ZONNEDAUWBOS: what changed
ZONNEDAUWBOS
Largest movements
- Cash +€31,468
up €31,468 (+266%), from €11,845 to €43,313
mainly Net result for the year (+€148,102) and Other debts (+€17,219)
- Receivables within one year +€22,732
up €22,732 (+47.7%), from €47,649 to €70,381
of which Trade receivables: +€22,732
- Reserves +€148,102
up €148,102 (+27.2%), from €545,213 to €693,314
- Debts after one year -€83,814
down €83,814 (-15.5%), from €540,500 to €456,686
- Current portion of long-term debt -€20,273
down €20,273 (-100%), from €20,273 to €0
- Other debts +€17,219
up €17,219 (+141%), from €12,252 to €29,472
- Financial income -€68,992
down €68,992 (-44.6%), from €154,861 to €85,870
- Gross operating margin +€46,421
up €46,421 (+38.6%), from €120,289 to €166,710
- Staff costs +€30,740
up €30,740 (+232%), from €13,224 to €43,964
- Taxes +€6,346
up €6,346 (+21.7%), from €29,199 to €35,545
- Financial charges +€3,864
up €3,864 (+21.7%), from €17,772 to €21,636
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,232,276 | €1,286,003 | +€53,727 | +4.4% |
| Fixed assets | 21/28 | €1,171,433 | €1,170,674 | -€759 | -0.1% |
| Tangible fixed assets | 22/27 | €5,935 | €5,176 | -€759 | -12.8% |
| Other tangible fixed assets | 26 | €5,935 | €5,176 | -€759 | -12.8% |
| Financial fixed assets | 28 | €1,165,498 | €1,165,498 | = | 0.0% |
| Current assets | 29/58 | €60,843 | €115,329 | +€54,486 | +89.6% |
| Amounts receivable within one year | 40/41 | €47,649 | €70,381 | +€22,732 | +47.7% |
| Trade receivables | 40 | €47,649 | €70,381 | +€22,732 | +47.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,845 | €43,313 | +€31,468 | +266% |
| Deferred charges and accrued income | 490/1 | €1,350 | €1,635 | +€285 | +21.1% |
| Total equity and liabilities | 10/49 | €1,232,276 | €1,286,003 | +€53,727 | +4.4% |
| Equity | 10/15 | €564,208 | €712,309 | +€148,102 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €545,213 | €693,314 | +€148,102 | +27.2% |
| Distributable reserves | 133 | €545,213 | €693,314 | +€148,102 | +27.2% |
| Profit (loss) carried forward | 14 | €395 | €395 | = | 0.0% |
| Amounts payable | 17/49 | €668,068 | €573,694 | -€94,375 | -14.1% |
| Amounts payable after more than one year | 17 | €540,500 | €456,686 | -€83,814 | -15.5% |
| Financial debts | 170/4 | €540,500 | €456,686 | -€83,814 | -15.5% |
| Amounts payable within one year | 42/48 | €118,558 | €108,917 | -€9,641 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €20,273 | €0 | -€20,273 | -100% |
| Trade debts | 44 | €10,274 | €7,517 | -€2,757 | -26.8% |
| Suppliers | 440/4 | €10,274 | €7,517 | -€2,757 | -26.8% |
| Taxes, remuneration and social security | 45 | €75,759 | €71,929 | -€3,830 | -5.1% |
| Taxes | 450/3 | €73,821 | €64,432 | -€9,389 | -12.7% |
| Remuneration and social security | 454/9 | €1,939 | €7,497 | +€5,558 | +287% |
| Other amounts payable | 47/48 | €12,252 | €29,472 | +€17,219 | +141% |
| Accrued charges and deferred income | 492/3 | €9,010 | €8,090 | -€920 | -10.2% |
| Remuneration, social security and pensions | 62 | €13,224 | €43,964 | +€30,740 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €759 | €759 | = | 0.0% |
| Other operating charges | 640/8 | €1,983 | €2,574 | +€591 | +29.8% |
| Gross operating margin | 9900 | €120,289 | €166,710 | +€46,421 | +38.6% |
| Operating profit (loss) | 9901 | €104,323 | €119,413 | +€15,090 | +14.5% |
| Financial income | 75/76B | €154,861 | €85,870 | -€68,992 | -44.6% |
| Recurring financial income | 75 | €154,861 | €85,870 | -€68,992 | -44.6% |
| Financial charges | 65/66B | €17,772 | €21,636 | +€3,864 | +21.7% |
| Recurring financial charges | 65 | €17,772 | €21,636 | +€3,864 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €241,412 | €183,647 | -€57,765 | -23.9% |
| Income taxes | 67/77 | €29,199 | €35,545 | +€6,346 | +21.7% |
| Profit (loss) for the period | 9904 | €212,213 | €148,102 | -€64,111 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €212,213 | €148,102 | -€64,111 | -30.2% |
Next steps
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 4 November 2026 via checked.be.