Z.ABEL: 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.
Z.ABEL
Largest movements
- Receivables after one year +€50,000
up €50,000 (+142.9%), from €35,000 to €85,000
- Tangible fixed assets +€15,780
up €15,780 (+9112.8%), from €173 to €15,953
of which Other tangible fixed assets: +€14,661
- Cash -€10,570
down €10,570 (-15.3%), from €69,133 to €58,563
mainly Receivables after one year (-€50,000) and Investment in fixed assets (net) (-€16,078)
- Receivables within one year +€2,885
up €2,885 (+26.4%), from €10,942 to €13,827
of which Trade receivables: +€2,610
- Profit (loss) carried forward +€44,856
up €44,856 (+51.2%), from €87,563 to €132,419
- Trade debts +€6,971
up €6,971 (+2494.8%), from €279 to €7,251
- Tax, wage and social debts +€6,814
up €6,814 (+31.2%), from €21,858 to €28,673
- Gross operating margin -€6,710
down €6,710 (-10.4%), from €64,354 to €57,643
- Taxes -€1,074
down €1,074 (-8.0%), from €13,337 to €12,263
- Financial income +€937
up €937 (+166.5%), from €563 to €1,500
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 | €115,247 | €173,342 | +€58,095 | +50.4% |
| Fixed assets | 21/28 | €173 | €15,953 | +€15,780 | +9112.8% |
| Tangible fixed assets | 22/27 | €173 | €15,953 | +€15,780 | +9112.8% |
| Furniture and vehicles | 24 | €173 | €1,292 | +€1,119 | +646.1% |
| Other tangible fixed assets | 26 | - | €14,661 | +€14,661 | |
| Current assets | 29/58 | €115,074 | €157,390 | +€42,315 | +36.8% |
| Amounts receivable after more than one year | 29 | €35,000 | €85,000 | +€50,000 | +142.9% |
| Other amounts receivable | 291 | €35,000 | €85,000 | +€50,000 | +142.9% |
| Amounts receivable within one year | 40/41 | €10,942 | €13,827 | +€2,885 | +26.4% |
| Trade receivables | 40 | €10,942 | €13,552 | +€2,610 | +23.9% |
| Other amounts receivable | 41 | - | €275 | +€275 | |
| Cash at bank and in hand | 54/58 | €69,133 | €58,563 | -€10,570 | -15.3% |
| Total equity and liabilities | 10/49 | €115,247 | €173,342 | +€58,095 | +50.4% |
| Equity | 10/15 | €92,563 | €137,419 | +€44,856 | +48.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,563 | €132,419 | +€44,856 | +51.2% |
| Amounts payable | 17/49 | €22,684 | €35,923 | +€13,239 | +58.4% |
| Amounts payable within one year | 42/48 | €22,684 | €35,923 | +€13,239 | +58.4% |
| Trade debts | 44 | €279 | €7,251 | +€6,971 | +2494.8% |
| Suppliers | 440/4 | €279 | €7,251 | +€6,971 | +2494.8% |
| Taxes, remuneration and social security | 45 | €21,858 | €28,673 | +€6,814 | +31.2% |
| Taxes | 450/3 | €21,858 | €28,673 | +€6,814 | +31.2% |
| Other amounts payable | 47/48 | €546 | - | -€546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €298 | -€391 | -56.8% |
| Gross operating margin | 9900 | €64,354 | €57,643 | -€6,710 | -10.4% |
| Operating profit (loss) | 9901 | €63,665 | €57,346 | -€6,319 | -9.9% |
| Financial income | 75/76B | €563 | €1,500 | +€937 | +166.5% |
| Recurring financial income | 75 | €563 | €1,500 | +€937 | +166.5% |
| Financial charges | 65/66B | €1,959 | €1,727 | -€232 | -11.8% |
| Recurring financial charges | 65 | €1,959 | €1,727 | -€232 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €62,269 | €57,119 | -€5,150 | -8.3% |
| Income taxes | 67/77 | €13,337 | €12,263 | -€1,074 | -8.0% |
| Profit (loss) for the period | 9904 | €48,932 | €44,856 | -€4,077 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,932 | €44,856 | -€4,077 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.