ZUID: 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.
ZUID
Largest movements
- Tangible fixed assets -€21,667
down €21,667 (-2.7%), from €801,842 to €780,176
- Receivables within one year -€16,771
down €16,771 (-17.2%), from €97,521 to €80,750
- Debts after one year -€53,767
down €53,767 (-9.1%), from €590,475 to €536,708
- Reserves +€9,502
up €9,502 (+27.3%), from €34,817 to €44,319
- Financial charges +€13,714
up €13,714 (+77.9%), from €17,604 to €31,318
- Taxes -€3,865
down €3,865 (-46.6%), from €8,300 to €4,434
- Gross operating margin +€2,537
up €2,537 (+3.6%), from €71,067 to €73,604
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.
Derived cash bridge
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 | €899,393 | €861,043 | -€38,350 | -4.3% |
| Fixed assets | 21/28 | €801,842 | €780,176 | -€21,667 | -2.7% |
| Tangible fixed assets | 22/27 | €801,842 | €780,176 | -€21,667 | -2.7% |
| Land and buildings | 22 | €801,842 | €780,176 | -€21,667 | -2.7% |
| Current assets | 29/58 | €97,551 | €80,868 | -€16,683 | -17.1% |
| Amounts receivable within one year | 40/41 | €97,521 | €80,750 | -€16,771 | -17.2% |
| Other amounts receivable | 41 | €97,521 | €80,750 | -€16,771 | -17.2% |
| Cash at bank and in hand | 54/58 | €31 | €118 | +€87 | +285% |
| Total equity and liabilities | 10/49 | €899,393 | €861,043 | -€38,350 | -4.3% |
| Equity | 10/15 | €149,817 | €159,319 | +€9,502 | +6.3% |
| Contributions | 10/11 | €115,000 | €115,000 | = | 0.0% |
| Reserves | 13 | €34,817 | €44,319 | +€9,502 | +27.3% |
| Distributable reserves | 133 | €34,817 | €44,319 | +€9,502 | +27.3% |
| Amounts payable | 17/49 | €749,577 | €701,724 | -€47,852 | -6.4% |
| Amounts payable after more than one year | 17 | €590,475 | €536,708 | -€53,767 | -9.1% |
| Financial debts | 170/4 | €590,475 | €536,708 | -€53,767 | -9.1% |
| Amounts payable within one year | 42/48 | €157,061 | €163,139 | +€6,078 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €55,999 | €58,157 | +€2,158 | +3.9% |
| Trade debts | 44 | €348 | €120 | -€228 | -65.6% |
| Suppliers | 440/4 | €348 | €120 | -€228 | -65.6% |
| Taxes, remuneration and social security | 45 | €3,213 | €2,208 | -€1,005 | -31.3% |
| Taxes | 450/3 | €3,213 | €2,208 | -€1,005 | -31.3% |
| Other amounts payable | 47/48 | €97,501 | €102,654 | +€5,153 | +5.3% |
| Accrued charges and deferred income | 492/3 | €2,040 | €1,877 | -€163 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,667 | €21,667 | = | 0.0% |
| Other operating charges | 640/8 | €7,937 | €8,447 | +€509 | +6.4% |
| Gross operating margin | 9900 | €71,067 | €73,604 | +€2,537 | +3.6% |
| Operating profit (loss) | 9901 | €41,463 | €43,491 | +€2,028 | +4.9% |
| Financial income | 75/76B | €2,109 | €1,764 | -€345 | -16.4% |
| Recurring financial income | 75 | €2,109 | €1,764 | -€345 | -16.4% |
| Financial charges | 65/66B | €17,604 | €31,318 | +€13,714 | +77.9% |
| Recurring financial charges | 65 | €17,604 | €31,318 | +€13,714 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €25,968 | €13,937 | -€12,031 | -46.3% |
| Income taxes | 67/77 | €8,300 | €4,434 | -€3,865 | -46.6% |
| Profit (loss) for the period | 9904 | €17,668 | €9,502 | -€8,166 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,668 | €9,502 | -€8,166 | -46.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.