Zouterover: 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.
Zouterover
Largest movements
- Receivables within one year +€78,288
up €78,288 (+115.4%), from €67,821 to €146,109
of which Trade receivables: +€66,518
- Tangible fixed assets -€16,607
down €16,607 (-21.6%), from €76,877 to €60,270
of which Furniture and vehicles: -€9,402
- Cash -€6,723
down €6,723 (-74.4%), from €9,036 to €2,313
mainly Receivables within one year (-€78,288) and Investment in fixed assets (net) (-€10,079)
- Stocks and contracts -€5,409
down €5,409 (-30.6%), from €17,659 to €12,250
- Deferred charges and accrued income +€3,732
up €3,732 (+316.5%), from €1,179 to €4,911
- Profit (loss) carried forward +€18,368
up €18,368 (+81.6%), from €22,513 to €40,881
- Advances received +€16,900
new in 2025: €16,900
- Short-term financial debts +€14,848
up €14,848 (+42.7%), from €34,800 to €49,648
- Tax, wage and social debts +€8,611
up €8,611 (+33.5%), from €25,731 to €34,342
of which Remuneration and social security: +€5,375
- Current portion of long-term debt -€5,894
down €5,894 (-47.1%), from €12,510 to €6,616
- Gross operating margin +€163,647
up €163,647 (+198.6%), from €82,396 to €246,044
- Staff costs +€97,869
up €97,869 (+106.4%), from €91,986 to €189,855
- Other operating charges +€3,552
up €3,552 (+282.9%), from €1,256 to €4,808
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 | €172,572 | €227,353 | +€54,781 | +31.7% |
| Fixed assets | 21/28 | €76,877 | €61,770 | -€15,107 | -19.7% |
| Tangible fixed assets | 22/27 | €76,877 | €60,270 | -€16,607 | -21.6% |
| Plant, machinery and equipment | 23 | €21,582 | €18,628 | -€2,954 | -13.7% |
| Furniture and vehicles | 24 | €13,662 | €4,260 | -€9,402 | -68.8% |
| Other tangible fixed assets | 26 | €41,633 | €37,382 | -€4,251 | -10.2% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €95,694 | €165,583 | +€69,888 | +73.0% |
| Stocks and contracts in progress | 3 | €17,659 | €12,250 | -€5,409 | -30.6% |
| Stocks | 30/36 | €17,659 | €12,250 | -€5,409 | -30.6% |
| Amounts receivable within one year | 40/41 | €67,821 | €146,109 | +€78,288 | +115.4% |
| Trade receivables | 40 | €49,063 | €115,581 | +€66,518 | +135.6% |
| Other amounts receivable | 41 | €18,757 | €30,527 | +€11,770 | +62.7% |
| Cash at bank and in hand | 54/58 | €9,036 | €2,313 | -€6,723 | -74.4% |
| Deferred charges and accrued income | 490/1 | €1,179 | €4,911 | +€3,732 | +316.5% |
| Total equity and liabilities | 10/49 | €172,572 | €227,353 | +€54,781 | +31.7% |
| Equity | 10/15 | €41,113 | €59,481 | +€18,368 | +44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,513 | €40,881 | +€18,368 | +81.6% |
| Amounts payable | 17/49 | €131,459 | €167,871 | +€36,413 | +27.7% |
| Amounts payable after more than one year | 17 | €11,830 | €6,878 | -€4,952 | -41.9% |
| Financial debts | 170/4 | €11,830 | €6,878 | -€4,952 | -41.9% |
| Amounts payable within one year | 42/48 | €119,367 | €157,331 | +€37,964 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €12,510 | €6,616 | -€5,894 | -47.1% |
| Financial debts | 43 | €34,800 | €49,648 | +€14,848 | +42.7% |
| Credit institutions | 430/8 | €34,800 | €49,648 | +€14,848 | +42.7% |
| Trade debts | 44 | €46,326 | €49,825 | +€3,499 | +7.6% |
| Suppliers | 440/4 | €46,326 | €49,825 | +€3,499 | +7.6% |
| Advances received on contracts in progress | 46 | - | €16,900 | +€16,900 | |
| Taxes, remuneration and social security | 45 | €25,731 | €34,342 | +€8,611 | +33.5% |
| Taxes | 450/3 | €18,190 | €21,426 | +€3,236 | +17.8% |
| Remuneration and social security | 454/9 | €7,540 | €12,916 | +€5,375 | +71.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €262 | €3,662 | +€3,400 | +1297.0% |
| Remuneration, social security and pensions | 62 | €91,986 | €189,855 | +€97,869 | +106.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,679 | €25,186 | +€1,507 | +6.4% |
| Other operating charges | 640/8 | €1,256 | €4,808 | +€3,552 | +282.9% |
| Non-recurring operating charges | 66A | €2,492 | €0 | -€2,492 | -100.0% |
| Gross operating margin | 9900 | €82,396 | €246,044 | +€163,647 | +198.6% |
| Operating profit (loss) | 9901 | -€37,016 | €26,195 | +€63,211 | |
| Financial income | 75/76B | €0 | €746 | +€746 | |
| Recurring financial income | 75 | €0 | €746 | +€746 | |
| Financial charges | 65/66B | €8,614 | €8,573 | -€42 | -0.5% |
| Recurring financial charges | 65 | €8,614 | €8,573 | -€42 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,630 | €18,368 | +€63,999 | |
| Income taxes | 67/77 | -€49 | €0 | +€49 | |
| Profit (loss) for the period | 9904 | -€45,581 | €18,368 | +€63,949 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,581 | €18,368 | +€63,949 |
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 10 October 2026 via checked.be.