1ZA9: 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.
1ZA9
Largest movements
- Cash +€51,642
up €51,642 (+476%), from €10,845 to €62,486
mainly Debts after one year (+€66,968) and Receivables within one year (+€44,316)
- Receivables within one year -€44,316
down €44,316 (-63.7%), from €69,525 to €25,209
of which Trade receivables: -€37,804
- Tangible fixed assets +€34,509
up €34,509 (+8.9%), from €386,562 to €421,071
of which Land and buildings: +€39,490
- Debts after one year +€66,968
up €66,968 (+17.5%), from €383,693 to €450,661
- Trade debts -€32,057
down €32,057 (-58.7%), from €54,613 to €22,556
- Gross operating margin +€10,139
up €10,139 (+23.4%), from €43,364 to €53,503
- Depreciation +€5,934
up €5,934 (+15.5%), from €38,190 to €44,124
- Financial charges +€949
up €949 (+232%), from €409 to €1,358
- Other operating charges -€654
down €654 (-18.2%), from €3,582 to €2,929
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 | €493,017 | €537,874 | +€44,857 | +9.1% |
| Fixed assets | 21/28 | €386,562 | €421,071 | +€34,509 | +8.9% |
| Tangible fixed assets | 22/27 | €386,562 | €421,071 | +€34,509 | +8.9% |
| Land and buildings | 22 | €292,020 | €331,509 | +€39,490 | +13.5% |
| Plant, machinery and equipment | 23 | €80,943 | €69,752 | -€11,191 | -13.8% |
| Furniture and vehicles | 24 | €13,599 | €14,259 | +€661 | +4.9% |
| Assets under construction and advance payments | 27 | - | €5,550 | +€5,550 | |
| Current assets | 29/58 | €106,455 | €116,803 | +€10,347 | +9.7% |
| Stocks and contracts in progress | 3 | €24,867 | €24,867 | = | 0.0% |
| Stocks | 30/36 | €24,867 | €24,867 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,525 | €25,209 | -€44,316 | -63.7% |
| Trade receivables | 40 | €62,993 | €25,190 | -€37,804 | -60.0% |
| Other amounts receivable | 41 | €6,532 | €20 | -€6,513 | -99.7% |
| Cash at bank and in hand | 54/58 | €10,845 | €62,486 | +€51,642 | +476% |
| Deferred charges and accrued income | 490/1 | €1,218 | €4,240 | +€3,022 | +248% |
| Total equity and liabilities | 10/49 | €493,017 | €537,874 | +€44,857 | +9.1% |
| Equity | 10/15 | €41,033 | €46,203 | +€5,170 | +12.6% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,567 | -€47,397 | +€5,170 | +9.8% |
| Amounts payable | 17/49 | €451,984 | €491,671 | +€39,687 | +8.8% |
| Amounts payable after more than one year | 17 | €383,693 | €450,661 | +€66,968 | +17.5% |
| Other amounts payable | 178/9 | €383,693 | €450,661 | +€66,968 | +17.5% |
| Amounts payable within one year | 42/48 | €56,113 | €23,676 | -€32,437 | -57.8% |
| Trade debts | 44 | €54,613 | €22,556 | -€32,057 | -58.7% |
| Suppliers | 440/4 | €54,613 | €22,556 | -€32,057 | -58.7% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,120 | -€380 | -25.3% |
| Taxes | 450/3 | - | €1,120 | +€1,120 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Accrued charges and deferred income | 492/3 | €12,179 | €17,334 | +€5,156 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,190 | €44,124 | +€5,934 | +15.5% |
| Other operating charges | 640/8 | €3,582 | €2,929 | -€654 | -18.2% |
| Gross operating margin | 9900 | €43,364 | €53,503 | +€10,139 | +23.4% |
| Operating profit (loss) | 9901 | €1,592 | €6,451 | +€4,859 | +305% |
| Financial income | 75/76B | €0 | €77 | +€77 | +27,371% |
| Recurring financial income | 75 | €0 | €77 | +€77 | +27,371% |
| Financial charges | 65/66B | €409 | €1,358 | +€949 | +232% |
| Recurring financial charges | 65 | €409 | €1,358 | +€949 | +232% |
| Profit (loss) for the period before taxes | 9903 | €1,183 | €5,170 | +€3,986 | +337% |
| Profit (loss) for the period | 9904 | €1,183 | €5,170 | +€3,986 | +337% |
| Profit (loss) for the period to be appropriated | 9905 | €1,183 | €5,170 | +€3,986 | +337% |
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 15 October 2026 via checked.be.