ZUIDERPARK: 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.
ZUIDERPARK
Largest movements
- Cash +€77,620
up €77,620 (+28.2%), from €275,108 to €352,728
mainly Depreciation (+€43,400) and Net result for the year (+€25,050)
- Tangible fixed assets -€43,400
down €43,400 (-5.5%), from €793,948 to €750,548
- Reserves +€25,050
up €25,050 (+8.4%), from €299,289 to €324,339
of which Distributable reserves: +€25,050
- Accrued charges and deferred income +€22,958
new in 2025: €22,958
- Gross operating margin +€26,602
up €26,602 (+44.7%), from €59,469 to €86,071
- Taxes +€6,736
up €6,736 (+380.9%), from €1,769 to €8,505
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 | €1,127,781 | €1,171,611 | +€43,830 | +3.9% |
| Fixed assets | 21/28 | €797,698 | €754,298 | -€43,400 | -5.4% |
| Tangible fixed assets | 22/27 | €793,948 | €750,548 | -€43,400 | -5.5% |
| Land and buildings | 22 | €793,948 | €750,548 | -€43,400 | -5.5% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €330,083 | €417,313 | +€87,230 | +26.4% |
| Amounts receivable within one year | 40/41 | €54,240 | €63,721 | +€9,481 | +17.5% |
| Trade receivables | 40 | €53,509 | €32,990 | -€20,519 | -38.3% |
| Other amounts receivable | 41 | €731 | €30,731 | +€30,000 | +4102.4% |
| Cash at bank and in hand | 54/58 | €275,108 | €352,728 | +€77,620 | +28.2% |
| Deferred charges and accrued income | 490/1 | €734 | €864 | +€130 | +17.7% |
| Total equity and liabilities | 10/49 | €1,127,781 | €1,171,611 | +€43,830 | +3.9% |
| Equity | 10/15 | €1,115,160 | €1,140,210 | +€25,050 | +2.2% |
| Contributions | 10/11 | €815,871 | €815,871 | = | 0.0% |
| Capital | 10 | €815,871 | €815,871 | = | 0.0% |
| Issued capital | 100 | €815,871 | €815,871 | = | 0.0% |
| Reserves | 13 | €299,289 | €324,339 | +€25,050 | +8.4% |
| Non-distributable reserves | 130/1 | €81,587 | €81,587 | = | 0.0% |
| Legal reserve | 130 | €81,587 | €81,587 | = | 0.0% |
| Distributable reserves | 133 | €217,702 | €242,752 | +€25,050 | +11.5% |
| Amounts payable | 17/49 | €12,621 | €31,401 | +€18,780 | +148.8% |
| Amounts payable within one year | 42/48 | €12,621 | €8,442 | -€4,178 | -33.1% |
| Trade debts | 44 | €10,911 | €3,000 | -€7,911 | -72.5% |
| Suppliers | 440/4 | €10,911 | €3,000 | -€7,911 | -72.5% |
| Taxes, remuneration and social security | 45 | €1,710 | €5,442 | +€3,733 | +218.3% |
| Taxes | 450/3 | €1,710 | €5,442 | +€3,733 | +218.3% |
| Accrued charges and deferred income | 492/3 | - | €22,958 | +€22,958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,400 | €43,400 | = | 0.0% |
| Other operating charges | 640/8 | €8,964 | €9,176 | +€212 | +2.4% |
| Gross operating margin | 9900 | €59,469 | €86,071 | +€26,602 | +44.7% |
| Operating profit (loss) | 9901 | €7,105 | €33,495 | +€26,389 | +371.4% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €64 | €65 | +€1 | +2.1% |
| Recurring financial charges | 65 | €64 | €65 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €7,041 | €33,555 | +€26,514 | +376.6% |
| Income taxes | 67/77 | €1,769 | €8,505 | +€6,736 | +380.9% |
| Profit (loss) for the period | 9904 | €5,272 | €25,050 | +€19,778 | +375.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,272 | €25,050 | +€19,778 | +375.1% |
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 12 October 2026 via checked.be.