Zuid55: what changed
Two fiscal 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.
Zuid55
Largest movements
- Current assets +€2.9m
up €2.9m (+1610.7%), from €181,285 to €3.1m
- Financial fixed assets +€98,940
up €98,940 (+3233.3%), from €3,060 to €102,000
- Tangible fixed assets -€36,121
down €36,121 (-14.9%), from €241,859 to €205,738
- Profit (loss) carried forward +€2.4m
up €2.4m, from -€481,361 to €1.9m
- Reserves +€623,676
new in 2023: €623,676
of which Tax-exempt reserves: +€568,350
- Gross operating margin +€1.1m
up €1.1m (+1221.7%), from €87,716 to €1.2m
- Staff costs +€611,082
new in 2023: €611,082
- Taxes +€110,000
new in 2023: €110,000
- Financial charges +€46,383
new in 2023: €46,383
- Depreciation +€39,854
new in 2023: €39,854
From the 2020 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,204 | €3,408,944 | +€3.0m | +699.8% |
| Fixed assets | 21/28 | €244,919 | €307,738 | +€62,819 | +25.6% |
| Tangible fixed assets | 22/27 | €241,859 | €205,738 | -€36,121 | -14.9% |
| Land and buildings | 22 | - | €195,630 | +€195,630 | |
| Furniture and vehicles | 24 | - | €10,108 | +€10,108 | |
| Financial fixed assets | 28 | €3,060 | €102,000 | +€98,940 | +3233.3% |
| Current assets | 29/58 | €181,285 | €3,101,206 | +€2.9m | +1610.7% |
| Amounts receivable after more than one year | 29 | - | €21,842 | +€21,842 | |
| Other amounts receivable | 291 | - | €21,842 | +€21,842 | |
| Stocks and contracts in progress | 3 | €61,200 | €361,320 | +€300,120 | +490.4% |
| Stocks | 30/36 | - | €361,320 | +€361,320 | |
| Amounts receivable within one year | 40/41 | €1,737 | €943,650 | +€941,913 | +54217.7% |
| Trade receivables | 40 | - | €943,650 | +€943,650 | |
| Cash at bank and in hand | 54/58 | €6,043 | €909,747 | +€903,704 | +14953.7% |
| Deferred charges and accrued income | 490/1 | - | €864,647 | +€864,647 | |
| Total equity and liabilities | 10/49 | €426,204 | €3,408,944 | +€3.0m | +699.8% |
| Equity | 10/15 | -€356,361 | €2,652,320 | +€3.0m | |
| Contributions | 10/11 | €125,000 | €136,342 | +€11,342 | +9.1% |
| Reserves | 13 | - | €623,676 | +€623,676 | |
| Tax-exempt reserves | 132 | - | €568,350 | +€568,350 | |
| Distributable reserves | 133 | - | €55,326 | +€55,326 | |
| Profit (loss) carried forward | 14 | -€481,361 | €1,892,302 | +€2.4m | |
| Amounts payable | 17/49 | €782,565 | €756,624 | -€25,941 | -3.3% |
| Amounts payable after more than one year | 17 | €315,000 | €200,694 | -€114,306 | -36.3% |
| Financial debts | 170/4 | - | €200,694 | +€200,694 | |
| Amounts payable within one year | 42/48 | €465,785 | €555,930 | +€90,145 | +19.4% |
| Trade debts | 44 | €48,244 | €480,930 | +€432,686 | +896.9% |
| Suppliers | 440/4 | - | €480,930 | +€480,930 | |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Remuneration, social security and pensions | 62 | - | €611,082 | +€611,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €39,854 | +€39,854 | |
| Other operating charges | 640/8 | - | €9,337 | +€9,337 | |
| Gross operating margin | 9900 | €87,716 | €1,159,311 | +€1.1m | +1221.7% |
| Operating profit (loss) | 9901 | €75,054 | €499,038 | +€423,984 | +564.9% |
| Financial income | 75/76B | - | €11,059 | +€11,059 | |
| Recurring financial income | 75 | - | €11,059 | +€11,059 | |
| Financial charges | 65/66B | - | €46,383 | +€46,383 | |
| Recurring financial charges | 65 | €729 | €46,383 | +€45,654 | +6261.1% |
| Profit (loss) for the period before taxes | 9903 | €74,325 | €463,714 | +€389,389 | +523.9% |
| Income taxes | 67/77 | - | €110,000 | +€110,000 | |
| Profit (loss) for the period | 9904 | €74,325 | €353,714 | +€279,389 | +375.9% |
| Transfer from tax-exempt reserves | 789 | - | €53,400 | +€53,400 | |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,325 | €259,764 | +€185,439 | +249.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.