ZHIBIT: 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.
ZHIBIT
Largest movements
- Tangible fixed assets -€234,375
down €234,375 (-36.7%), from €639,069 to €404,694
of which Other tangible fixed assets: -€232,704
- Cash +€167,864
up €167,864 (+202%), from €83,011 to €250,875
mainly Investment in fixed assets (net) (+€212,375) and Net result for the year (+€103,441)
- Debts after one year -€154,793
down €154,793 (-51.4%), from €301,014 to €146,221
- Reserves +€103,441
up €103,441 (+29.0%), from €356,999 to €460,441
- Current portion of long-term debt -€18,617
down €18,617 (-34.6%), from €53,865 to €35,248
- Gross operating margin +€77,297
up €77,297 (+73.6%), from €105,027 to €182,324
- Taxes +€23,182
up €23,182 (+120%), from €19,387 to €42,569
- Depreciation -€6,890
down €6,890 (-23.8%), from €28,890 to €22,000
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 | €740,708 | €673,316 | -€67,392 | -9.1% |
| Fixed assets | 21/28 | €639,069 | €404,694 | -€234,375 | -36.7% |
| Tangible fixed assets | 22/27 | €639,069 | €404,694 | -€234,375 | -36.7% |
| Furniture and vehicles | 24 | €26,089 | €24,418 | -€1,671 | -6.4% |
| Other tangible fixed assets | 26 | €612,980 | €380,276 | -€232,704 | -38.0% |
| Current assets | 29/58 | €101,639 | €268,622 | +€166,983 | +164% |
| Amounts receivable within one year | 40/41 | €17,889 | €16,592 | -€1,297 | -7.3% |
| Trade receivables | 40 | €17,889 | €15,393 | -€2,496 | -14.0% |
| Other amounts receivable | 41 | €0 | €1,199 | +€1,199 | |
| Cash at bank and in hand | 54/58 | €83,011 | €250,875 | +€167,864 | +202% |
| Deferred charges and accrued income | 490/1 | €740 | €1,155 | +€416 | +56.2% |
| Total equity and liabilities | 10/49 | €740,708 | €673,316 | -€67,392 | -9.1% |
| Equity | 10/15 | €363,199 | €466,641 | +€103,441 | +28.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €356,999 | €460,441 | +€103,441 | +29.0% |
| Distributable reserves | 133 | €356,999 | €460,441 | +€103,441 | +29.0% |
| Amounts payable | 17/49 | €377,509 | €206,676 | -€170,833 | -45.3% |
| Amounts payable after more than one year | 17 | €301,014 | €146,221 | -€154,793 | -51.4% |
| Financial debts | 170/4 | €301,014 | €146,221 | -€154,793 | -51.4% |
| Amounts payable within one year | 42/48 | €76,108 | €60,232 | -€15,876 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €53,865 | €35,248 | -€18,617 | -34.6% |
| Trade debts | 44 | €7,375 | €6,120 | -€1,254 | -17.0% |
| Suppliers | 440/4 | €7,375 | €6,120 | -€1,254 | -17.0% |
| Taxes, remuneration and social security | 45 | €11,523 | €12,799 | +€1,276 | +11.1% |
| Taxes | 450/3 | €8,537 | €9,800 | +€1,263 | +14.8% |
| Remuneration and social security | 454/9 | €2,986 | €2,999 | +€13 | +0.4% |
| Other amounts payable | 47/48 | €3,345 | €6,064 | +€2,719 | +81.3% |
| Accrued charges and deferred income | 492/3 | €387 | €222 | -€165 | -42.6% |
| Non-recurring operating income | 76A | - | €78,063 | +€78,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,890 | €22,000 | -€6,890 | -23.8% |
| Other operating charges | 640/8 | €2,610 | €2,650 | +€40 | +1.5% |
| Non-recurring operating charges | 66A | - | €5,700 | +€5,700 | |
| Gross operating margin | 9900 | €105,027 | €182,324 | +€77,297 | +73.6% |
| Operating profit (loss) | 9901 | €73,527 | €151,974 | +€78,447 | +107% |
| Financial income | 75/76B | €684 | €677 | -€7 | -1.0% |
| Recurring financial income | 75 | €684 | €677 | -€7 | -1.0% |
| Financial charges | 65/66B | €6,691 | €6,640 | -€51 | -0.8% |
| Recurring financial charges | 65 | €6,691 | €6,640 | -€51 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €67,520 | €146,011 | +€78,490 | +116% |
| Income taxes | 67/77 | €19,387 | €42,569 | +€23,182 | +120% |
| Profit (loss) for the period | 9904 | €48,133 | €103,441 | +€55,308 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €48,133 | €103,441 | +€55,308 | +115% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.