ZURSTRASSEN: 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.
What changed
ZURSTRASSEN
NACE 90.201, Performing arts by independent artists
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€134,255
2024 · €14,832-€149,087
Equity
-€2.2m
2024 · -€2.0m-€134,255
Cash
€50,067
2024 · €39,515+€10,553
Balance sheet total
€2.3m
2024 · €2.2m+€5,957
Largest movements
Assets
- Stocks and contracts +€58,265
up €58,265 (+17.3%), from €337,620 to €395,885
- Tangible fixed assets -€32,897
down €32,897 (-1.9%), from €1.7m to €1.7m
of which Plant, machinery and equipment: -€26,444
- Receivables within one year -€31,368
down €31,368 (-24.2%), from €129,430 to €98,063
of which Trade receivables: -€21,787
Equity and liabilities
- Debts after one year +€135,198
up €135,198 (+3.2%), from €4.2m to €4.3m
- Profit (loss) carried forward -€119,769
down €119,769 (-4.6%), from -€2.6m to -€2.7m
Income statement
- Gross operating margin -€122,565
down €122,565 (-61.3%), from €199,807 to €77,242
- Depreciation +€19,370
up €19,370 (+19.0%), from €101,817 to €121,187
- Staff costs +€7,809
up €7,809 (+12.2%), from €63,817 to €71,627
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.
Result 2024
€14,832
Gross operating margin
-€122,565
Staff costs
-€7,809
Depreciation
-€19,370
Other operating charges
-€717
Financial income
+€921
Financial charges
+€486
Taxes
-€34
Result 2025
-€134,255
raises the resultlowers the result
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.
From operations
-€36,356
Investment
-€88,290
Financing
+€135,198
Cash 2024
€39,515
From operations (derived)
-€36,356
Net result for the year
-€134,255
Depreciation
+€121,187
Stocks and contracts
-€58,265
Receivables within one year
+€31,368
Deferred charges and accrued income
-€1,404
Trade debts
-€1,008
Tax, wage and social debts
+€4,283
Accrued charges and deferred income
+€1,739
Investment (derived)
-€88,290
Investment in fixed assets (net)
-€88,290
Financing
+€135,198
Debts after one year
+€135,198
Cash 2025
€50,067
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,244,974 | €2,250,931 | +€5,957 | +0.3% |
| Fixed assets | 21/28 | €1,720,188 | €1,687,291 | -€32,897 | -1.9% |
| Tangible fixed assets | 22/27 | €1,719,938 | €1,687,041 | -€32,897 | -1.9% |
| Land and buildings | 22 | €1,483,110 | €1,486,798 | +€3,688 | +0.2% |
| Plant, machinery and equipment | 23 | €122,054 | €95,610 | -€26,444 | -21.7% |
| Furniture and vehicles | 24 | €72,197 | €62,057 | -€10,140 | -14.0% |
| Other tangible fixed assets | 26 | €42,576 | €42,576 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €524,786 | €563,640 | +€38,854 | +7.4% |
| Stocks and contracts in progress | 3 | €337,620 | €395,885 | +€58,265 | +17.3% |
| Stocks | 30/36 | €337,620 | €395,885 | +€58,265 | +17.3% |
| Amounts receivable within one year | 40/41 | €129,430 | €98,063 | -€31,368 | -24.2% |
| Trade receivables | 40 | €115,054 | €93,266 | -€21,787 | -18.9% |
| Other amounts receivable | 41 | €14,377 | €4,796 | -€9,580 | -66.6% |
| Cash at bank and in hand | 54/58 | €39,515 | €50,067 | +€10,553 | +26.7% |
| Deferred charges and accrued income | 490/1 | €18,220 | €19,625 | +€1,404 | +7.7% |
| Total equity and liabilities | 10/49 | €2,244,974 | €2,250,931 | +€5,957 | +0.3% |
| Equity | 10/15 | -€2,022,752 | -€2,157,006 | -€134,255 | -6.6% |
| Contributions | 10/11 | €437,184 | €437,184 | = | 0.0% |
| Reserves | 13 | €153,097 | €138,612 | -€14,485 | -9.5% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €149,379 | €134,894 | -€14,485 | -9.7% |
| Profit (loss) carried forward | 14 | -€2,613,033 | -€2,732,802 | -€119,769 | -4.6% |
| Amounts payable | 17/49 | €4,267,726 | €4,407,937 | +€140,212 | +3.3% |
| Amounts payable after more than one year | 17 | €4,181,601 | €4,316,799 | +€135,198 | +3.2% |
| Other amounts payable | 178/9 | €4,181,601 | €4,316,799 | +€135,198 | +3.2% |
| Amounts payable within one year | 42/48 | €78,285 | €81,560 | +€3,274 | +4.2% |
| Trade debts | 44 | €65,690 | €64,682 | -€1,008 | -1.5% |
| Suppliers | 440/4 | €65,690 | €64,682 | -€1,008 | -1.5% |
| Taxes, remuneration and social security | 45 | €12,595 | €16,878 | +€4,283 | +34.0% |
| Taxes | 450/3 | €2,238 | €1,646 | -€591 | -26.4% |
| Remuneration and social security | 454/9 | €10,357 | €15,231 | +€4,874 | +47.1% |
| Accrued charges and deferred income | 492/3 | €7,840 | €9,579 | +€1,739 | +22.2% |
| Remuneration, social security and pensions | 62 | €63,817 | €71,627 | +€7,809 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,817 | €121,187 | +€19,370 | +19.0% |
| Other operating charges | 640/8 | €18,436 | €19,153 | +€717 | +3.9% |
| Gross operating margin | 9900 | €199,807 | €77,242 | -€122,565 | -61.3% |
| Operating profit (loss) | 9901 | €15,736 | -€134,724 | -€150,460 | |
| Financial income | 75/76B | €192 | €1,113 | +€921 | +480% |
| Recurring financial income | 75 | €192 | €1,113 | +€921 | +480% |
| Financial charges | 65/66B | €989 | €503 | -€486 | -49.2% |
| Recurring financial charges | 65 | €989 | €503 | -€486 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €14,939 | -€134,114 | -€149,053 | |
| Income taxes | 67/77 | €107 | €141 | +€34 | +32.1% |
| Profit (loss) for the period | 9904 | €14,832 | -€134,255 | -€149,087 | |
| Transfer from tax-exempt reserves | 789 | €14,485 | €14,485 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,317 | -€119,769 | -€149,087 |
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 18 October 2026 via checked.be.