ZUIDBOUW: 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.
ZUIDBOUW
Largest movements
- Receivables within one year -€211,781
down €211,781 (-82.4%), from €257,091 to €45,310
of which Trade receivables: -€211,781
- Cash -€67,418
down €67,418 (-92.7%), from €72,718 to €5,299
mainly Net result for the year (-€237,771) and Other debts (-€24,171)
- Deferred charges and accrued income -€7,499
down €7,499 (-100%), from €7,499 to €0
- Profit (loss) carried forward -€237,771
down €237,771, from €147,138 to -€90,633
- Other debts -€24,171
down €24,171 (-37.7%), from €64,053 to €39,881
- Tax, wage and social debts -€19,350
down €19,350 (-63.9%), from €30,266 to €10,916
- Trade debts -€5,406
down €5,406 (-9.2%), from €58,452 to €53,046
- Gross operating margin -€305,444
down €305,444, from €69,025 to -€236,420
- Taxes -€18,384
down €18,384 (-100%), from €18,384 to €0
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 | €337,308 | €50,610 | -€286,698 | -85.0% |
| Current assets | 29/58 | €337,308 | €50,610 | -€286,698 | -85.0% |
| Amounts receivable within one year | 40/41 | €257,091 | €45,310 | -€211,781 | -82.4% |
| Trade receivables | 40 | €257,091 | €45,310 | -€211,781 | -82.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €72,718 | €5,299 | -€67,418 | -92.7% |
| Deferred charges and accrued income | 490/1 | €7,499 | €0 | -€7,499 | -100% |
| Total equity and liabilities | 10/49 | €337,308 | €50,610 | -€286,698 | -85.0% |
| Equity | 10/15 | €184,538 | -€53,233 | -€237,771 | |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €3,400 | €3,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,400 | €3,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,400 | €3,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,138 | -€90,633 | -€237,771 | |
| Amounts payable | 17/49 | €152,770 | €103,843 | -€48,927 | -32.0% |
| Amounts payable within one year | 42/48 | €152,770 | €103,843 | -€48,927 | -32.0% |
| Trade debts | 44 | €58,452 | €53,046 | -€5,406 | -9.2% |
| Suppliers | 440/4 | €58,452 | €53,046 | -€5,406 | -9.2% |
| Taxes, remuneration and social security | 45 | €30,266 | €10,916 | -€19,350 | -63.9% |
| Taxes | 450/3 | €30,266 | €10,916 | -€19,350 | -63.9% |
| Other amounts payable | 47/48 | €64,053 | €39,881 | -€24,171 | -37.7% |
| Other operating charges | 640/8 | €623 | €1,639 | +€1,016 | +163% |
| Gross operating margin | 9900 | €69,025 | -€236,420 | -€305,444 | |
| Operating profit (loss) | 9901 | €68,401 | -€238,059 | -€306,461 | |
| Financial income | 75/76B | €89 | €1,256 | +€1,167 | +1,313% |
| Recurring financial income | 75 | €89 | €1,256 | +€1,167 | +1,313% |
| Financial charges | 65/66B | €1,044 | €967 | -€77 | -7.4% |
| Recurring financial charges | 65 | €1,044 | €967 | -€77 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €67,446 | -€237,771 | -€305,217 | |
| Income taxes | 67/77 | €18,384 | €0 | -€18,384 | -100% |
| Profit (loss) for the period | 9904 | €49,062 | -€237,771 | -€286,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,062 | -€237,771 | -€286,833 |
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 22 October 2026 via checked.be.