ZEGBOS: 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.
ZEGBOS
Largest movements
- Cash +€140,314
up €140,314 (+53.8%), from €260,769 to €401,083
mainly Net result for the year (+€157,134) and Investment in fixed assets (net) (+€100,000)
- Financial fixed assets -€100,000
down €100,000 (-1.3%), from €7.6m to €7.5m
- Reserves +€157,134
up €157,134 (+17.6%), from €890,782 to €1.0m
of which Distributable reserves: +€148,535
- Other debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Financial income +€86,349
up €86,349 (+62.9%), from €137,252 to €223,601
- Gross operating margin +€11,227
up €11,227 (+73.1%), from -€15,360 to -€4,133
- Taxes +€8,180
up €8,180 (+123%), from €6,673 to €14,853
- Financial charges -€1,038
down €1,038 (-2.2%), from €47,399 to €46,361
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 | €7,902,437 | €7,942,751 | +€40,314 | +0.5% |
| Fixed assets | 21/28 | €7,641,668 | €7,541,668 | -€100,000 | -1.3% |
| Financial fixed assets | 28 | €7,641,668 | €7,541,668 | -€100,000 | -1.3% |
| Current assets | 29/58 | €260,769 | €401,083 | +€140,314 | +53.8% |
| Cash at bank and in hand | 54/58 | €260,769 | €401,083 | +€140,314 | +53.8% |
| Total equity and liabilities | 10/49 | €7,902,437 | €7,942,751 | +€40,314 | +0.5% |
| Equity | 10/15 | €6,618,764 | €6,775,898 | +€157,134 | +2.4% |
| Contributions | 10/11 | €5,727,982 | €5,727,982 | = | 0.0% |
| Capital | 10 | €5,727,982 | €5,727,982 | = | 0.0% |
| Issued capital | 100 | €5,727,982 | €5,727,982 | = | 0.0% |
| Reserves | 13 | €890,782 | €1,047,916 | +€157,134 | +17.6% |
| Non-distributable reserves | 130/1 | €162,124 | €170,723 | +€8,599 | +5.3% |
| Legal reserve | 130 | €162,124 | €170,723 | +€8,599 | +5.3% |
| Distributable reserves | 133 | €728,658 | €877,193 | +€148,535 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,283,673 | €1,166,853 | -€116,820 | -9.1% |
| Amounts payable after more than one year | 17 | €1,177,000 | €1,152,000 | -€25,000 | -2.1% |
| Financial debts | 170/4 | €1,177,000 | €1,152,000 | -€25,000 | -2.1% |
| Amounts payable within one year | 42/48 | €106,673 | €14,853 | -€91,820 | -86.1% |
| Taxes, remuneration and social security | 45 | €6,673 | €14,853 | +€8,180 | +123% |
| Taxes | 450/3 | €6,673 | €14,853 | +€8,180 | +123% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€15,360 | -€4,133 | +€11,227 | +73.1% |
| Operating profit (loss) | 9901 | -€16,446 | -€5,252 | +€11,194 | +68.1% |
| Financial income | 75/76B | €137,252 | €223,601 | +€86,349 | +62.9% |
| Recurring financial income | 75 | €137,252 | €223,601 | +€86,349 | +62.9% |
| Financial charges | 65/66B | €47,399 | €46,361 | -€1,038 | -2.2% |
| Recurring financial charges | 65 | €47,399 | €46,361 | -€1,038 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €73,407 | €171,987 | +€98,581 | +134% |
| Income taxes | 67/77 | €6,673 | €14,853 | +€8,180 | +123% |
| Profit (loss) for the period | 9904 | €66,733 | €157,134 | +€90,401 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €66,733 | €157,134 | +€90,401 | +135% |
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 15 October 2026 via checked.be.