ZWEKO IMMO: 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.
ZWEKO IMMO
Largest movements
- Tangible fixed assets -€38,324
down €38,324 (-7.0%), from €549,983 to €511,659
of which Land and buildings: -€41,954
- Current investments +€22,000
up €22,000 (+20.9%), from €105,110 to €127,110
- Cash +€10,878
up €10,878 (+19.9%), from €54,648 to €65,526
mainly Trade debts (+€55,026) and Depreciation (+€43,259)
- Trade debts +€55,026
up €55,026 (+398%), from €13,841 to €68,867
- Accrued charges and deferred income -€45,000
down €45,000 (-100%), from €45,000 to €0
- Reserves +€29,162
up €29,162 (+9.3%), from €313,721 to €342,882
of which Distributable reserves: +€29,162
- Debts after one year -€26,207
down €26,207 (-9.3%), from €282,576 to €256,370
of which Financial debts: -€68,610
- Gross operating margin +€19,187
up €19,187 (+21.5%), from €89,323 to €108,509
- Financial income +€7,924
up €7,924 (+356%), from €2,228 to €10,152
- Taxes +€6,038
up €6,038 (+129%), from €4,672 to €10,710
- Other operating charges -€4,243
down €4,243 (-14.4%), from €29,556 to €25,313
- Depreciation -€2,096
down €2,096 (-4.6%), from €45,355 to €43,259
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 | €798,227 | €802,419 | +€4,193 | +0.5% |
| Fixed assets | 21/28 | €550,677 | €512,353 | -€38,324 | -7.0% |
| Tangible fixed assets | 22/27 | €549,983 | €511,659 | -€38,324 | -7.0% |
| Land and buildings | 22 | €547,030 | €505,076 | -€41,954 | -7.7% |
| Plant, machinery and equipment | 23 | €501 | €966 | +€464 | +92.6% |
| Furniture and vehicles | 24 | €2,451 | €5,617 | +€3,166 | +129% |
| Financial fixed assets | 28 | €694 | €694 | = | 0.0% |
| Current assets | 29/58 | €247,549 | €290,066 | +€42,516 | +17.2% |
| Amounts receivable within one year | 40/41 | €70,702 | €75,701 | +€4,999 | +7.1% |
| Trade receivables | 40 | €14,714 | €14,811 | +€97 | +0.7% |
| Other amounts receivable | 41 | €55,988 | €60,890 | +€4,902 | +8.8% |
| Current investments | 50/53 | €105,110 | €127,110 | +€22,000 | +20.9% |
| Cash at bank and in hand | 54/58 | €54,648 | €65,526 | +€10,878 | +19.9% |
| Deferred charges and accrued income | 490/1 | €17,090 | €21,730 | +€4,639 | +27.1% |
| Total equity and liabilities | 10/49 | €798,227 | €802,419 | +€4,193 | +0.5% |
| Equity | 10/15 | €375,571 | €397,482 | +€21,912 | +5.8% |
| Contributions | 10/11 | €54,600 | €54,600 | = | 0.0% |
| Revaluation surpluses | 12 | €7,250 | €0 | -€7,250 | -100% |
| Reserves | 13 | €313,721 | €342,882 | +€29,162 | +9.3% |
| Non-distributable reserves | 130/1 | €5,460 | €5,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,460 | €5,460 | = | 0.0% |
| Distributable reserves | 133 | €308,261 | €337,422 | +€29,162 | +9.5% |
| Amounts payable | 17/49 | €422,656 | €404,937 | -€17,719 | -4.2% |
| Amounts payable after more than one year | 17 | €282,576 | €256,370 | -€26,207 | -9.3% |
| Financial debts | 170/4 | €171,157 | €102,546 | -€68,610 | -40.1% |
| Other amounts payable | 178/9 | €111,420 | €153,823 | +€42,403 | +38.1% |
| Amounts payable within one year | 42/48 | €95,079 | €148,567 | +€53,488 | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €76,466 | €74,581 | -€1,884 | -2.5% |
| Trade debts | 44 | €13,841 | €68,867 | +€55,026 | +398% |
| Suppliers | 440/4 | €13,841 | €68,867 | +€55,026 | +398% |
| Taxes, remuneration and social security | 45 | €4,772 | €5,119 | +€347 | +7.3% |
| Taxes | 450/3 | €4,772 | €5,119 | +€347 | +7.3% |
| Accrued charges and deferred income | 492/3 | €45,000 | €0 | -€45,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,355 | €43,259 | -€2,096 | -4.6% |
| Other operating charges | 640/8 | €29,556 | €25,313 | -€4,243 | -14.4% |
| Gross operating margin | 9900 | €89,323 | €108,509 | +€19,187 | +21.5% |
| Operating profit (loss) | 9901 | €14,411 | €39,937 | +€25,526 | +177% |
| Financial income | 75/76B | €2,228 | €10,152 | +€7,924 | +356% |
| Recurring financial income | 75 | €2,228 | €10,152 | +€7,924 | +356% |
| Financial charges | 65/66B | €18,138 | €17,467 | -€671 | -3.7% |
| Recurring financial charges | 65 | €18,138 | €17,467 | -€671 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,499 | €32,622 | +€34,121 | |
| Income taxes | 67/77 | €4,672 | €10,710 | +€6,038 | +129% |
| Profit (loss) for the period | 9904 | -€6,171 | €21,912 | +€28,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,171 | €21,912 | +€28,082 |
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 13 October 2026 via checked.be.