ZACQ: 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.
ZACQ
Largest movements
- Cash +€43,967
up €43,967 (+194.2%), from €22,634 to €66,602
mainly Net result for the year (+€261,108) and Advances received (+€66,469)
- Receivables within one year +€40,691
up €40,691 (+73.7%), from €55,248 to €95,939
of which Other amounts receivable: +€71,988
- Tangible fixed assets -€3,232
down €3,232 (-20.1%), from €16,044 to €12,813
of which Land and buildings: -€2,635
- Advances received +€66,469
new in 2025: €66,469
- Profit (loss) carried forward +€25,814
up €25,814 (+43.6%), from €59,204 to €85,018
- Other debts -€13,257
down €13,257 (-100.0%), from €13,257 to €0
- Trade debts +€3,565
up €3,565 (+203.5%), from €1,751 to €5,316
- Gross operating margin +€231,864
up €231,864 (+338.4%), from €68,521 to €300,385
- Other operating charges +€5,933
up €5,933 (+408.9%), from €1,451 to €7,384
- Taxes +€3,775
up €3,775 (+14.4%), from €26,165 to €29,940
- Financial income +€3,137
up €3,137 (+133.9%), from €2,343 to €5,480
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 | €93,927 | €175,353 | +€81,426 | +86.7% |
| Fixed assets | 21/28 | €16,044 | €12,813 | -€3,232 | -20.1% |
| Tangible fixed assets | 22/27 | €16,044 | €12,813 | -€3,232 | -20.1% |
| Land and buildings | 22 | €4,636 | €2,002 | -€2,635 | -56.8% |
| Furniture and vehicles | 24 | €788 | €191 | -€597 | -75.8% |
| Other tangible fixed assets | 26 | €10,620 | €10,620 | = | 0.0% |
| Current assets | 29/58 | €77,883 | €162,541 | +€84,658 | +108.7% |
| Amounts receivable within one year | 40/41 | €55,248 | €95,939 | +€40,691 | +73.7% |
| Trade receivables | 40 | €33,209 | €1,913 | -€31,297 | -94.2% |
| Other amounts receivable | 41 | €22,039 | €94,026 | +€71,988 | +326.6% |
| Cash at bank and in hand | 54/58 | €22,634 | €66,602 | +€43,967 | +194.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €93,927 | €175,353 | +€81,426 | +86.7% |
| Equity | 10/15 | €77,754 | €103,568 | +€25,814 | +33.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,204 | €85,018 | +€25,814 | +43.6% |
| Amounts payable | 17/49 | €16,173 | €71,785 | +€55,612 | +343.9% |
| Amounts payable within one year | 42/48 | €16,173 | €71,785 | +€55,612 | +343.9% |
| Trade debts | 44 | €1,751 | €5,316 | +€3,565 | +203.5% |
| Suppliers | 440/4 | €1,751 | €5,316 | +€3,565 | +203.5% |
| Advances received on contracts in progress | 46 | - | €66,469 | +€66,469 | |
| Taxes, remuneration and social security | 45 | €1,165 | €0 | -€1,165 | -100.0% |
| Taxes | 450/3 | €1,165 | €0 | -€1,165 | -100.0% |
| Other amounts payable | 47/48 | €13,257 | €0 | -€13,257 | -100.0% |
| Non-recurring operating income | 76A | - | €34,146 | +€34,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,921 | €3,232 | -€690 | -17.6% |
| Other operating charges | 640/8 | €1,451 | €7,384 | +€5,933 | +408.9% |
| Gross operating margin | 9900 | €68,521 | €300,385 | +€231,864 | +338.4% |
| Operating profit (loss) | 9901 | €63,148 | €289,769 | +€226,620 | +358.9% |
| Financial income | 75/76B | €2,343 | €5,480 | +€3,137 | +133.9% |
| Recurring financial income | 75 | €2,343 | €5,480 | +€3,137 | +133.9% |
| Financial charges | 65/66B | €1,411 | €4,201 | +€2,790 | +197.8% |
| Recurring financial charges | 65 | €1,411 | €4,201 | +€2,790 | +197.8% |
| Profit (loss) for the period before taxes | 9903 | €64,080 | €291,048 | +€226,968 | +354.2% |
| Income taxes | 67/77 | €26,165 | €29,940 | +€3,775 | +14.4% |
| Profit (loss) for the period | 9904 | €37,915 | €261,108 | +€223,193 | +588.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,915 | €261,108 | +€223,193 | +588.7% |
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.