Zuidkwartier Construct: 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.
Zuidkwartier Construct
Largest movements
- Receivables within one year +€2.4m
up €2.4m (+840.4%), from €284,988 to €2.7m
of which Other amounts receivable: +€1.6m
- Stocks and contracts +€632,508
up €632,508 (+9.6%), from €6.6m to €7.2m
- Short-term financial debts +€3.4m
new in 2025: €3.4m
- Advances received -€2.1m
down €2.1m (-100.0%), from €2.1m to €0
- Other debts +€1.6m
up €1.6m (+41.5%), from €3.7m to €5.3m
- Trade debts +€503,416
up €503,416 (+49.4%), from €1.0m to €1.5m
- Profit (loss) carried forward -€171,391
down €171,391 (-156.7%), from -€109,358 to -€280,749
- Financial charges +€167,639
up €167,639 (+159.1%), from €105,380 to €273,019
- Gross operating margin +€55,382
up €55,382, from -€10,606 to €44,775
- Financial income +€49,819
up €49,819 (+630.2%), from €7,905 to €57,724
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 | €6,953,265 | €10,050,439 | +€3.1m | +44.5% |
| Current assets | 29/58 | €6,953,265 | €10,050,439 | +€3.1m | +44.5% |
| Stocks and contracts in progress | 3 | €6,603,086 | €7,235,595 | +€632,508 | +9.6% |
| Stocks | 30/36 | €6,603,086 | €7,235,595 | +€632,508 | +9.6% |
| Amounts receivable within one year | 40/41 | €284,988 | €2,679,931 | +€2.4m | +840.4% |
| Trade receivables | 40 | €151,703 | €940,647 | +€788,944 | +520.1% |
| Other amounts receivable | 41 | €133,285 | €1,739,284 | +€1.6m | +1204.9% |
| Cash at bank and in hand | 54/58 | €55,321 | €132,462 | +€77,141 | +139.4% |
| Deferred charges and accrued income | 490/1 | €9,870 | €2,452 | -€7,418 | -75.2% |
| Total equity and liabilities | 10/49 | €6,953,265 | €10,050,439 | +€3.1m | +44.5% |
| Equity | 10/15 | -€99,358 | -€270,749 | -€171,391 | -172.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,358 | -€280,749 | -€171,391 | -156.7% |
| Amounts payable | 17/49 | €7,052,623 | €10,321,189 | +€3.3m | +46.3% |
| Amounts payable within one year | 42/48 | €7,025,373 | €10,266,177 | +€3.2m | +46.1% |
| Financial debts | 43 | - | €3,400,000 | +€3.4m | |
| Credit institutions | 430/8 | - | €3,400,000 | +€3.4m | |
| Trade debts | 44 | €1,019,519 | €1,522,935 | +€503,416 | +49.4% |
| Suppliers | 440/4 | €1,019,519 | €1,522,935 | +€503,416 | +49.4% |
| Advances received on contracts in progress | 46 | €2,110,077 | €0 | -€2.1m | -100.0% |
| Taxes, remuneration and social security | 45 | €159,140 | €54,696 | -€104,444 | -65.6% |
| Taxes | 450/3 | €159,140 | €54,696 | -€104,444 | -65.6% |
| Other amounts payable | 47/48 | €3,736,637 | €5,288,546 | +€1.6m | +41.5% |
| Accrued charges and deferred income | 492/3 | €27,250 | €55,012 | +€27,762 | +101.9% |
| Other operating charges | 640/8 | €1,276 | €871 | -€405 | -31.8% |
| Gross operating margin | 9900 | -€10,606 | €44,775 | +€55,382 | |
| Operating profit (loss) | 9901 | -€11,883 | €43,904 | +€55,787 | |
| Financial income | 75/76B | €7,905 | €57,724 | +€49,819 | +630.2% |
| Recurring financial income | 75 | €7,905 | €57,724 | +€49,819 | +630.2% |
| Financial charges | 65/66B | €105,380 | €273,019 | +€167,639 | +159.1% |
| Recurring financial charges | 65 | €105,380 | €273,019 | +€167,639 | +159.1% |
| Profit (loss) for the period before taxes | 9903 | -€109,358 | -€171,391 | -€62,033 | -56.7% |
| Profit (loss) for the period | 9904 | -€109,358 | -€171,391 | -€62,033 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,358 | -€171,391 | -€62,033 | -56.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.