Zwerversgrond: 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.
Zwerversgrond
Largest movements
- Current investments -€439,573
down €439,573 (-87.5%), from €502,298 to €62,725
- Cash +€431,307
up €431,307 (+39,068%), from €1,104 to €432,411
mainly Current investments (+€439,573) and Net result for the year (+€117,427)
- Receivables within one year +€24,236
up €24,236 (+78.1%), from €31,038 to €55,274
of which Other amounts receivable: +€23,538
- Tangible fixed assets -€10,614
down €10,614 (-20.8%), from €51,047 to €40,433
of which Furniture and vehicles: -€6,575
- Reserves +€32,533
up €32,533 (+6.1%), from €529,836 to €562,369
of which Distributable reserves: +€32,533
- Debts after one year -€13,912
down €13,912 (-95.6%), from €14,559 to €647
- Current portion of long-term debt -€10,054
down €10,054 (-42.0%), from €23,966 to €13,912
- Tax, wage and social debts -€8,549
down €8,549 (-61.2%), from €13,959 to €5,410
of which Taxes: -€8,574
- Gross operating margin -€26,033
down €26,033 (-11.4%), from €228,463 to €202,430
- Financial charges -€11,552
down €11,552 (-25.8%), from €44,697 to €33,145
- Financial income +€9,502
up €9,502 (+185%), from €5,127 to €14,629
- Depreciation -€3,659
down €3,659 (-23.8%), from €15,346 to €11,687
- Taxes +€2,466
up €2,466 (+4.9%), from €50,630 to €53,096
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 | €589,812 | €591,313 | +€1,501 | +0.3% |
| Fixed assets | 21/28 | €51,047 | €40,433 | -€10,614 | -20.8% |
| Tangible fixed assets | 22/27 | €51,047 | €40,433 | -€10,614 | -20.8% |
| Furniture and vehicles | 24 | €15,400 | €8,825 | -€6,575 | -42.7% |
| Other tangible fixed assets | 26 | €35,647 | €31,608 | -€4,039 | -11.3% |
| Current assets | 29/58 | €538,765 | €550,880 | +€12,115 | +2.2% |
| Amounts receivable within one year | 40/41 | €31,038 | €55,274 | +€24,236 | +78.1% |
| Trade receivables | 40 | €18,686 | €19,384 | +€698 | +3.7% |
| Other amounts receivable | 41 | €12,352 | €35,890 | +€23,538 | +191% |
| Current investments | 50/53 | €502,298 | €62,725 | -€439,573 | -87.5% |
| Cash at bank and in hand | 54/58 | €1,104 | €432,411 | +€431,307 | +39,068% |
| Deferred charges and accrued income | 490/1 | €4,325 | €470 | -€3,855 | -89.1% |
| Total equity and liabilities | 10/49 | €589,812 | €591,313 | +€1,501 | +0.3% |
| Equity | 10/15 | €536,036 | €568,569 | +€32,533 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €529,836 | €562,369 | +€32,533 | +6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,238 | €6,238 | = | 0.0% |
| Distributable reserves | 133 | €521,738 | €554,271 | +€32,533 | +6.2% |
| Amounts payable | 17/49 | €53,776 | €22,744 | -€31,032 | -57.7% |
| Amounts payable after more than one year | 17 | €14,559 | €647 | -€13,912 | -95.6% |
| Financial debts | 170/4 | €14,559 | €647 | -€13,912 | -95.6% |
| Amounts payable within one year | 42/48 | €39,217 | €22,097 | -€17,120 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €23,966 | €13,912 | -€10,054 | -42.0% |
| Trade debts | 44 | €1,292 | €2,775 | +€1,483 | +115% |
| Suppliers | 440/4 | €1,292 | €2,775 | +€1,483 | +115% |
| Taxes, remuneration and social security | 45 | €13,959 | €5,410 | -€8,549 | -61.2% |
| Taxes | 450/3 | €11,469 | €2,895 | -€8,574 | -74.8% |
| Remuneration and social security | 454/9 | €2,490 | €2,515 | +€25 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,346 | €11,687 | -€3,659 | -23.8% |
| Other operating charges | 640/8 | €1,787 | €1,704 | -€83 | -4.6% |
| Gross operating margin | 9900 | €228,463 | €202,430 | -€26,033 | -11.4% |
| Operating profit (loss) | 9901 | €211,330 | €189,039 | -€22,291 | -10.5% |
| Financial income | 75/76B | €5,127 | €14,629 | +€9,502 | +185% |
| Recurring financial income | 75 | €5,127 | €14,629 | +€9,502 | +185% |
| Financial charges | 65/66B | €44,697 | €33,145 | -€11,552 | -25.8% |
| Recurring financial charges | 65 | €44,697 | €33,145 | -€11,552 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €171,760 | €170,523 | -€1,237 | -0.7% |
| Income taxes | 67/77 | €50,630 | €53,096 | +€2,466 | +4.9% |
| Profit (loss) for the period | 9904 | €121,130 | €117,427 | -€3,703 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,130 | €117,427 | -€3,703 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.