DE-ZI: 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.
DE-ZI
Largest movements
- Receivables within one year +€128,424
up €128,424 (+159.1%), from €80,738 to €209,162
of which Other amounts receivable: +€169,606
- Cash +€67,346
up €67,346 (+38.0%), from €177,416 to €244,762
- Tangible fixed assets +€37,657
up €37,657 (+109.1%), from €34,523 to €72,179
- Other debts +€100,000
new in 2025: €100,000
- Tax, wage and social debts +€93,687
up €93,687 (+165.2%), from €56,725 to €150,412
of which Taxes: +€51,253
- Debts after one year +€27,419
up €27,419 (+112.1%), from €24,462 to €51,881
- Current portion of long-term debt +€8,189
up €8,189 (+44.6%), from €18,358 to €26,546
- Trade debts +€5,904
up €5,904 (+42.9%), from €13,759 to €19,662
- Turnover +€450,252
up €450,252 (+40.5%), from €1.1m to €1.6m
- Gross operating margin +€240,600
up €240,600 (+71.8%), from €335,053 to €575,653
- Purchases and services +€219,381
up €219,381 (+28.2%), from €777,556 to €996,937
- Staff costs +€81,733
up €81,733 (+29.4%), from €277,926 to €359,659
- Taxes +€32,134
up €32,134 (+375.4%), from €8,560 to €40,694
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,552 | €527,979 | +€233,427 | +79.2% |
| Fixed assets | 21/28 | €36,398 | €74,054 | +€37,657 | +103.5% |
| Tangible fixed assets | 22/27 | €34,523 | €72,179 | +€37,657 | +109.1% |
| Furniture and vehicles | 24 | €34,523 | €72,179 | +€37,657 | +109.1% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €258,154 | €453,924 | +€195,770 | +75.8% |
| Amounts receivable within one year | 40/41 | €80,738 | €209,162 | +€128,424 | +159.1% |
| Trade receivables | 40 | €54,960 | €13,778 | -€41,182 | -74.9% |
| Other amounts receivable | 41 | €25,777 | €195,383 | +€169,606 | +658.0% |
| Cash at bank and in hand | 54/58 | €177,416 | €244,762 | +€67,346 | +38.0% |
| Total equity and liabilities | 10/49 | €294,552 | €527,979 | +€233,427 | +79.2% |
| Equity | 10/15 | €181,248 | €179,477 | -€1,771 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 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% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,788 | €129,017 | -€1,771 | -1.4% |
| Amounts payable | 17/49 | €113,303 | €348,501 | +€235,198 | +207.6% |
| Amounts payable after more than one year | 17 | €24,462 | €51,881 | +€27,419 | +112.1% |
| Financial debts | 170/4 | €24,462 | €51,881 | +€27,419 | +112.1% |
| Amounts payable within one year | 42/48 | €88,841 | €296,621 | +€207,780 | +233.9% |
| Current portion of amounts payable after more than one year | 42 | €18,358 | €26,546 | +€8,189 | +44.6% |
| Trade debts | 44 | €13,759 | €19,662 | +€5,904 | +42.9% |
| Suppliers | 440/4 | €13,759 | €19,662 | +€5,904 | +42.9% |
| Taxes, remuneration and social security | 45 | €56,725 | €150,412 | +€93,687 | +165.2% |
| Taxes | 450/3 | €34,357 | €85,610 | +€51,253 | +149.2% |
| Remuneration and social security | 454/9 | €22,368 | €64,802 | +€42,434 | +189.7% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Turnover | 70 | €1,112,609 | €1,562,861 | +€450,252 | +40.5% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €777,556 | €996,937 | +€219,381 | +28.2% |
| Remuneration, social security and pensions | 62 | €277,926 | €359,659 | +€81,733 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,067 | €22,755 | -€1,312 | -5.5% |
| Other operating charges | 640/8 | €3,719 | €6,401 | +€2,682 | +72.1% |
| Non-recurring operating charges | 66A | €1,380 | €1,984 | +€604 | +43.8% |
| Gross operating margin | 9900 | €335,053 | €575,653 | +€240,600 | +71.8% |
| Operating profit (loss) | 9901 | €27,961 | €184,854 | +€156,893 | +561.1% |
| Financial income | 75/76B | €30 | €0 | -€30 | -98.8% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -98.8% |
| Non-recurring financial income | 76B | €30 | - | -€30 | |
| Financial charges | 65/66B | €1,160 | €3,075 | +€1,915 | +165.2% |
| Recurring financial charges | 65 | €1,160 | €3,075 | +€1,915 | +165.2% |
| Profit (loss) for the period before taxes | 9903 | €26,831 | €181,780 | +€154,948 | +577.5% |
| Income taxes | 67/77 | €8,560 | €40,694 | +€32,134 | +375.4% |
| Profit (loss) for the period | 9904 | €18,271 | €141,086 | +€122,815 | +672.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,271 | €141,086 | +€122,815 | +672.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.