ZC WELDING: 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.
ZC WELDING
Largest movements
- Receivables within one year -€2,203
down €2,203 (-37.1%), from €5,943 to €3,739
- Cash -€1,818
down €1,818 (-25.1%), from €7,256 to €5,438
mainly Debts after one year (-€10,892) and Other debts (-€6,827)
- Formation expenses -€329
down €329 (-48.0%), from €686 to €356
- Tangible fixed assets +€212
up €212 (+99.6%), from €213 to €425
of which Furniture and vehicles: +€304
- Debts after one year -€10,892
down €10,892 (-39.4%), from €27,678 to €16,786
- Profit (loss) carried forward +€10,232
up €10,232 (+16.9%), from -€60,369 to -€50,136
- Other debts -€6,827
down €6,827 (-22.0%), from €31,081 to €24,254
- Current portion of long-term debt +€3,693
up €3,693 (+102%), from €3,604 to €7,297
- Tax, wage and social debts -€1,106
down €1,106 (-64.6%), from €1,712 to €606
- Gross operating margin +€6,755
up €6,755 (+109%), from €6,180 to €12,934
- Other operating charges +€293
up €293 (+129%), from €227 to €520
- Financial charges -€281
down €281 (-15.2%), from €1,855 to €1,574
- Staff costs -€229
down €229 (-67.7%), from €339 to €109
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 | €14,097 | €9,959 | -€4,139 | -29.4% |
| Formation expenses | 20 | €686 | €356 | -€329 | -48.0% |
| Fixed assets | 21/28 | €213 | €425 | +€212 | +99.6% |
| Tangible fixed assets | 22/27 | €213 | €425 | +€212 | +99.6% |
| Plant, machinery and equipment | 23 | €177 | €84 | -€92 | -52.2% |
| Furniture and vehicles | 24 | €36 | €340 | +€304 | +839% |
| Current assets | 29/58 | €13,199 | €9,177 | -€4,021 | -30.5% |
| Amounts receivable within one year | 40/41 | €5,943 | €3,739 | -€2,203 | -37.1% |
| Trade receivables | 40 | €5,943 | €3,739 | -€2,203 | -37.1% |
| Cash at bank and in hand | 54/58 | €7,256 | €5,438 | -€1,818 | -25.1% |
| Total equity and liabilities | 10/49 | €14,097 | €9,959 | -€4,139 | -29.4% |
| Equity | 10/15 | -€50,369 | -€40,136 | +€10,232 | +20.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,369 | -€50,136 | +€10,232 | +16.9% |
| Amounts payable | 17/49 | €64,466 | €50,095 | -€14,371 | -22.3% |
| Amounts payable after more than one year | 17 | €27,678 | €16,786 | -€10,892 | -39.4% |
| Financial debts | 170/4 | €27,678 | €16,786 | -€10,892 | -39.4% |
| Amounts payable within one year | 42/48 | €36,788 | €33,309 | -€3,479 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €3,604 | €7,297 | +€3,693 | +102% |
| Trade debts | 44 | €391 | €1,153 | +€761 | +195% |
| Suppliers | 440/4 | €391 | €1,153 | +€761 | +195% |
| Taxes, remuneration and social security | 45 | €1,712 | €606 | -€1,106 | -64.6% |
| Remuneration and social security | 454/9 | €1,712 | €606 | -€1,106 | -64.6% |
| Other amounts payable | 47/48 | €31,081 | €24,254 | -€6,827 | -22.0% |
| Remuneration, social security and pensions | 62 | €339 | €109 | -€229 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €499 | -€31 | -5.8% |
| Other operating charges | 640/8 | €227 | €520 | +€293 | +129% |
| Non-recurring operating charges | 66A | €28,119 | - | -€28,119 | |
| Gross operating margin | 9900 | €6,180 | €12,934 | +€6,755 | +109% |
| Operating profit (loss) | 9901 | -€23,034 | €11,806 | +€34,841 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,855 | €1,574 | -€281 | -15.2% |
| Recurring financial charges | 65 | €1,855 | €1,574 | -€281 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,887 | €10,232 | +€35,119 | |
| Profit (loss) for the period | 9904 | -€24,887 | €10,232 | +€35,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,887 | €10,232 | +€35,119 |
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 13 October 2026 via checked.be.