Zuivel 9: 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.
Zuivel 9
Largest movements
- Tangible fixed assets +€321,966
new in 2025: €321,966
of which Plant, machinery and equipment: +€309,689
- Cash +€189,326
up €189,326 (+23435.3%), from €808 to €190,134
mainly Debts after one year (+€333,365) and Net result for the year (+€83,900)
- Receivables within one year +€32,227
up €32,227 (+109766.2%), from €29 to €32,257
of which Trade receivables: +€29,940
- Debts after one year +€333,365
new in 2025: €333,365
of which Financial debts: +€208,365
- Profit (loss) carried forward +€83,900
up €83,900, from -€24,163 to €59,737
- Trade debts +€52,628
up €52,628, from €0 to €52,628
- Current portion of long-term debt +€41,635
new in 2025: €41,635
- Tax, wage and social debts +€28,753
new in 2025: €28,753
of which Taxes: +€18,374
- Gross operating margin +€168,050
up €168,050, from -€9,928 to €158,121
- Staff costs +€41,772
new in 2025: €41,772
- Depreciation +€14,014
new in 2025: €14,014
- Financial charges +€8,623
up €8,623 (+8260.0%), from €104 to €8,728
- Taxes +€7,868
new in 2025: €7,868
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 | €837 | €548,160 | +€547,323 | +65373.0% |
| Fixed assets | 21/28 | - | €321,966 | +€321,966 | |
| Tangible fixed assets | 22/27 | - | €321,966 | +€321,966 | |
| Plant, machinery and equipment | 23 | - | €309,689 | +€309,689 | |
| Furniture and vehicles | 24 | - | €12,277 | +€12,277 | |
| Current assets | 29/58 | €837 | €226,194 | +€225,357 | +26917.0% |
| Amounts receivable within one year | 40/41 | €29 | €32,257 | +€32,227 | +109766.2% |
| Trade receivables | 40 | - | €29,940 | +€29,940 | |
| Other amounts receivable | 41 | €29 | €2,317 | +€2,287 | +7790.7% |
| Cash at bank and in hand | 54/58 | €808 | €190,134 | +€189,326 | +23435.3% |
| Deferred charges and accrued income | 490/1 | - | €3,803 | +€3,803 | |
| Total equity and liabilities | 10/49 | €837 | €548,160 | +€547,323 | +65373.0% |
| Equity | 10/15 | €837 | €84,737 | +€83,900 | +10021.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,163 | €59,737 | +€83,900 | |
| Amounts payable | 17/49 | €0 | €463,423 | +€463,423 | |
| Amounts payable after more than one year | 17 | - | €333,365 | +€333,365 | |
| Financial debts | 170/4 | - | €208,365 | +€208,365 | |
| Other amounts payable | 178/9 | - | €125,000 | +€125,000 | |
| Amounts payable within one year | 42/48 | €0 | €124,588 | +€124,588 | |
| Current portion of amounts payable after more than one year | 42 | - | €41,635 | +€41,635 | |
| Trade debts | 44 | €0 | €52,628 | +€52,628 | |
| Suppliers | 440/4 | €0 | €52,628 | +€52,628 | |
| Advances received on contracts in progress | 46 | - | €1,573 | +€1,573 | |
| Taxes, remuneration and social security | 45 | - | €28,753 | +€28,753 | |
| Taxes | 450/3 | - | €18,374 | +€18,374 | |
| Remuneration and social security | 454/9 | - | €10,379 | +€10,379 | |
| Accrued charges and deferred income | 492/3 | - | €5,469 | +€5,469 | |
| Remuneration, social security and pensions | 62 | - | €41,772 | +€41,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,014 | +€14,014 | |
| Other operating charges | 640/8 | €449 | €1,859 | +€1,410 | +313.7% |
| Gross operating margin | 9900 | -€9,928 | €158,121 | +€168,050 | |
| Operating profit (loss) | 9901 | -€10,377 | €100,477 | +€110,854 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €104 | €8,728 | +€8,623 | +8260.0% |
| Recurring financial charges | 65 | €104 | €8,728 | +€8,623 | +8260.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,482 | €91,768 | +€102,250 | |
| Income taxes | 67/77 | - | €7,868 | +€7,868 | |
| Profit (loss) for the period | 9904 | -€10,482 | €83,900 | +€94,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,482 | €83,900 | +€94,382 |
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 10 October 2026 via checked.be.