ZEIDAN IMMO: 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.
ZEIDAN IMMO
Largest movements
- Tangible fixed assets -€47,865
down €47,865 (-4.1%), from €1.2m to €1.1m
- Profit (loss) carried forward -€30,329
down €30,329 (-77.0%), from -€39,404 to -€69,734
- Debts after one year -€28,664
down €28,664 (-2.5%), from €1.1m to €1.1m
of which Financial debts: -€30,066
- Gross operating margin -€11,581
down €11,581 (-22.4%), from €51,625 to €40,044
- Other operating charges +€2,158
up €2,158 (+35.2%), from €6,124 to €8,282
- Financial charges -€774
down €774 (-5.2%), from €15,001 to €14,227
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 | €1,201,689 | €1,157,015 | -€44,674 | -3.7% |
| Fixed assets | 21/28 | €1,167,688 | €1,119,823 | -€47,865 | -4.1% |
| Tangible fixed assets | 22/27 | €1,167,688 | €1,119,823 | -€47,865 | -4.1% |
| Land and buildings | 22 | €1,167,688 | €1,119,823 | -€47,865 | -4.1% |
| Current assets | 29/58 | €34,002 | €37,192 | +€3,190 | +9.4% |
| Stocks and contracts in progress | 3 | €20,700 | €20,700 | = | 0.0% |
| Stocks | 30/36 | €20,700 | €20,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,428 | €9,465 | +€3,037 | +47.2% |
| Other amounts receivable | 41 | €6,428 | €9,465 | +€3,037 | +47.2% |
| Cash at bank and in hand | 54/58 | €6,874 | €7,027 | +€153 | +2.2% |
| Total equity and liabilities | 10/49 | €1,201,689 | €1,157,015 | -€44,674 | -3.7% |
| Equity | 10/15 | €17,741 | -€12,588 | -€30,329 | |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €36,686 | €36,686 | = | 0.0% |
| Distributable reserves | 133 | €36,686 | €36,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,404 | -€69,734 | -€30,329 | -77.0% |
| Amounts payable | 17/49 | €1,183,948 | €1,169,603 | -€14,345 | -1.2% |
| Amounts payable after more than one year | 17 | €1,139,365 | €1,110,701 | -€28,664 | -2.5% |
| Financial debts | 170/4 | €1,120,207 | €1,090,141 | -€30,066 | -2.7% |
| Other amounts payable | 178/9 | €19,159 | €20,561 | +€1,402 | +7.3% |
| Amounts payable within one year | 42/48 | €43,133 | €54,888 | +€11,755 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €39,488 | €40,120 | +€632 | +1.6% |
| Trade debts | 44 | €3,645 | €14,768 | +€11,124 | +305% |
| Suppliers | 440/4 | €3,645 | €14,768 | +€11,124 | +305% |
| Accrued charges and deferred income | 492/3 | €1,450 | €4,014 | +€2,564 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,865 | €47,865 | = | 0.0% |
| Other operating charges | 640/8 | €6,124 | €8,282 | +€2,158 | +35.2% |
| Gross operating margin | 9900 | €51,625 | €40,044 | -€11,581 | -22.4% |
| Operating profit (loss) | 9901 | -€2,364 | -€16,103 | -€13,739 | -581% |
| Financial charges | 65/66B | €15,001 | €14,227 | -€774 | -5.2% |
| Recurring financial charges | 65 | €15,001 | €14,227 | -€774 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,365 | -€30,329 | -€12,965 | -74.7% |
| Profit (loss) for the period | 9904 | -€17,365 | -€30,329 | -€12,965 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,365 | -€30,329 | -€12,965 | -74.7% |
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 29 October 2026 via checked.be.