BZK Express: 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.
BZK Express
Largest movements
- Intangible fixed assets +€32,084
new in 2025: €32,084
- Tangible fixed assets -€2,422
down €2,422 (-28.9%), from €8,384 to €5,962
- Deferred charges and accrued income +€2,303
new in 2025: €2,303
- Receivables within one year -€1,083
down €1,083 (-27.7%), from €3,909 to €2,826
of which Trade receivables: -€850
- Cash -€667
down €667 (-12.7%), from €5,246 to €4,579
mainly Investment in fixed assets (net) (-€34,420) and Deferred charges and accrued income (-€2,303)
- Other debts +€23,864
up €23,864 (+194.7%), from €12,258 to €36,122
- Tax, wage and social debts +€3,261
up €3,261 (+362.3%), from €900 to €4,161
of which Remuneration and social security: +€2,339
- Trade debts +€1,937
up €1,937 (+125.7%), from €1,541 to €3,478
- Profit (loss) carried forward +€1,153
up €1,153 (+40.6%), from €2,840 to €3,993
- Depreciation +€1,884
up €1,884 (+65.6%), from €2,874 to €4,758
- Other operating charges +€445
up €445 (+54.1%), from €823 to €1,268
- Gross operating margin -€164
down €164 (-1.7%), from €9,882 to €9,718
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 | €17,539 | €47,754 | +€30,215 | +172.3% |
| Fixed assets | 21/28 | €8,384 | €38,046 | +€29,662 | +353.8% |
| Intangible fixed assets | 21 | - | €32,084 | +€32,084 | |
| Tangible fixed assets | 22/27 | €8,384 | €5,962 | -€2,422 | -28.9% |
| Furniture and vehicles | 24 | €8,384 | €5,962 | -€2,422 | -28.9% |
| Current assets | 29/58 | €9,155 | €9,708 | +€553 | +6.0% |
| Amounts receivable within one year | 40/41 | €3,909 | €2,826 | -€1,083 | -27.7% |
| Trade receivables | 40 | €3,521 | €2,671 | -€850 | -24.1% |
| Other amounts receivable | 41 | €388 | €155 | -€233 | -60.1% |
| Cash at bank and in hand | 54/58 | €5,246 | €4,579 | -€667 | -12.7% |
| Deferred charges and accrued income | 490/1 | - | €2,303 | +€2,303 | |
| Total equity and liabilities | 10/49 | €17,539 | €47,754 | +€30,215 | +172.3% |
| Equity | 10/15 | €2,840 | €3,993 | +€1,153 | +40.6% |
| Profit (loss) carried forward | 14 | €2,840 | €3,993 | +€1,153 | +40.6% |
| Amounts payable | 17/49 | €14,699 | €43,761 | +€29,062 | +197.7% |
| Amounts payable within one year | 42/48 | €14,699 | €43,761 | +€29,062 | +197.7% |
| Trade debts | 44 | €1,541 | €3,478 | +€1,937 | +125.7% |
| Suppliers | 440/4 | €1,541 | €3,478 | +€1,937 | +125.7% |
| Taxes, remuneration and social security | 45 | €900 | €4,161 | +€3,261 | +362.3% |
| Taxes | 450/3 | €900 | €1,822 | +€922 | +102.4% |
| Remuneration and social security | 454/9 | - | €2,339 | +€2,339 | |
| Other amounts payable | 47/48 | €12,258 | €36,122 | +€23,864 | +194.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,874 | €4,758 | +€1,884 | +65.6% |
| Other operating charges | 640/8 | €823 | €1,268 | +€445 | +54.1% |
| Non-recurring operating charges | 66A | - | €1,333 | +€1,333 | |
| Gross operating margin | 9900 | €9,882 | €9,718 | -€164 | -1.7% |
| Operating profit (loss) | 9901 | €6,185 | €2,359 | -€3,826 | -61.9% |
| Financial charges | 65/66B | €244 | €284 | +€40 | +16.4% |
| Recurring financial charges | 65 | €244 | €284 | +€40 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €5,941 | €2,075 | -€3,866 | -65.1% |
| Income taxes | 67/77 | €900 | €922 | +€22 | +2.4% |
| Profit (loss) for the period | 9904 | €5,041 | €1,153 | -€3,888 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,041 | €1,153 | -€3,888 | -77.1% |
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 10 October 2026 via checked.be.