Z advies: what changed
Z advies
Largest movements
- Receivables within one year -€20,327
down €20,327 (-97.1%), from €20,931 to €604
of which Trade receivables: -€20,286
- Tangible fixed assets -€1,552
down €1,552 (-13.0%), from €11,902 to €10,350
of which Furniture and vehicles: -€960
- Stocks and contracts +€1,267
up €1,267 (+30.2%), from €4,201 to €5,468
- Cash -€1,186
down €1,186 (-59.5%), from €1,993 to €806
mainly Trade debts (-€13,420) and Net result for the year (-€12,141)
- Trade debts -€13,420
down €13,420 (-58.7%), from €22,876 to €9,456
- Profit (loss) carried forward -€12,141
down €12,141, from €4,499 to -€7,643
- Other debts +€6,110
up €6,110 (+96.2%), from €6,351 to €12,461
- Tax, wage and social debts -€1,903
down €1,903 (-66.7%), from €2,855 to €952
- Gross operating margin -€8,484
down €8,484 (-3,383%), from -€251 to -€8,734
- Staff costs -€2,102
down €2,102 (-100%), from €2,102 to €0
- Financial charges -€461
down €461 (-73.5%), from €627 to €166
- Other operating charges +€329
up €329 (+71.9%), from €457 to €786
- Depreciation +€107
up €107 (+4.5%), from €2,359 to €2,465
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,376 | €17,727 | -€21,649 | -55.0% |
| Fixed assets | 21/28 | €12,104 | €10,849 | -€1,255 | -10.4% |
| Tangible fixed assets | 22/27 | €11,902 | €10,350 | -€1,552 | -13.0% |
| Plant, machinery and equipment | 23 | €5,327 | €4,736 | -€592 | -11.1% |
| Furniture and vehicles | 24 | €6,575 | €5,615 | -€960 | -14.6% |
| Financial fixed assets | 28 | €202 | €499 | +€297 | +147% |
| Current assets | 29/58 | €27,272 | €6,878 | -€20,394 | -74.8% |
| Stocks and contracts in progress | 3 | €4,201 | €5,468 | +€1,267 | +30.2% |
| Stocks | 30/36 | €4,201 | €5,468 | +€1,267 | +30.2% |
| Amounts receivable within one year | 40/41 | €20,931 | €604 | -€20,327 | -97.1% |
| Trade receivables | 40 | €20,890 | €604 | -€20,286 | -97.1% |
| Other amounts receivable | 41 | €41 | - | -€41 | |
| Cash at bank and in hand | 54/58 | €1,993 | €806 | -€1,186 | -59.5% |
| Deferred charges and accrued income | 490/1 | €148 | €0 | -€148 | -100% |
| Total equity and liabilities | 10/49 | €39,376 | €17,727 | -€21,649 | -55.0% |
| Equity | 10/15 | €6,999 | -€5,143 | -€12,141 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,499 | -€7,643 | -€12,141 | |
| Amounts payable | 17/49 | €32,377 | €22,870 | -€9,508 | -29.4% |
| Amounts payable within one year | 42/48 | €32,377 | €22,870 | -€9,508 | -29.4% |
| Trade debts | 44 | €22,876 | €9,456 | -€13,420 | -58.7% |
| Suppliers | 440/4 | €22,876 | €9,456 | -€13,420 | -58.7% |
| Advances received on contracts in progress | 46 | €295 | €0 | -€295 | -100% |
| Taxes, remuneration and social security | 45 | €2,855 | €952 | -€1,903 | -66.7% |
| Taxes | 450/3 | €2,855 | €952 | -€1,903 | -66.7% |
| Other amounts payable | 47/48 | €6,351 | €12,461 | +€6,110 | +96.2% |
| Remuneration, social security and pensions | 62 | €2,102 | €0 | -€2,102 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | €2,465 | +€107 | +4.5% |
| Other operating charges | 640/8 | €457 | €786 | +€329 | +71.9% |
| Gross operating margin | 9900 | -€251 | -€8,734 | -€8,484 | -3,383% |
| Operating profit (loss) | 9901 | -€5,168 | -€11,986 | -€6,817 | -132% |
| Financial income | 75/76B | €30 | €11 | -€19 | -64.7% |
| Recurring financial income | 75 | €30 | €11 | -€19 | -64.7% |
| Financial charges | 65/66B | €627 | €166 | -€461 | -73.5% |
| Recurring financial charges | 65 | €627 | €166 | -€461 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,765 | -€12,141 | -€6,376 | -111% |
| Income taxes | 67/77 | €76 | €0 | -€76 | -100% |
| Profit (loss) for the period | 9904 | -€5,841 | -€12,141 | -€6,300 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,841 | -€12,141 | -€6,300 | -108% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.