ZUREL BOUW: 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.
ZUREL BOUW
Largest movements
- Receivables within one year -€27,251
down €27,251 (-78.6%), from €34,671 to €7,420
of which Trade receivables: -€29,736
- Stocks and contracts +€22,025
up €22,025 (+13.7%), from €161,117 to €183,142
- Cash +€17,085
new in 2024: €17,085
mainly Receivables within one year (+€27,251) and Net result for the year (+€16,378)
- Tangible fixed assets -€6,573
down €6,573 (-39.5%), from €16,636 to €10,062
of which Furniture and vehicles: -€6,231
- Profit (loss) carried forward +€16,378
up €16,378, from -€14,228 to €2,151
- Other debts -€14,820
no longer reported in 2024 (was €14,820)
- Short-term financial debts +€9,801
up €9,801 (+9.0%), from €109,273 to €119,074
- Trade debts -€4,191
down €4,191 (-51.6%), from €8,116 to €3,925
- Gross operating margin +€24,228
up €24,228 (+1,980%), from €1,224 to €25,452
- Depreciation -€7,051
down €7,051 (-51.8%), from €13,625 to €6,573
- Other operating charges +€441
up €441 (+60.9%), from €724 to €1,165
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,423 | €217,709 | +€5,285 | +2.5% |
| Fixed assets | 21/28 | €16,636 | €10,062 | -€6,573 | -39.5% |
| Tangible fixed assets | 22/27 | €16,636 | €10,062 | -€6,573 | -39.5% |
| Furniture and vehicles | 24 | €14,199 | €7,968 | -€6,231 | -43.9% |
| Other tangible fixed assets | 26 | €2,436 | €2,094 | -€342 | -14.0% |
| Current assets | 29/58 | €195,788 | €207,646 | +€11,859 | +6.1% |
| Stocks and contracts in progress | 3 | €161,117 | €183,142 | +€22,025 | +13.7% |
| Stocks | 30/36 | €161,117 | €183,142 | +€22,025 | +13.7% |
| Amounts receivable within one year | 40/41 | €34,671 | €7,420 | -€27,251 | -78.6% |
| Trade receivables | 40 | €32,271 | €2,535 | -€29,736 | -92.1% |
| Other amounts receivable | 41 | €2,400 | €4,885 | +€2,485 | +104% |
| Cash at bank and in hand | 54/58 | - | €17,085 | +€17,085 | |
| Total equity and liabilities | 10/49 | €212,423 | €217,709 | +€5,285 | +2.5% |
| Equity | 10/15 | €69,773 | €86,152 | +€16,378 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,801 | €77,801 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,941 | €75,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,228 | €2,151 | +€16,378 | |
| Amounts payable | 17/49 | €142,650 | €131,557 | -€11,093 | -7.8% |
| Amounts payable within one year | 42/48 | €142,650 | €131,557 | -€11,093 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €1,986 | - | -€1,986 | |
| Financial debts | 43 | €109,273 | €119,074 | +€9,801 | +9.0% |
| Credit institutions | 430/8 | €109,273 | €119,074 | +€9,801 | +9.0% |
| Trade debts | 44 | €8,116 | €3,925 | -€4,191 | -51.6% |
| Suppliers | 440/4 | €8,116 | €3,925 | -€4,191 | -51.6% |
| Taxes, remuneration and social security | 45 | €8,454 | €8,558 | +€104 | +1.2% |
| Taxes | 450/3 | €7,454 | €4,558 | -€2,896 | -38.9% |
| Remuneration and social security | 454/9 | €1,000 | €4,000 | +€3,000 | +300% |
| Other amounts payable | 47/48 | €14,820 | - | -€14,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,625 | €6,573 | -€7,051 | -51.8% |
| Other operating charges | 640/8 | €724 | €1,165 | +€441 | +60.9% |
| Gross operating margin | 9900 | €1,224 | €25,452 | +€24,228 | +1,980% |
| Operating profit (loss) | 9901 | -€13,125 | €17,714 | +€30,839 | |
| Financial income | 75/76B | €5 | €15 | +€9 | +171% |
| Recurring financial income | 75 | €5 | €15 | +€9 | +171% |
| Financial charges | 65/66B | €1,108 | €1,350 | +€242 | +21.8% |
| Recurring financial charges | 65 | €1,108 | €1,350 | +€242 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,228 | €16,378 | +€30,606 | |
| Profit (loss) for the period | 9904 | -€14,228 | €16,378 | +€30,606 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,228 | €16,378 | +€30,606 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.