ZOUTE 800: what changed
Two fiscal 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.
ZOUTE 800
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-46.1%), from €2.6m to €1.4m
- Receivables within one year +€62,003
up €62,003 (+43.8%), from €141,438 to €203,442
- Other debts -€733,446
down €733,446 (-100.0%), from €733,446 to €0
- Profit (loss) carried forward -€372,462
down €372,462 (-19.2%), from €1.9m to €1.6m
- Short-term financial debts -€42,470
down €42,470 (-100.0%), from €42,470 to €0
- Gross operating margin +€575,578
up €575,578, from -€3,229 to €572,349
- Taxes +€134,485
up €134,485, from €0 to €134,485
- Financial charges -€13,478
down €13,478 (-51.4%), from €26,215 to €12,736
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 | €2,739,978 | €1,597,898 | -€1.1m | -41.7% |
| Current assets | 29/58 | €2,739,978 | €1,597,898 | -€1.1m | -41.7% |
| Stocks and contracts in progress | 3 | €2,574,274 | €1,387,870 | -€1.2m | -46.1% |
| Stocks | 30/36 | €2,574,274 | €1,387,870 | -€1.2m | -46.1% |
| Amounts receivable within one year | 40/41 | €141,438 | €203,442 | +€62,003 | +43.8% |
| Other amounts receivable | 41 | €141,438 | €203,442 | +€62,003 | +43.8% |
| Cash at bank and in hand | 54/58 | €24,265 | €6,587 | -€17,678 | -72.9% |
| Total equity and liabilities | 10/49 | €2,739,978 | €1,597,898 | -€1.1m | -41.7% |
| Equity | 10/15 | €1,957,969 | €1,585,507 | -€372,462 | -19.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,937,969 | €1,565,507 | -€372,462 | -19.2% |
| Amounts payable | 17/49 | €782,009 | €12,391 | -€769,618 | -98.4% |
| Amounts payable within one year | 42/48 | €782,009 | €128 | -€781,881 | -100.0% |
| Financial debts | 43 | €42,470 | €0 | -€42,470 | -100.0% |
| Credit institutions | 430/8 | €42,470 | €0 | -€42,470 | -100.0% |
| Trade debts | 44 | €6,093 | €128 | -€5,965 | -97.9% |
| Suppliers | 440/4 | €6,093 | €128 | -€5,965 | -97.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €733,446 | €0 | -€733,446 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €12,263 | +€12,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€3,229 | €572,349 | +€575,578 | |
| Operating profit (loss) | 9901 | -€4,322 | €571,223 | +€575,545 | |
| Financial income | 75/76B | €6,568 | €3,537 | -€3,031 | -46.2% |
| Recurring financial income | 75 | €6,568 | €3,537 | -€3,031 | -46.2% |
| Financial charges | 65/66B | €26,215 | €12,736 | -€13,478 | -51.4% |
| Recurring financial charges | 65 | €26,215 | €12,736 | -€13,478 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,969 | €562,023 | +€585,992 | |
| Income taxes | 67/77 | €0 | €134,485 | +€134,485 | |
| Profit (loss) for the period | 9904 | -€23,969 | €427,538 | +€451,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,969 | €427,538 | +€451,507 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.