ZD Transport: 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.
ZD Transport
Largest movements
- Receivables within one year +€72,011
up €72,011 (+2,467%), from €2,919 to €74,930
- Cash +€22,678
up €22,678 (+204%), from €11,112 to €33,791
mainly Trade debts (+€48,210) and Net result for the year (+€35,782)
- Tangible fixed assets +€5,623
new in 2025: €5,623
- Trade debts +€48,210
up €48,210, from €0 to €48,210
- Profit (loss) carried forward +€35,782
up €35,782 (+3,618%), from €989 to €36,771
- Tax, wage and social debts +€20,969
up €20,969 (+3,772%), from €556 to €21,525
- Other debts -€5,782
down €5,782 (-45.8%), from €12,619 to €6,837
- Gross operating margin +€45,651
up €45,651 (+3,508%), from €1,301 to €46,952
- Taxes +€9,177
up €9,177 (+3,712%), from €247 to €9,424
- Depreciation +€1,377
new in 2025: €1,377
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 | €24,164 | €123,344 | +€99,180 | +410% |
| Fixed assets | 21/28 | €9,000 | €14,623 | +€5,623 | +62.5% |
| Tangible fixed assets | 22/27 | - | €5,623 | +€5,623 | |
| Furniture and vehicles | 24 | - | €5,623 | +€5,623 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €15,164 | €108,721 | +€93,557 | +617% |
| Amounts receivable within one year | 40/41 | €2,919 | €74,930 | +€72,011 | +2,467% |
| Trade receivables | 40 | €2,919 | €74,930 | +€72,011 | +2,467% |
| Cash at bank and in hand | 54/58 | €11,112 | €33,791 | +€22,678 | +204% |
| Deferred charges and accrued income | 490/1 | €1,133 | - | -€1,133 | |
| Total equity and liabilities | 10/49 | €24,164 | €123,344 | +€99,180 | +410% |
| Equity | 10/15 | €10,989 | €46,771 | +€35,782 | +326% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €989 | €36,771 | +€35,782 | +3,618% |
| Amounts payable | 17/49 | €13,175 | €76,572 | +€63,397 | +481% |
| Amounts payable within one year | 42/48 | €13,175 | €76,572 | +€63,397 | +481% |
| Trade debts | 44 | €0 | €48,210 | +€48,210 | |
| Suppliers | 440/4 | €0 | €48,210 | +€48,210 | |
| Taxes, remuneration and social security | 45 | €556 | €21,525 | +€20,969 | +3,772% |
| Taxes | 450/3 | €556 | €21,525 | +€20,969 | +3,772% |
| Other amounts payable | 47/48 | €12,619 | €6,837 | -€5,782 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,377 | +€1,377 | |
| Other operating charges | 640/8 | - | €334 | +€334 | |
| Gross operating margin | 9900 | €1,301 | €46,952 | +€45,651 | +3,508% |
| Operating profit (loss) | 9901 | €1,301 | €45,241 | +€43,940 | +3,377% |
| Financial charges | 65/66B | €65 | €34 | -€31 | -47.5% |
| Recurring financial charges | 65 | €65 | €34 | -€31 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €1,236 | €45,207 | +€43,971 | +3,557% |
| Income taxes | 67/77 | €247 | €9,424 | +€9,177 | +3,712% |
| Profit (loss) for the period | 9904 | €989 | €35,782 | +€34,794 | +3,518% |
| Profit (loss) for the period to be appropriated | 9905 | €989 | €35,782 | +€34,794 | +3,518% |
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 1 November 2026 via checked.be.