RZ CONCEPT: 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.
RZ CONCEPT
Largest movements
- Receivables within one year +€3,955
up €3,955 (+698%), from €567 to €4,522
of which Trade receivables: +€2,928
- Cash +€1,844
up €1,844 (+784%), from €235 to €2,079
mainly Other debts (+€21,038) and Depreciation (+€203)
- Deferred charges and accrued income +€1,088
up €1,088 (+2,442%), from €45 to €1,133
- Tangible fixed assets -€203
down €203 (-48.6%), from €418 to €215
- Other debts +€21,038
up €21,038 (+61.1%), from €34,421 to €55,459
- Trade debts -€8,673
down €8,673 (-38.9%), from €22,289 to €13,616
- Profit (loss) carried forward -€5,681
down €5,681 (-7.6%), from -€74,501 to -€80,182
- Gross operating margin +€2,010
up €2,010 (+30.6%), from -€6,576 to -€4,566
- Other operating charges +€338
up €338 (+103%), from €330 to €668
- Financial charges -€70
down €70 (-22.2%), from €314 to €244
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 | €2,669 | €9,353 | +€6,684 | +250% |
| Fixed assets | 21/28 | €418 | €215 | -€203 | -48.6% |
| Tangible fixed assets | 22/27 | €418 | €215 | -€203 | -48.6% |
| Furniture and vehicles | 24 | €418 | €215 | -€203 | -48.6% |
| Current assets | 29/58 | €2,251 | €9,138 | +€6,887 | +306% |
| Stocks and contracts in progress | 3 | €1,404 | €1,404 | = | 0.0% |
| Stocks | 30/36 | €1,404 | €1,404 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €567 | €4,522 | +€3,955 | +698% |
| Trade receivables | 40 | €550 | €3,478 | +€2,928 | +532% |
| Other amounts receivable | 41 | €17 | €1,044 | +€1,027 | +6,092% |
| Cash at bank and in hand | 54/58 | €235 | €2,079 | +€1,844 | +784% |
| Deferred charges and accrued income | 490/1 | €45 | €1,133 | +€1,088 | +2,442% |
| Total equity and liabilities | 10/49 | €2,669 | €9,353 | +€6,684 | +250% |
| Equity | 10/15 | -€54,041 | -€59,722 | -€5,681 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,501 | -€80,182 | -€5,681 | -7.6% |
| Amounts payable | 17/49 | €56,710 | €69,075 | +€12,365 | +21.8% |
| Amounts payable within one year | 42/48 | €56,710 | €69,075 | +€12,365 | +21.8% |
| Trade debts | 44 | €22,289 | €13,616 | -€8,673 | -38.9% |
| Suppliers | 440/4 | €22,289 | €13,616 | -€8,673 | -38.9% |
| Other amounts payable | 47/48 | €34,421 | €55,459 | +€21,038 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €203 | +€12 | +6.4% |
| Other operating charges | 640/8 | €330 | €668 | +€338 | +103% |
| Gross operating margin | 9900 | -€6,576 | -€4,566 | +€2,010 | +30.6% |
| Operating profit (loss) | 9901 | -€7,096 | -€5,437 | +€1,659 | +23.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €314 | €244 | -€70 | -22.2% |
| Recurring financial charges | 65 | €314 | €244 | -€70 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,410 | -€5,680 | +€1,730 | +23.3% |
| Profit (loss) for the period | 9904 | -€7,410 | -€5,680 | +€1,730 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,410 | -€5,680 | +€1,730 | +23.3% |
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 30 October 2026 via checked.be.