ZUIDEREVENT: 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.
ZUIDEREVENT
Largest movements
- Tangible fixed assets -€809,305
down €809,305 (-46.7%), from €1.7m to €923,563
of which Land and buildings: -€767,108
- Receivables within one year -€39,754
down €39,754 (-56.0%), from €70,991 to €31,237
of which Trade receivables: -€36,426
- Debts after one year -€854,245
down €854,245 (-60.0%), from €1.4m to €570,253
- Current portion of long-term debt -€216,015
down €216,015 (-55.2%), from €391,352 to €175,337
- Profit (loss) carried forward +€128,259
up €128,259 (+24.0%), from -€534,708 to -€406,449
- Other debts +€74,036
up €74,036 (+26.7%), from €277,070 to €351,106
- Gross operating margin +€232,303
up €232,303 (+158%), from €147,248 to €379,550
- Depreciation -€143,386
down €143,386 (-41.3%), from €347,050 to €203,664
- Financial charges -€18,342
down €18,342 (-27.3%), from €67,270 to €48,928
- Other operating charges -€5,457
down €5,457 (-20.5%), from €26,609 to €21,151
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 | €1,872,645 | €999,091 | -€873,553 | -46.6% |
| Fixed assets | 21/28 | €1,735,158 | €925,853 | -€809,305 | -46.6% |
| Tangible fixed assets | 22/27 | €1,732,868 | €923,563 | -€809,305 | -46.7% |
| Land and buildings | 22 | €1,663,783 | €896,675 | -€767,108 | -46.1% |
| Plant, machinery and equipment | 23 | €61,585 | €26,685 | -€34,901 | -56.7% |
| Furniture and vehicles | 24 | €7,500 | €204 | -€7,296 | -97.3% |
| Financial fixed assets | 28 | €2,290 | €2,290 | = | 0.0% |
| Current assets | 29/58 | €137,487 | €73,239 | -€64,248 | -46.7% |
| Amounts receivable after more than one year | 29 | €33,079 | €17,544 | -€15,534 | -47.0% |
| Other amounts receivable | 291 | €33,079 | €17,544 | -€15,534 | -47.0% |
| Amounts receivable within one year | 40/41 | €70,991 | €31,237 | -€39,754 | -56.0% |
| Trade receivables | 40 | €36,426 | €0 | -€36,426 | -100% |
| Other amounts receivable | 41 | €34,565 | €31,237 | -€3,328 | -9.6% |
| Cash at bank and in hand | 54/58 | €31,667 | €24,458 | -€7,210 | -22.8% |
| Deferred charges and accrued income | 490/1 | €1,750 | €0 | -€1,750 | -100% |
| Total equity and liabilities | 10/49 | €1,872,645 | €999,091 | -€873,553 | -46.6% |
| Equity | 10/15 | -€274,915 | -€160,254 | +€114,660 | +41.7% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €135,794 | €122,195 | -€13,599 | -10.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €104,644 | €91,045 | -€13,599 | -13.0% |
| Distributable reserves | 133 | €31,150 | €31,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€534,708 | -€406,449 | +€128,259 | +24.0% |
| Provisions and deferred taxes | 16 | €53,883 | €46,881 | -€7,002 | -13.0% |
| Deferred taxes | 168 | €53,883 | €46,881 | -€7,002 | -13.0% |
| Amounts payable | 17/49 | €2,093,676 | €1,112,465 | -€981,211 | -46.9% |
| Amounts payable after more than one year | 17 | €1,424,498 | €570,253 | -€854,245 | -60.0% |
| Financial debts | 170/4 | €1,424,498 | €570,253 | -€854,245 | -60.0% |
| Amounts payable within one year | 42/48 | €669,179 | €542,212 | -€126,967 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €391,352 | €175,337 | -€216,015 | -55.2% |
| Trade debts | 44 | €757 | €15,769 | +€15,012 | +1,984% |
| Suppliers | 440/4 | €757 | €15,769 | +€15,012 | +1,984% |
| Other amounts payable | 47/48 | €277,070 | €351,106 | +€74,036 | +26.7% |
| Non-recurring operating income | 76A | - | €169,217 | +€169,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,050 | €203,664 | -€143,386 | -41.3% |
| Other operating charges | 640/8 | €26,609 | €21,151 | -€5,457 | -20.5% |
| Gross operating margin | 9900 | €147,248 | €379,550 | +€232,303 | +158% |
| Operating profit (loss) | 9901 | -€226,411 | €154,735 | +€381,146 | |
| Financial income | 75/76B | €5,575 | €1,851 | -€3,724 | -66.8% |
| Recurring financial income | 75 | €5,575 | €1,851 | -€3,724 | -66.8% |
| Financial charges | 65/66B | €67,270 | €48,928 | -€18,342 | -27.3% |
| Recurring financial charges | 65 | €67,270 | €48,928 | -€18,342 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€288,106 | €107,658 | +€395,764 | |
| Transfer from deferred taxes | 780 | €136,831 | €7,002 | -€129,829 | -94.9% |
| Profit (loss) for the period | 9904 | -€151,274 | €114,660 | +€265,935 | |
| Transfer from tax-exempt reserves | 789 | €265,732 | €13,599 | -€252,133 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,458 | €128,259 | +€13,802 | +12.1% |
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.