Zilteduyn: 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.
Zilteduyn
Largest movements
- Cash +€32,721
up €32,721 (+173%), from €18,860 to €51,581
mainly Net result for the year (+€39,985) and Depreciation (+€8,086)
- Receivables within one year +€14,454
up €14,454 (+47.7%), from €30,333 to €44,787
of which Other amounts receivable: +€16,702
- Tangible fixed assets -€4,400
down €4,400 (-15.5%), from €28,455 to €24,055
of which Furniture and vehicles: -€3,161
- Reserves +€39,985
up €39,985 (+89.1%), from €44,882 to €84,867
- Tax, wage and social debts +€1,404
up €1,404 (+5.6%), from €25,045 to €26,449
of which Taxes: +€2,133
- Gross operating margin +€17,111
up €17,111 (+36.5%), from €46,918 to €64,030
- Taxes +€2,924
up €2,924 (+29.4%), from €9,946 to €12,870
- Other operating charges +€1,538
up €1,538 (+74.3%), from €2,069 to €3,607
- Depreciation +€969
up €969 (+13.6%), from €7,117 to €8,086
- Financial income +€644
up €644 (+2,644%), from €24 to €668
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 | €78,119 | €120,630 | +€42,512 | +54.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €28,455 | €24,055 | -€4,400 | -15.5% |
| Tangible fixed assets | 22/27 | €28,455 | €24,055 | -€4,400 | -15.5% |
| Plant, machinery and equipment | 23 | €887 | €1,490 | +€603 | +68.0% |
| Furniture and vehicles | 24 | €19,105 | €15,944 | -€3,161 | -16.5% |
| Other tangible fixed assets | 26 | €8,463 | €6,621 | -€1,842 | -21.8% |
| Current assets | 29/58 | €49,664 | €96,575 | +€46,911 | +94.5% |
| Amounts receivable within one year | 40/41 | €30,333 | €44,787 | +€14,454 | +47.7% |
| Trade receivables | 40 | €8,351 | €6,103 | -€2,248 | -26.9% |
| Other amounts receivable | 41 | €21,981 | €38,684 | +€16,702 | +76.0% |
| Cash at bank and in hand | 54/58 | €18,860 | €51,581 | +€32,721 | +173% |
| Deferred charges and accrued income | 490/1 | €471 | €207 | -€264 | -56.1% |
| Total equity and liabilities | 10/49 | €78,119 | €120,630 | +€42,512 | +54.4% |
| Equity | 10/15 | €48,882 | €88,867 | +€39,985 | +81.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €44,882 | €84,867 | +€39,985 | +89.1% |
| Distributable reserves | 133 | €44,882 | €84,867 | +€39,985 | +89.1% |
| Amounts payable | 17/49 | €29,237 | €31,763 | +€2,527 | +8.6% |
| Amounts payable within one year | 42/48 | €29,237 | €31,563 | +€2,327 | +8.0% |
| Trade debts | 44 | €4,192 | €5,114 | +€923 | +22.0% |
| Suppliers | 440/4 | €4,192 | €5,114 | +€923 | +22.0% |
| Taxes, remuneration and social security | 45 | €25,045 | €26,449 | +€1,404 | +5.6% |
| Taxes | 450/3 | €22,966 | €25,099 | +€2,133 | +9.3% |
| Remuneration and social security | 454/9 | €2,079 | €1,350 | -€729 | -35.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,117 | €8,086 | +€969 | +13.6% |
| Other operating charges | 640/8 | €2,069 | €3,607 | +€1,538 | +74.3% |
| Gross operating margin | 9900 | €46,918 | €64,030 | +€17,111 | +36.5% |
| Operating profit (loss) | 9901 | €37,732 | €52,337 | +€14,605 | +38.7% |
| Financial income | 75/76B | €24 | €668 | +€644 | +2,644% |
| Recurring financial income | 75 | €24 | €668 | +€644 | +2,644% |
| Financial charges | 65/66B | €81 | €150 | +€69 | +86.1% |
| Recurring financial charges | 65 | €81 | €150 | +€69 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €37,676 | €52,855 | +€15,179 | +40.3% |
| Income taxes | 67/77 | €9,946 | €12,870 | +€2,924 | +29.4% |
| Profit (loss) for the period | 9904 | €27,729 | €39,985 | +€12,255 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,729 | €39,985 | +€12,255 | +44.2% |
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 13 October 2026 via checked.be.