ZEGHERS: what changed
Two fiscal 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.
What changed
ZEGHERS
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€372,816
2024 · €688,084-€315,267
Equity
€2.9m
2024 · €4.0m-€1.1m
Cash
€1.5m
2024 · €3.4m-€1.9m
Balance sheet total
€4.3m
2024 · €6.0m-€1.7m
Largest movements
Assets
- Cash -€1.9m
down €1.9m (-56.5%), from €3.4m to €1.5m
mainly Contributions, distributions and other (-€1.4m) and Trade debts (-€390,596)
- Receivables within one year +€346,052
up €346,052 (+24.9%), from €1.4m to €1.7m
of which Other amounts receivable: +€254,510
- Tangible fixed assets -€135,844
down €135,844 (-14.0%), from €970,532 to €834,688
of which Other tangible fixed assets: -€88,462
Equity and liabilities
- Reserves -€1.1m
down €1.1m (-27.6%), from €3.9m to €2.8m
of which Distributable reserves: -€864,894
- Trade debts -€390,596
down €390,596 (-25.0%), from €1.6m to €1.2m
- Other debts -€117,317
down €117,317 (-54.0%), from €217,317 to €100,000
- Current portion of long-term debt -€84,394
down €84,394 (-83.3%), from €101,360 to €16,966
Income statement
- Turnover -€1.9m
down €1.9m (-10.0%), from €18.6m to €16.7m
- Goods and materials -€1.5m
down €1.5m (-9.6%), from €15.6m to €14.1m
of which Purchases: -€1.5m
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.
Result 2024
€688,084
Turnover
-€1.9m
Other operating income
-€25,189
Goods and materials
+€1.5m
Services and other goods
+€42,444
Staff costs
-€62,606
Depreciation
-€8,717
Write-downs
+€4,581
Other operating charges
+€2,268
Other operating items
+€8,588
Financial income
-€9,819
Financial charges
+€2,565
Taxes
+€90,363
Result 2025
€372,816
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.
From operations
-€295,538
Investment
-€77,771
Financing
-€1.5m
Cash 2024
€3.4m
From operations (derived)
-€295,538
Net result for the year
+€372,816
Depreciation
+€213,749
Stocks and contracts
+€7,912
Receivables within one year
-€346,052
Trade debts
-€390,596
Tax, wage and social debts
-€44,541
Other debts
-€117,317
Accrued charges and deferred income
+€8,491
Investment (derived)
-€77,771
Investment in fixed assets (net)
-€77,771
Financing
-€1.5m
Debts after one year
-€16,966
Current portion of long-term debt
-€84,394
Contributions, distributions and other
-€1.4m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,034,821 | €4,314,105 | -€1.7m | -28.5% |
| Fixed assets | 21/28 | €1,110,676 | €974,697 | -€135,979 | -12.2% |
| Tangible fixed assets | 22/27 | €970,532 | €834,688 | -€135,844 | -14.0% |
| Plant, machinery and equipment | 23 | €81,754 | €62,161 | -€19,593 | -24.0% |
| Furniture and vehicles | 24 | €190,763 | €177,590 | -€13,173 | -6.9% |
| Leasing and similar rights | 25 | €146,146 | €131,532 | -€14,615 | -10.0% |
| Other tangible fixed assets | 26 | €551,868 | €463,406 | -€88,462 | -16.0% |
| Financial fixed assets | 28 | €140,144 | €140,009 | -€135 | -0.1% |
| Other financial fixed assets | 284/8 | €140,144 | €140,009 | -€135 | -0.1% |
| Shares | 284 | €139,674 | €139,674 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €470 | €335 | -€135 | -28.7% |
| Current assets | 29/58 | €4,924,146 | €3,339,408 | -€1.6m | -32.2% |
| Stocks and contracts in progress | 3 | €129,408 | €121,496 | -€7,912 | -6.1% |
| Stocks | 30/36 | €129,408 | €121,496 | -€7,912 | -6.1% |
| Raw materials and consumables | 30/31 | €16,459 | €22,748 | +€6,289 | +38.2% |
| Goods purchased for resale | 34 | €112,949 | €98,748 | -€14,201 | -12.6% |
| Amounts receivable within one year | 40/41 | €1,388,753 | €1,734,805 | +€346,052 | +24.9% |
| Trade receivables | 40 | €1,384,907 | €1,476,449 | +€91,542 | +6.6% |
| Other amounts receivable | 41 | €3,846 | €258,355 | +€254,510 | +6618.3% |
| Cash at bank and in hand | 54/58 | €3,405,986 | €1,483,107 | -€1.9m | -56.5% |
