ZEG BOSSCHEN: 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.
ZEG BOSSCHEN
Largest movements
- Receivables within one year +€46,197
up €46,197 (+92.3%), from €50,048 to €96,245
of which Trade receivables: +€47,254
- Tangible fixed assets -€41,924
down €41,924 (-5.6%), from €745,014 to €703,090
of which Land and buildings: -€23,200
- Debts after one year -€56,060
down €56,060 (-22.4%), from €250,035 to €193,975
of which Other amounts payable: -€40,000
- Reserves +€23,552
up €23,552 (+16.0%), from €147,649 to €171,200
of which Distributable reserves: +€23,552
- Trade debts +€19,995
up €19,995 (+23.2%), from €86,311 to €106,306
- Tax, wage and social debts +€12,275
up €12,275 (+983%), from €1,248 to €13,524
- Gross operating margin +€7,758
up €7,758 (+9.5%), from €82,038 to €89,796
- Taxes +€7,325
up €7,325 (+587%), from €1,248 to €8,573
- Depreciation -€3,997
down €3,997 (-8.7%), from €45,921 to €41,924
- Financial income -€2,765
down €2,765 (-100%), from €2,765 to €0
- Financial charges -€1,033
down €1,033 (-49.5%), from €2,087 to €1,054
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 | €825,060 | €824,271 | -€788 | -0.1% |
| Fixed assets | 21/28 | €745,014 | €703,090 | -€41,924 | -5.6% |
| Tangible fixed assets | 22/27 | €745,014 | €703,090 | -€41,924 | -5.6% |
| Land and buildings | 22 | €687,768 | €664,568 | -€23,200 | -3.4% |
| Plant, machinery and equipment | 23 | €57,247 | €38,522 | -€18,725 | -32.7% |
| Current assets | 29/58 | €80,045 | €121,181 | +€41,136 | +51.4% |
| Amounts receivable within one year | 40/41 | €50,048 | €96,245 | +€46,197 | +92.3% |
| Trade receivables | 40 | €48,991 | €96,245 | +€47,254 | +96.5% |
| Other amounts receivable | 41 | €1,056 | €0 | -€1,056 | -100% |
| Cash at bank and in hand | 54/58 | €15,824 | €10,322 | -€5,503 | -34.8% |
| Deferred charges and accrued income | 490/1 | €14,173 | €14,614 | +€441 | +3.1% |
| Total equity and liabilities | 10/49 | €825,060 | €824,271 | -€788 | -0.1% |
| Equity | 10/15 | €462,649 | €486,200 | +€23,552 | +5.1% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €147,649 | €171,200 | +€23,552 | +16.0% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Legal reserve | 130 | €31,500 | €31,500 | = | 0.0% |
| Distributable reserves | 133 | €116,149 | €139,700 | +€23,552 | +20.3% |
| Amounts payable | 17/49 | €362,411 | €338,071 | -€24,340 | -6.7% |
| Amounts payable after more than one year | 17 | €250,035 | €193,975 | -€56,060 | -22.4% |
| Financial debts | 170/4 | €32,035 | €15,975 | -€16,060 | -50.1% |
| Other amounts payable | 178/9 | €218,000 | €178,000 | -€40,000 | -18.3% |
| Amounts payable within one year | 42/48 | €112,376 | €144,096 | +€31,720 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €16,610 | €16,060 | -€551 | -3.3% |
| Trade debts | 44 | €86,311 | €106,306 | +€19,995 | +23.2% |
| Suppliers | 440/4 | €86,311 | €106,306 | +€19,995 | +23.2% |
| Taxes, remuneration and social security | 45 | €1,248 | €13,524 | +€12,275 | +983% |
| Taxes | 450/3 | €1,248 | €13,524 | +€12,275 | +983% |
| Other amounts payable | 47/48 | €8,206 | €8,206 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,921 | €41,924 | -€3,997 | -8.7% |
| Other operating charges | 640/8 | €14,795 | €14,693 | -€102 | -0.7% |
| Gross operating margin | 9900 | €82,038 | €89,796 | +€7,758 | +9.5% |
| Operating profit (loss) | 9901 | €21,323 | €33,179 | +€11,857 | +55.6% |
| Financial income | 75/76B | €2,765 | €0 | -€2,765 | -100% |
| Recurring financial income | 75 | €2,765 | €0 | -€2,765 | -100% |
| Financial charges | 65/66B | €2,087 | €1,054 | -€1,033 | -49.5% |
| Recurring financial charges | 65 | €2,087 | €1,054 | -€1,033 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €22,001 | €32,125 | +€10,124 | +46.0% |
| Income taxes | 67/77 | €1,248 | €8,573 | +€7,325 | +587% |
| Profit (loss) for the period | 9904 | €20,752 | €23,552 | +€2,799 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,752 | €23,552 | +€2,799 | +13.5% |
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 28 October 2026 via checked.be.