ZIC EUROPE: what changed
ZIC EUROPE
Largest movements
- Cash -€3,875
down €3,875 (-97.4%), from €3,978 to €104
mainly Net result for the year (-€7,944) and Trade debts (-€7,233)
- Stocks and contracts -€834
no longer reported in 2025 (was €834)
- Receivables within one year +€576
up €576 (+183%), from €314 to €890
of which Trade receivables: +€580
- Short-term financial debts +€11,198
new in 2025: €11,198
- Profit (loss) carried forward -€7,944
down €7,944 (-5.6%), from -€142,150 to -€150,094
- Trade debts -€7,233
down €7,233 (-61.1%), from €11,846 to €4,612
- Other debts -€126
down €126 (-0.2%), from €67,577 to €67,451
- Gross operating margin +€2,007
up €2,007 (+30.5%), from -€6,588 to -€4,580
- Financial charges +€1,084
up €1,084 (+126%), from €861 to €1,944
- Depreciation +€834
new in 2025: €834
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,351 | €1,219 | -€4,133 | -77.2% |
| Fixed assets | 21/28 | €225 | €225 | = | 0.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €5,126 | €994 | -€4,133 | -80.6% |
| Stocks and contracts in progress | 3 | €834 | - | -€834 | |
| Stocks | 30/36 | €834 | - | -€834 | |
| Amounts receivable within one year | 40/41 | €314 | €890 | +€576 | +183% |
| Trade receivables | 40 | - | €580 | +€580 | |
| Other amounts receivable | 41 | €314 | €310 | -€4 | -1.3% |
| Cash at bank and in hand | 54/58 | €3,978 | €104 | -€3,875 | -97.4% |
| Total equity and liabilities | 10/49 | €5,351 | €1,219 | -€4,133 | -77.2% |
| Equity | 10/15 | -€74,153 | -€82,097 | -€7,944 | -10.7% |
| Contributions | 10/11 | €61,975 | €61,975 | = | 0.0% |
| Capital | 10 | €61,975 | €61,975 | = | 0.0% |
| Issued capital | 100 | €61,975 | €61,975 | = | 0.0% |
| Reserves | 13 | €6,022 | €6,022 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,650 | €3,650 | = | 0.0% |
| Legal reserve | 130 | €3,650 | €3,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €372 | €372 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,150 | -€150,094 | -€7,944 | -5.6% |
| Amounts payable | 17/49 | €79,505 | €83,316 | +€3,811 | +4.8% |
| Amounts payable within one year | 42/48 | €79,505 | €83,316 | +€3,811 | +4.8% |
| Financial debts | 43 | - | €11,198 | +€11,198 | |
| Credit institutions | 430/8 | - | €11,198 | +€11,198 | |
| Trade debts | 44 | €11,846 | €4,612 | -€7,233 | -61.1% |
| Suppliers | 440/4 | €11,846 | €4,612 | -€7,233 | -61.1% |
| Taxes, remuneration and social security | 45 | €82 | €54 | -€27 | -33.5% |
| Taxes | 450/3 | €82 | €54 | -€27 | -33.5% |
| Other amounts payable | 47/48 | €67,577 | €67,451 | -€126 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €834 | +€834 | |
| Other operating charges | 640/8 | €596 | €586 | -€10 | -1.7% |
| Gross operating margin | 9900 | -€6,588 | -€4,580 | +€2,007 | +30.5% |
| Operating profit (loss) | 9901 | -€7,183 | -€5,999 | +€1,184 | +16.5% |
| Financial charges | 65/66B | €861 | €1,944 | +€1,084 | +126% |
| Recurring financial charges | 65 | €861 | €1,944 | +€1,084 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€8,044 | -€7,944 | +€101 | +1.3% |
| Profit (loss) for the period | 9904 | -€8,044 | -€7,944 | +€101 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,044 | -€7,944 | +€101 | +1.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.