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ZCC: 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.

What changed

ZCC

BE 0735.977.996
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,396
2024 · €11,336+€1,061
Equity
€48,118
2024 · €52,972-€4,854
Cash
€2,499
2024 · €20,865-€18,366
Balance sheet total
€137,489
2024 · €84,222+€53,267

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€70,686

    up €70,686 (+138.0%), from €51,229 to €121,916

    of which Trade receivables: +€65,013

  • Cash -€18,366

    down €18,366 (-88.0%), from €20,865 to €2,499

    mainly Receivables within one year (-€70,686) and Contributions, distributions and other (-€17,250)

  • Tangible fixed assets +€2,393

    up €2,393 (+27.5%), from €8,689 to €11,082

    of which Furniture and vehicles: +€3,337

  • Deferred charges and accrued income -€1,447

    down €1,447 (-42.1%), from €3,439 to €1,992

Equity and liabilities
  • Tax, wage and social debts +€34,250

    up €34,250 (+208.9%), from €16,397 to €50,647

    of which Remuneration and social security: +€21,761

  • Other debts +€17,250

    new in 2025: €17,250

  • Trade debts +€6,620

    up €6,620 (+44.6%), from €14,853 to €21,473

  • Profit (loss) carried forward -€4,854

    down €4,854 (-10.4%), from €46,472 to €41,618

Income statement
  • Gross operating margin +€6,364

    up €6,364 (+33.1%), from €19,204 to €25,569

  • Taxes +€2,192

    up €2,192 (+68.9%), from €3,180 to €5,372

  • Other operating charges +€1,533

    up €1,533 (+266.3%), from €576 to €2,109

  • Depreciation +€934

    up €934 (+22.4%), from €4,168 to €5,102

  • Financial income -€415

    down €415 (-100.0%), from €415 to €0

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €11,336
Gross operating margin +€6,364
Depreciation -€934
Other operating charges -€1,533
Financial income -€415
Financial charges -€230
Taxes -€2,192
Result 2025 €12,396

Cash bridge derived

cash 2024 to 2025

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.

From operations +€6,379
Investment -€7,495
Financing -€17,250
Cash 2024 €20,865
Net result for the year +€12,396
Depreciation +€5,102
Receivables within one year -€70,686
Deferred charges and accrued income +€1,447
Trade debts +€6,620
Tax, wage and social debts +€34,250
Other debts +€17,250
Investment in fixed assets (net) -€7,495
Contributions, distributions and other -€17,250
Cash 2025 €2,499
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €84,222 €137,489 +€53,267 +63.2%
Fixed assets 21/28 €8,689 €11,082 +€2,393 +27.5%
Tangible fixed assets 22/27 €8,689 €11,082 +€2,393 +27.5%
Plant, machinery and equipment 23 €6,176 €5,232 -€944 -15.3%
Furniture and vehicles 24 €2,513 €5,850 +€3,337 +132.8%
Current assets 29/58 €75,533 €126,406 +€50,873 +67.4%
Amounts receivable within one year 40/41 €51,229 €121,916 +€70,686 +138.0%
Trade receivables 40 €36,904 €101,918 +€65,013 +176.2%
Other amounts receivable 41 €14,325 €19,998 +€5,673 +39.6%
Cash at bank and in hand 54/58 €20,865 €2,499 -€18,366 -88.0%
Deferred charges and accrued income 490/1 €3,439 €1,992 -€1,447 -42.1%
Total equity and liabilities 10/49 €84,222 €137,489 +€53,267 +63.2%
Equity 10/15 €52,972 €48,118 -€4,854 -9.2%
Contributions 10/11 €6,500 €6,500 = 0.0%
Profit (loss) carried forward 14 €46,472 €41,618 -€4,854 -10.4%
Amounts payable 17/49 €31,250 €89,370 +€58,120 +186.0%
Amounts payable within one year 42/48 €31,250 €89,370 +€58,120 +186.0%
Trade debts 44 €14,853 €21,473 +€6,620 +44.6%
Suppliers 440/4 €14,853 €21,473 +€6,620 +44.6%
Taxes, remuneration and social security 45 €16,397 €50,647 +€34,250 +208.9%
Taxes 450/3 €3,158 €15,647 +€12,490 +395.5%
Remuneration and social security 454/9 €13,239 €35,000 +€21,761 +164.4%
Other amounts payable 47/48 - €17,250 +€17,250
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €4,168 €5,102 +€934 +22.4%
Other operating charges 640/8 €576 €2,109 +€1,533 +266.3%
Gross operating margin 9900 €19,204 €25,569 +€6,364 +33.1%
Operating profit (loss) 9901 €14,460 €18,358 +€3,897 +27.0%
Financial income 75/76B €415 €0 -€415 -100.0%
Recurring financial income 75 €415 €0 -€415 -100.0%
Financial charges 65/66B €360 €590 +€230 +64.0%
Recurring financial charges 65 €360 €590 +€230 +64.0%
Profit (loss) for the period before taxes 9903 €14,515 €17,768 +€3,253 +22.4%
Income taxes 67/77 €3,180 €5,372 +€2,192 +68.9%
Profit (loss) for the period 9904 €11,336 €12,396 +€1,061 +9.4%
Profit (loss) for the period to be appropriated 9905 €11,336 €12,396 +€1,061 +9.4%

Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.