DZP Group: what changed
What changed
DZP Group
NACE 46.496, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€882,761
2024 · €1.3m-€419,462
Equity
€3.0m
2024 · €2.6m+€482,761
Cash
€186,191
2024 · €134,701+€51,491
Balance sheet total
€5.1m
2024 · €5.8m-€719,905
Largest movements
Assets
- Receivables within one year -€609,967
down €609,967 (-29.2%), from €2.1m to €1.5m
of which Trade receivables: -€763,176
- Deferred charges and accrued income -€91,332
down €91,332 (-100%), from €91,332 to €0
- Stocks and contracts -€70,293
down €70,293 (-2.8%), from €2.5m to €2.4m
Equity and liabilities
- Reserves +€2.8m
up €2.8m (+1,486%), from €187,422 to €3.0m
of which Distributable reserves: +€2.8m
- Profit (loss) carried forward -€2.3m
down €2.3m (-100%), from €2.3m to €0
- Short-term financial debts -€801,016
down €801,016 (-89.3%), from €897,339 to €96,323
- Trade debts -€441,477
down €441,477 (-52.9%), from €834,655 to €393,178
- Current portion of long-term debt +€98,777
up €98,777 (+69.3%), from €142,438 to €241,215
Income statement
- Gross operating margin -€750,543
down €750,543 (-23.8%), from €3.1m to €2.4m
- Financial charges -€239,593
down €239,593 (-56.1%), from €426,723 to €187,130
- Taxes -€130,410
down €130,410 (-35.2%), from €370,684 to €240,274
- Staff costs +€70,987
up €70,987 (+7.4%), from €963,130 to €1.0m
- Financial income +€63,083
up €63,083 (+307%), from €20,520 to €83,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.3m
Gross operating margin
-€750,543
Staff costs
-€70,987
Depreciation
-€13,937
Other operating charges
-€299
Other operating items
-€16,782
Financial income
+€63,083
Financial charges
+€239,593
Taxes
+€130,410
Result 2025
€882,761
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€114,174
Financing
-€1.1m
Cash 2024
€134,701
From operations (derived)
+€1.2m
Net result for the year
+€882,761
Depreciation
+€113,977
Stocks and contracts
+€70,293
Receivables within one year
+€609,967
Deferred charges and accrued income
+€91,332
Trade debts
-€441,477
Tax, wage and social debts
+€68,242
Advances received
-€41,179
Other debts
-€84,264
Accrued charges and deferred income
-€20,748
Investment (derived)
-€114,174
Investment in fixed assets (net)
-€114,174
Financing
-€1.1m
Debts after one year
+€18,998
Current portion of long-term debt
+€98,777
Short-term financial debts
-€801,016
Contributions, distributions and other
-€400,000
Cash 2025
€186,191
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,777,679 | €5,057,774 | -€719,905 | -12.5% |
| Fixed assets | 21/28 | €979,914 | €980,110 | +€196 | 0.0% |
| Intangible fixed assets | 21 | €4,632 | €2,798 | -€1,834 | -39.6% |
| Tangible fixed assets | 22/27 | €975,182 | €977,213 | +€2,031 | +0.2% |
| Plant, machinery and equipment | 23 | €130,239 | €164,790 | +€34,551 | +26.5% |
| Furniture and vehicles | 24 | €88,231 | €76,965 | -€11,266 | -12.8% |
| Other tangible fixed assets | 26 | €756,712 | €735,458 | -€21,254 | -2.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €4,797,766 | €4,077,664 | -€720,102 | -15.0% |
| Stocks and contracts in progress | 3 | €2,479,431 | €2,409,138 | -€70,293 | -2.8% |
| Stocks | 30/36 | €2,479,431 | €2,409,138 | -€70,293 | -2.8% |
| Amounts receivable within one year | 40/41 | €2,092,302 | €1,482,334 | -€609,967 | -29.2% |
| Trade receivables | 40 | €1,703,971 | €940,795 | -€763,176 | -44.8% |
| Other amounts receivable | 41 | €388,331 | €541,540 | +€153,209 | +39.5% |
| Cash at bank and in hand | 54/58 | €134,701 | €186,191 | +€51,491 | +38.2% |
| Deferred charges and accrued income | 490/1 | €91,332 | €0 | -€91,332 | -100% |
| Total equity and liabilities | 10/49 | €5,777,679 | €5,057,774 | -€719,905 | -12.5% |
| Equity | 10/15 | €2,550,386 | €3,033,147 | +€482,761 | +18.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €187,422 | €2,971,647 | +€2.8m | +1,486% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €181,272 | €2,965,497 | +€2.8m | +1,536% |
| Profit (loss) carried forward | 14 | €2,301,465 | €0 | -€2.3m | -100% |
| Amounts payable | 17/49 | €3,227,293 | €2,024,627 | -€1.2m | -37.3% |
| Amounts payable after more than one year | 17 | €504,276 | €523,274 | +€18,998 | +3.8% |
| Financial debts | 170/4 | €504,276 | €523,274 | +€18,998 | +3.8% |
| Amounts payable within one year | 42/48 | €2,702,269 | €1,501,352 | -€1.2m | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €142,438 | €241,215 | +€98,777 | +69.3% |
| Financial debts | 43 | €897,339 | €96,323 | -€801,016 | -89.3% |
| Credit institutions | 430/8 | €897,339 | €96,323 | -€801,016 | -89.3% |
| Trade debts | 44 | €834,655 | €393,178 | -€441,477 | -52.9% |
| Suppliers | 440/4 | €834,655 | €393,178 | -€441,477 | -52.9% |
| Advances received on contracts in progress | 46 | €149,903 | €108,725 | -€41,179 | -27.5% |
| Taxes, remuneration and social security | 45 | €148,083 | €216,326 | +€68,242 | +46.1% |
| Taxes | 450/3 | €54,600 | €91,106 | +€36,506 | +66.9% |
| Remuneration and social security | 454/9 | €93,483 | €125,219 | +€31,736 | +33.9% |
| Other amounts payable | 47/48 | €529,850 | €445,587 | -€84,264 | -15.9% |
| Accrued charges and deferred income | 492/3 | €20,748 | €0 | -€20,748 | -100% |
| Non-recurring operating income | 76A | €21,000 | €0 | -€21,000 | -100% |
| Remuneration, social security and pensions | 62 | €963,130 | €1,034,118 | +€70,987 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,041 | €113,977 | +€13,937 | +13.9% |
| Other operating charges | 640/8 | €6,539 | €6,838 | +€299 | +4.6% |
| Non-recurring operating charges | 66A | €973 | €17,756 | +€16,782 | +1,724% |
| Gross operating margin | 9900 | €3,149,793 | €2,399,250 | -€750,543 | -23.8% |
| Operating profit (loss) | 9901 | €2,079,110 | €1,226,562 | -€852,548 | -41.0% |
| Financial income | 75/76B | €20,520 | €83,603 | +€63,083 | +307% |
| Recurring financial income | 75 | €20,520 | €83,603 | +€63,083 | +307% |
| Financial charges | 65/66B | €426,723 | €187,130 | -€239,593 | -56.1% |
| Recurring financial charges | 65 | €426,723 | €187,130 | -€239,593 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €1,672,907 | €1,123,035 | -€549,872 | -32.9% |
| Income taxes | 67/77 | €370,684 | €240,274 | -€130,410 | -35.2% |
| Profit (loss) for the period | 9904 | €1,302,223 | €882,761 | -€419,462 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,302,223 | €882,761 | -€419,462 | -32.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.