Z & Y: 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 & Y
Largest movements
- Receivables within one year +€30,419
up €30,419 (+585%), from €5,199 to €35,618
of which Trade receivables: +€32,189
- Tangible fixed assets +€21,956
up €21,956 (+104%), from €21,080 to €43,037
of which Furniture and vehicles: +€22,561
- Stocks and contracts -€16,541
down €16,541 (-71.6%), from €23,110 to €6,569
- Cash +€4,892
up €4,892 (+114%), from €4,310 to €9,202
mainly Net result for the year (+€35,575) and Stocks and contracts (+€16,541)
- Deferred charges and accrued income -€2,327
no longer reported in 2025 (was €2,327)
- Profit (loss) carried forward +€35,575
up €35,575 (+9,313%), from €382 to €35,957
- Tax, wage and social debts -€5,467
down €5,467 (-23.4%), from €23,321 to €17,853
of which Remuneration and social security: -€3,800
- Trade debts +€4,296
up €4,296 (+34.1%), from €12,611 to €16,907
- Other debts +€3,996
up €3,996 (+27.2%), from €14,713 to €18,709
- Turnover +€619,605
new in 2025: €619,605
- Purchases and services +€561,072
new in 2025: €561,072
- Gross operating margin +€25,148
up €25,148 (+75.3%), from €33,385 to €58,533
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.
Derived cash bridge
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 | €56,027 | €94,426 | +€38,400 | +68.5% |
| Fixed assets | 21/28 | €21,080 | €43,037 | +€21,956 | +104% |
| Tangible fixed assets | 22/27 | €21,080 | €43,037 | +€21,956 | +104% |
| Plant, machinery and equipment | 23 | €1,600 | €995 | -€605 | -37.8% |
| Furniture and vehicles | 24 | €19,481 | €42,042 | +€22,561 | +116% |
| Current assets | 29/58 | €34,946 | €51,390 | +€16,443 | +47.1% |
| Stocks and contracts in progress | 3 | €23,110 | €6,569 | -€16,541 | -71.6% |
| Stocks | 30/36 | €23,110 | €6,569 | -€16,541 | -71.6% |
| Amounts receivable within one year | 40/41 | €5,199 | €35,618 | +€30,419 | +585% |
| Trade receivables | 40 | €3,203 | €35,391 | +€32,189 | +1,005% |
| Other amounts receivable | 41 | €1,997 | €227 | -€1,770 | -88.6% |
| Cash at bank and in hand | 54/58 | €4,310 | €9,202 | +€4,892 | +114% |
| Deferred charges and accrued income | 490/1 | €2,327 | - | -€2,327 | |
| Total equity and liabilities | 10/49 | €56,027 | €94,426 | +€38,400 | +68.5% |
| Equity | 10/15 | €5,382 | €40,957 | +€35,575 | +661% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €382 | €35,957 | +€35,575 | +9,313% |
| Amounts payable | 17/49 | €50,645 | €53,469 | +€2,825 | +5.6% |
| Amounts payable within one year | 42/48 | €50,645 | €53,469 | +€2,825 | +5.6% |
| Trade debts | 44 | €12,611 | €16,907 | +€4,296 | +34.1% |
| Suppliers | 440/4 | €12,611 | €16,907 | +€4,296 | +34.1% |
| Taxes, remuneration and social security | 45 | €23,321 | €17,853 | -€5,467 | -23.4% |
| Taxes | 450/3 | €4,861 | €3,194 | -€1,667 | -34.3% |
| Remuneration and social security | 454/9 | €18,459 | €14,659 | -€3,800 | -20.6% |
| Other amounts payable | 47/48 | €14,713 | €18,709 | +€3,996 | +27.2% |
| Turnover | 70 | - | €619,605 | +€619,605 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €561,072 | +€561,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,017 | €13,344 | +€5,326 | +66.4% |
| Other operating charges | 640/8 | €3,301 | €1,562 | -€1,739 | -52.7% |
| Gross operating margin | 9900 | €33,385 | €58,533 | +€25,148 | +75.3% |
| Operating profit (loss) | 9901 | €22,067 | €43,628 | +€21,561 | +97.7% |
| Financial income | 75/76B | €997 | €0 | -€997 | -100.0% |
| Recurring financial income | 75 | €997 | €0 | -€997 | -100.0% |
| Financial charges | 65/66B | €2,093 | €7,885 | +€5,792 | +277% |
| Recurring financial charges | 65 | €2,093 | €7,885 | +€5,792 | +277% |
| Profit (loss) for the period before taxes | 9903 | €20,971 | €35,743 | +€14,772 | +70.4% |
| Income taxes | 67/77 | €1,017 | €168 | -€850 | -83.5% |
| Profit (loss) for the period | 9904 | €19,954 | €35,575 | +€15,622 | +78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,954 | €35,575 | +€15,622 | +78.3% |
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 16 October 2026 via checked.be.