RZK SPA: 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.
RZK SPA
Largest movements
- Receivables within one year +€35,255
new in 2025: €35,255
- Cash +€32,152
up €32,152 (+1,287%), from €2,498 to €34,650
mainly Debts after one year (+€67,331) and Current portion of long-term debt (+€9,167)
- Tangible fixed assets +€3,680
new in 2025: €3,680
- Formation expenses -€1,029
no longer reported in 2025 (was €1,029)
- Debts after one year +€67,331
new in 2025: €67,331
- Profit (loss) carried forward -€10,225
down €10,225 (-1,063%), from -€962 to -€11,187
- Current portion of long-term debt +€9,167
new in 2025: €9,167
- Trade debts +€3,785
up €3,785 (+162%), from €2,339 to €6,124
- Financial charges +€9,374
up €9,374 (+468,689%), from €2 to €9,376
- Gross operating margin +€1,712
up €1,712, from -€900 to €812
- Depreciation +€1,075
up €1,075 (+1,806%), from €60 to €1,134
- Taxes +€527
new in 2025: €527
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 | €3,877 | €73,935 | +€70,058 | +1,807% |
| Formation expenses | 20 | €1,029 | - | -€1,029 | |
| Fixed assets | 21/28 | - | €3,680 | +€3,680 | |
| Tangible fixed assets | 22/27 | - | €3,680 | +€3,680 | |
| Land and buildings | 22 | - | €3,680 | +€3,680 | |
| Current assets | 29/58 | €2,848 | €70,255 | +€67,407 | +2,367% |
| Amounts receivable within one year | 40/41 | - | €35,255 | +€35,255 | |
| Other amounts receivable | 41 | - | €35,255 | +€35,255 | |
| Cash at bank and in hand | 54/58 | €2,498 | €34,650 | +€32,152 | +1,287% |
| Deferred charges and accrued income | 490/1 | €350 | €350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,877 | €73,935 | +€70,058 | +1,807% |
| Equity | 10/15 | €1,539 | -€8,687 | -€10,225 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€962 | -€11,187 | -€10,225 | -1,063% |
| Amounts payable | 17/49 | €2,339 | €82,622 | +€80,283 | +3,432% |
| Amounts payable after more than one year | 17 | - | €67,331 | +€67,331 | |
| Financial debts | 170/4 | - | €67,331 | +€67,331 | |
| Amounts payable within one year | 42/48 | €2,339 | €15,291 | +€12,952 | +554% |
| Current portion of amounts payable after more than one year | 42 | - | €9,167 | +€9,167 | |
| Trade debts | 44 | €2,339 | €6,124 | +€3,785 | +162% |
| Suppliers | 440/4 | €2,339 | €6,124 | +€3,785 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €1,134 | +€1,075 | +1,806% |
| Gross operating margin | 9900 | -€900 | €812 | +€1,712 | |
| Operating profit (loss) | 9901 | -€960 | -€323 | +€637 | +66.4% |
| Financial charges | 65/66B | €2 | €9,376 | +€9,374 | +468,689% |
| Recurring financial charges | 65 | €2 | €9,376 | +€9,374 | +468,689% |
| Profit (loss) for the period before taxes | 9903 | -€962 | -€9,698 | -€8,737 | -909% |
| Income taxes | 67/77 | - | €527 | +€527 | |
| Profit (loss) for the period | 9904 | -€962 | -€10,225 | -€9,264 | -963% |
| Profit (loss) for the period to be appropriated | 9905 | -€962 | -€10,225 | -€9,264 | -963% |
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.