| Total equity and liabilities | 10/49 | €6,034,821 | €4,314,105 | -€1.7m | -28.5% |
| Equity | 10/15 | €3,964,615 | €2,889,221 | -€1.1m | -27.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,899,615 | €2,824,221 | -€1.1m | -27.6% |
| Non-distributable reserves | 130/1 | €53,300 | €53,300 | = | 0.0% |
| Legal reserve | 130 | €53,300 | €53,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €463,100 | €252,600 | -€210,500 | -45.5% |
| Distributable reserves | 133 | €3,383,215 | €2,518,321 | -€864,894 | -25.6% |
| Amounts payable | 17/49 | €2,070,206 | €1,424,884 | -€645,323 | -31.2% |
| Amounts payable after more than one year | 17 | €16,966 | €0 | -€16,966 | -100.0% |
| Financial debts | 170/4 | €16,966 | €0 | -€16,966 | -100.0% |
| Credit institutions | 173 | €16,966 | €0 | -€16,966 | -100.0% |
| Amounts payable within one year | 42/48 | €2,053,240 | €1,416,393 | -€636,847 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €101,360 | €16,966 | -€84,394 | -83.3% |
| Trade debts | 44 | €1,563,291 | €1,172,695 | -€390,596 | -25.0% |
| Suppliers | 440/4 | €1,563,291 | €1,172,695 | -€390,596 | -25.0% |
| Taxes, remuneration and social security | 45 | €171,272 | €126,731 | -€44,541 | -26.0% |
| Taxes | 450/3 | €121,856 | €58,831 | -€63,025 | -51.7% |
| Remuneration and social security | 454/9 | €49,416 | €67,900 | +€18,484 | +37.4% |
| Other amounts payable | 47/48 | €217,317 | €100,000 | -€117,317 | -54.0% |
| Accrued charges and deferred income | 492/3 | - | €8,491 | +€8,491 | |
| Operating income | 70/76A | €18,667,212 | €16,791,250 | -€1.9m | -10.0% |
| Turnover | 70 | €18,568,470 | €16,709,109 | -€1.9m | -10.0% |
| Other operating income | 74 | €58,571 | €33,382 | -€25,189 | -43.0% |
| Non-recurring operating income | 76A | €40,171 | €48,759 | +€8,588 | +21.4% |
| Operating charges | 60/66A | €17,816,820 | €16,339,235 | -€1.5m | -8.3% |
| Goods for resale, raw materials and consumables | 60 | €15,628,382 | €14,128,767 | -€1.5m | -9.6% |
| Purchases | 600/8 | €15,592,897 | €14,114,567 | -€1.5m | -9.5% |
| Change in stocks: decrease (increase) | 609 | €35,485 | €14,201 | -€21,285 | -60.0% |
| Services and other goods | 61 | €1,534,138 | €1,491,693 | -€42,444 | -2.8% |
| Remuneration, social security and pensions | 62 | €430,868 | €493,474 | +€62,606 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,032 | €213,749 | +€8,717 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,581 | €0 | -€4,581 | -100.0% |
| Other operating charges | 640/8 | €13,819 | €11,551 | -€2,268 | -16.4% |
| Operating profit (loss) | 9901 | €850,391 | €452,015 | -€398,376 | -46.8% |
| Financial income | 75/76B | €61,832 | €52,013 | -€9,819 | -15.9% |
| Recurring financial income | 75 | €61,832 | €52,013 | -€9,819 | -15.9% |
| Income from current assets | 751 | €60,422 | €51,575 | -€8,847 | -14.6% |
| Other financial income | 752/9 | €1,410 | €438 | -€972 | -68.9% |
| Financial charges | 65/66B | €3,328 | €763 | -€2,565 | -77.1% |
| Recurring financial charges | 65 | €3,328 | €763 | -€2,565 | -77.1% |
| Debt charges | 650 | €1,279 | €532 | -€747 | -58.4% |
| Other financial charges | 652/9 | €2,048 | €230 | -€1,818 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €908,896 | €503,265 | -€405,630 | -44.6% |
| Income taxes | 67/77 | €220,812 | €130,449 | -€90,363 | -40.9% |
| Taxes | 670/3 | €220,812 | €130,449 | -€90,363 | -40.9% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €688,084 | €372,816 | -€315,267 | -45.8% |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Transfer to tax-exempt reserves | 689 | €126,300 | €0 | -€126,300 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €561,784 | €583,316 | +€21,533 | +3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.