ZF SERVICES BELGIUM: what changed
What changed
ZF SERVICES BELGIUM
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€667,299
2024 · €1.0m-€342,774
Equity
€4.1m
2024 · €3.4m+€667,299
Cash
-
2024 · €0
Balance sheet total
€5.7m
2024 · €4.7m+€969,921
Largest movements
Assets
- Receivables within one year +€948,162
up €948,162 (+21.8%), from €4.4m to €5.3m
of which Trade receivables: +€693,975
Equity and liabilities
- Profit (loss) carried forward +€633,934
up €633,934 (+348%), from €182,092 to €816,026
- Trade debts +€184,196
up €184,196 (+19.9%), from €923,964 to €1.1m
- Tax, wage and social debts +€117,465
up €117,465 (+36.8%), from €318,956 to €436,421
of which Remuneration and social security: +€90,367
Income statement
- Turnover +€7.1m
new in 2025: €7.1m
- Purchases and services +€5.8m
new in 2025: €5.8m
- Gross operating margin -€911,361
down €911,361 (-36.9%), from €2.5m to €1.6m
- Taxes -€402,011
down €402,011, from €147,211 to -€254,800
- Write-downs -€195,079
down €195,079 (-77.6%), from €251,249 to €56,170
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.
Result 2024
€1.0m
Gross operating margin
-€911,361
Staff costs
-€157,094
Depreciation
+€9,433
Write-downs
+€195,079
Other operating charges
+€118,943
Other operating items
+€1,680
Financial income
+€2,394
Financial charges
-€3,859
Taxes
+€402,011
Result 2025
€667,299
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
€0
Investment
€0
Financing
€0
Cash 2024
€0
From operations (derived)
€0
Net result for the year
+€667,299
Depreciation
+€1,693
Stocks and contracts
-€11,917
Receivables within one year
-€948,162
Deferred charges and accrued income
-€11,535
Trade debts
+€184,196
Tax, wage and social debts
+€117,465
Accrued charges and deferred income
+€961
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,702,788 | €5,672,710 | +€969,921 | +20.6% |
| Fixed assets | 21/28 | €215,837 | €214,144 | -€1,693 | -0.8% |
| Tangible fixed assets | 22/27 | €6,362 | €4,670 | -€1,693 | -26.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,362 | €4,670 | -€1,693 | -26.6% |
| Financial fixed assets | 28 | €209,475 | €209,475 | = | 0.0% |
| Current assets | 29/58 | €4,486,951 | €5,458,565 | +€971,614 | +21.7% |
| Stocks and contracts in progress | 3 | €136,692 | €148,609 | +€11,917 | +8.7% |
| Stocks | 30/36 | €136,692 | €148,609 | +€11,917 | +8.7% |
| Amounts receivable within one year | 40/41 | €4,350,259 | €5,298,421 | +€948,162 | +21.8% |
| Trade receivables | 40 | €4,235,215 | €4,929,190 | +€693,975 | +16.4% |
| Other amounts receivable | 41 | €115,044 | €369,232 | +€254,187 | +221% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | - | €11,535 | +€11,535 | |
| Total equity and liabilities | 10/49 | €4,702,788 | €5,672,710 | +€969,921 | +20.6% |
| Equity | 10/15 | €3,388,745 | €4,056,044 | +€667,299 | +19.7% |
| Contributions | 10/11 | €3,025,000 | €3,025,000 | = | 0.0% |
| Capital | 10 | €3,025,000 | €3,025,000 | = | 0.0% |
| Issued capital | 100 | €3,025,000 | €3,025,000 | = | 0.0% |
| Reserves | 13 | €181,653 | €215,018 | +€33,365 | +18.4% |
| Non-distributable reserves | 130/1 | €181,653 | €215,018 | +€33,365 | +18.4% |
| Legal reserve | 130 | €63,004 | €96,369 | +€33,365 | +53.0% |
| Other | 1319 | €118,649 | €118,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,092 | €816,026 | +€633,934 | +348% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €1,314,043 | €1,616,666 | +€302,623 | +23.0% |
| Amounts payable within one year | 42/48 | €1,242,921 | €1,544,582 | +€301,661 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €923,964 | €1,108,161 | +€184,196 | +19.9% |
| Suppliers | 440/4 | €923,964 | €1,108,161 | +€184,196 | +19.9% |
| Taxes, remuneration and social security | 45 | €318,956 | €436,421 | +€117,465 | +36.8% |
| Taxes | 450/3 | €102,807 | €129,905 | +€27,098 | +26.4% |
| Remuneration and social security | 454/9 | €216,149 | €306,516 | +€90,367 | +41.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €71,123 | €72,084 | +€961 | +1.4% |
| Turnover | 70 | - | €7,092,623 | +€7.1m | |
| Non-recurring operating income | 76A | €628,896 | €0 | -€628,896 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,771,548 | +€5.8m | |
| Remuneration, social security and pensions | 62 | €994,566 | €1,151,660 | +€157,094 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,126 | €1,693 | -€9,433 | -84.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €251,249 | €56,170 | -€195,079 | -77.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €118,943 | €0 | -€118,943 | -100% |
| Non-recurring operating charges | 66A | €3,329 | €1,649 | -€1,680 | -50.5% |
| Gross operating margin | 9900 | €2,466,556 | €1,555,195 | -€911,361 | -36.9% |
| Operating profit (loss) | 9901 | €1,087,343 | €344,024 | -€743,319 | -68.4% |
| Financial income | 75/76B | €70,075 | €72,469 | +€2,394 | +3.4% |
| Recurring financial income | 75 | €70,075 | €72,469 | +€2,394 | +3.4% |
| Financial charges | 65/66B | €136 | €3,994 | +€3,859 | +2,848% |
| Recurring financial charges | 65 | €136 | €3,994 | +€3,859 | +2,848% |
| Profit (loss) for the period before taxes | 9903 | €1,157,283 | €412,499 | -€744,784 | -64.4% |
| Income taxes | 67/77 | €147,211 | -€254,800 | -€402,011 | |
| Profit (loss) for the period | 9904 | €1,010,072 | €667,299 | -€342,774 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,010,072 | €667,299 | -€342,774 | -33.9% |
Next steps
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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.