ZEK: 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.
ZEK
Largest movements
- Cash -€23,120
down €23,120 (-90.5%), from €25,561 to €2,440
- Receivables within one year +€13,414
up €13,414 (+769.1%), from €1,744 to €15,158
- Profit (loss) carried forward -€6,935
down €6,935 (-36.2%), from €19,134 to €12,198
- Other debts -€2,771
no longer reported in 2025 (was €2,771)
- Gross operating margin -€7,641
down €7,641, from €1,679 to -€5,962
- Other operating charges -€177
down €177 (-13.5%), from €1,307 to €1,130
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,305 | €34,598 | -€9,707 | -21.9% |
| Fixed assets | 21/28 | €17,000 | €17,000 | = | 0.0% |
| Intangible fixed assets | 21 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €27,305 | €17,598 | -€9,707 | -35.5% |
| Amounts receivable within one year | 40/41 | €1,744 | €15,158 | +€13,414 | +769.1% |
| Other amounts receivable | 41 | €1,744 | €15,158 | +€13,414 | +769.1% |
| Cash at bank and in hand | 54/58 | €25,561 | €2,440 | -€23,120 | -90.5% |
| Total equity and liabilities | 10/49 | €44,305 | €34,598 | -€9,707 | -21.9% |
| Equity | 10/15 | €40,034 | €33,098 | -€6,935 | -17.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Distributable reserves | 133 | - | €1,900 | +€1,900 | |
| Profit (loss) carried forward | 14 | €19,134 | €12,198 | -€6,935 | -36.2% |
| Amounts payable | 17/49 | €4,271 | €1,500 | -€2,771 | -64.9% |
| Amounts payable within one year | 42/48 | €4,271 | €1,500 | -€2,771 | -64.9% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €2,771 | - | -€2,771 | |
| Other operating charges | 640/8 | €1,307 | €1,130 | -€177 | -13.5% |
| Gross operating margin | 9900 | €1,679 | -€5,962 | -€7,641 | |
| Operating profit (loss) | 9901 | €372 | -€7,092 | -€7,465 | |
| Financial charges | 65/66B | €141 | €125 | -€16 | -11.4% |
| Recurring financial charges | 65 | €141 | €125 | -€16 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €231 | -€7,217 | -€7,449 | |
| Profit (loss) for the period | 9904 | €231 | -€7,217 | -€7,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €231 | -€7,217 | -€7,449 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.