ZIAIE: 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.
ZIAIE
Largest movements
- Receivables within one year +€89,257
up €89,257 (+873.2%), from €10,222 to €99,479
of which Other amounts receivable: +€79,669
- Cash -€39,341
down €39,341 (-52.4%), from €75,035 to €35,693
mainly Receivables within one year (-€89,257) and Investment in fixed assets (net) (-€3,592)
- Financial fixed assets +€9,741
up €9,741 (+84.3%), from €11,555 to €21,297
- Tangible fixed assets -€6,513
down €6,513 (-77.4%), from €8,410 to €1,897
of which Furniture and vehicles: -€6,150
- Stocks and contracts -€4,572
down €4,572 (-9.3%), from €49,247 to €44,675
- Profit (loss) carried forward +€25,675
up €25,675 (+519.5%), from €4,943 to €30,618
- Trade debts +€16,879
up €16,879 (+15.6%), from €108,005 to €124,884
- Tax, wage and social debts +€9,112
up €9,112 (+57.5%), from €15,859 to €24,972
of which Taxes: +€6,388
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Purchases and services -€1.1m
no longer reported in 2025 (was €1.1m)
- Gross operating margin +€27,942
up €27,942 (+26.0%), from €107,591 to €135,533
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 | €159,084 | €210,473 | +€51,389 | +32.3% |
| Fixed assets | 21/28 | €19,965 | €23,194 | +€3,229 | +16.2% |
| Tangible fixed assets | 22/27 | €8,410 | €1,897 | -€6,513 | -77.4% |
| Furniture and vehicles | 24 | €6,150 | - | -€6,150 | |
| Other tangible fixed assets | 26 | €2,260 | €1,897 | -€363 | -16.1% |
| Financial fixed assets | 28 | €11,555 | €21,297 | +€9,741 | +84.3% |
| Current assets | 29/58 | €139,119 | €187,280 | +€48,161 | +34.6% |
| Stocks and contracts in progress | 3 | €49,247 | €44,675 | -€4,572 | -9.3% |
| Stocks | 30/36 | €49,247 | €44,675 | -€4,572 | -9.3% |
| Amounts receivable within one year | 40/41 | €10,222 | €99,479 | +€89,257 | +873.2% |
| Trade receivables | 40 | €9,437 | €19,025 | +€9,588 | +101.6% |
| Other amounts receivable | 41 | €785 | €80,454 | +€79,669 | +10154.1% |
| Cash at bank and in hand | 54/58 | €75,035 | €35,693 | -€39,341 | -52.4% |
| Deferred charges and accrued income | 490/1 | €4,616 | €7,433 | +€2,817 | +61.0% |
| Total equity and liabilities | 10/49 | €159,084 | €210,473 | +€51,389 | +32.3% |
| Equity | 10/15 | €34,943 | €60,618 | +€25,675 | +73.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | - | -€30,000 | |
| Issued capital | 100 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | €4,943 | €30,618 | +€25,675 | +519.5% |
| Amounts payable | 17/49 | €124,141 | €149,856 | +€25,714 | +20.7% |
| Amounts payable within one year | 42/48 | €124,141 | €149,856 | +€25,714 | +20.7% |
| Trade debts | 44 | €108,005 | €124,884 | +€16,879 | +15.6% |
| Suppliers | 440/4 | €108,005 | €124,884 | +€16,879 | +15.6% |
| Taxes, remuneration and social security | 45 | €15,859 | €24,972 | +€9,112 | +57.5% |
| Taxes | 450/3 | €408 | €6,796 | +€6,388 | +1566.0% |
| Remuneration and social security | 454/9 | €15,452 | €18,176 | +€2,724 | +17.6% |
| Other amounts payable | 47/48 | €277 | - | -€277 | |
| Turnover | 70 | €1,203,143 | - | -€1.2m | |
| Non-recurring operating income | 76A | - | €743 | +€743 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,105,576 | - | -€1.1m | |
| Remuneration, social security and pensions | 62 | €97,627 | €97,412 | -€214 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,248 | €363 | -€1,885 | -83.9% |
| Other operating charges | 640/8 | €889 | €529 | -€361 | -40.6% |
| Non-recurring operating charges | 66A | €876 | €1,577 | +€701 | +80.0% |
| Gross operating margin | 9900 | €107,591 | €135,533 | +€27,942 | +26.0% |
| Operating profit (loss) | 9901 | €5,952 | €35,653 | +€29,701 | +499.0% |
| Financial income | 75/76B | €265 | €243 | -€21 | -8.1% |
| Recurring financial income | 75 | €265 | €243 | -€21 | -8.1% |
| Financial charges | 65/66B | €1,273 | €2,436 | +€1,163 | +91.3% |
| Recurring financial charges | 65 | €1,273 | €2,436 | +€1,163 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €4,943 | €33,459 | +€28,517 | +576.9% |
| Income taxes | 67/77 | - | €7,784 | +€7,784 | |
| Profit (loss) for the period | 9904 | €4,943 | €25,675 | +€20,732 | +419.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,943 | €25,675 | +€20,732 | +419.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.