ZUID98: 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.
ZUID98
Largest movements
- Tangible fixed assets -€22,226
down €22,226 (-4.8%), from €463,160 to €440,934
of which Land and buildings: -€15,884
- Cash +€19,731
up €19,731 (+79.9%), from €24,686 to €44,417
mainly Depreciation (+€22,226) and Receivables within one year (+€6,985)
- Receivables within one year -€6,985
down €6,985 (-97.3%), from €7,176 to €191
of which Trade receivables: -€7,093
- Debts after one year -€21,515
down €21,515 (-4.7%), from €458,291 to €436,776
of which Financial debts: -€21,515
- Profit (loss) carried forward +€6,728
up €6,728 (+9.1%), from -€74,135 to -€67,406
- Trade debts +€5,587
up €5,587 (+153.0%), from €3,651 to €9,238
- Staff costs +€20,781
up €20,781 (+29.3%), from €70,948 to €91,728
- Depreciation -€6,312
down €6,312 (-22.1%), from €28,538 to €22,226
- Gross operating margin +€4,607
up €4,607 (+3.6%), from €128,319 to €132,927
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 | €500,984 | €490,844 | -€10,140 | -2.0% |
| Fixed assets | 21/28 | €464,025 | €440,994 | -€23,031 | -5.0% |
| Tangible fixed assets | 22/27 | €463,160 | €440,934 | -€22,226 | -4.8% |
| Land and buildings | 22 | €408,451 | €392,567 | -€15,884 | -3.9% |
| Plant, machinery and equipment | 23 | €33,112 | €29,321 | -€3,790 | -11.4% |
| Furniture and vehicles | 24 | €21,597 | €19,045 | -€2,551 | -11.8% |
| Financial fixed assets | 28 | €865 | €60 | -€805 | -93.1% |
| Current assets | 29/58 | €36,959 | €49,850 | +€12,891 | +34.9% |
| Stocks and contracts in progress | 3 | €3,773 | €3,653 | -€120 | -3.2% |
| Stocks | 30/36 | €3,773 | €3,653 | -€120 | -3.2% |
| Amounts receivable within one year | 40/41 | €7,176 | €191 | -€6,985 | -97.3% |
| Trade receivables | 40 | €7,093 | €0 | -€7,093 | -100.0% |
| Other amounts receivable | 41 | €83 | €191 | +€108 | +130.7% |
| Cash at bank and in hand | 54/58 | €24,686 | €44,417 | +€19,731 | +79.9% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,590 | +€265 | +20.0% |
| Total equity and liabilities | 10/49 | €500,984 | €490,844 | -€10,140 | -2.0% |
| Equity | 10/15 | -€14,573 | -€7,845 | +€6,728 | +46.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,962 | €40,962 | = | 0.0% |
| Distributable reserves | 133 | €40,962 | €40,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,135 | -€67,406 | +€6,728 | +9.1% |
| Amounts payable | 17/49 | €515,557 | €498,688 | -€16,868 | -3.3% |
| Amounts payable after more than one year | 17 | €458,291 | €436,776 | -€21,515 | -4.7% |
| Financial debts | 170/4 | €408,291 | €386,776 | -€21,515 | -5.3% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,209 | €59,971 | +€5,762 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €23,432 | €21,515 | -€1,917 | -8.2% |
| Trade debts | 44 | €3,651 | €9,238 | +€5,587 | +153.0% |
| Suppliers | 440/4 | €3,651 | €9,238 | +€5,587 | +153.0% |
| Taxes, remuneration and social security | 45 | €10,375 | €8,182 | -€2,193 | -21.1% |
| Taxes | 450/3 | €6,452 | €3,468 | -€2,984 | -46.2% |
| Remuneration and social security | 454/9 | €3,923 | €4,714 | +€791 | +20.2% |
| Other amounts payable | 47/48 | €16,751 | €21,036 | +€4,285 | +25.6% |
| Accrued charges and deferred income | 492/3 | €3,057 | €1,942 | -€1,115 | -36.5% |
| Remuneration, social security and pensions | 62 | €70,948 | €91,728 | +€20,781 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,538 | €22,226 | -€6,312 | -22.1% |
| Other operating charges | 640/8 | €2,292 | €2,443 | +€151 | +6.6% |
| Gross operating margin | 9900 | €128,319 | €132,927 | +€4,607 | +3.6% |
| Operating profit (loss) | 9901 | €26,542 | €16,530 | -€10,012 | -37.7% |
| Financial income | 75/76B | €33 | €108 | +€75 | +224.5% |
| Recurring financial income | 75 | €33 | €108 | +€75 | +224.5% |
| Financial charges | 65/66B | €9,894 | €9,368 | -€526 | -5.3% |
| Recurring financial charges | 65 | €9,894 | €9,368 | -€526 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €16,681 | €7,270 | -€9,411 | -56.4% |
| Income taxes | 67/77 | €577 | €542 | -€36 | -6.2% |
| Profit (loss) for the period | 9904 | €16,104 | €6,728 | -€9,376 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,104 | €6,728 | -€9,376 | -58.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.