FINANCIERE ZV: 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.
FINANCIERE ZV
Largest movements
- Cash -€18.3m
down €18.3m (-92.3%), from €19.8m to €1.5m
mainly Debts (-€24.3m) and Receivables within one year (-€3.9m)
- Current investments -€9.2m
down €9.2m (-12.6%), from €73.4m to €64.2m
- Receivables within one year +€3.9m
up €3.9m (+16.1%), from €24.2m to €28.1m
- Debts -€24.3m
down €24.3m (-61.1%), from €39.7m to €15.4m
No income-statement line moved by more than 1% of the activity.
From the 2016 result to the 2017 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 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,463,175 | €93,795,588 | -€23.7m | -20.1% |
| Current assets | 29/58 | €117,463,175 | €93,795,588 | -€23.7m | -20.1% |
| Amounts receivable within one year | 40/41 | €24,159,376 | €28,059,163 | +€3.9m | +16.1% |
| Current investments | 50/53 | €73,427,925 | €64,212,585 | -€9.2m | -12.6% |
| Cash at bank and in hand | 54/58 | €19,773,979 | €1,522,933 | -€18.3m | -92.3% |
| Total equity and liabilities | 10/49 | €117,463,175 | €93,795,588 | -€23.7m | -20.1% |
| Equity | 10/15 | €77,765,849 | €78,354,881 | +€589,032 | +0.8% |
| Contributions | 10/11 | €77,902,109 | €77,902,109 | = | 0.0% |
| Reserves | 13 | €50,000 | €79,500 | +€29,500 | +59.0% |
| Profit (loss) carried forward | 14 | -€186,260 | €373,272 | +€559,532 | |
| Amounts payable | 17/49 | €39,697,325 | €15,440,707 | -€24.3m | -61.1% |
| Amounts payable within one year | 42/48 | €39,471,527 | €15,420,762 | -€24.1m | -60.9% |
| Trade debts | 44 | €8,240 | €31,958 | +€23,718 | +287.8% |
| Operating profit (loss) | 9901 | -€121,590 | -€119,095 | +€2,495 | +2.1% |
| Recurring financial income | 75 | €3,493,235 | €2,584,276 | -€908,958 | -26.0% |
| Recurring financial charges | 65 | €4,171,023 | €1,752,066 | -€2.4m | -58.0% |
| Debt charges | 650 | €340,907 | €249,143 | -€91,764 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€799,378 | €713,116 | +€1.5m | |
| Income taxes | 67/77 | €279,668 | €124,084 | -€155,585 | -55.6% |
| Profit (loss) for the period | 9904 | -€1,079,047 | €589,032 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,079,047 | €589,032 | +€1.7m |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2016 and 31 July 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.