ZONE SUD: 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.
ZONE SUD
Largest movements
- Receivables within one year +€45,429
up €45,429 (+38.4%), from €118,284 to €163,713
- Cash +€33,428
up €33,428 (+352%), from €9,503 to €42,931
mainly Net result for the year (+€50,674) and Depreciation (+€23,226)
- Tangible fixed assets -€23,226
down €23,226 (-5.4%), from €427,192 to €403,966
- Profit (loss) carried forward +€50,674
up €50,674 (+12.5%), from €404,084 to €454,758
- Accrued charges and deferred income +€9,811
up €9,811 (+1,089%), from €901 to €10,712
- Gross operating margin +€3,797
up €3,797 (+4.1%), from €93,243 to €97,039
- Financial income +€1,949
up €1,949 (+104%), from €1,879 to €3,828
- Taxes +€1,249
up €1,249 (+8.0%), from €15,643 to €16,891
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 | €554,978 | €616,903 | +€61,925 | +11.2% |
| Fixed assets | 21/28 | €427,192 | €405,426 | -€21,766 | -5.1% |
| Tangible fixed assets | 22/27 | €427,192 | €403,966 | -€23,226 | -5.4% |
| Land and buildings | 22 | €427,192 | €403,966 | -€23,226 | -5.4% |
| Financial fixed assets | 28 | - | €1,460 | +€1,460 | |
| Current assets | 29/58 | €127,786 | €211,477 | +€83,691 | +65.5% |
| Amounts receivable within one year | 40/41 | €118,284 | €163,713 | +€45,429 | +38.4% |
| Other amounts receivable | 41 | €118,284 | €163,713 | +€45,429 | +38.4% |
| Cash at bank and in hand | 54/58 | €9,503 | €42,931 | +€33,428 | +352% |
| Deferred charges and accrued income | 490/1 | - | €4,834 | +€4,834 | |
| Total equity and liabilities | 10/49 | €554,978 | €616,903 | +€61,925 | +11.2% |
| Equity | 10/15 | €525,084 | €575,758 | +€50,674 | +9.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €404,084 | €454,758 | +€50,674 | +12.5% |
| Amounts payable | 17/49 | €29,894 | €41,145 | +€11,251 | +37.6% |
| Amounts payable after more than one year | 17 | €28,350 | €30,190 | +€1,840 | +6.5% |
| Other amounts payable | 178/9 | €28,350 | €30,190 | +€1,840 | +6.5% |
| Amounts payable within one year | 42/48 | €643 | €243 | -€399 | -62.1% |
| Trade debts | 44 | - | €243 | +€243 | |
| Suppliers | 440/4 | - | €243 | +€243 | |
| Taxes, remuneration and social security | 45 | €643 | - | -€643 | |
| Taxes | 450/3 | €643 | - | -€643 | |
| Accrued charges and deferred income | 492/3 | €901 | €10,712 | +€9,811 | +1,089% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,226 | €23,226 | = | 0.0% |
| Other operating charges | 640/8 | €8,918 | €9,389 | +€471 | +5.3% |
| Gross operating margin | 9900 | €93,243 | €97,039 | +€3,797 | +4.1% |
| Operating profit (loss) | 9901 | €61,099 | €64,425 | +€3,326 | +5.4% |
| Financial income | 75/76B | €1,879 | €3,828 | +€1,949 | +104% |
| Recurring financial income | 75 | €1,879 | €3,828 | +€1,949 | +104% |
| Financial charges | 65/66B | €407 | €687 | +€281 | +69.0% |
| Recurring financial charges | 65 | €407 | €687 | +€281 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €62,571 | €67,565 | +€4,994 | +8.0% |
| Income taxes | 67/77 | €15,643 | €16,891 | +€1,249 | +8.0% |
| Profit (loss) for the period | 9904 | €46,928 | €50,674 | +€3,746 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,928 | €50,674 | +€3,746 | +8.0% |
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 18 October 2026 via checked.be.