Z & Z DISTRIBUTION: 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 DISTRIBUTION
Largest movements
- Receivables within one year -€40,551
down €40,551 (-15.7%), from €258,270 to €217,719
of which Other amounts receivable: -€46,978
- Stocks and contracts -€4,131
down €4,131 (-9.4%), from €43,798 to €39,667
- Trade debts -€54,511
down €54,511 (-32.8%), from €166,005 to €111,494
- Profit (loss) carried forward +€5,803
up €5,803 (+16.2%), from €35,791 to €41,594
- Purchases and services +€281,378
up €281,378 (+24.0%), from €1.2m to €1.5m
- Turnover +€277,978
up €277,978 (+22.9%), from €1.2m to €1.5m
- Staff costs +€22,794
up €22,794 (+244%), from €9,325 to €32,119
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 | €303,007 | €258,197 | -€44,810 | -14.8% |
| Current assets | 29/58 | €303,007 | €258,197 | -€44,810 | -14.8% |
| Stocks and contracts in progress | 3 | €43,798 | €39,667 | -€4,131 | -9.4% |
| Stocks | 30/36 | €43,798 | €39,667 | -€4,131 | -9.4% |
| Amounts receivable within one year | 40/41 | €258,270 | €217,719 | -€40,551 | -15.7% |
| Trade receivables | 40 | €195,827 | €202,254 | +€6,427 | +3.3% |
| Other amounts receivable | 41 | €62,443 | €15,465 | -€46,978 | -75.2% |
| Cash at bank and in hand | 54/58 | €939 | €811 | -€128 | -13.6% |
| Total equity and liabilities | 10/49 | €303,007 | €258,197 | -€44,810 | -14.8% |
| Equity | 10/15 | €102,508 | €108,311 | +€5,803 | +5.7% |
| Contributions | 10/11 | €60,734 | €60,734 | = | 0.0% |
| Capital | 10 | €60,734 | €60,734 | = | 0.0% |
| Issued capital | 100 | €60,734 | €60,734 | = | 0.0% |
| Reserves | 13 | €5,983 | €5,983 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,983 | €5,983 | = | 0.0% |
| Legal reserve | 130 | €5,983 | €5,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,791 | €41,594 | +€5,803 | +16.2% |
| Amounts payable | 17/49 | €200,499 | €149,886 | -€50,613 | -25.2% |
| Amounts payable within one year | 42/48 | €194,499 | €143,739 | -€50,760 | -26.1% |
| Financial debts | 43 | €13,436 | €13,568 | +€132 | +1.0% |
| Credit institutions | 430/8 | €13,436 | €13,568 | +€132 | +1.0% |
| Trade debts | 44 | €166,005 | €111,494 | -€54,511 | -32.8% |
| Suppliers | 440/4 | €166,005 | €111,494 | -€54,511 | -32.8% |
| Taxes, remuneration and social security | 45 | €2,250 | €4,869 | +€2,619 | +116% |
| Taxes | 450/3 | - | €537 | +€537 | |
| Remuneration and social security | 454/9 | €2,250 | €4,332 | +€2,082 | +92.5% |
| Other amounts payable | 47/48 | €12,808 | €13,808 | +€1,000 | +7.8% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,147 | +€147 | +2.5% |
| Turnover | 70 | €1,214,476 | €1,492,454 | +€277,978 | +22.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,172,255 | €1,453,633 | +€281,378 | +24.0% |
| Remuneration, social security and pensions | 62 | €9,325 | €32,119 | +€22,794 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,065 | - | -€7,065 | |
| Other operating charges | 640/8 | €2,418 | €2,198 | -€220 | -9.1% |
| Non-recurring operating charges | 66A | €5,425 | - | -€5,425 | |
| Gross operating margin | 9900 | €42,642 | €47,605 | +€4,963 | +11.6% |
| Operating profit (loss) | 9901 | €18,409 | €13,288 | -€5,121 | -27.8% |
| Financial income | 75/76B | €2 | €61 | +€59 | +2,950% |
| Recurring financial income | 75 | €2 | €61 | +€59 | +2,950% |
| Financial charges | 65/66B | €2,049 | €2,735 | +€686 | +33.5% |
| Recurring financial charges | 65 | €2,049 | €2,735 | +€686 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €16,362 | €10,614 | -€5,748 | -35.1% |
| Income taxes | 67/77 | €4,310 | €4,811 | +€501 | +11.6% |
| Profit (loss) for the period | 9904 | €12,052 | €5,803 | -€6,249 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,052 | €5,803 | -€6,249 | -51.9% |
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 30 October 2026 via checked.be.