The Zone Special: what changed
Two fiscal 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.
The Zone Special
Largest movements
- Tangible fixed assets -€11,205
down €11,205 (-32.8%), from €34,155 to €22,950
of which Plant, machinery and equipment: -€10,380
- Receivables within one year +€8,295
up €8,295 (+2067.4%), from €401 to €8,697
- Deferred charges and accrued income -€4,624
no longer reported in 2025 (was €4,624)
- Stocks and contracts -€871
down €871 (-15.5%), from €5,638 to €4,767
- Debts after one year -€12,389
down €12,389 (-41.4%), from €29,936 to €17,548
- Short-term financial debts +€8,155
up €8,155 (+1044.2%), from €781 to €8,936
- Trade debts -€4,128
down €4,128 (-66.8%), from €6,176 to €2,049
- Other debts -€3,542
down €3,542 (-25.0%), from €14,181 to €10,639
- Profit (loss) carried forward +€2,783
up €2,783 (+13.0%), from -€21,451 to -€18,668
- Gross operating margin +€11,353
up €11,353 (+200.0%), from €5,677 to €17,030
- Financial charges -€1,051
down €1,051 (-29.4%), from €3,576 to €2,525
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.
Cash bridge derived
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 | €46,249 | €37,609 | -€8,640 | -18.7% |
| Fixed assets | 21/28 | €35,280 | €24,075 | -€11,205 | -31.8% |
| Tangible fixed assets | 22/27 | €34,155 | €22,950 | -€11,205 | -32.8% |
| Plant, machinery and equipment | 23 | €32,647 | €22,267 | -€10,380 | -31.8% |
| Furniture and vehicles | 24 | €1,508 | €683 | -€825 | -54.7% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €10,969 | €13,534 | +€2,565 | +23.4% |
| Stocks and contracts in progress | 3 | €5,638 | €4,767 | -€871 | -15.5% |
| Stocks | 30/36 | €5,638 | €4,767 | -€871 | -15.5% |
| Amounts receivable within one year | 40/41 | €401 | €8,697 | +€8,295 | +2067.4% |
| Trade receivables | 40 | €401 | €8,697 | +€8,295 | +2067.4% |
| Cash at bank and in hand | 54/58 | €306 | €71 | -€235 | -76.8% |
| Deferred charges and accrued income | 490/1 | €4,624 | - | -€4,624 | |
| Total equity and liabilities | 10/49 | €46,249 | €37,609 | -€8,640 | -18.7% |
| Equity | 10/15 | -€18,451 | -€15,668 | +€2,783 | +15.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,451 | -€18,668 | +€2,783 | +13.0% |
| Amounts payable | 17/49 | €64,700 | €53,278 | -€11,423 | -17.7% |
| Amounts payable after more than one year | 17 | €29,936 | €17,548 | -€12,389 | -41.4% |
| Financial debts | 170/4 | €29,936 | €17,548 | -€12,389 | -41.4% |
| Amounts payable within one year | 42/48 | €34,764 | €35,730 | +€966 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €11,763 | €12,388 | +€625 | +5.3% |
| Financial debts | 43 | €781 | €8,936 | +€8,155 | +1044.2% |
| Credit institutions | 430/8 | €781 | €8,936 | +€8,155 | +1044.2% |
| Trade debts | 44 | €6,176 | €2,049 | -€4,128 | -66.8% |
| Suppliers | 440/4 | €6,176 | €2,049 | -€4,128 | -66.8% |
| Advances received on contracts in progress | 46 | €352 | €352 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,511 | €1,367 | -€144 | -9.6% |
| Taxes | 450/3 | €1,511 | €1,367 | -€144 | -9.6% |
| Other amounts payable | 47/48 | €14,181 | €10,639 | -€3,542 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,207 | €11,205 | -€2 | 0.0% |
| Other operating charges | 640/8 | €602 | €524 | -€77 | -12.8% |
| Gross operating margin | 9900 | €5,677 | €17,030 | +€11,353 | +200.0% |
| Operating profit (loss) | 9901 | -€6,132 | €5,300 | +€11,432 | |
| Financial income | 75/76B | €20 | €7 | -€13 | -63.9% |
| Recurring financial income | 75 | €20 | €7 | -€13 | -63.9% |
| Financial charges | 65/66B | €3,576 | €2,525 | -€1,051 | -29.4% |
| Recurring financial charges | 65 | €3,576 | €2,525 | -€1,051 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,687 | €2,783 | +€12,470 | |
| Profit (loss) for the period | 9904 | -€9,687 | €2,783 | +€12,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,687 | €2,783 | +€12,470 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.