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,260 | €2,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,260 | €2,260 | = | 0.0% |
| Distributable reserves | 133 | €4,823 | €4,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,447 | €67,157 | +€2,710 | +4.2% |
| Amounts payable | 17/49 | €33,117 | €20,186 | -€12,931 | -39.0% |
| Amounts payable after more than one year | 17 | €14,134 | €6,200 | -€7,934 | -56.1% |
| Financial debts | 170/4 | €14,134 | €6,200 | -€7,934 | -56.1% |
| Amounts payable within one year | 42/48 | €18,983 | €13,986 | -€4,997 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,493 | +€4,493 | |
| Trade debts | 44 | €13,649 | €8,482 | -€5,168 | -37.9% |
| Suppliers | 440/4 | €13,649 | €8,482 | -€5,168 | -37.9% |
| Taxes, remuneration and social security | 45 | €5,334 | €1,011 | -€4,323 | -81.0% |
| Taxes | 450/3 | €5,334 | €1,011 | -€4,323 | -81.0% |
| Turnover | 70 | €532,998 | €458,626 | -€74,372 | -14.0% |
| Non-recurring operating income | 76A | €5,065 | - | -€5,065 | |
| Goods, raw materials, services and sundry goods | 60/61 | €508,984 | €445,888 | -€63,095 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,143 | €10,309 | +€2,167 | +26.6% |
| Other operating charges | 640/8 | €3,405 | €3,359 | -€46 | -1.3% |
| Gross operating margin | 9900 | €32,744 | €18,561 | -€14,184 | -43.3% |
| Operating profit (loss) | 9901 | €21,197 | €4,892 | -€16,305 | -76.9% |
| Financial income | 75/76B | €333 | - | -€333 | |
| Recurring financial income | 75 | €333 | - | -€333 | |
| Financial charges | 65/66B | €194 | €1,505 | +€1,311 | +676% |
| Recurring financial charges | 65 | €194 | €1,505 | +€1,311 | +676% |
| Profit (loss) for the period before taxes | 9903 | €21,336 | €3,387 | -€17,949 | -84.1% |
| Income taxes | 67/77 | €6,391 | €677 | -€5,714 | -89.4% |
| Profit (loss) for the period | 9904 | €14,945 | €2,710 | -€12,235 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,945 | €2,710 | -€12,235 | -81.9% |
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 21 October 2026 via checked.be.