ZOUTEPALACE: 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.
ZOUTEPALACE
Largest movements
- Tangible fixed assets -€15,902
down €15,902 (-32.5%), from €48,925 to €33,024
of which Plant, machinery and equipment: -€9,040
- Cash -€3,162
down €3,162 (-32.2%), from €9,833 to €6,670
mainly Debts after one year (-€10,061) and Other debts (-€6,829)
- Receivables within one year -€693
down €693 (-70.8%), from €979 to €286
of which Trade receivables: -€758
- Debts after one year -€10,061
down €10,061 (-49.0%), from €20,526 to €10,465
- Other debts -€6,829
down €6,829 (-10.2%), from €67,266 to €60,438
- Current portion of long-term debt -€3,221
down €3,221 (-24.2%), from €13,282 to €10,061
- Profit (loss) carried forward +€2,008
up €2,008 (+4.3%), from -€46,221 to -€44,212
- Trade debts -€1,715
down €1,715 (-54.7%), from €3,134 to €1,419
- Gross operating margin -€20,296
down €20,296 (-42.8%), from €47,448 to €27,151
- Other operating charges +€1,592
up €1,592 (+30.0%), from €5,313 to €6,905
- Depreciation -€1,294
down €1,294 (-7.5%), from €17,196 to €15,902
- Financial charges +€618
up €618 (+38.6%), from €1,600 to €2,218
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 | €68,916 | €49,169 | -€19,747 | -28.7% |
| Fixed assets | 21/28 | €49,425 | €33,524 | -€15,902 | -32.2% |
| Tangible fixed assets | 22/27 | €48,925 | €33,024 | -€15,902 | -32.5% |
| Plant, machinery and equipment | 23 | €15,318 | €6,278 | -€9,040 | -59.0% |
| Furniture and vehicles | 24 | €29,624 | €23,584 | -€6,040 | -20.4% |
| Other tangible fixed assets | 26 | €3,984 | €3,162 | -€822 | -20.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €19,491 | €15,645 | -€3,846 | -19.7% |
| Stocks and contracts in progress | 3 | €7,059 | €6,991 | -€68 | -1.0% |
| Stocks | 30/36 | €7,059 | €6,991 | -€68 | -1.0% |
| Amounts receivable within one year | 40/41 | €979 | €286 | -€693 | -70.8% |
| Trade receivables | 40 | €758 | - | -€758 | |
| Other amounts receivable | 41 | €221 | €286 | +€65 | +29.5% |
| Cash at bank and in hand | 54/58 | €9,833 | €6,670 | -€3,162 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,620 | €1,697 | +€77 | +4.8% |
| Total equity and liabilities | 10/49 | €68,916 | €49,169 | -€19,747 | -28.7% |
| Equity | 10/15 | -€40,021 | -€38,012 | +€2,008 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,221 | -€44,212 | +€2,008 | +4.3% |
| Amounts payable | 17/49 | €108,937 | €87,181 | -€21,756 | -20.0% |
| Amounts payable after more than one year | 17 | €20,526 | €10,465 | -€10,061 | -49.0% |
| Financial debts | 170/4 | €20,526 | €10,465 | -€10,061 | -49.0% |
| Amounts payable within one year | 42/48 | €88,411 | €76,717 | -€11,694 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €13,282 | €10,061 | -€3,221 | -24.2% |
| Financial debts | 43 | €147 | €147 | = | 0.0% |
| Credit institutions | 430/8 | €147 | €147 | = | 0.0% |
| Trade debts | 44 | €3,134 | €1,419 | -€1,715 | -54.7% |
| Suppliers | 440/4 | €3,134 | €1,419 | -€1,715 | -54.7% |
| Taxes, remuneration and social security | 45 | €4,582 | €4,652 | +€70 | +1.5% |
| Taxes | 450/3 | €4,582 | €4,652 | +€70 | +1.5% |
| Other amounts payable | 47/48 | €67,266 | €60,438 | -€6,829 | -10.2% |
| Non-recurring operating income | 76A | - | €4,250 | +€4,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,196 | €15,902 | -€1,294 | -7.5% |
| Other operating charges | 640/8 | €5,313 | €6,905 | +€1,592 | +30.0% |
| Gross operating margin | 9900 | €47,448 | €27,151 | -€20,296 | -42.8% |
| Operating profit (loss) | 9901 | €24,939 | €4,344 | -€20,594 | -82.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,600 | €2,218 | +€618 | +38.6% |
| Recurring financial charges | 65 | €1,600 | €2,218 | +€618 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €23,339 | €2,127 | -€21,212 | -90.9% |
| Income taxes | 67/77 | €12 | €118 | +€107 | +914.7% |
| Profit (loss) for the period | 9904 | €23,327 | €2,008 | -€21,319 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,327 | €2,008 | -€21,319 | -91.4% |
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 12 October 2026 via checked.be.