Z&Z DEVELOPMENT: 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&Z DEVELOPMENT
Largest movements
- Receivables within one year -€33,978
down €33,978 (-99.2%), from €34,257 to €278
of which Trade receivables: -€33,880
- Tangible fixed assets -€7,875
down €7,875 (-3.9%), from €200,502 to €192,627
of which Furniture and vehicles: -€7,002
- Cash -€4,561
down €4,561 (-9.4%), from €48,479 to €43,918
mainly Contributions, distributions and other (-€34,733) and Debts after one year (-€23,423)
- Debts after one year -€23,423
down €23,423 (-17.2%), from €136,292 to €112,870
- Tax, wage and social debts -€17,481
down €17,481 (-54.0%), from €32,344 to €14,863
- Profit (loss) carried forward -€7,417
down €7,417 (-21.4%), from €34,733 to €27,316
- Gross operating margin -€14,927
down €14,927 (-21.9%), from €68,074 to €53,147
- Taxes -€7,476
down €7,476 (-49.8%), from €15,022 to €7,546
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 | €286,310 | €240,595 | -€45,715 | -16.0% |
| Fixed assets | 21/28 | €200,502 | €192,627 | -€7,875 | -3.9% |
| Tangible fixed assets | 22/27 | €200,502 | €192,627 | -€7,875 | -3.9% |
| Land and buildings | 22 | €184,133 | €178,613 | -€5,520 | -3.0% |
| Plant, machinery and equipment | 23 | €252 | €4,899 | +€4,648 | +1,847% |
| Furniture and vehicles | 24 | €16,117 | €9,115 | -€7,002 | -43.4% |
| Current assets | 29/58 | €85,809 | €47,968 | -€37,841 | -44.1% |
| Amounts receivable within one year | 40/41 | €34,257 | €278 | -€33,978 | -99.2% |
| Trade receivables | 40 | €33,880 | - | -€33,880 | |
| Other amounts receivable | 41 | €377 | €278 | -€98 | -26.1% |
| Cash at bank and in hand | 54/58 | €48,479 | €43,918 | -€4,561 | -9.4% |
| Deferred charges and accrued income | 490/1 | €3,072 | €3,771 | +€699 | +22.7% |
| Total equity and liabilities | 10/49 | €286,310 | €240,595 | -€45,715 | -16.0% |
| Equity | 10/15 | €39,733 | €32,316 | -€7,417 | -18.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,733 | €27,316 | -€7,417 | -21.4% |
| Amounts payable | 17/49 | €246,578 | €208,279 | -€38,299 | -15.5% |
| Amounts payable after more than one year | 17 | €136,292 | €112,870 | -€23,423 | -17.2% |
| Financial debts | 170/4 | €136,292 | €112,870 | -€23,423 | -17.2% |
| Amounts payable within one year | 42/48 | €110,285 | €95,409 | -€14,876 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €25,527 | €25,811 | +€283 | +1.1% |
| Trade debts | 44 | €2,236 | €4,268 | +€2,033 | +90.9% |
| Suppliers | 440/4 | €2,236 | €4,268 | +€2,033 | +90.9% |
| Taxes, remuneration and social security | 45 | €32,344 | €14,863 | -€17,481 | -54.0% |
| Taxes | 450/3 | €32,344 | €14,863 | -€17,481 | -54.0% |
| Other amounts payable | 47/48 | €50,178 | €50,467 | +€289 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,828 | €12,893 | +€65 | +0.5% |
| Other operating charges | 640/8 | €1,640 | €1,691 | +€51 | +3.1% |
| Gross operating margin | 9900 | €68,074 | €53,147 | -€14,927 | -21.9% |
| Operating profit (loss) | 9901 | €53,606 | €38,562 | -€15,043 | -28.1% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €4,150 | €3,701 | -€449 | -10.8% |
| Recurring financial charges | 65 | €4,150 | €3,701 | -€449 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €49,502 | €34,862 | -€14,641 | -29.6% |
| Income taxes | 67/77 | €15,022 | €7,546 | -€7,476 | -49.8% |
| Profit (loss) for the period | 9904 | €34,480 | €27,316 | -€7,164 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,480 | €27,316 | -€7,164 | -20.8% |
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.