Z Services: what changed
Z Services
Largest movements
- Receivables within one year +€106,963
up €106,963 (+709%), from €15,082 to €122,045
of which Trade receivables: +€105,518
- Deferred charges and accrued income -€31,864
no longer reported in 2025 (was €31,864)
- Advances received +€79,754
up €79,754 (+250%), from €31,864 to €111,618
- Tax, wage and social debts -€4,874
down €4,874 (-85.4%), from €5,709 to €835
of which Remuneration and social security: -€5,206
- Profit (loss) carried forward +€3,327
up €3,327 (+63.9%), from -€5,211 to -€1,884
- Accrued charges and deferred income -€3,061
no longer reported in 2025 (was €3,061)
- Staff costs -€39,410
down €39,410 (-91.6%), from €43,005 to €3,595
- Gross operating margin -€17,614
down €17,614 (-68.7%), from €25,656 to €8,042
- Financial charges -€1,681
down €1,681 (-95.1%), from €1,767 to €86
- Other operating charges +€352
up €352 (+83.0%), from €424 to €777
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,790 | €122,633 | +€74,843 | +157% |
| Fixed assets | 21/28 | €844 | €587 | -€257 | -30.5% |
| Tangible fixed assets | 22/27 | €844 | €587 | -€257 | -30.5% |
| Plant, machinery and equipment | 23 | €844 | €587 | -€257 | -30.5% |
| Current assets | 29/58 | €46,946 | €122,046 | +€75,100 | +160% |
| Amounts receivable within one year | 40/41 | €15,082 | €122,045 | +€106,963 | +709% |
| Trade receivables | 40 | €14,993 | €120,511 | +€105,518 | +704% |
| Other amounts receivable | 41 | €90 | €1,534 | +€1,444 | +1,610% |
| Cash at bank and in hand | 54/58 | - | €1 | +€1 | |
| Deferred charges and accrued income | 490/1 | €31,864 | - | -€31,864 | |
| Total equity and liabilities | 10/49 | €47,790 | €122,633 | +€74,843 | +157% |
| Equity | 10/15 | -€3,211 | €116 | +€3,327 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,211 | -€1,884 | +€3,327 | +63.9% |
| Amounts payable | 17/49 | €51,001 | €122,516 | +€71,516 | +140% |
| Amounts payable within one year | 42/48 | €47,940 | €122,516 | +€74,577 | +156% |
| Financial debts | 43 | €0 | €407 | +€407 | +312,846% |
| Credit institutions | 430/8 | €0 | €407 | +€407 | +312,846% |
| Trade debts | 44 | €3,449 | €2,654 | -€795 | -23.1% |
| Suppliers | 440/4 | €3,449 | €2,654 | -€795 | -23.1% |
| Advances received on contracts in progress | 46 | €31,864 | €111,618 | +€79,754 | +250% |
| Taxes, remuneration and social security | 45 | €5,709 | €835 | -€4,874 | -85.4% |
| Taxes | 450/3 | - | €332 | +€332 | |
| Remuneration and social security | 454/9 | €5,709 | €503 | -€5,206 | -91.2% |
| Other amounts payable | 47/48 | €6,918 | €7,003 | +€85 | +1.2% |
| Accrued charges and deferred income | 492/3 | €3,061 | - | -€3,061 | |
| Remuneration, social security and pensions | 62 | €43,005 | €3,595 | -€39,410 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | €257 | +€0 | 0.0% |
| Other operating charges | 640/8 | €424 | €777 | +€352 | +83.0% |
| Gross operating margin | 9900 | €25,656 | €8,042 | -€17,614 | -68.7% |
| Operating profit (loss) | 9901 | -€18,031 | €3,413 | +€21,444 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,767 | €86 | -€1,681 | -95.1% |
| Recurring financial charges | 65 | €1,767 | €86 | -€1,681 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,797 | €3,327 | +€23,124 | |
| Profit (loss) for the period | 9904 | -€19,797 | €3,327 | +€23,124 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,797 | €3,327 | +€23,124 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.