All Z: 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.
All Z
Largest movements
- Receivables within one year -€7,379
down €7,379 (-20.8%), from €35,453 to €28,073
of which Trade receivables: -€7,672
- Cash -€6,983
down €6,983 (-75.6%), from €9,242 to €2,259
mainly Trade debts (-€15,828) and Investment in fixed assets (net) (-€5,833)
- Tangible fixed assets +€1,587
up €1,587 (+34.4%), from €4,610 to €6,197
of which Furniture and vehicles: +€4,355
- Trade debts -€15,828
down €15,828 (-55.6%), from €28,442 to €12,614
- Profit (loss) carried forward +€5,614
up €5,614 (+47.4%), from -€11,846 to -€6,232
- Other debts -€1,454
down €1,454 (-6.3%), from €23,208 to €21,754
- Tax, wage and social debts -€916
down €916 (-59.5%), from €1,540 to €624
of which Taxes: -€1,416
- Gross operating margin +€5,263
up €5,263 (+89.1%), from €5,905 to €11,168
- Other operating charges -€637
down €637 (-36.0%), from €1,767 to €1,130
- Depreciation -€377
down €377 (-8.2%), from €4,623 to €4,246
- Financial charges -€208
down €208 (-53.9%), from €386 to €178
- Taxes -€124
no longer reported in 2025 (was €124)
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 | €49,405 | €36,821 | -€12,584 | -25.5% |
| Fixed assets | 21/28 | €4,710 | €6,297 | +€1,587 | +33.7% |
| Tangible fixed assets | 22/27 | €4,610 | €6,197 | +€1,587 | +34.4% |
| Land and buildings | 22 | €555 | - | -€555 | |
| Plant, machinery and equipment | 23 | €3,675 | €1,461 | -€2,213 | -60.2% |
| Furniture and vehicles | 24 | €380 | €4,735 | +€4,355 | +1,145% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €44,695 | €30,524 | -€14,170 | -31.7% |
| Amounts receivable within one year | 40/41 | €35,453 | €28,073 | -€7,379 | -20.8% |
| Trade receivables | 40 | €35,453 | €27,780 | -€7,672 | -21.6% |
| Other amounts receivable | 41 | - | €293 | +€293 | |
| Cash at bank and in hand | 54/58 | €9,242 | €2,259 | -€6,983 | -75.6% |
| Deferred charges and accrued income | 490/1 | - | €191 | +€191 | |
| Total equity and liabilities | 10/49 | €49,405 | €36,821 | -€12,584 | -25.5% |
| Equity | 10/15 | -€3,786 | €1,828 | +€5,614 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,846 | -€6,232 | +€5,614 | +47.4% |
| Amounts payable | 17/49 | €53,191 | €34,993 | -€18,198 | -34.2% |
| Amounts payable within one year | 42/48 | €53,191 | €34,993 | -€18,198 | -34.2% |
| Trade debts | 44 | €28,442 | €12,614 | -€15,828 | -55.6% |
| Suppliers | 440/4 | €28,442 | €12,614 | -€15,828 | -55.6% |
| Taxes, remuneration and social security | 45 | €1,540 | €624 | -€916 | -59.5% |
| Taxes | 450/3 | €1,540 | €124 | -€1,416 | -91.9% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €23,208 | €21,754 | -€1,454 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,623 | €4,246 | -€377 | -8.2% |
| Other operating charges | 640/8 | €1,767 | €1,130 | -€637 | -36.0% |
| Gross operating margin | 9900 | €5,905 | €11,168 | +€5,263 | +89.1% |
| Operating profit (loss) | 9901 | -€485 | €5,792 | +€6,277 | |
| Financial charges | 65/66B | €386 | €178 | -€208 | -53.9% |
| Recurring financial charges | 65 | €386 | €178 | -€208 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€871 | €5,614 | +€6,485 | |
| Income taxes | 67/77 | €124 | - | -€124 | |
| Profit (loss) for the period | 9904 | -€995 | €5,614 | +€6,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€995 | €5,614 | +€6,609 |
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 25 October 2026 via checked.be.