Zi Connect: 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.
Zi Connect
Largest movements
- Receivables within one year -€20,163
down €20,163 (-62.3%), from €32,361 to €12,198
of which Trade receivables: -€20,028
- Cash +€14,597
up €14,597 (+88.8%), from €16,440 to €31,038
mainly Receivables within one year (+€20,163) and Trade debts (+€3,161)
- Tax, wage and social debts -€10,647
down €10,647 (-69.3%), from €15,365 to €4,718
of which Taxes: -€9,933
- Trade debts +€3,161
up €3,161 (+1,391%), from €227 to €3,388
- Reserves +€2,000
up €2,000 (+8.0%), from €25,000 to €27,000
- Gross operating margin -€15,994
down €15,994 (-81.4%), from €19,648 to €3,654
- Taxes -€3,837
down €3,837 (-80.7%), from €4,756 to €918
- Financial charges -€1,188
down €1,188 (-91.1%), from €1,304 to €116
- Other operating charges +€482
up €482 (+642%), from €75 to €557
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 | €49,922 | €44,499 | -€5,423 | -10.9% |
| Current assets | 29/58 | €49,922 | €44,499 | -€5,423 | -10.9% |
| Amounts receivable within one year | 40/41 | €32,361 | €12,198 | -€20,163 | -62.3% |
| Trade receivables | 40 | €28,275 | €8,247 | -€20,028 | -70.8% |
| Other amounts receivable | 41 | €4,086 | €3,951 | -€135 | -3.3% |
| Cash at bank and in hand | 54/58 | €16,440 | €31,038 | +€14,597 | +88.8% |
| Deferred charges and accrued income | 490/1 | €1,121 | €1,263 | +€142 | +12.7% |
| Total equity and liabilities | 10/49 | €49,922 | €44,499 | -€5,423 | -10.9% |
| Equity | 10/15 | €34,330 | €36,392 | +€2,063 | +6.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €27,000 | +€2,000 | +8.0% |
| Distributable reserves | 133 | €25,000 | €27,000 | +€2,000 | +8.0% |
| Profit (loss) carried forward | 14 | €5,330 | €5,392 | +€63 | +1.2% |
| Amounts payable | 17/49 | €15,593 | €8,106 | -€7,486 | -48.0% |
| Amounts payable within one year | 42/48 | €15,593 | €8,106 | -€7,486 | -48.0% |
| Trade debts | 44 | €227 | €3,388 | +€3,161 | +1,391% |
| Suppliers | 440/4 | €227 | €3,388 | +€3,161 | +1,391% |
| Taxes, remuneration and social security | 45 | €15,365 | €4,718 | -€10,647 | -69.3% |
| Taxes | 450/3 | €10,852 | €918 | -€9,933 | -91.5% |
| Remuneration and social security | 454/9 | €4,513 | €3,800 | -€713 | -15.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €75 | €557 | +€482 | +642% |
| Gross operating margin | 9900 | €19,648 | €3,654 | -€15,994 | -81.4% |
| Operating profit (loss) | 9901 | €19,573 | €3,097 | -€16,476 | -84.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,304 | €116 | -€1,188 | -91.1% |
| Recurring financial charges | 65 | €1,304 | €116 | -€1,188 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €18,269 | €2,981 | -€15,287 | -83.7% |
| Income taxes | 67/77 | €4,756 | €918 | -€3,837 | -80.7% |
| Profit (loss) for the period | 9904 | €13,513 | €2,063 | -€11,450 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,513 | €2,063 | -€11,450 | -84.7% |
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 19 October 2026 via checked.be.