ZDS CONSTRUCT: 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.
ZDS CONSTRUCT
Largest movements
- Cash -€2,769
down €2,769 (-55.8%), from €4,965 to €2,196
mainly Tax, wage and social debts (-€6,658) and Trade debts (-€1,795)
- Tangible fixed assets -€1,929
down €1,929 (-22.5%), from €8,581 to €6,652
of which Furniture and vehicles: -€1,571
- Receivables within one year -€433
down €433 (-6.0%), from €7,265 to €6,831
of which Other amounts receivable: -€899
- Deferred charges and accrued income -€315
down €315 (-100.0%), from €315 to €0
- Tax, wage and social debts -€6,658
down €6,658 (-90.2%), from €7,378 to €721
of which Taxes: -€6,658
- Reserves +€4,083
up €4,083 (+58.6%), from €6,964 to €11,047
- Trade debts -€1,795
down €1,795 (-94.1%), from €1,907 to €112
- Accrued charges and deferred income -€1,273
down €1,273 (-53.6%), from €2,376 to €1,104
- Gross operating margin +€20,507
up €20,507, from -€12,782 to €7,725
- Depreciation +€864
up €864 (+81.0%), from €1,066 to €1,929
- Other operating charges +€812
up €812 (+176.9%), from €459 to €1,271
- Financial income -€319
down €319 (-99.9%), from €319 to €0
- Financial charges +€309
up €309 (+232.2%), from €133 to €443
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 | €21,126 | €15,679 | -€5,447 | -25.8% |
| Fixed assets | 21/28 | €8,581 | €6,652 | -€1,929 | -22.5% |
| Tangible fixed assets | 22/27 | €8,581 | €6,652 | -€1,929 | -22.5% |
| Plant, machinery and equipment | 23 | €1,635 | €1,277 | -€358 | -21.9% |
| Furniture and vehicles | 24 | €6,946 | €5,375 | -€1,571 | -22.6% |
| Current assets | 29/58 | €12,545 | €9,027 | -€3,518 | -28.0% |
| Amounts receivable within one year | 40/41 | €7,265 | €6,831 | -€433 | -6.0% |
| Trade receivables | 40 | €2,647 | €3,113 | +€466 | +17.6% |
| Other amounts receivable | 41 | €4,618 | €3,719 | -€899 | -19.5% |
| Cash at bank and in hand | 54/58 | €4,965 | €2,196 | -€2,769 | -55.8% |
| Deferred charges and accrued income | 490/1 | €315 | €0 | -€315 | -100.0% |
| Total equity and liabilities | 10/49 | €21,126 | €15,679 | -€5,447 | -25.8% |
| Equity | 10/15 | €9,464 | €13,547 | +€4,083 | +43.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €6,964 | €11,047 | +€4,083 | +58.6% |
| Distributable reserves | 133 | €6,964 | €11,047 | +€4,083 | +58.6% |
| Amounts payable | 17/49 | €11,661 | €2,132 | -€9,530 | -81.7% |
| Amounts payable within one year | 42/48 | €9,285 | €1,028 | -€8,257 | -88.9% |
| Trade debts | 44 | €1,907 | €112 | -€1,795 | -94.1% |
| Suppliers | 440/4 | €1,907 | €112 | -€1,795 | -94.1% |
| Taxes, remuneration and social security | 45 | €7,378 | €721 | -€6,658 | -90.2% |
| Taxes | 450/3 | €7,378 | €721 | -€6,658 | -90.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €196 | +€196 | |
| Accrued charges and deferred income | 492/3 | €2,376 | €1,104 | -€1,273 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €1,929 | +€864 | +81.0% |
| Other operating charges | 640/8 | €459 | €1,271 | +€812 | +176.9% |
| Gross operating margin | 9900 | -€12,782 | €7,725 | +€20,507 | |
| Operating profit (loss) | 9901 | -€14,307 | €4,525 | +€18,832 | |
| Financial income | 75/76B | €319 | €0 | -€319 | -99.9% |
| Recurring financial income | 75 | €319 | €0 | -€319 | -99.9% |
| Financial charges | 65/66B | €133 | €443 | +€309 | +232.2% |
| Recurring financial charges | 65 | €133 | €443 | +€309 | +232.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,121 | €4,083 | +€18,203 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,121 | €4,083 | +€18,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,121 | €4,083 | +€18,203 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.