ZIBELCO: 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.
ZIBELCO
Largest movements
- Receivables within one year +€1,332
up €1,332 (+7.7%), from €17,394 to €18,726
of which Trade receivables: +€7,705
- Cash +€233
up €233 (+39.4%), from €591 to €824
mainly Trade debts (+€17,781) and Other debts (+€5,080)
- Profit (loss) carried forward -€21,226
down €21,226 (-41.3%), from -€51,427 to -€72,653
- Trade debts +€17,781
up €17,781 (+1,279%), from €1,390 to €19,171
- Other debts +€5,080
up €5,080 (+14.7%), from €34,575 to €39,655
- Gross operating margin -€8,962
down €8,962 (-18.2%), from €49,185 to €40,223
- Staff costs +€6,868
up €6,868 (+12.8%), from €53,545 to €60,413
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 | €17,985 | €19,550 | +€1,565 | +8.7% |
| Current assets | 29/58 | €17,985 | €19,550 | +€1,565 | +8.7% |
| Amounts receivable within one year | 40/41 | €17,394 | €18,726 | +€1,332 | +7.7% |
| Trade receivables | 40 | - | €7,705 | +€7,705 | |
| Other amounts receivable | 41 | €17,394 | €11,021 | -€6,373 | -36.6% |
| Cash at bank and in hand | 54/58 | €591 | €824 | +€233 | +39.4% |
| Total equity and liabilities | 10/49 | €17,985 | €19,550 | +€1,565 | +8.7% |
| Equity | 10/15 | -€19,962 | -€41,188 | -€21,226 | -106% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,865 | €12,865 | = | 0.0% |
| Distributable reserves | 133 | €12,865 | €12,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,427 | -€72,653 | -€21,226 | -41.3% |
| Amounts payable | 17/49 | €37,947 | €60,738 | +€22,791 | +60.1% |
| Amounts payable within one year | 42/48 | €37,947 | €60,738 | +€22,791 | +60.1% |
| Trade debts | 44 | €1,390 | €19,171 | +€17,781 | +1,279% |
| Suppliers | 440/4 | €1,390 | €19,171 | +€17,781 | +1,279% |
| Taxes, remuneration and social security | 45 | €1,982 | €1,912 | -€70 | -3.5% |
| Remuneration and social security | 454/9 | €1,982 | €1,912 | -€70 | -3.5% |
| Other amounts payable | 47/48 | €34,575 | €39,655 | +€5,080 | +14.7% |
| Remuneration, social security and pensions | 62 | €53,545 | €60,413 | +€6,868 | +12.8% |
| Other operating charges | 640/8 | €542 | €709 | +€167 | +30.9% |
| Gross operating margin | 9900 | €49,185 | €40,223 | -€8,962 | -18.2% |
| Operating profit (loss) | 9901 | -€4,901 | -€20,899 | -€15,998 | -326% |
| Financial income | 75/76B | €933 | €754 | -€179 | -19.2% |
| Recurring financial income | 75 | €933 | €754 | -€179 | -19.2% |
| Financial charges | 65/66B | €1,374 | €1,082 | -€292 | -21.3% |
| Recurring financial charges | 65 | €1,374 | €1,082 | -€292 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,342 | -€21,226 | -€15,884 | -297% |
| Profit (loss) for the period | 9904 | -€5,342 | -€21,226 | -€15,884 | -297% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,342 | -€21,226 | -€15,884 | -297% |
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.