ZHILIAN: what changed
Two fiscal 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.
ZHILIAN
Largest movements
- Tangible fixed assets +€99,365
new in 2025: €99,365
- Financial fixed assets -€24,000
no longer reported in 2025 (was €24,000)
- Receivables within one year -€4,386
down €4,386 (-98.7%), from €4,444 to €58
- Cash +€2,554
up €2,554 (+6.2%), from €41,508 to €44,062
mainly Net result for the year (+€46,101) and Tax, wage and social debts (+€39,210)
- Profit (loss) carried forward +€46,101
up €46,101 (+521.7%), from €8,836 to €54,938
- Tax, wage and social debts +€39,210
up €39,210 (+653.6%), from €5,999 to €45,209
- Other debts -€6,780
down €6,780 (-15.4%), from €43,918 to €37,138
- Trade debts -€4,999
no longer reported in 2025 (was €4,999)
- Gross operating margin +€129,100
up €129,100 (+253.9%), from €50,839 to €179,939
- Financial charges +€74,260
up €74,260 (+19048.8%), from €390 to €74,650
- Taxes +€39,210
up €39,210 (+653.6%), from €5,999 to €45,209
- Other operating charges +€13,344
new in 2025: €13,344
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.
Cash bridge derived
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 | €69,952 | €143,484 | +€73,532 | +105.1% |
| Fixed assets | 21/28 | €24,000 | €99,365 | +€75,365 | +314.0% |
| Tangible fixed assets | 22/27 | - | €99,365 | +€99,365 | |
| Land and buildings | 22 | - | €99,365 | +€99,365 | |
| Financial fixed assets | 28 | €24,000 | - | -€24,000 | |
| Current assets | 29/58 | €45,952 | €44,119 | -€1,833 | -4.0% |
| Amounts receivable within one year | 40/41 | €4,444 | €58 | -€4,386 | -98.7% |
| Other amounts receivable | 41 | €4,444 | €58 | -€4,386 | -98.7% |
| Cash at bank and in hand | 54/58 | €41,508 | €44,062 | +€2,554 | +6.2% |
| Total equity and liabilities | 10/49 | €69,952 | €143,484 | +€73,532 | +105.1% |
| Equity | 10/15 | €15,036 | €61,138 | +€46,101 | +306.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,836 | €54,938 | +€46,101 | +521.7% |
| Amounts payable | 17/49 | €54,916 | €82,347 | +€27,431 | +50.0% |
| Amounts payable within one year | 42/48 | €54,916 | €82,347 | +€27,431 | +50.0% |
| Trade debts | 44 | €4,999 | - | -€4,999 | |
| Suppliers | 440/4 | €4,999 | - | -€4,999 | |
| Taxes, remuneration and social security | 45 | €5,999 | €45,209 | +€39,210 | +653.6% |
| Taxes | 450/3 | €5,999 | €45,209 | +€39,210 | +653.6% |
| Other amounts payable | 47/48 | €43,918 | €37,138 | -€6,780 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €635 | +€635 | |
| Other operating charges | 640/8 | - | €13,344 | +€13,344 | |
| Gross operating margin | 9900 | €50,839 | €179,939 | +€129,100 | +253.9% |
| Operating profit (loss) | 9901 | €50,839 | €165,960 | +€115,121 | +226.4% |
| Financial charges | 65/66B | €390 | €74,650 | +€74,260 | +19048.8% |
| Recurring financial charges | 65 | €390 | €74,650 | +€74,260 | +19048.8% |
| Profit (loss) for the period before taxes | 9903 | €50,450 | €91,310 | +€40,861 | +81.0% |
| Income taxes | 67/77 | €5,999 | €45,209 | +€39,210 | +653.6% |
| Profit (loss) for the period | 9904 | €44,451 | €46,101 | +€1,651 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,451 | €46,101 | +€1,651 | +3.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.