Z.I.E.K.: 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.I.E.K.
Largest movements
- Receivables within one year -€996
down €996 (-84.0%), from €1,185 to €190
of which Other amounts receivable: -€1,185
- Tangible fixed assets -€969
down €969 (-24.1%), from €4,020 to €3,051
of which Land and buildings: -€559
- Cash -€75
down €75 (-19.1%), from €393 to €318
mainly Other debts (-€28,794) and Short-term financial debts (-€5,046)
- Profit (loss) carried forward +€31,918
up €31,918 (+12.7%), from -€250,980 to -€219,062
- Other debts -€28,794
down €28,794 (-12.9%), from €222,633 to €193,839
- Short-term financial debts -€5,046
down €5,046 (-51.1%), from €9,870 to €4,824
- Trade debts -€1,289
down €1,289 (-52.0%), from €2,478 to €1,189
- Tax, wage and social debts +€1,171
up €1,171 (+98.5%), from €1,189 to €2,360
- Gross operating margin +€20,627
up €20,627 (+135.0%), from €15,284 to €35,912
- Taxes -€523
down €523, from €512 to -€11
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 | €5,649 | €3,609 | -€2,040 | -36.1% |
| Fixed assets | 21/28 | €4,070 | €3,101 | -€969 | -23.8% |
| Tangible fixed assets | 22/27 | €4,020 | €3,051 | -€969 | -24.1% |
| Land and buildings | 22 | €2,841 | €2,282 | -€559 | -19.7% |
| Plant, machinery and equipment | 23 | €1,179 | €769 | -€410 | -34.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,579 | €508 | -€1,071 | -67.8% |
| Amounts receivable within one year | 40/41 | €1,185 | €190 | -€996 | -84.0% |
| Trade receivables | 40 | - | €190 | +€190 | |
| Other amounts receivable | 41 | €1,185 | - | -€1,185 | |
| Cash at bank and in hand | 54/58 | €393 | €318 | -€75 | -19.1% |
| Total equity and liabilities | 10/49 | €5,649 | €3,609 | -€2,040 | -36.1% |
| Equity | 10/15 | -€230,520 | -€198,602 | +€31,918 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,980 | -€219,062 | +€31,918 | +12.7% |
| Amounts payable | 17/49 | €236,169 | €202,211 | -€33,958 | -14.4% |
| Amounts payable within one year | 42/48 | €236,169 | €202,211 | -€33,958 | -14.4% |
| Financial debts | 43 | €9,870 | €4,824 | -€5,046 | -51.1% |
| Credit institutions | 430/8 | €9,870 | €4,824 | -€5,046 | -51.1% |
| Trade debts | 44 | €2,478 | €1,189 | -€1,289 | -52.0% |
| Suppliers | 440/4 | €2,478 | €1,189 | -€1,289 | -52.0% |
| Taxes, remuneration and social security | 45 | €1,189 | €2,360 | +€1,171 | +98.5% |
| Taxes | 450/3 | €1,189 | €2,360 | +€1,171 | +98.5% |
| Other amounts payable | 47/48 | €222,633 | €193,839 | -€28,794 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €969 | +€276 | +39.9% |
| Other operating charges | 640/8 | €1,434 | €1,483 | +€48 | +3.4% |
| Gross operating margin | 9900 | €15,284 | €35,912 | +€20,627 | +135.0% |
| Operating profit (loss) | 9901 | €13,157 | €33,460 | +€20,303 | +154.3% |
| Financial charges | 65/66B | €1,803 | €1,552 | -€251 | -13.9% |
| Recurring financial charges | 65 | €1,803 | €1,552 | -€251 | -13.9% |
| Non-recurring financial charges | 66B | €1,803 | - | -€1,803 | |
| Profit (loss) for the period before taxes | 9903 | €11,354 | €31,908 | +€20,554 | +181.0% |
| Income taxes | 67/77 | €512 | -€11 | -€523 | |
| Profit (loss) for the period | 9904 | €10,842 | €31,918 | +€21,077 | +194.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,842 | €31,918 | +€21,077 | +194.4% |
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 7 October 2026 via checked.be.