Le Zinneke: 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.
Le Zinneke
Largest movements
- Receivables within one year -€12,587
down €12,587 (-81.9%), from €15,374 to €2,787
of which Other amounts receivable: -€7,041
- Tangible fixed assets +€12,537
up €12,537 (+8.2%), from €153,822 to €166,360
of which Leasing and similar rights: +€25,940
- Stocks and contracts +€3,530
up €3,530 (+12.7%), from €27,798 to €31,328
- Cash -€3,302
down €3,302 (-49.7%), from €6,640 to €3,338
mainly Investment in fixed assets (net) (-€68,492) and Debts after one year (-€13,627)
- Deferred charges and accrued income -€2,150
no longer reported in 2025 (was €2,150)
- Debts after one year -€13,627
down €13,627 (-13.8%), from €98,653 to €85,026
- Short-term financial debts +€8,698
new in 2025: €8,698
- Current portion of long-term debt +€7,516
up €7,516 (+16.9%), from €44,354 to €51,870
- Profit (loss) carried forward -€4,467
down €4,467 (-13.8%), from -€32,399 to -€36,867
- Tax, wage and social debts -€2,984
down €2,984 (-10.1%), from €29,582 to €26,598
of which Taxes: -€2,507
- Gross operating margin -€29,257
down €29,257 (-8.8%), from €331,424 to €302,168
- Depreciation +€18,276
up €18,276 (+49.8%), from €36,678 to €54,954
- Financial charges -€10,219
down €10,219 (-42.0%), from €24,335 to €14,116
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 | €206,283 | €205,311 | -€972 | -0.5% |
| Fixed assets | 21/28 | €154,321 | €167,859 | +€13,537 | +8.8% |
| Tangible fixed assets | 22/27 | €153,822 | €166,360 | +€12,537 | +8.2% |
| Land and buildings | 22 | €55,121 | €34,878 | -€20,243 | -36.7% |
| Plant, machinery and equipment | 23 | €21,713 | €26,716 | +€5,003 | +23.0% |
| Furniture and vehicles | 24 | €924 | €2,761 | +€1,837 | +199% |
| Leasing and similar rights | 25 | €76,064 | €102,005 | +€25,940 | +34.1% |
| Financial fixed assets | 28 | €499 | €1,499 | +€1,000 | +200% |
| Current assets | 29/58 | €51,962 | €37,453 | -€14,510 | -27.9% |
| Stocks and contracts in progress | 3 | €27,798 | €31,328 | +€3,530 | +12.7% |
| Stocks | 30/36 | €27,798 | €31,328 | +€3,530 | +12.7% |
| Amounts receivable within one year | 40/41 | €15,374 | €2,787 | -€12,587 | -81.9% |
| Trade receivables | 40 | €5,869 | €323 | -€5,546 | -94.5% |
| Other amounts receivable | 41 | €9,505 | €2,464 | -€7,041 | -74.1% |
| Cash at bank and in hand | 54/58 | €6,640 | €3,338 | -€3,302 | -49.7% |
| Deferred charges and accrued income | 490/1 | €2,150 | - | -€2,150 | |
| Total equity and liabilities | 10/49 | €206,283 | €205,311 | -€972 | -0.5% |
| Equity | 10/15 | -€13,807 | -€18,275 | -€4,467 | -32.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,399 | -€36,867 | -€4,467 | -13.8% |
| Amounts payable | 17/49 | €220,091 | €223,586 | +€3,495 | +1.6% |
| Amounts payable after more than one year | 17 | €98,653 | €85,026 | -€13,627 | -13.8% |
| Financial debts | 170/4 | €98,653 | €85,026 | -€13,627 | -13.8% |
| Amounts payable within one year | 42/48 | €121,438 | €138,560 | +€17,122 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €44,354 | €51,870 | +€7,516 | +16.9% |
| Financial debts | 43 | - | €8,698 | +€8,698 | |
| Credit institutions | 430/8 | - | €8,698 | +€8,698 | |
| Trade debts | 44 | €47,042 | €48,320 | +€1,278 | +2.7% |
| Suppliers | 440/4 | €47,042 | €48,320 | +€1,278 | +2.7% |
| Taxes, remuneration and social security | 45 | €29,582 | €26,598 | -€2,984 | -10.1% |
| Taxes | 450/3 | €17,887 | €15,379 | -€2,507 | -14.0% |
| Remuneration and social security | 454/9 | €11,696 | €11,219 | -€477 | -4.1% |
| Other amounts payable | 47/48 | €459 | €3,073 | +€2,614 | +569% |
| Remuneration, social security and pensions | 62 | €222,123 | €223,038 | +€915 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,678 | €54,954 | +€18,276 | +49.8% |
| Other operating charges | 640/8 | €9,687 | €7,194 | -€2,493 | -25.7% |
| Non-recurring operating charges | 66A | - | €7,139 | +€7,139 | |
| Gross operating margin | 9900 | €331,424 | €302,168 | -€29,257 | -8.8% |
| Operating profit (loss) | 9901 | €62,937 | €9,844 | -€53,093 | -84.4% |
| Financial income | 75/76B | €14 | €6 | -€8 | -56.1% |
| Recurring financial income | 75 | €14 | €6 | -€8 | -56.1% |
| Financial charges | 65/66B | €24,335 | €14,116 | -€10,219 | -42.0% |
| Recurring financial charges | 65 | €24,335 | €14,116 | -€10,219 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €38,615 | -€4,267 | -€42,882 | |
| Income taxes | 67/77 | €140 | €201 | +€61 | +43.8% |
| Profit (loss) for the period | 9904 | €38,476 | -€4,467 | -€42,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,476 | -€4,467 | -€42,943 |
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 18 October 2026 via checked.be.