ZAVENTEM SERVICES: 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 SERVICES
Largest movements
- Receivables after one year -€215,965
down €215,965 (-44.1%), from €489,444 to €273,479
- Cash -€8,167
down €8,167 (-44.5%), from €18,345 to €10,178
mainly Contributions, distributions and other (-€161,615) and Net result for the year (-€66,104)
- Reserves -€161,615
down €161,615 (-41.1%), from €393,684 to €232,069
of which Distributable reserves: -€161,615
- Profit (loss) carried forward -€66,104
new in 2025: -€66,104
- Financial charges +€63,940
up €63,940 (+12,044%), from €531 to €64,471
of which Non-recurring financial charges: +€63,944
- Financial income -€17,239
down €17,239 (-68.4%), from €25,218 to €7,979
- Taxes -€3,468
no longer reported in 2025 (was €3,468)
- Gross operating margin +€1,210
up €1,210 (+11.8%), from -€10,285 to -€9,075
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 | €512,267 | €290,241 | -€222,026 | -43.3% |
| Current assets | 29/58 | €512,267 | €290,241 | -€222,026 | -43.3% |
| Amounts receivable after more than one year | 29 | €489,444 | €273,479 | -€215,965 | -44.1% |
| Other amounts receivable | 291 | €489,444 | €273,479 | -€215,965 | -44.1% |
| Amounts receivable within one year | 40/41 | €3,116 | €6,584 | +€3,468 | +111% |
| Other amounts receivable | 41 | €3,116 | €6,584 | +€3,468 | +111% |
| Cash at bank and in hand | 54/58 | €18,345 | €10,178 | -€8,167 | -44.5% |
| Deferred charges and accrued income | 490/1 | €1,361 | - | -€1,361 | |
| Total equity and liabilities | 10/49 | €512,267 | €290,241 | -€222,026 | -43.3% |
| Equity | 10/15 | €455,184 | €227,465 | -€227,719 | -50.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €393,684 | €232,069 | -€161,615 | -41.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €387,534 | €225,919 | -€161,615 | -41.7% |
| Profit (loss) carried forward | 14 | - | -€66,104 | -€66,104 | |
| Amounts payable | 17/49 | €57,083 | €62,776 | +€5,693 | +10.0% |
| Amounts payable within one year | 42/48 | €57,083 | €62,776 | +€5,693 | +10.0% |
| Financial debts | 43 | €2,646 | €2,640 | -€6 | -0.2% |
| Credit institutions | 430/8 | €2,646 | €2,640 | -€6 | -0.2% |
| Trade debts | 44 | €52,938 | €57,021 | +€4,084 | +7.7% |
| Suppliers | 440/4 | €52,938 | €57,021 | +€4,084 | +7.7% |
| Other amounts payable | 47/48 | €1,500 | €3,115 | +€1,615 | +108% |
| Other operating charges | 640/8 | €532 | €537 | +€6 | +1.0% |
| Gross operating margin | 9900 | -€10,285 | -€9,075 | +€1,210 | +11.8% |
| Operating profit (loss) | 9901 | -€10,817 | -€9,612 | +€1,205 | +11.1% |
| Financial income | 75/76B | €25,218 | €7,979 | -€17,239 | -68.4% |
| Recurring financial income | 75 | €25,218 | €7,979 | -€17,239 | -68.4% |
| Financial charges | 65/66B | €531 | €64,471 | +€63,940 | +12,044% |
| Recurring financial charges | 65 | €531 | €527 | -€4 | -0.8% |
| Non-recurring financial charges | 66B | - | €63,944 | +€63,944 | |
| Profit (loss) for the period before taxes | 9903 | €13,870 | -€66,104 | -€79,974 | |
| Income taxes | 67/77 | €3,468 | - | -€3,468 | |
| Profit (loss) for the period | 9904 | €10,403 | -€66,104 | -€76,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,403 | -€66,104 | -€76,507 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.