Zwembadmarkt: 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.
Zwembadmarkt
Largest movements
- Stocks and contracts +€92,810
up €92,810 (+141%), from €65,770 to €158,580
- Receivables within one year -€80,245
down €80,245 (-53.2%), from €150,863 to €70,618
of which Trade receivables: -€65,717
- Current investments -€44,000
no longer reported in 2026 (was €44,000)
- Tangible fixed assets -€15,536
down €15,536 (-24.1%), from €64,465 to €48,929
of which Leasing and similar rights: -€15,922
- Other debts +€102,848
new in 2026: €102,848
- Reserves -€65,376
down €65,376 (-23.4%), from €279,060 to €213,685
of which Distributable reserves: -€65,376
- Trade debts -€35,604
down €35,604 (-43.5%), from €81,763 to €46,159
- Tax, wage and social debts -€30,040
down €30,040 (-80.4%), from €37,370 to €7,330
- Debts after one year -€16,657
down €16,657 (-51.1%), from €32,576 to €15,918
- Gross operating margin -€54,557
down €54,557 (-29.6%), from €184,337 to €129,779
- Taxes -€16,928
down €16,928 (-43.6%), from €38,790 to €21,863
- Financial charges +€3,480
up €3,480 (+115%), from €3,025 to €6,506
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €465,318 | €421,198 | -€44,120 | -9.5% |
| Fixed assets | 21/28 | €64,465 | €48,929 | -€15,536 | -24.1% |
| Tangible fixed assets | 22/27 | €64,465 | €48,929 | -€15,536 | -24.1% |
| Plant, machinery and equipment | 23 | €10,094 | €8,429 | -€1,664 | -16.5% |
| Furniture and vehicles | 24 | €3,858 | €6,337 | +€2,479 | +64.2% |
| Leasing and similar rights | 25 | €46,980 | €31,058 | -€15,922 | -33.9% |
| Other tangible fixed assets | 26 | €3,534 | €3,105 | -€429 | -12.1% |
| Current assets | 29/58 | €400,853 | €372,269 | -€28,584 | -7.1% |
| Stocks and contracts in progress | 3 | €65,770 | €158,580 | +€92,810 | +141% |
| Stocks | 30/36 | €65,770 | €158,580 | +€92,810 | +141% |
| Amounts receivable within one year | 40/41 | €150,863 | €70,618 | -€80,245 | -53.2% |
| Trade receivables | 40 | €125,837 | €60,120 | -€65,717 | -52.2% |
| Other amounts receivable | 41 | €25,026 | €10,498 | -€14,528 | -58.1% |
| Current investments | 50/53 | €44,000 | - | -€44,000 | |
| Cash at bank and in hand | 54/58 | €131,602 | €135,099 | +€3,498 | +2.7% |
| Deferred charges and accrued income | 490/1 | €8,618 | €7,972 | -€646 | -7.5% |
| Total equity and liabilities | 10/49 | €465,318 | €421,198 | -€44,120 | -9.5% |
| Equity | 10/15 | €297,660 | €232,285 | -€65,376 | -22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €279,060 | €213,685 | -€65,376 | -23.4% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €194,860 | €129,485 | -€65,376 | -33.5% |
| Amounts payable | 17/49 | €167,658 | €188,913 | +€21,256 | +12.7% |
| Amounts payable after more than one year | 17 | €32,576 | €15,918 | -€16,657 | -51.1% |
| Financial debts | 170/4 | €32,576 | €15,918 | -€16,657 | -51.1% |
| Amounts payable within one year | 42/48 | €135,082 | €172,995 | +€37,913 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €15,949 | €16,657 | +€708 | +4.4% |
| Trade debts | 44 | €81,763 | €46,159 | -€35,604 | -43.5% |
| Suppliers | 440/4 | €81,763 | €46,159 | -€35,604 | -43.5% |
| Taxes, remuneration and social security | 45 | €37,370 | €7,330 | -€30,040 | -80.4% |
| Taxes | 450/3 | €37,370 | €7,330 | -€30,040 | -80.4% |
| Other amounts payable | 47/48 | - | €102,848 | +€102,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,498 | €20,546 | +€48 | +0.2% |
| Other operating charges | 640/8 | €3,749 | €4,039 | +€291 | +7.8% |
| Gross operating margin | 9900 | €184,337 | €129,779 | -€54,557 | -29.6% |
| Operating profit (loss) | 9901 | €160,090 | €105,194 | -€54,897 | -34.3% |
| Financial income | 75/76B | €8,160 | €7,799 | -€361 | -4.4% |
| Recurring financial income | 75 | €8,160 | €7,799 | -€361 | -4.4% |
| Financial charges | 65/66B | €3,025 | €6,506 | +€3,480 | +115% |
| Recurring financial charges | 65 | €3,025 | €6,506 | +€3,480 | +115% |
| Profit (loss) for the period before taxes | 9903 | €165,225 | €106,487 | -€58,738 | -35.6% |
| Income taxes | 67/77 | €38,790 | €21,863 | -€16,928 | -43.6% |
| Profit (loss) for the period | 9904 | €126,435 | €84,624 | -€41,811 | -33.1% |
| Transfer to tax-exempt reserves | 689 | €31,575 | - | -€31,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,860 | €84,624 | -€10,236 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.