Zhengliu: what changed
Zhengliu
Largest movements
- Cash +€20,525
up €20,525 (+119%), from €17,261 to €37,786
mainly Net result for the year (+€29,293) and Tax, wage and social debts (+€18,114)
- Tangible fixed assets +€19,053
up €19,053 (+47.4%), from €40,215 to €59,268
of which Furniture and vehicles: +€10,898
- Receivables within one year +€12,673
up €12,673 (+412%), from €3,074 to €15,747
of which Other amounts receivable: +€12,763
- Reserves +€29,293
up €29,293 (+155%), from €18,958 to €48,251
of which Distributable reserves: +€29,293
- Tax, wage and social debts +€18,114
up €18,114 (+362%), from €5,000 to €23,113
of which Taxes: +€16,185
- Current portion of long-term debt +€6,460
up €6,460 (+67.0%), from €9,642 to €16,103
- Trade debts -€2,517
down €2,517 (-56.4%), from €4,460 to €1,942
- Gross operating margin +€45,889
up €45,889 (+105%), from €43,865 to €89,754
- Taxes +€12,413
up €12,413 (+463%), from €2,683 to €15,096
- Depreciation +€3,310
up €3,310 (+28.9%), from €11,452 to €14,762
- Other operating charges +€3,162
up €3,162 (+80.2%), from €3,943 to €7,105
- Financial income +€1,466
up €1,466 (+379%), from €387 to €1,853
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 | €63,977 | €115,348 | +€51,371 | +80.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €40,229 | €59,277 | +€19,048 | +47.3% |
| Tangible fixed assets | 22/27 | €40,215 | €59,268 | +€19,053 | +47.4% |
| Land and buildings | 22 | - | €8,625 | +€8,625 | |
| Plant, machinery and equipment | 23 | €1,385 | €915 | -€470 | -33.9% |
| Furniture and vehicles | 24 | €38,830 | €49,728 | +€10,898 | +28.1% |
| Financial fixed assets | 28 | €14 | €9 | -€5 | -36.3% |
| Current assets | 29/58 | €23,748 | €56,071 | +€32,323 | +136% |
| Stocks and contracts in progress | 3 | €1,585 | €1,380 | -€205 | -12.9% |
| Stocks | 30/36 | €1,585 | €1,380 | -€205 | -12.9% |
| Amounts receivable within one year | 40/41 | €3,074 | €15,747 | +€12,673 | +412% |
| Trade receivables | 40 | €90 | - | -€90 | |
| Other amounts receivable | 41 | €2,984 | €15,747 | +€12,763 | +428% |
| Cash at bank and in hand | 54/58 | €17,261 | €37,786 | +€20,525 | +119% |
| Deferred charges and accrued income | 490/1 | €1,828 | €1,158 | -€671 | -36.7% |
| Total equity and liabilities | 10/49 | €63,977 | €115,348 | +€51,371 | +80.3% |
| Equity | 10/15 | €25,158 | €54,451 | +€29,293 | +116% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,958 | €48,251 | +€29,293 | +155% |
| Non-distributable reserves | 130/1 | €134 | €134 | = | 0.0% |
| Reserves not available under the articles | 1311 | €134 | €134 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,080 | €14,080 | = | 0.0% |
| Distributable reserves | 133 | €4,744 | €34,037 | +€29,293 | +617% |
| Amounts payable | 17/49 | €38,818 | €60,897 | +€22,078 | +56.9% |
| Amounts payable after more than one year | 17 | €18,782 | €17,903 | -€879 | -4.7% |
| Financial debts | 170/4 | €18,782 | €17,903 | -€879 | -4.7% |
| Amounts payable within one year | 42/48 | €20,037 | €42,994 | +€22,957 | +115% |
| Current portion of amounts payable after more than one year | 42 | €9,642 | €16,103 | +€6,460 | +67.0% |
| Trade debts | 44 | €4,460 | €1,942 | -€2,517 | -56.4% |
| Suppliers | 440/4 | €4,460 | €1,942 | -€2,517 | -56.4% |
| Taxes, remuneration and social security | 45 | €5,000 | €23,113 | +€18,114 | +362% |
| Taxes | 450/3 | €4,897 | €21,083 | +€16,185 | +330% |
| Remuneration and social security | 454/9 | €102 | €2,031 | +€1,928 | +1,883% |
| Other amounts payable | 47/48 | €935 | €1,836 | +€901 | +96.3% |
| Non-recurring operating income | 76A | - | €849 | +€849 | |
| Remuneration, social security and pensions | 62 | €19,699 | €19,880 | +€181 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,452 | €14,762 | +€3,310 | +28.9% |
| Other operating charges | 640/8 | €3,943 | €7,105 | +€3,162 | +80.2% |
| Gross operating margin | 9900 | €43,865 | €89,754 | +€45,889 | +105% |
| Operating profit (loss) | 9901 | €8,771 | €48,007 | +€39,236 | +447% |
| Financial income | 75/76B | €387 | €1,853 | +€1,466 | +379% |
| Recurring financial income | 75 | €387 | €1,853 | +€1,466 | +379% |
| Financial charges | 65/66B | €4,365 | €5,471 | +€1,106 | +25.3% |
| Recurring financial charges | 65 | €4,365 | €5,471 | +€1,106 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €4,793 | €44,388 | +€39,596 | +826% |
| Income taxes | 67/77 | €2,683 | €15,096 | +€12,413 | +463% |
| Profit (loss) for the period | 9904 | €2,110 | €29,293 | +€27,183 | +1,288% |
| Profit (loss) for the period to be appropriated | 9905 | €2,110 | €29,293 | +€27,183 | +1,288% |
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 5 November 2026 via checked.be.