Z-STORE: 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.
Z-STORE
Largest movements
- Cash +€50,521
up €50,521 (+87.6%), from €57,703 to €108,224
mainly Receivables within one year (+€31,846) and Depreciation (+€20,246)
- Receivables within one year -€31,846
down €31,846 (-50.3%), from €63,271 to €31,425
of which Trade receivables: -€32,420
- Tangible fixed assets -€17,673
down €17,673 (-7.3%), from €242,663 to €224,990
of which Land and buildings: -€14,685
- Debts after one year -€14,960
down €14,960 (-10.3%), from €145,761 to €130,801
- Reserves +€11,432
up €11,432 (+6.9%), from €164,498 to €175,930
of which Distributable reserves: +€11,432
- Trade debts +€9,587
up €9,587 (+34.5%), from €27,752 to €37,338
- Gross operating margin -€3,654
down €3,654 (-2.5%), from €143,652 to €139,998
- Taxes -€1,722
down €1,722 (-27.3%), from €6,312 to €4,589
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 | €393,457 | €395,897 | +€2,440 | +0.6% |
| Fixed assets | 21/28 | €242,713 | €225,040 | -€17,673 | -7.3% |
| Tangible fixed assets | 22/27 | €242,663 | €224,990 | -€17,673 | -7.3% |
| Land and buildings | 22 | €224,950 | €210,265 | -€14,685 | -6.5% |
| Plant, machinery and equipment | 23 | €7,874 | €6,442 | -€1,432 | -18.2% |
| Furniture and vehicles | 24 | €9,839 | €8,282 | -€1,556 | -15.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €150,744 | €170,857 | +€20,113 | +13.3% |
| Stocks and contracts in progress | 3 | €28,912 | €29,729 | +€817 | +2.8% |
| Stocks | 30/36 | €28,912 | €29,729 | +€817 | +2.8% |
| Amounts receivable within one year | 40/41 | €63,271 | €31,425 | -€31,846 | -50.3% |
| Trade receivables | 40 | €56,692 | €24,272 | -€32,420 | -57.2% |
| Other amounts receivable | 41 | €6,579 | €7,153 | +€574 | +8.7% |
| Cash at bank and in hand | 54/58 | €57,703 | €108,224 | +€50,521 | +87.6% |
| Deferred charges and accrued income | 490/1 | €858 | €1,480 | +€622 | +72.4% |
| Total equity and liabilities | 10/49 | €393,457 | €395,897 | +€2,440 | +0.6% |
| Equity | 10/15 | €184,329 | €195,761 | +€11,432 | +6.2% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €164,498 | €175,930 | +€11,432 | +6.9% |
| Tax-exempt reserves | 132 | €2,972 | €2,972 | = | 0.0% |
| Distributable reserves | 133 | €161,526 | €172,958 | +€11,432 | +7.1% |
| Amounts payable | 17/49 | €209,128 | €200,135 | -€8,992 | -4.3% |
| Amounts payable after more than one year | 17 | €145,761 | €130,801 | -€14,960 | -10.3% |
| Financial debts | 170/4 | €145,761 | €130,801 | -€14,960 | -10.3% |
| Amounts payable within one year | 42/48 | €63,367 | €69,334 | +€5,968 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €14,706 | €14,960 | +€254 | +1.7% |
| Trade debts | 44 | €27,752 | €37,338 | +€9,587 | +34.5% |
| Suppliers | 440/4 | €27,752 | €37,338 | +€9,587 | +34.5% |
| Taxes, remuneration and social security | 45 | €20,016 | €16,220 | -€3,796 | -19.0% |
| Taxes | 450/3 | €9,250 | €6,581 | -€2,670 | -28.9% |
| Remuneration and social security | 454/9 | €10,766 | €9,639 | -€1,127 | -10.5% |
| Other amounts payable | 47/48 | €893 | €816 | -€77 | -8.6% |
| Remuneration, social security and pensions | 62 | €99,153 | €99,728 | +€575 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,440 | €20,246 | +€807 | +4.1% |
| Other operating charges | 640/8 | €2,878 | €2,566 | -€312 | -10.8% |
| Gross operating margin | 9900 | €143,652 | €139,998 | -€3,654 | -2.5% |
| Operating profit (loss) | 9901 | €22,181 | €17,457 | -€4,724 | -21.3% |
| Financial income | 75/76B | €2,171 | €1,935 | -€236 | -10.9% |
| Recurring financial income | 75 | €2,171 | €1,935 | -€236 | -10.9% |
| Financial charges | 65/66B | €3,639 | €3,371 | -€268 | -7.4% |
| Recurring financial charges | 65 | €3,639 | €3,371 | -€268 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €20,714 | €16,022 | -€4,692 | -22.7% |
| Income taxes | 67/77 | €6,312 | €4,589 | -€1,722 | -27.3% |
| Profit (loss) for the period | 9904 | €14,402 | €11,432 | -€2,970 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,402 | €11,432 | -€2,970 | -20.6% |
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 11 October 2026 via checked.be.