ZONNEBLOEM: 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.
ZONNEBLOEM
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+67.2%), from €2.1m to €3.6m
of which Other tangible fixed assets: +€1.4m
- Stocks and contracts +€931,900
up €931,900 (+130.1%), from €716,200 to €1.6m
- Cash +€663,746
up €663,746 (+228.9%), from €289,927 to €953,673
mainly Other debts (+€2.9m) and Receivables within one year (+€171,871)
- Receivables within one year -€171,871
down €171,871 (-85.3%), from €201,400 to €29,529
of which Trade receivables: -€195,213
- Other debts +€2.9m
up €2.9m (+253.6%), from €1.2m to €4.1m
- Advances received -€151,250
no longer reported in 2025 (was €151,250)
- Profit (loss) carried forward +€67,085
up €67,085 (+9.7%), from -€693,047 to -€625,962
- Gross operating margin +€700,484
up €700,484, from -€289,138 to €411,346
- Financial charges -€89,892
down €89,892 (-52.2%), from €172,202 to €82,310
- Staff costs +€13,963
up €13,963 (+21.3%), from €65,499 to €79,461
- Other operating charges +€11,791
up €11,791 (+150.1%), from €7,857 to €19,648
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 | €3,352,048 | €6,196,290 | +€2.8m | +84.9% |
| Fixed assets | 21/28 | €2,131,480 | €3,564,988 | +€1.4m | +67.3% |
| Tangible fixed assets | 22/27 | €2,127,205 | €3,555,913 | +€1.4m | +67.2% |
| Land and buildings | 22 | €2,111,508 | €2,051,099 | -€60,409 | -2.9% |
| Furniture and vehicles | 24 | €15,697 | €110,828 | +€95,130 | +606.0% |
| Other tangible fixed assets | 26 | - | €1,393,986 | +€1.4m | |
| Financial fixed assets | 28 | €4,275 | €9,075 | +€4,800 | +112.3% |
| Current assets | 29/58 | €1,220,568 | €2,631,302 | +€1.4m | +115.6% |
| Stocks and contracts in progress | 3 | €716,200 | €1,648,100 | +€931,900 | +130.1% |
| Stocks | 30/36 | €716,200 | €1,648,100 | +€931,900 | +130.1% |
| Amounts receivable within one year | 40/41 | €201,400 | €29,529 | -€171,871 | -85.3% |
| Trade receivables | 40 | €195,213 | - | -€195,213 | |
| Other amounts receivable | 41 | €6,186 | €29,529 | +€23,343 | +377.3% |
| Cash at bank and in hand | 54/58 | €289,927 | €953,673 | +€663,746 | +228.9% |
| Deferred charges and accrued income | 490/1 | €13,041 | - | -€13,041 | |
| Total equity and liabilities | 10/49 | €3,352,048 | €6,196,290 | +€2.8m | +84.9% |
| Equity | 10/15 | -€393,047 | -€325,962 | +€67,085 | +17.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€693,047 | -€625,962 | +€67,085 | +9.7% |
| Amounts payable | 17/49 | €3,745,095 | €6,522,252 | +€2.8m | +74.2% |
| Amounts payable after more than one year | 17 | €2,314,521 | €2,272,995 | -€41,526 | -1.8% |
| Financial debts | 170/4 | €2,314,521 | €2,272,995 | -€41,526 | -1.8% |
| Amounts payable within one year | 42/48 | €1,405,627 | €4,203,344 | +€2.8m | +199.0% |
| Financial debts | 43 | €39,806 | €41,526 | +€1,720 | +4.3% |
| Credit institutions | 430/8 | €39,806 | €41,526 | +€1,720 | +4.3% |
| Trade debts | 44 | €44,448 | €51,223 | +€6,775 | +15.2% |
| Suppliers | 440/4 | €44,448 | €51,223 | +€6,775 | +15.2% |
| Advances received on contracts in progress | 46 | €151,250 | - | -€151,250 | |
| Taxes, remuneration and social security | 45 | €10,399 | €10,126 | -€273 | -2.6% |
| Taxes | 450/3 | €1,013 | €1,886 | +€873 | +86.2% |
| Remuneration and social security | 454/9 | €9,386 | €8,240 | -€1,146 | -12.2% |
| Other amounts payable | 47/48 | €1,159,724 | €4,100,469 | +€2.9m | +253.6% |
| Accrued charges and deferred income | 492/3 | €24,948 | €45,912 | +€20,965 | +84.0% |
| Remuneration, social security and pensions | 62 | €65,499 | €79,461 | +€13,963 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,408 | €160,956 | +€3,548 | +2.3% |
| Other operating charges | 640/8 | €7,857 | €19,648 | +€11,791 | +150.1% |
| Non-recurring operating charges | 66A | €771 | - | -€771 | |
| Gross operating margin | 9900 | -€289,138 | €411,346 | +€700,484 | |
| Operating profit (loss) | 9901 | -€520,673 | €151,281 | +€671,954 | |
| Financial charges | 65/66B | €172,202 | €82,310 | -€89,892 | -52.2% |
| Recurring financial charges | 65 | €172,202 | €82,310 | -€89,892 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€692,875 | €68,971 | +€761,846 | |
| Income taxes | 67/77 | €172 | €1,886 | +€1,714 | +997.2% |
| Profit (loss) for the period | 9904 | -€693,047 | €67,085 | +€760,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€693,047 | €67,085 | +€760,132 |
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.