Ziant Alain: 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.
Ziant Alain
Largest movements
- Receivables within one year +€6,719
up €6,719 (+23.1%), from €29,107 to €35,826
of which Trade receivables: +€6,676
- Stocks and contracts -€2,726
down €2,726 (-28.2%), from €9,664 to €6,938
- Tangible fixed assets -€1,441
down €1,441 (-37.1%), from €3,888 to €2,447
of which Plant, machinery and equipment: -€852
- Trade debts +€9,478
up €9,478 (+248%), from €3,828 to €13,306
- Tax, wage and social debts -€6,826
down €6,826 (-88.0%), from €7,755 to €929
of which Remuneration and social security: -€6,714
- Reserves -€2,770
no longer reported in 2025 (was €2,770)
- Profit (loss) carried forward +€1,949
up €1,949 (+14.2%), from -€13,680 to -€11,731
- Short-term financial debts +€534
up €534 (+2.3%), from €23,112 to €23,646
- Turnover -€120,751
down €120,751 (-59.6%), from €202,630 to €81,879
- Purchases and services -€73,480
down €73,480 (-51.6%), from €142,431 to €68,951
- Staff costs -€50,807
down €50,807 (-80.7%), from €62,931 to €12,124
- Gross operating margin -€46,902
down €46,902 (-70.8%), from €66,232 to €19,330
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 | €45,964 | €48,352 | +€2,389 | +5.2% |
| Fixed assets | 21/28 | €3,913 | €2,472 | -€1,441 | -36.8% |
| Tangible fixed assets | 22/27 | €3,888 | €2,447 | -€1,441 | -37.1% |
| Plant, machinery and equipment | 23 | €2,393 | €1,540 | -€852 | -35.6% |
| Furniture and vehicles | 24 | €1,495 | €907 | -€589 | -39.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €42,051 | €45,880 | +€3,829 | +9.1% |
| Stocks and contracts in progress | 3 | €9,664 | €6,938 | -€2,726 | -28.2% |
| Stocks | 30/36 | €9,664 | €6,938 | -€2,726 | -28.2% |
| Amounts receivable within one year | 40/41 | €29,107 | €35,826 | +€6,719 | +23.1% |
| Trade receivables | 40 | €14,179 | €20,856 | +€6,676 | +47.1% |
| Other amounts receivable | 41 | €14,928 | €14,970 | +€42 | +0.3% |
| Cash at bank and in hand | 54/58 | €46 | €47 | +€1 | +2.2% |
| Deferred charges and accrued income | 490/1 | €3,234 | €3,070 | -€164 | -5.1% |
| Total equity and liabilities | 10/49 | €45,964 | €48,352 | +€2,389 | +5.2% |
| Equity | 10/15 | €9,550 | €8,729 | -€822 | -8.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €2,770 | - | -€2,770 | |
| Tax-exempt reserves | 132 | €2,770 | - | -€2,770 | |
| Profit (loss) carried forward | 14 | -€13,680 | -€11,731 | +€1,949 | +14.2% |
| Amounts payable | 17/49 | €36,414 | €39,624 | +€3,210 | +8.8% |
| Amounts payable within one year | 42/48 | €36,414 | €39,624 | +€3,210 | +8.8% |
| Financial debts | 43 | €23,112 | €23,646 | +€534 | +2.3% |
| Credit institutions | 430/8 | €23,112 | €23,646 | +€534 | +2.3% |
| Trade debts | 44 | €3,828 | €13,306 | +€9,478 | +248% |
| Suppliers | 440/4 | €3,828 | €13,306 | +€9,478 | +248% |
| Taxes, remuneration and social security | 45 | €7,755 | €929 | -€6,826 | -88.0% |
| Taxes | 450/3 | €1,041 | €929 | -€112 | -10.7% |
| Remuneration and social security | 454/9 | €6,714 | - | -€6,714 | |
| Other amounts payable | 47/48 | €1,718 | €1,743 | +€25 | +1.5% |
| Turnover | 70 | €202,630 | €81,879 | -€120,751 | -59.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €142,431 | €68,951 | -€73,480 | -51.6% |
| Remuneration, social security and pensions | 62 | €62,931 | €12,124 | -€50,807 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,948 | €1,280 | -€668 | -34.3% |
| Other operating charges | 640/8 | €1,853 | €1,835 | -€18 | -1.0% |
| Non-recurring operating charges | 66A | - | €161 | +€161 | |
| Gross operating margin | 9900 | €66,232 | €19,330 | -€46,902 | -70.8% |
| Operating profit (loss) | 9901 | -€501 | €3,930 | +€4,431 | |
| Financial income | 75/76B | €90 | €157 | +€67 | +74.0% |
| Recurring financial income | 75 | €90 | €157 | +€67 | +74.0% |
| Financial charges | 65/66B | €2,714 | €3,396 | +€683 | +25.2% |
| Recurring financial charges | 65 | €2,714 | €3,396 | +€683 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,124 | €691 | +€3,815 | |
| Income taxes | 67/77 | €338 | €1,512 | +€1,174 | +347% |
| Profit (loss) for the period | 9904 | -€3,463 | -€822 | +€2,641 | +76.3% |
| Transfer from tax-exempt reserves | 789 | - | €2,770 | +€2,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,463 | €1,949 | +€5,411 |
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 27 October 2026 via checked.be.