Zeedijk 667: 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.
Zeedijk 667
Largest movements
- Stocks and contracts +€105,690
up €105,690 (+192.7%), from €54,850 to €160,540
- Tangible fixed assets -€64,048
down €64,048 (-10.9%), from €585,639 to €521,591
of which Plant, machinery and equipment: -€49,053
- Receivables within one year +€12,228
up €12,228 (+328.3%), from €3,725 to €15,953
of which Other amounts receivable: +€10,803
- Reserves +€67,511
new in 2026: €67,511
- Trade debts -€9,687
down €9,687 (-22.6%), from €42,841 to €33,154
- Taxes +€10,020
up €10,020 (+58.9%), from €17,008 to €27,028
- Depreciation -€7,664
down €7,664 (-10.3%), from €74,462 to €66,798
- Staff costs -€5,947
down €5,947 (-10.1%), from €59,142 to €53,195
- Gross operating margin -€5,346
down €5,346 (-2.2%), from €243,852 to €238,507
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,992 | €723,412 | +€54,420 | +8.1% |
| Fixed assets | 21/28 | €585,639 | €521,591 | -€64,048 | -10.9% |
| Tangible fixed assets | 22/27 | €585,639 | €521,591 | -€64,048 | -10.9% |
| Land and buildings | 22 | €471,717 | €459,118 | -€12,598 | -2.7% |
| Plant, machinery and equipment | 23 | €110,896 | €61,843 | -€49,053 | -44.2% |
| Furniture and vehicles | 24 | €3,026 | €630 | -€2,397 | -79.2% |
| Current assets | 29/58 | €83,353 | €201,821 | +€118,468 | +142.1% |
| Stocks and contracts in progress | 3 | €54,850 | €160,540 | +€105,690 | +192.7% |
| Stocks | 30/36 | €54,850 | €160,540 | +€105,690 | +192.7% |
| Amounts receivable within one year | 40/41 | €3,725 | €15,953 | +€12,228 | +328.3% |
| Trade receivables | 40 | €3,725 | €5,150 | +€1,425 | +38.3% |
| Other amounts receivable | 41 | - | €10,803 | +€10,803 | |
| Cash at bank and in hand | 54/58 | €23,213 | €22,188 | -€1,025 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,564 | €3,140 | +€1,575 | +100.7% |
| Total equity and liabilities | 10/49 | €668,992 | €723,412 | +€54,420 | +8.1% |
| Equity | 10/15 | €199,397 | €266,908 | +€67,511 | +33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €67,511 | +€67,511 | |
| Distributable reserves | 133 | - | €67,511 | +€67,511 | |
| Profit (loss) carried forward | 14 | €189,397 | €189,397 | = | 0.0% |
| Amounts payable | 17/49 | €469,594 | €456,504 | -€13,091 | -2.8% |
| Amounts payable after more than one year | 17 | €356,116 | €354,934 | -€1,182 | -0.3% |
| Financial debts | 170/4 | €333,750 | €299,643 | -€34,108 | -10.2% |
| Other amounts payable | 178/9 | €22,366 | €55,292 | +€32,926 | +147.2% |
| Amounts payable within one year | 42/48 | €113,478 | €101,569 | -€11,909 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €33,051 | €34,108 | +€1,056 | +3.2% |
| Trade debts | 44 | €42,841 | €33,154 | -€9,687 | -22.6% |
| Suppliers | 440/4 | €42,841 | €33,154 | -€9,687 | -22.6% |
| Taxes, remuneration and social security | 45 | €32,503 | €34,308 | +€1,805 | +5.6% |
| Taxes | 450/3 | €24,223 | €28,539 | +€4,317 | +17.8% |
| Remuneration and social security | 454/9 | €8,281 | €5,769 | -€2,512 | -30.3% |
| Other amounts payable | 47/48 | €5,083 | - | -€5,083 | |
| Remuneration, social security and pensions | 62 | €59,142 | €53,195 | -€5,947 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,462 | €66,798 | -€7,664 | -10.3% |
| Other operating charges | 640/8 | €6,634 | €6,284 | -€350 | -5.3% |
| Gross operating margin | 9900 | €243,852 | €238,507 | -€5,346 | -2.2% |
| Operating profit (loss) | 9901 | €103,614 | €112,230 | +€8,616 | +8.3% |
| Financial income | 75/76B | €147 | €141 | -€6 | -3.9% |
| Recurring financial income | 75 | €147 | €141 | -€6 | -3.9% |
| Financial charges | 65/66B | €15,775 | €17,831 | +€2,057 | +13.0% |
| Recurring financial charges | 65 | €15,775 | €17,831 | +€2,057 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €87,986 | €94,539 | +€6,553 | +7.4% |
| Income taxes | 67/77 | €17,008 | €27,028 | +€10,020 | +58.9% |
| Profit (loss) for the period | 9904 | €70,978 | €67,511 | -€3,467 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,978 | €67,511 | -€3,467 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.