Zeezotje: 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.
Zeezotje
Largest movements
- Receivables within one year +€246,856
up €246,856 (+1362.9%), from €18,112 to €264,968
of which Other amounts receivable: +€247,893
- Cash -€180,297
down €180,297 (-100.0%), from €180,346 to €49
mainly Receivables within one year (-€246,856) and Trade debts (-€71,896)
- Tangible fixed assets -€56,307
down €56,307 (-19.4%), from €290,827 to €234,520
- Stocks and contracts -€13,121
down €13,121 (-100.0%), from €13,121 to €0
- Reserves +€154,832
up €154,832 (+118.7%), from €130,453 to €285,285
of which Distributable reserves: +€154,832
- Trade debts -€71,896
down €71,896 (-88.6%), from €81,191 to €9,295
- Tax, wage and social debts -€51,352
down €51,352 (-73.4%), from €69,932 to €18,580
of which Remuneration and social security: -€34,240
- Debts after one year -€22,189
down €22,189 (-12.4%), from €179,332 to €157,143
- Short-term financial debts -€21,494
down €21,494 (-98.1%), from €21,912 to €418
- Staff costs -€301,263
down €301,263 (-56.2%), from €535,944 to €234,681
- Gross operating margin -€268,324
down €268,324 (-35.2%), from €763,093 to €494,768
- Depreciation -€17,831
down €17,831 (-51.6%), from €34,526 to €16,695
- Taxes +€16,920
up €16,920 (+29.6%), from €57,153 to €74,073
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.
Cash bridge derived
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 | €510,855 | €500,906 | -€9,948 | -1.9% |
| Fixed assets | 21/28 | €292,929 | €234,520 | -€58,408 | -19.9% |
| Intangible fixed assets | 21 | €1,477 | €0 | -€1,477 | -100.0% |
| Tangible fixed assets | 22/27 | €290,827 | €234,520 | -€56,307 | -19.4% |
| Land and buildings | 22 | €236,508 | €220,269 | -€16,240 | -6.9% |
| Plant, machinery and equipment | 23 | €19,957 | €30 | -€19,927 | -99.8% |
| Furniture and vehicles | 24 | €17,810 | €10,165 | -€7,645 | -42.9% |
| Other tangible fixed assets | 26 | €16,552 | €4,057 | -€12,496 | -75.5% |
| Financial fixed assets | 28 | €625 | €0 | -€625 | -100.0% |
| Current assets | 29/58 | €217,926 | €266,386 | +€48,460 | +22.2% |
| Stocks and contracts in progress | 3 | €13,121 | €0 | -€13,121 | -100.0% |
| Stocks | 30/36 | €13,121 | €0 | -€13,121 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,112 | €264,968 | +€246,856 | +1362.9% |
| Trade receivables | 40 | €6,552 | €5,515 | -€1,038 | -15.8% |
| Other amounts receivable | 41 | €11,560 | €259,453 | +€247,893 | +2144.5% |
| Cash at bank and in hand | 54/58 | €180,346 | €49 | -€180,297 | -100.0% |
| Deferred charges and accrued income | 490/1 | €6,346 | €1,369 | -€4,977 | -78.4% |
| Total equity and liabilities | 10/49 | €510,855 | €500,906 | -€9,948 | -1.9% |
| Equity | 10/15 | €136,659 | €291,491 | +€154,832 | +113.3% |
| Contributions | 10/11 | €6,207 | €6,207 | = | 0.0% |
| Reserves | 13 | €130,453 | €285,285 | +€154,832 | +118.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €179 | €179 | = | 0.0% |
| Distributable reserves | 133 | €130,274 | €285,106 | +€154,832 | +118.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €374,195 | €209,415 | -€164,780 | -44.0% |
| Amounts payable after more than one year | 17 | €179,332 | €157,143 | -€22,189 | -12.4% |
| Financial debts | 170/4 | €179,332 | €157,143 | -€22,189 | -12.4% |
| Amounts payable within one year | 42/48 | €194,863 | €51,810 | -€143,053 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €21,828 | €23,517 | +€1,689 | +7.7% |
| Financial debts | 43 | €21,912 | €418 | -€21,494 | -98.1% |
| Credit institutions | 430/8 | €21,912 | €418 | -€21,494 | -98.1% |
| Trade debts | 44 | €81,191 | €9,295 | -€71,896 | -88.6% |
| Suppliers | 440/4 | €81,191 | €9,295 | -€71,896 | -88.6% |
| Taxes, remuneration and social security | 45 | €69,932 | €18,580 | -€51,352 | -73.4% |
| Taxes | 450/3 | €28,465 | €11,353 | -€17,112 | -60.1% |
| Remuneration and social security | 454/9 | €41,466 | €7,226 | -€34,240 | -82.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €462 | +€462 | |
| Non-recurring operating income | 76A | €1,810 | €2,186 | +€376 | +20.8% |
| Remuneration, social security and pensions | 62 | €535,944 | €234,681 | -€301,263 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,526 | €16,695 | -€17,831 | -51.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,039 | €14,488 | -€3,551 | -19.7% |
| Gross operating margin | 9900 | €763,093 | €494,768 | -€268,324 | -35.2% |
| Operating profit (loss) | 9901 | €174,583 | €228,905 | +€54,322 | +31.1% |
| Financial income | 75/76B | €1,774 | €6,547 | +€4,773 | +269.0% |
| Recurring financial income | 75 | €1,774 | €6,547 | +€4,773 | +269.0% |
| Financial charges | 65/66B | €5,906 | €6,547 | +€641 | +10.9% |
| Recurring financial charges | 65 | €5,906 | €6,547 | +€641 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €170,452 | €228,905 | +€58,453 | +34.3% |
| Income taxes | 67/77 | €57,153 | €74,073 | +€16,920 | +29.6% |
| Profit (loss) for the period | 9904 | €113,298 | €154,832 | +€41,533 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,298 | €154,832 | +€41,533 | +36.7% |
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 10 October 2026 via checked.be.