Zuidoever: 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.
Zuidoever
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+9.4%), from €11.4m to €12.5m
of which Land and buildings: +€1.1m
- Receivables within one year +€553,376
up €553,376 (+883563.6%), from €63 to €553,439
of which Other amounts receivable: +€461,375
- Debts after one year +€2.2m
up €2.2m (+31.6%), from €6.8m to €9.0m
- Other debts -€970,013
down €970,013 (-99.9%), from €971,455 to €1,443
- Trade debts +€297,781
up €297,781 (+935.2%), from €31,841 to €329,622
- Accrued charges and deferred income +€139,364
new in 2025: €139,364
- Gross operating margin +€794,877
up €794,877, from -€14,945 to €779,932
- Depreciation +€344,173
up €344,173 (+72100.9%), from €477 to €344,651
- Financial charges +€321,369
up €321,369 (+617.2%), from €52,065 to €373,434
- Other operating charges +€64,032
up €64,032 (+7715.7%), from €830 to €64,862
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 | €11,434,979 | €13,125,779 | +€1.7m | +14.8% |
| Formation expenses | 20 | €3,278 | €2,527 | -€751 | -22.9% |
| Fixed assets | 21/28 | €11,416,953 | €12,488,226 | +€1.1m | +9.4% |
| Tangible fixed assets | 22/27 | €11,409,286 | €12,480,559 | +€1.1m | +9.4% |
| Land and buildings | 22 | €11,409,286 | €12,475,658 | +€1.1m | +9.3% |
| Plant, machinery and equipment | 23 | - | €4,901 | +€4,901 | |
| Financial fixed assets | 28 | €7,667 | €7,667 | = | 0.0% |
| Current assets | 29/58 | €14,749 | €635,026 | +€620,278 | +4205.7% |
| Amounts receivable within one year | 40/41 | €63 | €553,439 | +€553,376 | +883563.6% |
| Trade receivables | 40 | - | €92,001 | +€92,001 | |
| Other amounts receivable | 41 | €63 | €461,437 | +€461,375 | +736667.0% |
| Cash at bank and in hand | 54/58 | €4,364 | €77,062 | +€72,698 | +1665.9% |
| Deferred charges and accrued income | 490/1 | €10,322 | €4,526 | -€5,796 | -56.2% |
| Total equity and liabilities | 10/49 | €11,434,979 | €13,125,779 | +€1.7m | +14.8% |
| Equity | 10/15 | €3,431,683 | €3,430,877 | -€806 | 0.0% |
| Contributions | 10/11 | €3,500,000 | €3,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,317 | -€69,123 | -€806 | -1.2% |
| Amounts payable | 17/49 | €8,003,296 | €9,694,902 | +€1.7m | +21.1% |
| Amounts payable after more than one year | 17 | €6,824,473 | €8,982,268 | +€2.2m | +31.6% |
| Financial debts | 170/4 | €6,824,473 | €8,982,268 | +€2.2m | +31.6% |
| Amounts payable within one year | 42/48 | €1,178,824 | €573,270 | -€605,554 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €175,528 | €242,205 | +€66,677 | +38.0% |
| Trade debts | 44 | €31,841 | €329,622 | +€297,781 | +935.2% |
| Suppliers | 440/4 | €31,841 | €329,622 | +€297,781 | +935.2% |
| Other amounts payable | 47/48 | €971,455 | €1,443 | -€970,013 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €139,364 | +€139,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €344,651 | +€344,173 | +72100.9% |
| Other operating charges | 640/8 | €830 | €64,862 | +€64,032 | +7715.7% |
| Gross operating margin | 9900 | -€14,945 | €779,932 | +€794,877 | |
| Operating profit (loss) | 9901 | -€16,252 | €370,419 | +€386,671 | |
| Financial income | 75/76B | - | €2,209 | +€2,209 | |
| Recurring financial income | 75 | - | €2,209 | +€2,209 | |
| Financial charges | 65/66B | €52,065 | €373,434 | +€321,369 | +617.2% |
| Recurring financial charges | 65 | €52,065 | €373,434 | +€321,369 | +617.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,317 | -€806 | +€67,512 | +98.8% |
| Profit (loss) for the period | 9904 | -€68,317 | -€806 | +€67,512 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,317 | -€806 | +€67,512 | +98.8% |
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 7 October 2026 via checked.be.