THE ZOO: 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.
THE ZOO
Largest movements
- Tangible fixed assets +€102,088
up €102,088 (+6.5%), from €1.6m to €1.7m
of which Plant, machinery and equipment: +€152,542
- Receivables within one year -€63,046
down €63,046 (-78.9%), from €79,935 to €16,889
of which Trade receivables: -€43,002
- Debts after one year +€24,316
up €24,316 (+2.0%), from €1.2m to €1.2m
- Accrued charges and deferred income +€22,667
new in 2025: €22,667
- Other debts -€22,212
down €22,212 (-86.5%), from €25,667 to €3,455
- Current portion of long-term debt +€21,605
up €21,605 (+15.5%), from €139,068 to €160,672
- Taxes -€15,082
down €15,082 (-55.7%), from €27,087 to €12,005
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 | €1,678,242 | €1,732,677 | +€54,435 | +3.2% |
| Fixed assets | 21/28 | €1,575,904 | €1,677,991 | +€102,088 | +6.5% |
| Tangible fixed assets | 22/27 | €1,575,904 | €1,677,991 | +€102,088 | +6.5% |
| Land and buildings | 22 | €1,467,393 | €1,416,938 | -€50,454 | -3.4% |
| Plant, machinery and equipment | 23 | €108,511 | €261,053 | +€152,542 | +141% |
| Current assets | 29/58 | €102,338 | €54,686 | -€47,653 | -46.6% |
| Amounts receivable within one year | 40/41 | €79,935 | €16,889 | -€63,046 | -78.9% |
| Trade receivables | 40 | €56,978 | €13,976 | -€43,002 | -75.5% |
| Other amounts receivable | 41 | €22,957 | €2,913 | -€20,044 | -87.3% |
| Cash at bank and in hand | 54/58 | €16,632 | €31,774 | +€15,141 | +91.0% |
| Deferred charges and accrued income | 490/1 | €5,771 | €6,023 | +€252 | +4.4% |
| Total equity and liabilities | 10/49 | €1,678,242 | €1,732,677 | +€54,435 | +3.2% |
| Equity | 10/15 | €271,228 | €273,566 | +€2,338 | +0.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,228 | €143,566 | +€2,338 | +1.7% |
| Amounts payable | 17/49 | €1,407,014 | €1,459,111 | +€52,097 | +3.7% |
| Amounts payable after more than one year | 17 | €1,213,838 | €1,238,154 | +€24,316 | +2.0% |
| Financial debts | 170/4 | €1,213,838 | €1,238,154 | +€24,316 | +2.0% |
| Amounts payable within one year | 42/48 | €193,176 | €198,290 | +€5,114 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €139,068 | €160,672 | +€21,605 | +15.5% |
| Trade debts | 44 | €11,181 | €2,517 | -€8,663 | -77.5% |
| Suppliers | 440/4 | €11,181 | €2,517 | -€8,663 | -77.5% |
| Taxes, remuneration and social security | 45 | €17,261 | €31,645 | +€14,384 | +83.3% |
| Taxes | 450/3 | €17,261 | €31,645 | +€14,384 | +83.3% |
| Other amounts payable | 47/48 | €25,667 | €3,455 | -€22,212 | -86.5% |
| Accrued charges and deferred income | 492/3 | - | €22,667 | +€22,667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,420 | €98,261 | +€1,841 | +1.9% |
| Other operating charges | 640/8 | €20,547 | €21,233 | +€685 | +3.3% |
| Gross operating margin | 9900 | €253,456 | €254,417 | +€961 | +0.4% |
| Operating profit (loss) | 9901 | €136,488 | €134,924 | -€1,565 | -1.1% |
| Financial charges | 65/66B | €24,979 | €26,463 | +€1,484 | +5.9% |
| Recurring financial charges | 65 | €24,979 | €26,463 | +€1,484 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €111,510 | €108,461 | -€3,049 | -2.7% |
| Income taxes | 67/77 | €27,087 | €12,005 | -€15,082 | -55.7% |
| Profit (loss) for the period | 9904 | €84,423 | €96,456 | +€12,033 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,423 | €96,456 | +€12,033 | +14.3% |
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 27 October 2026 via checked.be.