ZEVARR: what changed
What changed
ZEVARR
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.1m+€21,691
Equity
€8.6m
2024 · €7.4m+€1.2m
Cash
€558,448
2024 · €789,393-€230,945
Balance sheet total
€8.6m
2024 · €8.0m+€594,449
Largest movements
Assets
- Current investments +€3.3m
new in 2025: €3.3m
- Receivables within one year -€2.4m
down €2.4m (-96.4%), from €2.5m to €90,698
of which Other amounts receivable: -€2.5m
- Cash -€230,945
down €230,945 (-29.3%), from €789,393 to €558,448
mainly Current investments (-€3.3m) and Other debts (-€570,435)
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+20.7%), from €5.5m to €6.7m
- Other debts -€570,435
down €570,435 (-97.0%), from €587,895 to €17,460
Income statement
- Gross operating margin -€133,364
down €133,364 (-74.5%), from €179,011 to €45,646
- Financial income +€53,180
up €53,180 (+4.8%), from €1.1m to €1.2m
- Taxes -€52,363
down €52,363, from €40,000 to -€12,363
- Staff costs -€27,401
no longer reported in 2025 (was €27,401)
- Other operating charges -€13,747
down €13,747 (-73.0%), from €18,827 to €5,080
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.1m
Gross operating margin
-€133,364
Staff costs
+€27,401
Depreciation
+€3,458
Other operating charges
+€13,747
Financial income
+€53,180
Financial charges
+€4,906
Taxes
+€52,363
Result 2025
€1.2m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.1m
Investment
-€3.3m
Financing
€0
Cash 2024
€789,393
From operations (derived)
+€3.1m
Net result for the year
+€1.2m
Depreciation
+€52,319
Receivables within one year
+€2.4m
Deferred charges and accrued income
+€29,238
Smaller working-capital items
+€14,491
Other debts
-€570,435
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€37,500
Current investments
-€3.3m
Cash 2025
€558,448
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,031,245 | €8,625,694 | +€594,449 | +7.4% |
| Fixed assets | 21/28 | €4,668,078 | €4,653,259 | -€14,819 | -0.3% |
| Tangible fixed assets | 22/27 | €1,871,003 | €1,818,684 | -€52,319 | -2.8% |
| Land and buildings | 22 | €1,799,579 | €1,772,395 | -€27,184 | -1.5% |
| Furniture and vehicles | 24 | €71,424 | €46,289 | -€25,135 | -35.2% |
| Financial fixed assets | 28 | €2,797,075 | €2,834,575 | +€37,500 | +1.3% |
| Current assets | 29/58 | €3,363,167 | €3,972,435 | +€609,268 | +18.1% |
| Amounts receivable within one year | 40/41 | €2,526,247 | €90,698 | -€2.4m | -96.4% |
| Trade receivables | 40 | €24,707 | €64,099 | +€39,391 | +159% |
| Other amounts receivable | 41 | €2,501,539 | €26,600 | -€2.5m | -98.9% |
| Current investments | 50/53 | - | €3,305,000 | +€3.3m | |
| Cash at bank and in hand | 54/58 | €789,393 | €558,448 | -€230,945 | -29.3% |
| Deferred charges and accrued income | 490/1 | €47,527 | €18,289 | -€29,238 | -61.5% |
| Total equity and liabilities | 10/49 | €8,031,245 | €8,625,694 | +€594,449 | +7.4% |
| Equity | 10/15 | €7,433,771 | €8,584,164 | +€1.2m | +15.5% |
| Contributions | 10/11 | €1,886,914 | €1,886,914 | = | 0.0% |
| Reserves | 13 | €5,546,857 | €6,697,251 | +€1.2m | +20.7% |
| Distributable reserves | 133 | €5,546,857 | €6,697,251 | +€1.2m | +20.7% |
| Amounts payable | 17/49 | €597,474 | €41,530 | -€555,944 | -93.0% |
| Amounts payable within one year | 42/48 | €597,474 | €41,495 | -€555,980 | -93.1% |
| Trade debts | 44 | €6,579 | €13,628 | +€7,048 | +107% |
| Suppliers | 440/4 | €6,579 | €13,628 | +€7,048 | +107% |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €7,407 | +€7,407 | |
| Taxes | 450/3 | - | €7,407 | +€7,407 | |
| Other amounts payable | 47/48 | €587,895 | €17,460 | -€570,435 | -97.0% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Non-recurring operating income | 76A | €68,554 | - | -€68,554 | |
| Remuneration, social security and pensions | 62 | €27,401 | - | -€27,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,778 | €52,319 | -€3,458 | -6.2% |
| Other operating charges | 640/8 | €18,827 | €5,080 | -€13,747 | -73.0% |
| Gross operating margin | 9900 | €179,011 | €45,646 | -€133,364 | -74.5% |
| Operating profit (loss) | 9901 | €77,006 | -€11,753 | -€88,758 | |
| Financial income | 75/76B | €1,099,635 | €1,152,815 | +€53,180 | +4.8% |
| Recurring financial income | 75 | €1,099,635 | €1,152,815 | +€53,180 | +4.8% |
| Financial charges | 65/66B | €7,938 | €3,033 | -€4,906 | -61.8% |
| Recurring financial charges | 65 | €7,938 | €3,033 | -€4,906 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €1,168,702 | €1,138,030 | -€30,673 | -2.6% |
| Income taxes | 67/77 | €40,000 | -€12,363 | -€52,363 | |
| Profit (loss) for the period | 9904 | €1,128,702 | €1,150,393 | +€21,691 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,128,702 | €1,150,393 | +€21,691 | +1.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.