ZEEZICHT: 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.
ZEEZICHT
Largest movements
- Cash -€3,557
down €3,557 (-37.1%), from €9,586 to €6,028
mainly Net result for the year (-€5,436) and Trade debts (-€20)
- Profit (loss) carried forward -€5,436
down €5,436 (-24.6%), from €22,065 to €16,629
- Gross operating margin +€7,486
up €7,486 (+47.4%), from -€15,802 to -€8,316
- Write-downs +€2,049
up €2,049, from -€2,049 to €0
- Financial income +€583
up €583 (+19.7%), from €2,955 to €3,538
- Other operating charges -€370
down €370 (-37.1%), from €998 to €628
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 | €213,061 | €207,605 | -€5,456 | -2.6% |
| Current assets | 29/58 | €213,061 | €207,605 | -€5,456 | -2.6% |
| Amounts receivable within one year | 40/41 | €2,537 | €1,061 | -€1,476 | -58.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,537 | €1,061 | -€1,476 | -58.2% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,586 | €6,028 | -€3,557 | -37.1% |
| Deferred charges and accrued income | 490/1 | €938 | €516 | -€422 | -45.0% |
| Total equity and liabilities | 10/49 | €213,061 | €207,605 | -€5,456 | -2.6% |
| Equity | 10/15 | €187,065 | €181,629 | -€5,436 | -2.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,065 | €16,629 | -€5,436 | -24.6% |
| Provisions and deferred taxes | 16 | €25,881 | €25,881 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,881 | €25,881 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,881 | €25,881 | = | 0.0% |
| Amounts payable | 17/49 | €115 | €95 | -€20 | -17.5% |
| Amounts payable within one year | 42/48 | €115 | €95 | -€20 | -17.5% |
| Trade debts | 44 | €115 | €95 | -€20 | -17.5% |
| Suppliers | 440/4 | €115 | €95 | -€20 | -17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,049 | €0 | +€2,049 | |
| Other operating charges | 640/8 | €998 | €628 | -€370 | -37.1% |
| Gross operating margin | 9900 | -€15,802 | -€8,316 | +€7,486 | +47.4% |
| Operating profit (loss) | 9901 | -€14,751 | -€8,944 | +€5,808 | +39.4% |
| Financial income | 75/76B | €2,955 | €3,538 | +€583 | +19.7% |
| Recurring financial income | 75 | €2,955 | €3,538 | +€583 | +19.7% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,825 | -€5,436 | +€6,389 | +54.0% |
| Profit (loss) for the period | 9904 | -€11,825 | -€5,436 | +€6,389 | +54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,825 | -€5,436 | +€6,389 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.