ZIBOE Engineering & Advies: 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.
ZIBOE Engineering & Advies
Largest movements
- Cash +€21,448
up €21,448 (+97.6%), from €21,987 to €43,435
mainly Net result for the year (+€16,670) and Tax, wage and social debts (+€3,653)
- Tangible fixed assets +€915
new in 2025: €915
- Receivables within one year -€850
down €850 (-9.0%), from €9,489 to €8,639
of which Trade receivables: -€850
- Reserves +€16,670
up €16,670 (+103%), from €16,234 to €32,904
- Tax, wage and social debts +€3,653
up €3,653 (+63.7%), from €5,739 to €9,392
- Other debts +€1,199
up €1,199 (+17.9%), from €6,687 to €7,886
- Gross operating margin -€811
down €811 (-3.7%), from €22,065 to €21,255
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 | €32,702 | €54,239 | +€21,537 | +65.9% |
| Fixed assets | 21/28 | - | €915 | +€915 | |
| Tangible fixed assets | 22/27 | - | €915 | +€915 | |
| Furniture and vehicles | 24 | - | €915 | +€915 | |
| Current assets | 29/58 | €32,702 | €53,325 | +€20,623 | +63.1% |
| Amounts receivable within one year | 40/41 | €9,489 | €8,639 | -€850 | -9.0% |
| Trade receivables | 40 | €9,489 | €8,639 | -€850 | -9.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,987 | €43,435 | +€21,448 | +97.6% |
| Deferred charges and accrued income | 490/1 | €1,226 | €1,250 | +€24 | +2.0% |
| Total equity and liabilities | 10/49 | €32,702 | €54,239 | +€21,537 | +65.9% |
| Equity | 10/15 | €19,234 | €35,904 | +€16,670 | +86.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,234 | €32,904 | +€16,670 | +103% |
| Distributable reserves | 133 | €16,234 | €32,904 | +€16,670 | +103% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,468 | €18,336 | +€4,868 | +36.1% |
| Amounts payable within one year | 42/48 | €13,468 | €18,336 | +€4,868 | +36.1% |
| Trade debts | 44 | €1,043 | €1,058 | +€16 | +1.5% |
| Suppliers | 440/4 | €1,043 | €1,058 | +€16 | +1.5% |
| Taxes, remuneration and social security | 45 | €5,739 | €9,392 | +€3,653 | +63.7% |
| Taxes | 450/3 | €5,739 | €9,392 | +€3,653 | +63.7% |
| Other amounts payable | 47/48 | €6,687 | €7,886 | +€1,199 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €166 | +€166 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €22,065 | €21,255 | -€811 | -3.7% |
| Operating profit (loss) | 9901 | €21,947 | €20,969 | -€979 | -4.5% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €140 | €153 | +€13 | +9.3% |
| Recurring financial charges | 65 | €140 | €153 | +€13 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €21,807 | €20,837 | -€970 | -4.4% |
| Income taxes | 67/77 | €4,092 | €4,167 | +€76 | +1.8% |
| Profit (loss) for the period | 9904 | €17,716 | €16,670 | -€1,046 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,716 | €16,670 | -€1,046 | -5.9% |
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 31 October 2026 via checked.be.