ZBW Projects: 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.
ZBW Projects
Largest movements
- Receivables within one year +€14,839
up €14,839 (+315.4%), from €4,705 to €19,544
of which Trade receivables: +€15,084
- Cash -€8,331
down €8,331 (-52.5%), from €15,872 to €7,541
mainly Receivables within one year (-€14,839) and Stocks and contracts (-€2,500)
- Stocks and contracts +€2,500
new in 2025: €2,500
- Other debts +€10,263
up €10,263 (+499.8%), from €2,053 to €12,316
- Tax, wage and social debts -€2,500
down €2,500 (-83.3%), from €3,000 to €500
- Reserves +€1,199
up €1,199 (+11.6%), from €10,304 to €11,503
- Gross operating margin -€11,997
down €11,997 (-85.8%), from €13,980 to €1,983
- Taxes -€2,553
down €2,553 (-85.1%), from €3,000 to €447
- Other operating charges -€532
down €532 (-81.8%), from €650 to €118
- Staff costs +€170
new in 2025: €170
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 | €20,577 | €29,585 | +€9,008 | +43.8% |
| Current assets | 29/58 | €20,577 | €29,585 | +€9,008 | +43.8% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Contracts in progress | 37 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €4,705 | €19,544 | +€14,839 | +315.4% |
| Trade receivables | 40 | €3,744 | €18,828 | +€15,084 | +402.9% |
| Other amounts receivable | 41 | €961 | €716 | -€245 | -25.5% |
| Cash at bank and in hand | 54/58 | €15,872 | €7,541 | -€8,331 | -52.5% |
| Total equity and liabilities | 10/49 | €20,577 | €29,585 | +€9,008 | +43.8% |
| Equity | 10/15 | €15,304 | €16,503 | +€1,199 | +7.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,304 | €11,503 | +€1,199 | +11.6% |
| Distributable reserves | 133 | €10,304 | €11,503 | +€1,199 | +11.6% |
| Amounts payable | 17/49 | €5,273 | €13,083 | +€7,809 | +148.1% |
| Amounts payable within one year | 42/48 | €5,273 | €13,083 | +€7,809 | +148.1% |
| Trade debts | 44 | €220 | €266 | +€46 | +21.0% |
| Suppliers | 440/4 | €220 | €266 | +€46 | +21.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €500 | -€2,500 | -83.3% |
| Taxes | 450/3 | €3,000 | €500 | -€2,500 | -83.3% |
| Other amounts payable | 47/48 | €2,053 | €12,316 | +€10,263 | +499.8% |
| Remuneration, social security and pensions | 62 | - | €170 | +€170 | |
| Other operating charges | 640/8 | €650 | €118 | -€532 | -81.8% |
| Gross operating margin | 9900 | €13,980 | €1,983 | -€11,997 | -85.8% |
| Operating profit (loss) | 9901 | €13,330 | €1,695 | -€11,635 | -87.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26 | €49 | +€23 | +88.7% |
| Recurring financial charges | 65 | €26 | €49 | +€23 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €13,304 | €1,646 | -€11,658 | -87.6% |
| Income taxes | 67/77 | €3,000 | €447 | -€2,553 | -85.1% |
| Profit (loss) for the period | 9904 | €10,304 | €1,199 | -€9,105 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,304 | €1,199 | -€9,105 | -88.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.