ZanXRay: what changed
Two fiscal 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.
ZanXRay
Largest movements
- Cash +€99,064
up €99,064 (+68.3%), from €145,118 to €244,182
mainly Net result for the year (+€186,047) and Other debts (+€64,000)
- Receivables within one year +€41,594
up €41,594 (+44.1%), from €94,322 to €135,916
of which Other amounts receivable: +€42,852
- Tangible fixed assets +€16,922
up €16,922 (+2690.3%), from €629 to €17,551
of which Other tangible fixed assets: +€14,501
- Other debts +€64,000
up €64,000 (+213.3%), from €30,000 to €94,000
- Tax, wage and social debts +€53,313
up €53,313 (+99.2%), from €53,761 to €107,074
- Profit (loss) carried forward +€38,546
up €38,546 (+26.2%), from €147,142 to €185,688
- Gross operating margin +€10,979
up €10,979 (+4.7%), from €232,073 to €243,052
- Taxes +€3,551
up €3,551 (+6.6%), from €53,761 to €57,312
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 | €240,068 | €397,665 | +€157,597 | +65.6% |
| Fixed assets | 21/28 | €629 | €17,551 | +€16,922 | +2690.3% |
| Tangible fixed assets | 22/27 | €629 | €17,551 | +€16,922 | +2690.3% |
| Furniture and vehicles | 24 | €629 | €3,050 | +€2,421 | +384.9% |
| Other tangible fixed assets | 26 | - | €14,501 | +€14,501 | |
| Current assets | 29/58 | €239,439 | €380,114 | +€140,675 | +58.8% |
| Amounts receivable within one year | 40/41 | €94,322 | €135,916 | +€41,594 | +44.1% |
| Trade receivables | 40 | €76,401 | €75,143 | -€1,258 | -1.6% |
| Other amounts receivable | 41 | €17,921 | €60,773 | +€42,852 | +239.1% |
| Cash at bank and in hand | 54/58 | €145,118 | €244,182 | +€99,064 | +68.3% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €240,068 | €397,665 | +€157,597 | +65.6% |
| Equity | 10/15 | €150,642 | €189,188 | +€38,546 | +25.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,142 | €185,688 | +€38,546 | +26.2% |
| Amounts payable | 17/49 | €89,427 | €208,477 | +€119,050 | +133.1% |
| Amounts payable within one year | 42/48 | €89,427 | €208,477 | +€119,050 | +133.1% |
| Trade debts | 44 | €5,666 | €7,403 | +€1,737 | +30.7% |
| Suppliers | 440/4 | €5,666 | €7,403 | +€1,737 | +30.7% |
| Taxes, remuneration and social security | 45 | €53,761 | €107,074 | +€53,313 | +99.2% |
| Taxes | 450/3 | €53,761 | €107,074 | +€53,313 | +99.2% |
| Other amounts payable | 47/48 | €30,000 | €94,000 | +€64,000 | +213.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €1,379 | +€558 | +68.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | €232,073 | €243,052 | +€10,979 | +4.7% |
| Operating profit (loss) | 9901 | €230,865 | €241,273 | +€10,408 | +4.5% |
| Financial income | 75/76B | €93 | €2,132 | +€2,039 | +2195.9% |
| Recurring financial income | 75 | €93 | €2,132 | +€2,039 | +2195.9% |
| Financial charges | 65/66B | €55 | €46 | -€9 | -17.1% |
| Recurring financial charges | 65 | €55 | €46 | -€9 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €230,902 | €243,359 | +€12,457 | +5.4% |
| Income taxes | 67/77 | €53,761 | €57,312 | +€3,551 | +6.6% |
| Profit (loss) for the period | 9904 | €177,142 | €186,047 | +€8,905 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €177,142 | €186,047 | +€8,905 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.