Zennepoort: 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.
Zennepoort
Largest movements
- Receivables within one year +€125,072
up €125,072 (+30.5%), from €409,451 to €534,522
of which Other amounts receivable: +€126,190
- Cash -€107,046
no longer reported in 2025 (was €107,046)
mainly Receivables within one year (-€125,072) and Provisions (-€34,265)
- Stocks and contracts +€11,779
up €11,779 (+5.2%), from €225,095 to €236,875
- Profit (loss) carried forward +€38,081
up €38,081 (+42.1%), from -€90,552 to -€52,471
- Provisions -€34,265
down €34,265 (-20.5%), from €167,162 to €132,897
- Advances received +€21,868
new in 2025: €21,868
- Provisions -€34,265
new in 2025: -€34,265
- Gross operating margin -€4,475
down €4,475 (-88.3%), from -€5,067 to -€9,543
- Financial income -€3,822
down €3,822 (-20.7%), from €18,464 to €14,642
- Financial charges +€195
up €195 (+26.4%), from €740 to €935
- Other operating charges -€193
down €193 (-35.7%), from €541 to €348
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 | €741,592 | €771,397 | +€29,804 | +4.0% |
| Current assets | 29/58 | €741,592 | €771,397 | +€29,804 | +4.0% |
| Stocks and contracts in progress | 3 | €225,095 | €236,875 | +€11,779 | +5.2% |
| Stocks | 30/36 | €225,095 | €236,875 | +€11,779 | +5.2% |
| Amounts receivable within one year | 40/41 | €409,451 | €534,522 | +€125,072 | +30.5% |
| Trade receivables | 40 | €1,118 | - | -€1,118 | |
| Other amounts receivable | 41 | €408,333 | €534,522 | +€126,190 | +30.9% |
| Cash at bank and in hand | 54/58 | €107,046 | - | -€107,046 | |
| Total equity and liabilities | 10/49 | €741,592 | €771,397 | +€29,804 | +4.0% |
| Equity | 10/15 | €571,448 | €609,529 | +€38,081 | +6.7% |
| Contributions | 10/11 | €662,000 | €662,000 | = | 0.0% |
| Capital | 10 | €662,000 | €662,000 | = | 0.0% |
| Issued capital | 100 | €662,000 | €662,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,552 | -€52,471 | +€38,081 | +42.1% |
| Provisions and deferred taxes | 16 | €167,162 | €132,897 | -€34,265 | -20.5% |
| Provisions for liabilities and charges | 160/5 | €167,162 | €132,897 | -€34,265 | -20.5% |
| Environmental obligations | 163 | €167,162 | €132,897 | -€34,265 | -20.5% |
| Amounts payable | 17/49 | €2,983 | €28,971 | +€25,989 | +871.3% |
| Amounts payable within one year | 42/48 | €2,983 | €28,971 | +€25,989 | +871.3% |
| Trade debts | 44 | €2,983 | €7,103 | +€4,121 | +138.1% |
| Suppliers | 440/4 | €2,983 | €7,103 | +€4,121 | +138.1% |
| Advances received on contracts in progress | 46 | - | €21,868 | +€21,868 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€34,265 | -€34,265 | |
| Other operating charges | 640/8 | €541 | €348 | -€193 | -35.7% |
| Gross operating margin | 9900 | -€5,067 | -€9,543 | -€4,475 | -88.3% |
| Operating profit (loss) | 9901 | -€5,608 | €24,374 | +€29,983 | |
| Financial income | 75/76B | €18,464 | €14,642 | -€3,822 | -20.7% |
| Recurring financial income | 75 | €18,464 | €14,642 | -€3,822 | -20.7% |
| Financial charges | 65/66B | €740 | €935 | +€195 | +26.4% |
| Recurring financial charges | 65 | €740 | €935 | +€195 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €12,116 | €38,081 | +€25,965 | +214.3% |
| Profit (loss) for the period | 9904 | €12,116 | €38,081 | +€25,965 | +214.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,116 | €38,081 | +€25,965 | +214.3% |
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 9 October 2026 via checked.be.