ZUIVEL: 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.
ZUIVEL
Largest movements
- Cash +€10,038
up €10,038 (+313.3%), from €3,203 to €13,241
mainly Debts after one year (+€33,738) and Tax, wage and social debts (+€7,369)
- Receivables within one year +€4,717
up €4,717 (+17.5%), from €26,994 to €31,710
of which Trade receivables: +€6,432
- Deferred charges and accrued income -€4,589
down €4,589 (-23.9%), from €19,199 to €14,610
- Debts after one year +€33,738
up €33,738 (+251.8%), from €13,401 to €47,140
- Other debts -€18,250
down €18,250 (-22.7%), from €80,565 to €62,315
- Trade debts -€11,056
down €11,056 (-60.8%), from €18,184 to €7,129
- Tax, wage and social debts +€7,369
up €7,369 (+27.3%), from €27,014 to €34,384
of which Remuneration and social security: +€6,249
- Current portion of long-term debt -€4,810
down €4,810 (-43.4%), from €11,072 to €6,262
- Gross operating margin -€18,580
down €18,580 (-50.4%), from €36,864 to €18,283
- Financial charges +€6,102
up €6,102 (+173.5%), from €3,517 to €9,619
- Taxes -€5,484
down €5,484 (-57.5%), from €9,543 to €4,059
- Other operating charges -€1,342
down €1,342 (-39.6%), from €3,391 to €2,049
- Financial income -€509
down €509 (-99.8%), from €510 to €1
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 | €263,980 | €274,144 | +€10,165 | +3.9% |
| Fixed assets | 21/28 | €214,583 | €214,583 | = | 0.0% |
| Financial fixed assets | 28 | €214,583 | €214,583 | = | 0.0% |
| Current assets | 29/58 | €49,396 | €59,561 | +€10,165 | +20.6% |
| Amounts receivable within one year | 40/41 | €26,994 | €31,710 | +€4,717 | +17.5% |
| Trade receivables | 40 | €8,879 | €15,312 | +€6,432 | +72.4% |
| Other amounts receivable | 41 | €18,114 | €16,399 | -€1,716 | -9.5% |
| Cash at bank and in hand | 54/58 | €3,203 | €13,241 | +€10,038 | +313.3% |
| Deferred charges and accrued income | 490/1 | €19,199 | €14,610 | -€4,589 | -23.9% |
| Total equity and liabilities | 10/49 | €263,980 | €274,144 | +€10,165 | +3.9% |
| Equity | 10/15 | €108,618 | €111,175 | +€2,557 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €46,618 | €49,175 | +€2,557 | +5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €40,418 | €42,975 | +€2,557 | +6.3% |
| Amounts payable | 17/49 | €155,362 | €162,969 | +€7,607 | +4.9% |
| Amounts payable after more than one year | 17 | €13,401 | €47,140 | +€33,738 | +251.8% |
| Financial debts | 170/4 | €13,401 | €47,140 | +€33,738 | +251.8% |
| Amounts payable within one year | 42/48 | €141,961 | €115,214 | -€26,746 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €11,072 | €6,262 | -€4,810 | -43.4% |
| Financial debts | 43 | €5,125 | €5,125 | = | 0.0% |
| Other loans | 439 | €5,125 | €5,125 | = | 0.0% |
| Trade debts | 44 | €18,184 | €7,129 | -€11,056 | -60.8% |
| Suppliers | 440/4 | €18,184 | €7,129 | -€11,056 | -60.8% |
| Taxes, remuneration and social security | 45 | €27,014 | €34,384 | +€7,369 | +27.3% |
| Taxes | 450/3 | €15,335 | €16,455 | +€1,120 | +7.3% |
| Remuneration and social security | 454/9 | €11,680 | €17,929 | +€6,249 | +53.5% |
| Other amounts payable | 47/48 | €80,565 | €62,315 | -€18,250 | -22.7% |
| Accrued charges and deferred income | 492/3 | - | €615 | +€615 | |
| Other operating charges | 640/8 | €3,391 | €2,049 | -€1,342 | -39.6% |
| Gross operating margin | 9900 | €36,864 | €18,283 | -€18,580 | -50.4% |
| Operating profit (loss) | 9901 | €33,472 | €16,234 | -€17,238 | -51.5% |
| Financial income | 75/76B | €510 | €1 | -€509 | -99.8% |
| Recurring financial income | 75 | €510 | €1 | -€509 | -99.8% |
| Financial charges | 65/66B | €3,517 | €9,619 | +€6,102 | +173.5% |
| Recurring financial charges | 65 | €3,517 | €9,619 | +€6,102 | +173.5% |
| Profit (loss) for the period before taxes | 9903 | €30,466 | €6,616 | -€23,850 | -78.3% |
| Income taxes | 67/77 | €9,543 | €4,059 | -€5,484 | -57.5% |
| Profit (loss) for the period | 9904 | €20,923 | €2,557 | -€18,366 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,923 | €2,557 | -€18,366 | -87.8% |
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 4 October 2026 via checked.be.