Zuid-West AD: 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-West AD
Largest movements
- Cash +€46,692
up €46,692 (+1,131%), from €4,130 to €50,822
mainly Trade debts (+€43,909) and Tax, wage and social debts (+€5,076)
- Trade debts +€43,909
up €43,909 (+1,668%), from €2,632 to €46,541
- Tax, wage and social debts +€5,076
up €5,076 (+182%), from €2,786 to €7,862
- Profit (loss) carried forward -€2,491
down €2,491 (-8.0%), from -€31,148 to -€33,639
- Gross operating margin -€2,695
down €2,695, from €590 to -€2,105
- Financial charges -€360
no longer reported in 2025 (was €360)
of which Financial charges: -€360
- Staff costs -€321
no longer reported in 2025 (was €321)
- Other operating charges +€206
up €206 (+114%), from €180 to €386
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 | €48,965 | €95,459 | +€46,494 | +95.0% |
| Fixed assets | 21/28 | €30,736 | €30,736 | = | 0.0% |
| Intangible fixed assets | 21 | €1,000 | €1,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €19,211 | €19,211 | = | 0.0% |
| Furniture and vehicles | 24 | €19,211 | €19,211 | = | 0.0% |
| Financial fixed assets | 28 | €10,525 | €10,525 | = | 0.0% |
| Current assets | 29/58 | €18,229 | €64,723 | +€46,494 | +255% |
| Stocks and contracts in progress | 3 | €3,301 | €3,301 | = | 0.0% |
| Stocks | 30/36 | €3,301 | €3,301 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,798 | €10,600 | -€198 | -1.8% |
| Trade receivables | 40 | €3,025 | €3,025 | = | 0.0% |
| Other amounts receivable | 41 | €7,773 | €7,575 | -€198 | -2.5% |
| Cash at bank and in hand | 54/58 | €4,130 | €50,822 | +€46,692 | +1,131% |
| Total equity and liabilities | 10/49 | €48,965 | €95,459 | +€46,494 | +95.0% |
| Equity | 10/15 | €37,886 | €35,395 | -€2,491 | -6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,834 | €62,834 | = | 0.0% |
| Distributable reserves | 133 | €62,834 | €62,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,148 | -€33,639 | -€2,491 | -8.0% |
| Amounts payable | 17/49 | €11,079 | €60,064 | +€48,985 | +442% |
| Amounts payable after more than one year | 17 | €1,733 | €1,733 | = | 0.0% |
| Financial debts | 170/4 | €1,733 | €1,733 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,346 | €58,331 | +€48,985 | +524% |
| Current portion of amounts payable after more than one year | 42 | €3,928 | €3,928 | = | 0.0% |
| Trade debts | 44 | €2,632 | €46,541 | +€43,909 | +1,668% |
| Suppliers | 440/4 | €2,632 | €46,541 | +€43,909 | +1,668% |
| Taxes, remuneration and social security | 45 | €2,786 | €7,862 | +€5,076 | +182% |
| Taxes | 450/3 | €2,786 | €7,862 | +€5,076 | +182% |
| Remuneration, social security and pensions | 62 | €321 | - | -€321 | |
| Other operating charges | 640/8 | €180 | €386 | +€206 | +114% |
| Gross operating margin | 9900 | €590 | -€2,105 | -€2,695 | |
| Operating profit (loss) | 9901 | €89 | -€2,491 | -€2,580 | |
| Financial charges | 65/66B | €360 | - | -€360 | |
| Recurring financial charges | 65 | €360 | - | -€360 | |
| Non-recurring financial charges | 66B | €360 | - | -€360 | |
| Profit (loss) for the period before taxes | 9903 | -€271 | -€2,491 | -€2,220 | -819% |
| Profit (loss) for the period | 9904 | -€271 | -€2,491 | -€2,220 | -819% |
| Profit (loss) for the period to be appropriated | 9905 | -€271 | -€2,491 | -€2,220 | -819% |
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 26 October 2026 via checked.be.