J.ZAINEE: 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.
J.ZAINEE
Largest movements
- Receivables within one year +€37,949
up €37,949 (+22,589%), from €168 to €38,117
of which Trade receivables: +€36,966
- Tangible fixed assets -€3,757
down €3,757 (-21.3%), from €17,646 to €13,889
- Cash -€1,826
down €1,826 (-16.1%), from €11,342 to €9,516
mainly Receivables within one year (-€37,949) and Net result for the year (-€34,906)
- Advances received +€44,729
new in 2025: €44,729
- Profit (loss) carried forward -€34,906
down €34,906, from €28,957 to -€5,949
- Tax, wage and social debts +€18,839
up €18,839 (+334%), from €5,632 to €24,471
of which Remuneration and social security: +€18,945
- Trade debts +€3,704
up €3,704 (+144%), from €2,566 to €6,270
- Turnover -€34,463
down €34,463 (-30.1%), from €114,507 to €80,043
- Purchases and services -€24,808
down €24,808 (-26.1%), from €95,046 to €70,238
- Other operating charges +€15,294
up €15,294 (+118%), from €12,977 to €28,271
- Staff costs +€11,240
new in 2025: €11,240
- Gross operating margin -€10,656
down €10,656 (-52.1%), from €20,461 to €9,806
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 | €37,156 | €69,521 | +€32,366 | +87.1% |
| Fixed assets | 21/28 | €17,646 | €13,889 | -€3,757 | -21.3% |
| Tangible fixed assets | 22/27 | €17,646 | €13,889 | -€3,757 | -21.3% |
| Furniture and vehicles | 24 | €17,646 | €13,889 | -€3,757 | -21.3% |
| Current assets | 29/58 | €19,510 | €55,633 | +€36,123 | +185% |
| Stocks and contracts in progress | 3 | €8,000 | €8,000 | = | 0.0% |
| Stocks | 30/36 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168 | €38,117 | +€37,949 | +22,589% |
| Trade receivables | 40 | - | €36,966 | +€36,966 | |
| Other amounts receivable | 41 | €168 | €1,151 | +€983 | +585% |
| Cash at bank and in hand | 54/58 | €11,342 | €9,516 | -€1,826 | -16.1% |
| Total equity and liabilities | 10/49 | €37,156 | €69,521 | +€32,366 | +87.1% |
| Equity | 10/15 | €28,957 | -€5,949 | -€34,906 | |
| Profit (loss) carried forward | 14 | €28,957 | -€5,949 | -€34,906 | |
| Amounts payable | 17/49 | €8,198 | €75,470 | +€67,272 | +821% |
| Amounts payable within one year | 42/48 | €8,198 | €75,470 | +€67,272 | +821% |
| Trade debts | 44 | €2,566 | €6,270 | +€3,704 | +144% |
| Suppliers | 440/4 | €2,566 | €6,270 | +€3,704 | +144% |
| Advances received on contracts in progress | 46 | - | €44,729 | +€44,729 | |
| Taxes, remuneration and social security | 45 | €5,632 | €24,471 | +€18,839 | +334% |
| Taxes | 450/3 | €113 | €7 | -€106 | -93.7% |
| Remuneration and social security | 454/9 | €5,520 | €24,464 | +€18,945 | +343% |
| Turnover | 70 | €114,507 | €80,043 | -€34,463 | -30.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,046 | €70,238 | -€24,808 | -26.1% |
| Remuneration, social security and pensions | 62 | - | €11,240 | +€11,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,139 | €3,757 | +€2,618 | +230% |
| Other operating charges | 640/8 | €12,977 | €28,271 | +€15,294 | +118% |
| Gross operating margin | 9900 | €20,461 | €9,806 | -€10,656 | -52.1% |
| Operating profit (loss) | 9901 | €6,345 | -€33,462 | -€39,806 | |
| Financial charges | 65/66B | €1,651 | €1,444 | -€206 | -12.5% |
| Recurring financial charges | 65 | €1,651 | €1,444 | -€206 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €4,694 | -€34,906 | -€39,600 | |
| Profit (loss) for the period | 9904 | €4,694 | -€34,906 | -€39,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,694 | -€34,906 | -€39,600 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.