IN.ZO: 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.
IN.ZO
Largest movements
- Tangible fixed assets +€143,515
up €143,515 (+1,044%), from €13,741 to €157,256
of which Furniture and vehicles: +€143,813
- Receivables within one year -€129,522
down €129,522 (-24.6%), from €526,299 to €396,777
- Cash +€27,172
up €27,172 (+27.4%), from €99,313 to €126,485
mainly Receivables within one year (+€129,522) and Debts after one year (+€95,409)
- Intangible fixed assets -€13,655
down €13,655 (-29.8%), from €45,784 to €32,129
- Deferred charges and accrued income -€12,814
down €12,814 (-48.7%), from €26,333 to €13,520
- Short-term financial debts -€115,641
down €115,641 (-68.8%), from €168,153 to €52,511
- Debts after one year +€95,409
new in 2025: €95,409
- Profit (loss) carried forward +€34,496
up €34,496 (+39.2%), from -€88,005 to -€53,509
- Current portion of long-term debt +€26,070
new in 2025: €26,070
- Trade debts -€21,093
down €21,093 (-9.1%), from €232,368 to €211,275
- Staff costs -€98,301
down €98,301 (-20.2%), from €487,323 to €389,022
- Gross operating margin +€43,116
up €43,116 (+9.7%), from €443,915 to €487,031
- Depreciation +€20,600
up €20,600 (+87.1%), from €23,639 to €44,239
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.
Derived cash bridge
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 | €711,688 | €726,385 | +€14,697 | +2.1% |
| Fixed assets | 21/28 | €59,743 | €189,603 | +€129,860 | +217% |
| Intangible fixed assets | 21 | €45,784 | €32,129 | -€13,655 | -29.8% |
| Tangible fixed assets | 22/27 | €13,741 | €157,256 | +€143,515 | +1,044% |
| Plant, machinery and equipment | 23 | - | €1,512 | +€1,512 | |
| Furniture and vehicles | 24 | €7,538 | €151,350 | +€143,813 | +1,908% |
| Other tangible fixed assets | 26 | €6,204 | €4,395 | -€1,809 | -29.2% |
| Financial fixed assets | 28 | €217 | €217 | = | 0.0% |
| Current assets | 29/58 | €651,945 | €536,782 | -€115,164 | -17.7% |
| Amounts receivable within one year | 40/41 | €526,299 | €396,777 | -€129,522 | -24.6% |
| Trade receivables | 40 | €526,299 | €396,777 | -€129,522 | -24.6% |
| Cash at bank and in hand | 54/58 | €99,313 | €126,485 | +€27,172 | +27.4% |
| Deferred charges and accrued income | 490/1 | €26,333 | €13,520 | -€12,814 | -48.7% |
| Total equity and liabilities | 10/49 | €711,688 | €726,385 | +€14,697 | +2.1% |
| Equity | 10/15 | €100,630 | €135,125 | +€34,496 | +34.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €113,634 | €113,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €88,658 | €88,658 | = | 0.0% |
| Legal reserve | 130 | €17,565 | €17,565 | = | 0.0% |
| Other | 1319 | €71,093 | €71,093 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,044 | €14,044 | = | 0.0% |
| Distributable reserves | 133 | €10,932 | €10,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,005 | -€53,509 | +€34,496 | +39.2% |
| Amounts payable | 17/49 | €611,058 | €591,259 | -€19,799 | -3.2% |
| Amounts payable after more than one year | 17 | - | €95,409 | +€95,409 | |
| Financial debts | 170/4 | - | €95,409 | +€95,409 | |
| Amounts payable within one year | 42/48 | €610,808 | €495,850 | -€114,958 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | - | €26,070 | +€26,070 | |
| Financial debts | 43 | €168,153 | €52,511 | -€115,641 | -68.8% |
| Credit institutions | 430/8 | €168,153 | €52,511 | -€115,641 | -68.8% |
| Trade debts | 44 | €232,368 | €211,275 | -€21,093 | -9.1% |
| Suppliers | 440/4 | €232,368 | €211,275 | -€21,093 | -9.1% |
| Taxes, remuneration and social security | 45 | €28,492 | €24,198 | -€4,294 | -15.1% |
| Taxes | 450/3 | €19,195 | €13,855 | -€5,340 | -27.8% |
| Remuneration and social security | 454/9 | €9,297 | €10,343 | +€1,046 | +11.3% |
| Other amounts payable | 47/48 | €181,795 | €181,795 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | €4,525 | €24,434 | +€19,910 | +440% |
| Remuneration, social security and pensions | 62 | €487,323 | €389,022 | -€98,301 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,639 | €44,239 | +€20,600 | +87.1% |
| Other operating charges | 640/8 | €4,001 | €3,997 | -€4 | -0.1% |
| Non-recurring operating charges | 66A | €211 | - | -€211 | |
| Gross operating margin | 9900 | €443,915 | €487,031 | +€43,116 | +9.7% |
| Operating profit (loss) | 9901 | -€71,259 | €49,773 | +€121,032 | |
| Financial income | 75/76B | €556 | €618 | +€62 | +11.2% |
| Recurring financial income | 75 | €556 | €618 | +€62 | +11.2% |
| Financial charges | 65/66B | €16,048 | €15,550 | -€498 | -3.1% |
| Recurring financial charges | 65 | €16,048 | €15,550 | -€498 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€86,752 | €34,840 | +€121,592 | |
| Income taxes | 67/77 | €1,253 | €345 | -€908 | -72.5% |
| Profit (loss) for the period | 9904 | -€88,005 | €34,496 | +€122,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,005 | €34,496 | +€122,500 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.