ZHAP IMMO: 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.
ZHAP IMMO
Largest movements
- Tangible fixed assets -€11,862
down €11,862 (-3.3%), from €359,426 to €347,565
- Reserves -€9,966
down €9,966 (-5.2%), from €190,920 to €180,954
- Gross operating margin +€480
up €480 (+1.4%), from €33,333 to €33,813
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 | €418,387 | €408,957 | -€9,430 | -2.3% |
| Fixed assets | 21/28 | €359,426 | €347,565 | -€11,862 | -3.3% |
| Tangible fixed assets | 22/27 | €359,426 | €347,565 | -€11,862 | -3.3% |
| Land and buildings | 22 | €359,426 | €347,565 | -€11,862 | -3.3% |
| Current assets | 29/58 | €58,961 | €61,392 | +€2,431 | +4.1% |
| Cash at bank and in hand | 54/58 | €58,763 | €61,074 | +€2,311 | +3.9% |
| Deferred charges and accrued income | 490/1 | €198 | €318 | +€120 | +60.6% |
| Total equity and liabilities | 10/49 | €418,387 | €408,957 | -€9,430 | -2.3% |
| Equity | 10/15 | €391,880 | €381,914 | -€9,966 | -2.5% |
| Contributions | 10/11 | €200,960 | €200,960 | = | 0.0% |
| Reserves | 13 | €190,920 | €180,954 | -€9,966 | -5.2% |
| Distributable reserves | 133 | €190,920 | €180,954 | -€9,966 | -5.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,508 | €27,043 | +€535 | +2.0% |
| Amounts payable within one year | 42/48 | €26,508 | €27,043 | +€535 | +2.0% |
| Trade debts | 44 | €316 | €237 | -€79 | -24.9% |
| Suppliers | 440/4 | €316 | €237 | -€79 | -24.9% |
| Taxes, remuneration and social security | 45 | €1,112 | €975 | -€137 | -12.4% |
| Taxes | 450/3 | €1,112 | €975 | -€137 | -12.4% |
| Other amounts payable | 47/48 | €25,080 | €25,832 | +€752 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,055 | €11,862 | -€193 | -1.6% |
| Other operating charges | 640/8 | €1,700 | €1,750 | +€50 | +3.0% |
| Gross operating margin | 9900 | €33,333 | €33,813 | +€480 | +1.4% |
| Operating profit (loss) | 9901 | €19,578 | €20,201 | +€623 | +3.2% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €19,534 | €20,156 | +€622 | +3.2% |
| Income taxes | 67/77 | €4,933 | €5,042 | +€109 | +2.2% |
| Profit (loss) for the period | 9904 | €14,601 | €15,114 | +€513 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,601 | €15,114 | +€513 | +3.5% |
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 13 October 2026 via checked.be.