ZEEKOREN: 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.
ZEEKOREN
Largest movements
- Receivables within one year -€19,782
down €19,782 (-52.8%), from €37,467 to €17,686
of which Other amounts receivable: -€10,652
- Tangible fixed assets -€11,289
down €11,289 (-13.8%), from €81,842 to €70,552
of which Furniture and vehicles: -€15,297
- Stocks and contracts -€2,682
down €2,682 (-15.9%), from €16,850 to €14,168
- Debts after one year -€17,212
down €17,212 (-37.3%), from €46,196 to €28,983
- Other debts -€13,500
down €13,500 (-27.0%), from €50,000 to €36,500
- Trade debts -€8,391
down €8,391 (-36.1%), from €23,230 to €14,839
- Staff costs +€12,836
up €12,836 (+9.9%), from €129,191 to €142,027
- Gross operating margin -€2,424
down €2,424 (-1.1%), from €211,225 to €208,801
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 | €256,525 | €218,704 | -€37,821 | -14.7% |
| Fixed assets | 21/28 | €82,258 | €70,552 | -€11,705 | -14.2% |
| Intangible fixed assets | 21 | €416 | €0 | -€416 | -100% |
| Tangible fixed assets | 22/27 | €81,842 | €70,552 | -€11,289 | -13.8% |
| Plant, machinery and equipment | 23 | €9,899 | €15,936 | +€6,036 | +61.0% |
| Furniture and vehicles | 24 | €56,597 | €41,300 | -€15,297 | -27.0% |
| Other tangible fixed assets | 26 | €15,345 | €13,317 | -€2,028 | -13.2% |
| Current assets | 29/58 | €174,267 | €148,151 | -€26,116 | -15.0% |
| Stocks and contracts in progress | 3 | €16,850 | €14,168 | -€2,682 | -15.9% |
| Stocks | 30/36 | €16,850 | €14,168 | -€2,682 | -15.9% |
| Amounts receivable within one year | 40/41 | €37,467 | €17,686 | -€19,782 | -52.8% |
| Trade receivables | 40 | €20,107 | €10,977 | -€9,130 | -45.4% |
| Other amounts receivable | 41 | €17,360 | €6,709 | -€10,652 | -61.4% |
| Cash at bank and in hand | 54/58 | €114,675 | €112,327 | -€2,348 | -2.0% |
| Deferred charges and accrued income | 490/1 | €5,276 | €3,971 | -€1,305 | -24.7% |
| Total equity and liabilities | 10/49 | €256,525 | €218,704 | -€37,821 | -14.7% |
| Equity | 10/15 | €101,211 | €101,306 | +€95 | +0.1% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €64,211 | €64,211 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,816 | €10,816 | = | 0.0% |
| Distributable reserves | 133 | €53,395 | €53,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €95 | +€95 | |
| Amounts payable | 17/49 | €155,314 | €117,398 | -€37,917 | -24.4% |
| Amounts payable after more than one year | 17 | €46,196 | €28,983 | -€17,212 | -37.3% |
| Financial debts | 170/4 | €46,196 | €28,983 | -€17,212 | -37.3% |
| Amounts payable within one year | 42/48 | €109,119 | €88,415 | -€20,704 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €18,514 | €17,212 | -€1,302 | -7.0% |
| Trade debts | 44 | €23,230 | €14,839 | -€8,391 | -36.1% |
| Suppliers | 440/4 | €23,230 | €14,839 | -€8,391 | -36.1% |
| Taxes, remuneration and social security | 45 | €17,375 | €19,863 | +€2,488 | +14.3% |
| Taxes | 450/3 | €60 | €427 | +€368 | +617% |
| Remuneration and social security | 454/9 | €17,315 | €19,436 | +€2,121 | +12.2% |
| Other amounts payable | 47/48 | €50,000 | €36,500 | -€13,500 | -27.0% |
| Remuneration, social security and pensions | 62 | €129,191 | €142,027 | +€12,836 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,033 | €23,979 | -€1,054 | -4.2% |
| Other operating charges | 640/8 | €1,305 | €1,285 | -€20 | -1.6% |
| Gross operating margin | 9900 | €211,225 | €208,801 | -€2,424 | -1.1% |
| Operating profit (loss) | 9901 | €55,696 | €41,509 | -€14,186 | -25.5% |
| Financial income | 75/76B | €273 | €1,082 | +€809 | +297% |
| Recurring financial income | 75 | €273 | €1,082 | +€809 | +297% |
| Financial charges | 65/66B | €5,278 | €3,628 | -€1,649 | -31.3% |
| Recurring financial charges | 65 | €5,278 | €3,628 | -€1,649 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €50,690 | €38,963 | -€11,727 | -23.1% |
| Income taxes | 67/77 | €746 | €2,368 | +€1,621 | +217% |
| Profit (loss) for the period | 9904 | €49,944 | €36,595 | -€13,349 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,944 | €36,595 | -€13,349 | -26.7% |
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 29 October 2026 via checked.be.