ZC ANESREA: what changed
ZC ANESREA
Largest movements
- Receivables within one year +€61,794
up €61,794 (+95.3%), from €64,810 to €126,604
of which Other amounts receivable: +€60,938
- Cash +€46,913
up €46,913 (+49.9%), from €94,064 to €140,977
mainly Net result for the year (+€111,487) and Deferred charges and accrued income (+€10,850)
- Deferred charges and accrued income -€10,850
down €10,850 (-62.1%), from €17,483 to €6,633
- Profit (loss) carried forward +€111,487
up €111,487 (+68.9%), from €161,728 to €273,214
- Tax, wage and social debts -€12,622
down €12,622 (-100%), from €12,622 to €0
of which Taxes: -€12,622
- Gross operating margin -€31,939
down €31,939 (-17.8%), from €179,521 to €147,582
- Taxes -€6,296
down €6,296 (-14.9%), from €42,122 to €35,826
- Financial income +€3,195
up €3,195 (+2,776%), from €115 to €3,310
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,115 | €276,372 | +€96,257 | +53.4% |
| Fixed assets | 21/28 | €3,758 | €2,158 | -€1,600 | -42.6% |
| Tangible fixed assets | 22/27 | €3,758 | €2,158 | -€1,600 | -42.6% |
| Furniture and vehicles | 24 | €3,758 | €2,158 | -€1,600 | -42.6% |
| Current assets | 29/58 | €176,357 | €274,214 | +€97,858 | +55.5% |
| Amounts receivable within one year | 40/41 | €64,810 | €126,604 | +€61,794 | +95.3% |
| Trade receivables | 40 | €41,545 | €42,401 | +€856 | +2.1% |
| Other amounts receivable | 41 | €23,265 | €84,203 | +€60,938 | +262% |
| Cash at bank and in hand | 54/58 | €94,064 | €140,977 | +€46,913 | +49.9% |
| Deferred charges and accrued income | 490/1 | €17,483 | €6,633 | -€10,850 | -62.1% |
| Total equity and liabilities | 10/49 | €180,115 | €276,372 | +€96,257 | +53.4% |
| Equity | 10/15 | €162,728 | €274,214 | +€111,487 | +68.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,728 | €273,214 | +€111,487 | +68.9% |
| Amounts payable | 17/49 | €17,387 | €2,158 | -€15,229 | -87.6% |
| Amounts payable within one year | 42/48 | €17,387 | €2,158 | -€15,229 | -87.6% |
| Trade debts | 44 | €3,599 | €2,158 | -€1,441 | -40.0% |
| Suppliers | 440/4 | €3,599 | €2,158 | -€1,441 | -40.0% |
| Taxes, remuneration and social security | 45 | €12,622 | €0 | -€12,622 | -100% |
| Taxes | 450/3 | €12,622 | €0 | -€12,622 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,166 | €0 | -€1,166 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,483 | €1,600 | +€117 | +7.9% |
| Gross operating margin | 9900 | €179,521 | €147,582 | -€31,939 | -17.8% |
| Operating profit (loss) | 9901 | €178,038 | €145,982 | -€32,056 | -18.0% |
| Financial income | 75/76B | €115 | €3,310 | +€3,195 | +2,776% |
| Recurring financial income | 75 | €115 | €3,310 | +€3,195 | +2,776% |
| Financial charges | 65/66B | €1,945 | €1,979 | +€34 | +1.7% |
| Recurring financial charges | 65 | €1,945 | €1,979 | +€34 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €176,208 | €147,313 | -€28,895 | -16.4% |
| Income taxes | 67/77 | €42,122 | €35,826 | -€6,296 | -14.9% |
| Profit (loss) for the period | 9904 | €134,086 | €111,487 | -€22,599 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,086 | €111,487 | -€22,599 | -16.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.