ZEKRIE: what changed
ZEKRIE
Largest movements
- Cash -€77,508
down €77,508 (-72.5%), from €106,975 to €29,467
mainly Contributions, distributions and other (-€141,087)
- Receivables within one year -€47,532
down €47,532 (-29.3%), from €162,109 to €114,577
- Current investments -€12,141
down €12,141 (-9.0%), from €135,000 to €122,859
- Reserves -€148,142
down €148,142 (-68.1%), from €217,441 to €69,299
of which Distributable reserves: -€148,142
- Profit (loss) carried forward +€10,651
up €10,651 (+5.5%), from €193,657 to €204,308
- Gross operating margin +€13,890
up €13,890 (+78.6%), from -€17,678 to -€3,788
- Financial income -€1,182
down €1,182 (-11.8%), from €10,031 to €8,849
- Depreciation -€365
down €365 (-55.6%), from €657 to €292
- Taxes +€337
up €337 (+129%), from €262 to €599
- Other operating charges +€187
up €187 (+48.3%), from €387 to €574
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,217 | €281,744 | -€137,473 | -32.8% |
| Fixed assets | 21/28 | €15,133 | €14,841 | -€292 | -1.9% |
| Tangible fixed assets | 22/27 | €14,692 | €14,400 | -€292 | -2.0% |
| Furniture and vehicles | 24 | €14,692 | €14,400 | -€292 | -2.0% |
| Financial fixed assets | 28 | €441 | €441 | = | 0.0% |
| Current assets | 29/58 | €404,084 | €266,903 | -€137,181 | -33.9% |
| Amounts receivable within one year | 40/41 | €162,109 | €114,577 | -€47,532 | -29.3% |
| Other amounts receivable | 41 | €162,109 | €114,577 | -€47,532 | -29.3% |
| Current investments | 50/53 | €135,000 | €122,859 | -€12,141 | -9.0% |
| Cash at bank and in hand | 54/58 | €106,975 | €29,467 | -€77,508 | -72.5% |
| Total equity and liabilities | 10/49 | €419,217 | €281,744 | -€137,473 | -32.8% |
| Equity | 10/15 | €417,314 | €279,823 | -€137,491 | -32.9% |
| Contributions | 10/11 | €6,216 | €6,216 | = | 0.0% |
| Reserves | 13 | €217,441 | €69,299 | -€148,142 | -68.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,600 | €35,600 | = | 0.0% |
| Distributable reserves | 133 | €179,982 | €31,840 | -€148,142 | -82.3% |
| Profit (loss) carried forward | 14 | €193,657 | €204,308 | +€10,651 | +5.5% |
| Amounts payable | 17/49 | €1,903 | €1,921 | +€18 | +0.9% |
| Amounts payable within one year | 42/48 | €1,903 | €1,921 | +€18 | +0.9% |
| Trade debts | 44 | €1,648 | €1,591 | -€57 | -3.5% |
| Suppliers | 440/4 | €1,648 | €1,591 | -€57 | -3.5% |
| Taxes, remuneration and social security | 45 | €255 | €330 | +€75 | +29.4% |
| Taxes | 450/3 | €255 | €330 | +€75 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €657 | €292 | -€365 | -55.6% |
| Other operating charges | 640/8 | €387 | €574 | +€187 | +48.3% |
| Gross operating margin | 9900 | -€17,678 | -€3,788 | +€13,890 | +78.6% |
| Operating profit (loss) | 9901 | -€18,722 | -€4,654 | +€14,068 | +75.1% |
| Financial income | 75/76B | €10,031 | €8,849 | -€1,182 | -11.8% |
| Recurring financial income | 75 | €10,031 | €8,849 | -€1,182 | -11.8% |
| Financial charges | 65/66B | €137 | - | -€137 | |
| Recurring financial charges | 65 | €137 | - | -€137 | |
| Profit (loss) for the period before taxes | 9903 | -€8,828 | €4,195 | +€13,023 | |
| Income taxes | 67/77 | €262 | €599 | +€337 | +129% |
| Profit (loss) for the period | 9904 | -€9,090 | €3,596 | +€12,686 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,090 | €3,596 | +€12,686 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.