Z.Z.: what changed
What changed
Z.Z.
filed annual accounts (NBB)
Net result for the year
€6,681
2024 · €4,476+€2,205
Equity
€43,626
2024 · €36,945+€6,681
Cash
€3,914
2024 · €3,959-€45
Balance sheet total
€239,599
2024 · €263,374-€23,775
Largest movements
Assets
- Tangible fixed assets -€23,750
down €23,750 (-9.2%), from €259,000 to €235,250
Equity and liabilities
- Debts after one year -€29,855
down €29,855 (-36.3%), from €82,233 to €52,377
- Reserves +€6,681
up €6,681 (+36.4%), from €18,345 to €25,026
of which Distributable reserves: +€6,681
Income statement
- Gross operating margin +€1,591
up €1,591 (+4.5%), from €35,392 to €36,983
- Financial charges -€1,064
down €1,064 (-20.2%), from €5,265 to €4,201
- Taxes +€390
new in 2025: €390
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.
Result 2024
€4,476
Gross operating margin
+€1,591
Other operating charges
-€60
Financial charges
+€1,064
Taxes
-€390
Result 2025
€6,681
raises the resultlowers the result
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.
From operations
+€28,687
Investment
€0
Financing
-€28,732
Cash 2024
€3,959
From operations (derived)
+€28,687
Net result for the year
+€6,681
Depreciation
+€23,750
Deferred charges and accrued income
-€20
Trade debts
-€1,724
Financing
-€28,732
Debts after one year
-€29,855
Current portion of long-term debt
+€1,124
Cash 2025
€3,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,374 | €239,599 | -€23,775 | -9.0% |
| Fixed assets | 21/28 | €259,000 | €235,250 | -€23,750 | -9.2% |
| Tangible fixed assets | 22/27 | €259,000 | €235,250 | -€23,750 | -9.2% |
| Land and buildings | 22 | €259,000 | €235,250 | -€23,750 | -9.2% |
| Current assets | 29/58 | €4,374 | €4,349 | -€25 | -0.6% |
| Cash at bank and in hand | 54/58 | €3,959 | €3,914 | -€45 | -1.1% |
| Deferred charges and accrued income | 490/1 | €415 | €435 | +€20 | +4.8% |
| Total equity and liabilities | 10/49 | €263,374 | €239,599 | -€23,775 | -9.0% |
| Equity | 10/15 | €36,945 | €43,626 | +€6,681 | +18.1% |
| 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 | €18,345 | €25,026 | +€6,681 | +36.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,485 | €23,166 | +€6,681 | +40.5% |
| Amounts payable | 17/49 | €226,429 | €195,973 | -€30,456 | -13.5% |
| Amounts payable after more than one year | 17 | €82,233 | €52,377 | -€29,855 | -36.3% |
| Financial debts | 170/4 | €82,233 | €52,377 | -€29,855 | -36.3% |
| Amounts payable within one year | 42/48 | €144,196 | €143,595 | -€601 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €28,732 | €29,855 | +€1,124 | +3.9% |
| Trade debts | 44 | €1,724 | - | -€1,724 | |
| Suppliers | 440/4 | €1,724 | - | -€1,724 | |
| Other amounts payable | 47/48 | €113,740 | €113,740 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,750 | €23,750 | = | 0.0% |
| Other operating charges | 640/8 | €1,901 | €1,961 | +€60 | +3.2% |
| Gross operating margin | 9900 | €35,392 | €36,983 | +€1,591 | +4.5% |
| Operating profit (loss) | 9901 | €9,741 | €11,272 | +€1,531 | +15.7% |
| Financial charges | 65/66B | €5,265 | €4,201 | -€1,064 | -20.2% |
| Recurring financial charges | 65 | €5,265 | €4,201 | -€1,064 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €4,476 | €7,071 | +€2,595 | +58.0% |
| Income taxes | 67/77 | - | €390 | +€390 | |
| Profit (loss) for the period | 9904 | €4,476 | €6,681 | +€2,205 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,476 | €6,681 | +€2,205 | +49.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.