Zeestroom: 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.
Zeestroom
Largest movements
- Receivables within one year +€76,097
up €76,097 (+232%), from €32,803 to €108,899
of which Other amounts receivable: +€56,491
- Cash -€3,490
down €3,490 (-9.8%), from €35,796 to €32,305
mainly Receivables within one year (-€76,097) and Investment in fixed assets (net) (-€3,483)
- Reserves +€68,305
up €68,305 (+79.4%), from €85,996 to €154,301
- Trade debts +€6,195
up €6,195 (+72.1%), from €8,587 to €14,783
- Gross operating margin -€7,032
down €7,032 (-7.5%), from €94,199 to €87,167
- Financial income +€2,964
up €2,964 (+7,410,075%), from €0 to €2,964
- Taxes -€1,001
down €1,001 (-5.4%), from €18,685 to €17,684
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 | €120,774 | €194,390 | +€73,616 | +61.0% |
| Fixed assets | 21/28 | €13,726 | €15,033 | +€1,307 | +9.5% |
| Tangible fixed assets | 22/27 | €13,726 | €15,033 | +€1,307 | +9.5% |
| Land and buildings | 22 | €13,189 | €11,727 | -€1,462 | -11.1% |
| Plant, machinery and equipment | 23 | €536 | €3,305 | +€2,769 | +516% |
| Current assets | 29/58 | €107,048 | €179,357 | +€72,309 | +67.5% |
| Amounts receivable within one year | 40/41 | €32,803 | €108,899 | +€76,097 | +232% |
| Trade receivables | 40 | €31,887 | €51,492 | +€19,605 | +61.5% |
| Other amounts receivable | 41 | €916 | €57,407 | +€56,491 | +6,170% |
| Current investments | 50/53 | €35,352 | €35,352 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,796 | €32,305 | -€3,490 | -9.8% |
| Deferred charges and accrued income | 490/1 | €3,098 | €2,801 | -€297 | -9.6% |
| Total equity and liabilities | 10/49 | €120,774 | €194,390 | +€73,616 | +61.0% |
| Equity | 10/15 | €85,997 | €154,302 | +€68,305 | +79.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €85,996 | €154,301 | +€68,305 | +79.4% |
| Distributable reserves | 133 | €85,996 | €154,301 | +€68,305 | +79.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,777 | €40,087 | +€5,311 | +15.3% |
| Amounts payable within one year | 42/48 | €34,777 | €40,087 | +€5,311 | +15.3% |
| Trade debts | 44 | €8,587 | €14,783 | +€6,195 | +72.1% |
| Suppliers | 440/4 | €8,587 | €14,783 | +€6,195 | +72.1% |
| Taxes, remuneration and social security | 45 | €24,927 | €23,645 | -€1,282 | -5.1% |
| Taxes | 450/3 | €24,927 | €23,645 | -€1,282 | -5.1% |
| Other amounts payable | 47/48 | €1,262 | €1,660 | +€398 | +31.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,637 | €2,176 | +€540 | +33.0% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €94,199 | €87,167 | -€7,032 | -7.5% |
| Operating profit (loss) | 9901 | €92,499 | €84,925 | -€7,574 | -8.2% |
| Financial income | 75/76B | €0 | €2,964 | +€2,964 | +7,410,075% |
| Recurring financial income | 75 | €0 | €2,964 | +€2,964 | +7,410,075% |
| Financial charges | 65/66B | €319 | €240 | -€78 | -24.6% |
| Recurring financial charges | 65 | €319 | €240 | -€78 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €92,180 | €87,649 | -€4,531 | -4.9% |
| Income taxes | 67/77 | €18,685 | €17,684 | -€1,001 | -5.4% |
| Profit (loss) for the period | 9904 | €73,495 | €69,965 | -€3,530 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,495 | €69,965 | -€3,530 | -4.8% |
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 14 October 2026 via checked.be.