ZWYNLAND: 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.
ZWYNLAND
Largest movements
- Current investments -€9,978
down €9,978 (-33.4%), from €29,912 to €19,934
- Cash -€6,972
down €6,972 (-48.6%), from €14,334 to €7,362
mainly Net result for the year (-€18,853) and Investment in fixed assets (net) (-€18,487)
- Tangible fixed assets +€6,375
up €6,375 (+1.2%), from €516,314 to €522,689
of which Land and buildings: +€6,375
- Profit (loss) carried forward -€12,449
down €12,449 (-619%), from -€2,010 to -€14,459
- Reserves -€6,404
down €6,404 (-1.3%), from €496,050 to €489,646
of which Tax-exempt reserves: -€6,404
- Gross operating margin -€19,779
down €19,779 (-94.3%), from €20,965 to €1,186
- Depreciation -€8,671
down €8,671 (-41.7%), from €20,783 to €12,112
- Other operating charges -€313
down €313 (-3.7%), from €8,415 to €8,102
- Financial income +€252
up €252 (+146%), from €173 to €425
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 | €562,827 | €551,690 | -€11,137 | -2.0% |
| Fixed assets | 21/28 | €516,314 | €522,689 | +€6,375 | +1.2% |
| Tangible fixed assets | 22/27 | €516,314 | €522,689 | +€6,375 | +1.2% |
| Land and buildings | 22 | €515,910 | €522,285 | +€6,375 | +1.2% |
| Furniture and vehicles | 24 | €404 | €404 | = | 0.0% |
| Current assets | 29/58 | €46,513 | €29,001 | -€17,512 | -37.6% |
| Amounts receivable after more than one year | 29 | €52 | - | -€52 | |
| Other amounts receivable | 291 | €52 | - | -€52 | |
| Amounts receivable within one year | 40/41 | - | €180 | +€180 | |
| Other amounts receivable | 41 | - | €180 | +€180 | |
| Current investments | 50/53 | €29,912 | €19,934 | -€9,978 | -33.4% |
| Cash at bank and in hand | 54/58 | €14,334 | €7,362 | -€6,972 | -48.6% |
| Deferred charges and accrued income | 490/1 | €2,215 | €1,525 | -€690 | -31.2% |
| Total equity and liabilities | 10/49 | €562,827 | €551,690 | -€11,137 | -2.0% |
| Equity | 10/15 | €555,540 | €536,687 | -€18,853 | -3.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €496,050 | €489,646 | -€6,404 | -1.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,036 | €57,632 | -€6,404 | -10.0% |
| Distributable reserves | 133 | €425,864 | €425,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,010 | -€14,459 | -€12,449 | -619% |
| Amounts payable | 17/49 | €7,287 | €15,003 | +€7,716 | +106% |
| Amounts payable within one year | 42/48 | €6,329 | €13,160 | +€6,831 | +108% |
| Trade debts | 44 | €1,587 | €6,110 | +€4,523 | +285% |
| Suppliers | 440/4 | €1,587 | €6,110 | +€4,523 | +285% |
| Taxes, remuneration and social security | 45 | €4,742 | €7,050 | +€2,308 | +48.7% |
| Taxes | 450/3 | €4,742 | €3,750 | -€992 | -20.9% |
| Remuneration and social security | 454/9 | - | €3,300 | +€3,300 | |
| Accrued charges and deferred income | 492/3 | €958 | €1,843 | +€885 | +92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,783 | €12,112 | -€8,671 | -41.7% |
| Other operating charges | 640/8 | €8,415 | €8,102 | -€313 | -3.7% |
| Gross operating margin | 9900 | €20,965 | €1,186 | -€19,779 | -94.3% |
| Operating profit (loss) | 9901 | -€8,233 | -€19,028 | -€10,795 | -131% |
| Financial income | 75/76B | €173 | €425 | +€252 | +146% |
| Recurring financial income | 75 | €173 | €425 | +€252 | +146% |
| Financial charges | 65/66B | €354 | €250 | -€104 | -29.4% |
| Recurring financial charges | 65 | €354 | €250 | -€104 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,414 | -€18,853 | -€10,439 | -124% |
| Profit (loss) for the period | 9904 | -€8,414 | -€18,853 | -€10,439 | -124% |
| Transfer from tax-exempt reserves | 789 | €6,404 | €6,404 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,010 | -€12,449 | -€10,439 | -519% |
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 31 October 2026 via checked.be.