ZONNEWINDT: 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.
ZONNEWINDT
Largest movements
- Receivables within one year +€102,164
up €102,164 (+78.2%), from €130,655 to €232,819
of which Trade receivables: +€53,200
- Tangible fixed assets -€38,123
down €38,123 (-6.7%), from €569,532 to €531,409
of which Land and buildings: -€30,408
- Cash -€11,807
down €11,807 (-20.0%), from €59,139 to €47,332
mainly Other debts (-€111,536) and Receivables within one year (-€102,164)
- Other debts -€111,536
down €111,536 (-50.9%), from €219,109 to €107,573
- Reserves +€41,150
up €41,150 (+19.8%), from €207,602 to €248,753
of which Distributable reserves: +€41,150
- Debts after one year +€39,584
up €39,584 (+24.7%), from €160,416 to €200,000
- Provisions +€27,200
new in 2025: €27,200
- Trade debts +€26,218
up €26,218 (+20.4%), from €128,214 to €154,432
- Provisions +€27,200
new in 2025: €27,200
- Gross operating margin +€15,911
up €15,911 (+8.0%), from €199,918 to €215,829
- Financial charges +€4,061
up €4,061 (+37.5%), from €10,828 to €14,889
- Staff costs +€2,362
up €2,362 (+5.6%), from €42,245 to €44,607
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 | €759,327 | €811,560 | +€52,233 | +6.9% |
| Fixed assets | 21/28 | €569,532 | €531,409 | -€38,123 | -6.7% |
| Tangible fixed assets | 22/27 | €569,532 | €531,409 | -€38,123 | -6.7% |
| Land and buildings | 22 | €550,679 | €520,271 | -€30,408 | -5.5% |
| Plant, machinery and equipment | 23 | €18,853 | €11,138 | -€7,715 | -40.9% |
| Current assets | 29/58 | €189,795 | €280,151 | +€90,356 | +47.6% |
| Amounts receivable within one year | 40/41 | €130,655 | €232,819 | +€102,164 | +78.2% |
| Trade receivables | 40 | €114,510 | €167,710 | +€53,200 | +46.5% |
| Other amounts receivable | 41 | €16,146 | €65,109 | +€48,963 | +303% |
| Cash at bank and in hand | 54/58 | €59,139 | €47,332 | -€11,807 | -20.0% |
| Total equity and liabilities | 10/49 | €759,327 | €811,560 | +€52,233 | +6.9% |
| Equity | 10/15 | €227,602 | €268,753 | +€41,150 | +18.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €207,602 | €248,753 | +€41,150 | +19.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €207,602 | €248,753 | +€41,150 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €27,200 | +€27,200 | |
| Provisions for liabilities and charges | 160/5 | - | €27,200 | +€27,200 | |
| Other liabilities and charges | 164/5 | - | €27,200 | +€27,200 | |
| Amounts payable | 17/49 | €531,724 | €515,607 | -€16,117 | -3.0% |
| Amounts payable after more than one year | 17 | €160,416 | €200,000 | +€39,584 | +24.7% |
| Financial debts | 170/4 | €160,416 | €200,000 | +€39,584 | +24.7% |
| Amounts payable within one year | 42/48 | €371,308 | €301,447 | -€69,861 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €7,083 | €0 | -€7,083 | -100% |
| Trade debts | 44 | €128,214 | €154,432 | +€26,218 | +20.4% |
| Suppliers | 440/4 | €128,214 | €154,432 | +€26,218 | +20.4% |
| Taxes, remuneration and social security | 45 | €16,902 | €39,442 | +€22,540 | +133% |
| Taxes | 450/3 | €10,403 | €26,909 | +€16,506 | +159% |
| Remuneration and social security | 454/9 | €6,498 | €12,533 | +€6,034 | +92.9% |
| Other amounts payable | 47/48 | €219,109 | €107,573 | -€111,536 | -50.9% |
| Accrued charges and deferred income | 492/3 | €0 | €14,160 | +€14,160 | |
| Remuneration, social security and pensions | 62 | €42,245 | €44,607 | +€2,362 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,124 | €38,123 | -€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,200 | +€27,200 | |
| Other operating charges | 640/8 | €22,348 | €23,969 | +€1,621 | +7.3% |
| Gross operating margin | 9900 | €199,918 | €215,829 | +€15,911 | +8.0% |
| Operating profit (loss) | 9901 | €97,201 | €81,930 | -€15,272 | -15.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €10,828 | €14,889 | +€4,061 | +37.5% |
| Recurring financial charges | 65 | €10,828 | €14,889 | +€4,061 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €86,375 | €67,040 | -€19,335 | -22.4% |
| Income taxes | 67/77 | €23,868 | €22,315 | -€1,553 | -6.5% |
| Profit (loss) for the period | 9904 | €62,507 | €44,725 | -€17,782 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,507 | €44,725 | -€17,782 | -28.4% |
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 17 October 2026 via checked.be.