BZK CONCEPT: what changed
Two fiscal 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.
BZK CONCEPT
Largest movements
- Cash +€67,503
up €67,503 (+818.9%), from €8,243 to €75,746
mainly Tax, wage and social debts (+€67,531) and Net result for the year (+€56,288)
- Stocks and contracts +€58,686
new in 2025: €58,686
- Receivables within one year +€8,721
up €8,721 (+57.4%), from €15,202 to €23,923
of which Trade receivables: +€9,032
- Tangible fixed assets +€5,298
new in 2025: €5,298
of which Other tangible fixed assets: +€4,743
- Intangible fixed assets +€3,551
new in 2025: €3,551
- Tax, wage and social debts +€67,531
up €67,531 (+1194.2%), from €5,655 to €73,186
of which Taxes: +€55,792
- Profit (loss) carried forward +€56,288
up €56,288 (+1029.4%), from €5,468 to €61,756
- Trade debts +€20,274
up €20,274 (+555.1%), from €3,652 to €23,926
- Gross operating margin +€129,498
up €129,498 (+847.2%), from €15,286 to €144,785
- Staff costs +€54,062
up €54,062 (+2364.4%), from €2,287 to €56,349
- Taxes +€13,112
up €13,112 (+413.7%), from €3,170 to €16,282
- Financial charges +€12,243
up €12,243 (+759.1%), from €1,613 to €13,855
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.
Cash bridge derived
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 | €23,445 | €167,962 | +€144,517 | +616.4% |
| Fixed assets | 21/28 | - | €8,850 | +€8,850 | |
| Intangible fixed assets | 21 | - | €3,551 | +€3,551 | |
| Tangible fixed assets | 22/27 | - | €5,298 | +€5,298 | |
| Furniture and vehicles | 24 | - | €555 | +€555 | |
| Other tangible fixed assets | 26 | - | €4,743 | +€4,743 | |
| Current assets | 29/58 | €23,445 | €159,113 | +€135,668 | +578.7% |
| Stocks and contracts in progress | 3 | - | €58,686 | +€58,686 | |
| Stocks | 30/36 | - | €58,686 | +€58,686 | |
| Amounts receivable within one year | 40/41 | €15,202 | €23,923 | +€8,721 | +57.4% |
| Trade receivables | 40 | €2,228 | €11,261 | +€9,032 | +405.4% |
| Other amounts receivable | 41 | €12,974 | €12,662 | -€312 | -2.4% |
| Cash at bank and in hand | 54/58 | €8,243 | €75,746 | +€67,503 | +818.9% |
| Deferred charges and accrued income | 490/1 | - | €758 | +€758 | |
| Total equity and liabilities | 10/49 | €23,445 | €167,962 | +€144,517 | +616.4% |
| Equity | 10/15 | €10,468 | €66,756 | +€56,288 | +537.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,468 | €61,756 | +€56,288 | +1029.4% |
| Amounts payable | 17/49 | €12,977 | €101,206 | +€88,229 | +679.9% |
| Amounts payable within one year | 42/48 | €9,307 | €97,113 | +€87,805 | +943.4% |
| Trade debts | 44 | €3,652 | €23,926 | +€20,274 | +555.1% |
| Suppliers | 440/4 | €3,652 | €23,926 | +€20,274 | +555.1% |
| Taxes, remuneration and social security | 45 | €5,655 | €73,186 | +€67,531 | +1194.2% |
| Taxes | 450/3 | €3,728 | €59,519 | +€55,792 | +1496.6% |
| Remuneration and social security | 454/9 | €1,927 | €13,667 | +€11,740 | +609.1% |
| Accrued charges and deferred income | 492/3 | €3,670 | €4,094 | +€424 | +11.5% |
| Remuneration, social security and pensions | 62 | €2,287 | €56,349 | +€54,062 | +2364.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €845 | +€845 | |
| Other operating charges | 640/8 | €2,750 | €1,362 | -€1,388 | -50.5% |
| Gross operating margin | 9900 | €15,286 | €144,785 | +€129,498 | +847.2% |
| Operating profit (loss) | 9901 | €10,250 | €86,229 | +€75,979 | +741.3% |
| Financial income | 75/76B | - | €196 | +€196 | |
| Recurring financial income | 75 | - | €196 | +€196 | |
| Financial charges | 65/66B | €1,613 | €13,855 | +€12,243 | +759.1% |
| Recurring financial charges | 65 | €1,613 | €13,855 | +€12,243 | +759.1% |
| Profit (loss) for the period before taxes | 9903 | €8,637 | €72,570 | +€63,933 | +740.2% |
| Income taxes | 67/77 | €3,170 | €16,282 | +€13,112 | +413.7% |
| Profit (loss) for the period | 9904 | €5,468 | €56,288 | +€50,821 | +929.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,468 | €56,288 | +€50,821 | +929.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.