ZUIDZAND EXPRESS: 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.
ZUIDZAND EXPRESS
Largest movements
- Receivables within one year +€88,724
up €88,724 (+78.8%), from €112,626 to €201,351
of which Other amounts receivable: +€88,978
- Cash -€73,168
down €73,168 (-60.9%), from €120,194 to €47,025
mainly Receivables within one year (-€88,724) and Debts after one year (-€46,541)
- Tangible fixed assets -€52,029
down €52,029 (-22.7%), from €229,437 to €177,408
of which Plant, machinery and equipment: -€43,916
- Deferred charges and accrued income +€6,662
up €6,662 (+455%), from €1,465 to €8,127
- Debts after one year -€46,541
down €46,541 (-43.3%), from €107,434 to €60,893
- Trade debts +€27,997
up €27,997 (+12.6%), from €222,906 to €250,903
- Accrued charges and deferred income -€12,150
down €12,150 (-100%), from €12,150 to €0
- Tax, wage and social debts -€7,791
down €7,791 (-52.1%), from €14,962 to €7,171
of which Remuneration and social security: -€7,959
- Depreciation -€15,860
down €15,860 (-23.0%), from €69,059 to €53,199
- Staff costs -€11,876
down €11,876 (-9.8%), from €120,959 to €109,083
- Gross operating margin +€6,672
up €6,672 (+4.0%), from €166,243 to €172,916
- Financial charges +€3,150
up €3,150 (+38.8%), from €8,128 to €11,278
- Financial income -€2,899
down €2,899 (-96.0%), from €3,020 to €121
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 | €566,280 | €536,469 | -€29,811 | -5.3% |
| Fixed assets | 21/28 | €229,437 | €177,408 | -€52,029 | -22.7% |
| Tangible fixed assets | 22/27 | €229,437 | €177,408 | -€52,029 | -22.7% |
| Plant, machinery and equipment | 23 | €209,330 | €165,414 | -€43,916 | -21.0% |
| Furniture and vehicles | 24 | €11,295 | €4,471 | -€6,825 | -60.4% |
| Other tangible fixed assets | 26 | €8,812 | €7,523 | -€1,289 | -14.6% |
| Current assets | 29/58 | €336,844 | €359,061 | +€22,218 | +6.6% |
| Stocks and contracts in progress | 3 | €102,559 | €102,559 | = | 0.0% |
| Stocks | 30/36 | €102,559 | €102,559 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,626 | €201,351 | +€88,724 | +78.8% |
| Trade receivables | 40 | €20,165 | €19,911 | -€254 | -1.3% |
| Other amounts receivable | 41 | €92,462 | €181,440 | +€88,978 | +96.2% |
| Cash at bank and in hand | 54/58 | €120,194 | €47,025 | -€73,168 | -60.9% |
| Deferred charges and accrued income | 490/1 | €1,465 | €8,127 | +€6,662 | +455% |
| Total equity and liabilities | 10/49 | €566,280 | €536,469 | -€29,811 | -5.3% |
| Equity | 10/15 | €163,627 | €162,523 | -€1,103 | -0.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,627 | €22,523 | -€1,103 | -4.7% |
| Amounts payable | 17/49 | €402,654 | €373,946 | -€28,708 | -7.1% |
| Amounts payable after more than one year | 17 | €107,434 | €60,893 | -€46,541 | -43.3% |
| Financial debts | 170/4 | €107,434 | €60,893 | -€46,541 | -43.3% |
| Amounts payable within one year | 42/48 | €283,070 | €313,053 | +€29,983 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €45,202 | €49,979 | +€4,777 | +10.6% |
| Trade debts | 44 | €222,906 | €250,903 | +€27,997 | +12.6% |
| Suppliers | 440/4 | €222,906 | €250,903 | +€27,997 | +12.6% |
| Taxes, remuneration and social security | 45 | €14,962 | €7,171 | -€7,791 | -52.1% |
| Taxes | 450/3 | - | €168 | +€168 | |
| Remuneration and social security | 454/9 | €14,962 | €7,003 | -€7,959 | -53.2% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €12,150 | €0 | -€12,150 | -100% |
| Non-recurring operating income | 76A | €1,112 | €0 | -€1,112 | -100% |
| Remuneration, social security and pensions | 62 | €120,959 | €109,083 | -€11,876 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,059 | €53,199 | -€15,860 | -23.0% |
| Other operating charges | 640/8 | €815 | €412 | -€404 | -49.5% |
| Gross operating margin | 9900 | €166,243 | €172,916 | +€6,672 | +4.0% |
| Operating profit (loss) | 9901 | -€24,589 | €10,222 | +€34,811 | |
| Financial income | 75/76B | €3,020 | €121 | -€2,899 | -96.0% |
| Recurring financial income | 75 | €3,020 | €121 | -€2,899 | -96.0% |
| Financial charges | 65/66B | €8,128 | €11,278 | +€3,150 | +38.8% |
| Recurring financial charges | 65 | €8,128 | €11,278 | +€3,150 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,698 | -€935 | +€28,762 | +96.9% |
| Income taxes | 67/77 | - | €168 | +€168 | |
| Profit (loss) for the period | 9904 | -€29,698 | -€1,103 | +€28,594 | +96.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,698 | -€1,103 | +€28,594 | +96.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.