BZN: 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.
BZN
Largest movements
- Receivables within one year +€16,759
up €16,759 (+690.1%), from €2,429 to €19,188
- Cash -€1,327
down €1,327 (-72.9%), from €1,819 to €493
mainly Receivables within one year (-€16,759) and Other debts (-€2,997)
- Tangible fixed assets -€1,134
no longer reported in 2025 (was €1,134)
- Profit (loss) carried forward +€9,053
no longer reported in 2025 (was -€9,053)
- Reserves +€8,318
new in 2025: €8,318
- Other debts -€2,997
no longer reported in 2025 (was €2,997)
- Trade debts -€1,438
no longer reported in 2025 (was €1,438)
- Tax, wage and social debts +€1,363
new in 2025: €1,363
- Gross operating margin +€18,373
up €18,373 (+993.3%), from €1,850 to €20,222
- Taxes +€1,363
new in 2025: €1,363
- Other operating charges -€1,356
down €1,356 (-76.0%), from €1,785 to €429
- Depreciation -€252
down €252 (-41.9%), from €600 to €348
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 | €5,382 | €19,680 | +€14,298 | +265.7% |
| Fixed assets | 21/28 | €1,134 | - | -€1,134 | |
| Tangible fixed assets | 22/27 | €1,134 | - | -€1,134 | |
| Furniture and vehicles | 24 | €1,134 | - | -€1,134 | |
| Current assets | 29/58 | €4,248 | €19,680 | +€15,433 | +363.3% |
| Amounts receivable within one year | 40/41 | €2,429 | €19,188 | +€16,759 | +690.1% |
| Other amounts receivable | 41 | €2,429 | €19,188 | +€16,759 | +690.1% |
| Cash at bank and in hand | 54/58 | €1,819 | €493 | -€1,327 | -72.9% |
| Total equity and liabilities | 10/49 | €5,382 | €19,680 | +€14,298 | +265.7% |
| Equity | 10/15 | €947 | €18,318 | +€17,371 | +1835.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €8,318 | +€8,318 | |
| Distributable reserves | 133 | - | €8,318 | +€8,318 | |
| Profit (loss) carried forward | 14 | -€9,053 | - | +€9,053 | |
| Amounts payable | 17/49 | €4,435 | €1,363 | -€3,073 | -69.3% |
| Amounts payable within one year | 42/48 | €4,435 | €1,363 | -€3,073 | -69.3% |
| Trade debts | 44 | €1,438 | - | -€1,438 | |
| Suppliers | 440/4 | €1,438 | - | -€1,438 | |
| Taxes, remuneration and social security | 45 | - | €1,363 | +€1,363 | |
| Taxes | 450/3 | - | €1,363 | +€1,363 | |
| Other amounts payable | 47/48 | €2,997 | - | -€2,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €348 | -€252 | -41.9% |
| Other operating charges | 640/8 | €1,785 | €429 | -€1,356 | -76.0% |
| Non-recurring operating charges | 66A | - | €786 | +€786 | |
| Gross operating margin | 9900 | €1,850 | €20,222 | +€18,373 | +993.3% |
| Operating profit (loss) | 9901 | -€535 | €18,659 | +€19,195 | |
| Financial income | 75/76B | - | €82 | +€82 | |
| Recurring financial income | 75 | - | €82 | +€82 | |
| Financial charges | 65/66B | €42 | €8 | -€35 | -82.1% |
| Recurring financial charges | 65 | €42 | €8 | -€35 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | -€577 | €18,734 | +€19,311 | |
| Income taxes | 67/77 | - | €1,363 | +€1,363 | |
| Profit (loss) for the period | 9904 | -€577 | €17,371 | +€17,948 | |
| Profit (loss) for the period to be appropriated | 9905 | -€577 | €17,371 | +€17,948 |
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 1 October 2026 via checked.be.