ZHOUJI: what changed
ZHOUJI
Largest movements
- Cash +€295,279
up €295,279 (+478%), from €61,771 to €357,050
mainly Net result for the year (+€385,309) and Depreciation (+€79,186)
- Tangible fixed assets +€11,218
up €11,218 (+4.5%), from €248,713 to €259,931
of which Other tangible fixed assets: +€30,953
- Profit (loss) carried forward +€385,309
up €385,309 (+355%), from €108,408 to €493,717
- Other debts -€137,316
no longer reported in 2025 (was €137,316)
- Trade debts +€53,132
up €53,132 (+47.6%), from €111,699 to €164,831
- Tax, wage and social debts +€11,061
up €11,061 (+1,070%), from €1,034 to €12,095
- Gross operating margin +€821,538
up €821,538 (+868%), from €94,603 to €916,141
- Staff costs +€371,378
up €371,378 (+1,056%), from €35,181 to €406,559
- Taxes +€27,576
up €27,576 (+444%), from €6,212 to €33,788
- Depreciation +€24,313
up €24,313 (+44.3%), from €54,873 to €79,186
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 | €399,720 | €711,906 | +€312,186 | +78.1% |
| Fixed assets | 21/28 | €311,673 | €323,025 | +€11,352 | +3.6% |
| Intangible fixed assets | 21 | €960 | €1,094 | +€134 | +14.0% |
| Tangible fixed assets | 22/27 | €248,713 | €259,931 | +€11,218 | +4.5% |
| Plant, machinery and equipment | 23 | €86,265 | €69,304 | -€16,960 | -19.7% |
| Furniture and vehicles | 24 | €76,502 | €73,727 | -€2,775 | -3.6% |
| Other tangible fixed assets | 26 | €85,946 | €116,899 | +€30,953 | +36.0% |
| Financial fixed assets | 28 | €62,000 | €62,000 | = | 0.0% |
| Current assets | 29/58 | €88,047 | €388,881 | +€300,834 | +342% |
| Stocks and contracts in progress | 3 | €15,672 | €21,300 | +€5,628 | +35.9% |
| Stocks | 30/36 | €15,672 | €21,300 | +€5,628 | +35.9% |
| Amounts receivable within one year | 40/41 | €7,944 | €8,728 | +€784 | +9.9% |
| Trade receivables | 40 | €755 | - | -€755 | |
| Other amounts receivable | 41 | €7,190 | €8,728 | +€1,538 | +21.4% |
| Cash at bank and in hand | 54/58 | €61,771 | €357,050 | +€295,279 | +478% |
| Deferred charges and accrued income | 490/1 | €2,659 | €1,803 | -€856 | -32.2% |
| Total equity and liabilities | 10/49 | €399,720 | €711,906 | +€312,186 | +78.1% |
| Equity | 10/15 | €149,672 | €534,980 | +€385,309 | +257% |
| Reserves | 13 | €41,263 | €41,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,403 | €39,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,408 | €493,717 | +€385,309 | +355% |
| Amounts payable | 17/49 | €250,048 | €176,926 | -€73,122 | -29.2% |
| Amounts payable within one year | 42/48 | €250,048 | €176,926 | -€73,122 | -29.2% |
| Trade debts | 44 | €111,699 | €164,831 | +€53,132 | +47.6% |
| Suppliers | 440/4 | €111,699 | €164,831 | +€53,132 | +47.6% |
| Taxes, remuneration and social security | 45 | €1,034 | €12,095 | +€11,061 | +1,070% |
| Taxes | 450/3 | €1,034 | €12,095 | +€11,061 | +1,070% |
| Other amounts payable | 47/48 | €137,316 | - | -€137,316 | |
| Remuneration, social security and pensions | 62 | €35,181 | €406,559 | +€371,378 | +1,056% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,873 | €79,186 | +€24,313 | +44.3% |
| Other operating charges | 640/8 | €457 | €1,234 | +€777 | +170% |
| Gross operating margin | 9900 | €94,603 | €916,141 | +€821,538 | +868% |
| Operating profit (loss) | 9901 | €4,092 | €429,162 | +€425,070 | +10,388% |
| Financial charges | 65/66B | €3,301 | €10,066 | +€6,765 | +205% |
| Recurring financial charges | 65 | €3,301 | €10,066 | +€6,765 | +205% |
| Profit (loss) for the period before taxes | 9903 | €791 | €419,096 | +€418,305 | +52,878% |
| Income taxes | 67/77 | €6,212 | €33,788 | +€27,576 | +444% |
| Profit (loss) for the period | 9904 | -€5,421 | €385,309 | +€390,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,421 | €385,309 | +€390,730 |
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 2 November 2026 via checked.be.