Zoutestrand 19: what changed
Zoutestrand 19
Largest movements
- Intangible fixed assets -€35,000
down €35,000 (-24.4%), from €143,238 to €108,238
- Cash -€28,835
down €28,835 (-65.6%), from €43,967 to €15,132
mainly Debts after one year (-€104,824) and Investment in fixed assets (net) (-€66,431)
- Tangible fixed assets +€19,543
up €19,543 (+21.1%), from €92,771 to €112,314
of which Plant, machinery and equipment: +€14,165
- Receivables within one year +€15,793
up €15,793 (+136%), from €11,582 to €27,375
of which Trade receivables: +€17,961
- Financial fixed assets +€4,600
new in 2025: €4,600
- Debts after one year -€104,824
down €104,824 (-76.9%), from €136,286 to €31,462
of which Other amounts payable: -€102,227
- Other debts +€60,492
up €60,492 (+1,994%), from €3,034 to €63,525
- Trade debts +€53,251
up €53,251 (+347%), from €15,361 to €68,612
- Profit (loss) carried forward -€43,529
down €43,529 (-99.4%), from €43,793 to €264
- Accrued charges and deferred income +€22,286
up €22,286 (+17,687%), from €126 to €22,412
- Staff costs +€87,830
up €87,830 (+51.9%), from €169,107 to €256,937
- Gross operating margin -€4,757
down €4,757 (-1.3%), from €363,948 to €359,191
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 | €293,966 | €269,854 | -€24,111 | -8.2% |
| Fixed assets | 21/28 | €236,009 | €225,152 | -€10,857 | -4.6% |
| Intangible fixed assets | 21 | €143,238 | €108,238 | -€35,000 | -24.4% |
| Tangible fixed assets | 22/27 | €92,771 | €112,314 | +€19,543 | +21.1% |
| Plant, machinery and equipment | 23 | €84,571 | €98,736 | +€14,165 | +16.7% |
| Furniture and vehicles | 24 | €8,200 | €13,578 | +€5,378 | +65.6% |
| Financial fixed assets | 28 | - | €4,600 | +€4,600 | |
| Current assets | 29/58 | €57,957 | €44,703 | -€13,254 | -22.9% |
| Amounts receivable within one year | 40/41 | €11,582 | €27,375 | +€15,793 | +136% |
| Trade receivables | 40 | €9,233 | €27,194 | +€17,961 | +195% |
| Other amounts receivable | 41 | €2,350 | €181 | -€2,168 | -92.3% |
| Cash at bank and in hand | 54/58 | €43,967 | €15,132 | -€28,835 | -65.6% |
| Deferred charges and accrued income | 490/1 | €2,408 | €2,195 | -€213 | -8.8% |
| Total equity and liabilities | 10/49 | €293,966 | €269,854 | -€24,111 | -8.2% |
| Equity | 10/15 | €62,393 | €18,864 | -€43,529 | -69.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,793 | €264 | -€43,529 | -99.4% |
| Amounts payable | 17/49 | €231,573 | €250,990 | +€19,418 | +8.4% |
| Amounts payable after more than one year | 17 | €136,286 | €31,462 | -€104,824 | -76.9% |
| Financial debts | 170/4 | €3,513 | €916 | -€2,597 | -73.9% |
| Other amounts payable | 178/9 | €132,773 | €30,546 | -€102,227 | -77.0% |
| Amounts payable within one year | 42/48 | €95,161 | €197,116 | +€101,956 | +107% |
| Current portion of amounts payable after more than one year | 42 | €13,832 | €8,794 | -€5,037 | -36.4% |
| Trade debts | 44 | €15,361 | €68,612 | +€53,251 | +347% |
| Suppliers | 440/4 | €15,361 | €68,612 | +€53,251 | +347% |
| Advances received on contracts in progress | 46 | €58,406 | €48,315 | -€10,090 | -17.3% |
| Taxes, remuneration and social security | 45 | €4,529 | €7,870 | +€3,340 | +73.7% |
| Taxes | 450/3 | €911 | €1,392 | +€481 | +52.8% |
| Remuneration and social security | 454/9 | €3,618 | €6,478 | +€2,859 | +79.0% |
| Other amounts payable | 47/48 | €3,034 | €63,525 | +€60,492 | +1,994% |
| Accrued charges and deferred income | 492/3 | €126 | €22,412 | +€22,286 | +17,687% |
| Non-recurring operating income | 76A | €6,432 | - | -€6,432 | |
| Remuneration, social security and pensions | 62 | €169,107 | €256,937 | +€87,830 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,059 | €77,289 | -€1,771 | -2.2% |
| Other operating charges | 640/8 | €1,313 | €994 | -€320 | -24.3% |
| Non-recurring operating charges | 66A | €317 | - | -€317 | |
| Gross operating margin | 9900 | €363,948 | €359,191 | -€4,757 | -1.3% |
| Operating profit (loss) | 9901 | €114,151 | €23,972 | -€90,179 | -79.0% |
| Financial income | 75/76B | €139 | €30 | -€109 | -78.6% |
| Recurring financial income | 75 | €139 | €30 | -€109 | -78.6% |
| Financial charges | 65/66B | €6,530 | €7,531 | +€1,001 | +15.3% |
| Recurring financial charges | 65 | €6,530 | €7,531 | +€1,001 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €107,760 | €16,471 | -€91,289 | -84.7% |
| Profit (loss) for the period | 9904 | €107,760 | €16,471 | -€91,289 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,760 | €16,471 | -€91,289 | -84.7% |
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 3 November 2026 via checked.be.