ZOUTEWIND: 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.
ZOUTEWIND
Largest movements
- Tangible fixed assets -€2.9m
down €2.9m (-96.8%), from €3.0m to €94,649
of which Land and buildings: -€2.8m
- Receivables within one year -€83,275
down €83,275 (-97.2%), from €85,713 to €2,438
of which Trade receivables: -€56,852
- Profit (loss) carried forward -€3.8m
down €3.8m (-114.3%), from -€3.3m to -€7.1m
- Debts after one year -€2.8m
down €2.8m (-100.0%), from €2.8m to €70
- Reserves +€2.8m
new in 2025: €2.8m
- Provisions +€929,205
new in 2025: €929,205
- Gross operating margin +€3.5m
up €3.5m (+22255.0%), from €15,681 to €3.5m
- Financial charges +€3.4m
up €3.4m (+1721.5%), from €198,774 to €3.6m
of which Non-recurring financial charges: +€3.5m
- Depreciation -€221,321
down €221,321 (-77.6%), from €285,290 to €63,969
- Financial income +€107,840
new in 2025: €107,840
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 | €3,072,318 | €121,478 | -€3.0m | -96.0% |
| Fixed assets | 21/28 | €2,976,955 | €95,839 | -€2.9m | -96.8% |
| Tangible fixed assets | 22/27 | €2,975,765 | €94,649 | -€2.9m | -96.8% |
| Land and buildings | 22 | €2,798,283 | - | -€2.8m | |
| Plant, machinery and equipment | 23 | €19,056 | €0 | -€19,056 | -100.0% |
| Furniture and vehicles | 24 | €158,426 | €94,649 | -€63,777 | -40.3% |
| Financial fixed assets | 28 | €1,190 | €1,190 | = | 0.0% |
| Current assets | 29/58 | €95,363 | €25,639 | -€69,724 | -73.1% |
| Amounts receivable within one year | 40/41 | €85,713 | €2,438 | -€83,275 | -97.2% |
| Trade receivables | 40 | €59,290 | €2,438 | -€56,852 | -95.9% |
| Other amounts receivable | 41 | €26,423 | €0 | -€26,423 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,862 | €2,131 | -€4,730 | -68.9% |
| Deferred charges and accrued income | 490/1 | €2,789 | €21,070 | +€18,281 | +655.6% |
| Total equity and liabilities | 10/49 | €3,072,318 | €121,478 | -€3.0m | -96.0% |
| Equity | 10/15 | €170,246 | -€849,563 | -€1.0m | |
| Contributions | 10/11 | €3,500,000 | €3,500,000 | = | 0.0% |
| Capital | 10 | €3,500,000 | €3,500,000 | = | 0.0% |
| Issued capital | 100 | €3,500,000 | €3,500,000 | = | 0.0% |
| Reserves | 13 | - | €2,787,615 | +€2.8m | |
| Tax-exempt reserves | 132 | - | €2,787,615 | +€2.8m | |
| Profit (loss) carried forward | 14 | -€3,329,754 | -€7,137,178 | -€3.8m | -114.3% |
| Provisions and deferred taxes | 16 | - | €929,205 | +€929,205 | |
| Deferred taxes | 168 | - | €929,205 | +€929,205 | |
| Amounts payable | 17/49 | €2,902,072 | €41,836 | -€2.9m | -98.6% |
| Amounts payable after more than one year | 17 | €2,837,527 | €70 | -€2.8m | -100.0% |
| Other amounts payable | 178/9 | €2,837,527 | €70 | -€2.8m | -100.0% |
| Amounts payable within one year | 42/48 | €63,520 | €41,641 | -€21,879 | -34.4% |
| Trade debts | 44 | €62,085 | €35,351 | -€26,735 | -43.1% |
| Suppliers | 440/4 | €62,085 | €35,351 | -€26,735 | -43.1% |
| Taxes, remuneration and social security | 45 | €1,435 | €6,291 | +€4,856 | +338.5% |
| Taxes | 450/3 | €1,435 | €6,291 | +€4,856 | +338.5% |
| Accrued charges and deferred income | 492/3 | €1,025 | €125 | -€900 | -87.8% |
| Non-recurring operating income | 76A | - | €3,619,338 | +€3.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,290 | €63,969 | -€221,321 | -77.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,705 | +€12,705 | |
| Other operating charges | 640/8 | €6,362 | €6,578 | +€216 | +3.4% |
| Gross operating margin | 9900 | €15,681 | €3,505,531 | +€3.5m | +22255.0% |
| Operating profit (loss) | 9901 | -€275,971 | €3,422,279 | +€3.7m | |
| Financial income | 75/76B | - | €107,840 | +€107,840 | |
| Recurring financial income | 75 | - | €107,840 | +€107,840 | |
| Financial charges | 65/66B | €198,774 | €3,620,723 | +€3.4m | +1721.5% |
| Recurring financial charges | 65 | €198,774 | €80,878 | -€117,896 | -59.3% |
| Non-recurring financial charges | 66B | - | €3,539,845 | +€3.5m | |
| Profit (loss) for the period before taxes | 9903 | -€474,744 | -€90,604 | +€384,140 | +80.9% |
| Transfer to deferred taxes | 680 | - | €929,205 | +€929,205 | |
| Profit (loss) for the period | 9904 | -€474,744 | -€1,019,809 | -€545,065 | -114.8% |
| Transfer to tax-exempt reserves | 689 | - | €2,787,615 | +€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€474,744 | -€3,807,424 | -€3.3m | -702.0% |
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.