ZEVENBERGEN: 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.
ZEVENBERGEN
Largest movements
- Current investments +€501,594
new in 2025: €501,594
- Cash -€139,060
down €139,060 (-86.4%), from €160,913 to €21,852
mainly Current investments (-€501,594) and Receivables within one year (-€15,067)
- Tangible fixed assets -€75,818
down €75,818 (-3.0%), from €2.5m to €2.4m
of which Land and buildings: -€76,598
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€200,000
up €200,000 (+8.4%), from €2.4m to €2.6m
of which Distributable reserves: +€200,000
- Profit (loss) carried forward +€37,592
up €37,592 (+156%), from €24,028 to €61,620
- Gross operating margin +€132,111
up €132,111 (+42.2%), from €313,271 to €445,383
- Depreciation -€59,519
down €59,519 (-43.4%), from €137,084 to €77,566
- Taxes +€44,522
up €44,522 (+128%), from €34,676 to €79,197
- Financial income +€4,962
up €4,962 (+2,112%), from €235 to €5,197
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 | €2,700,214 | €2,953,474 | +€253,259 | +9.4% |
| Fixed assets | 21/28 | €2,488,593 | €2,412,775 | -€75,818 | -3.0% |
| Tangible fixed assets | 22/27 | €2,488,593 | €2,412,775 | -€75,818 | -3.0% |
| Land and buildings | 22 | €2,487,280 | €2,410,682 | -€76,598 | -3.1% |
| Furniture and vehicles | 24 | €1,313 | €2,092 | +€780 | +59.4% |
| Current assets | 29/58 | €211,622 | €540,699 | +€329,077 | +156% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €1 | €15,067 | +€15,067 | +2,469,970% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1 | €15,067 | +€15,067 | +2,469,970% |
| Current investments | 50/53 | - | €501,594 | +€501,594 | |
| Cash at bank and in hand | 54/58 | €160,913 | €21,852 | -€139,060 | -86.4% |
| Deferred charges and accrued income | 490/1 | €708 | €2,185 | +€1,477 | +209% |
| Total equity and liabilities | 10/49 | €2,700,214 | €2,953,474 | +€253,259 | +9.4% |
| Equity | 10/15 | €2,683,012 | €2,920,604 | +€237,592 | +8.9% |
| Contributions | 10/11 | €173,209 | €173,209 | = | 0.0% |
| Capital | 10 | €173,209 | €173,209 | = | 0.0% |
| Issued capital | 100 | €173,209 | €173,209 | = | 0.0% |
| Revaluation surpluses | 12 | €102,790 | €102,790 | = | 0.0% |
| Reserves | 13 | €2,382,984 | €2,582,984 | +€200,000 | +8.4% |
| Non-distributable reserves | 130/1 | €17,545 | €17,545 | = | 0.0% |
| Legal reserve | 130 | €17,545 | €17,545 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,439 | €95,439 | = | 0.0% |
| Distributable reserves | 133 | €2,270,000 | €2,470,000 | +€200,000 | +8.8% |
| Profit (loss) carried forward | 14 | €24,028 | €61,620 | +€37,592 | +156% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €17,203 | €32,870 | +€15,667 | +91.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,112 | €30,059 | +€14,947 | +98.9% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €0 | -€4,167 | -100% |
| Trade debts | 44 | €6,169 | €12,694 | +€6,525 | +106% |
| Suppliers | 440/4 | €6,169 | €12,694 | +€6,525 | +106% |
| Taxes, remuneration and social security | 45 | €4,776 | €17,365 | +€12,589 | +264% |
| Taxes | 450/3 | €4,776 | €17,365 | +€12,589 | +264% |
| Accrued charges and deferred income | 492/3 | €2,091 | €2,811 | +€720 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,084 | €77,566 | -€59,519 | -43.4% |
| Other operating charges | 640/8 | €55,142 | €56,165 | +€1,023 | +1.9% |
| Gross operating margin | 9900 | €313,271 | €445,383 | +€132,111 | +42.2% |
| Operating profit (loss) | 9901 | €121,045 | €311,652 | +€190,607 | +157% |
| Financial income | 75/76B | €235 | €5,197 | +€4,962 | +2,112% |
| Recurring financial income | 75 | €235 | €5,197 | +€4,962 | +2,112% |
| Financial charges | 65/66B | €983 | €60 | -€923 | -93.9% |
| Recurring financial charges | 65 | €983 | €60 | -€923 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €120,297 | €316,789 | +€196,492 | +163% |
| Transfer from deferred taxes | 780 | €2,231 | €0 | -€2,231 | -100% |
| Income taxes | 67/77 | €34,676 | €79,197 | +€44,522 | +128% |
| Profit (loss) for the period | 9904 | €87,853 | €237,592 | +€149,739 | +170% |
| Transfer from tax-exempt reserves | 789 | €7,412 | €0 | -€7,412 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €95,265 | €237,592 | +€142,327 | +149% |
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 22 October 2026 via checked.be.