ZiDa: 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.
ZiDa
Largest movements
- Cash +€110,435
up €110,435 (+223%), from €49,539 to €159,974
mainly Net result for the year (+€81,934) and Depreciation (+€38,272)
- Tangible fixed assets -€65,223
down €65,223 (-16.5%), from €394,917 to €329,694
of which Furniture and vehicles: -€34,883
- Stocks and contracts -€9,130
no longer reported in 2025 (was €9,130)
- Receivables within one year -€8,377
down €8,377 (-64.7%), from €12,954 to €4,578
of which Trade receivables: -€12,954
- Profit (loss) carried forward +€71,410
up €71,410 (+64.6%), from €110,568 to €181,978
- Debts after one year -€38,196
down €38,196 (-14.4%), from €266,099 to €227,903
- Other debts -€7,648
down €7,648 (-33.2%), from €23,064 to €15,417
- Gross operating margin +€80,359
up €80,359 (+106%), from €75,550 to €155,909
- Taxes +€13,376
up €13,376 (+241%), from €5,547 to €18,922
- Other operating charges +€5,516
up €5,516 (+192%), from €2,879 to €8,395
- Depreciation -€4,018
down €4,018 (-9.5%), from €42,291 to €38,272
- Staff costs +€2,979
up €2,979 (+4,804%), from €62 to €3,041
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 | €466,814 | €494,296 | +€27,482 | +5.9% |
| Fixed assets | 21/28 | €394,967 | €329,744 | -€65,223 | -16.5% |
| Tangible fixed assets | 22/27 | €394,917 | €329,694 | -€65,223 | -16.5% |
| Land and buildings | 22 | €249,209 | €234,231 | -€14,978 | -6.0% |
| Furniture and vehicles | 24 | €52,445 | €17,562 | -€34,883 | -66.5% |
| Other tangible fixed assets | 26 | €93,263 | €77,901 | -€15,362 | -16.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €71,847 | €164,551 | +€92,705 | +129% |
| Stocks and contracts in progress | 3 | €9,130 | - | -€9,130 | |
| Stocks | 30/36 | €9,130 | - | -€9,130 | |
| Amounts receivable within one year | 40/41 | €12,954 | €4,578 | -€8,377 | -64.7% |
| Trade receivables | 40 | €12,954 | - | -€12,954 | |
| Other amounts receivable | 41 | - | €4,578 | +€4,578 | |
| Cash at bank and in hand | 54/58 | €49,539 | €159,974 | +€110,435 | +223% |
| Deferred charges and accrued income | 490/1 | €223 | - | -€223 | |
| Total equity and liabilities | 10/49 | €466,814 | €494,296 | +€27,482 | +5.9% |
| Equity | 10/15 | €130,973 | €202,383 | +€71,410 | +54.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,568 | €181,978 | +€71,410 | +64.6% |
| Amounts payable | 17/49 | €335,841 | €291,913 | -€43,928 | -13.1% |
| Amounts payable after more than one year | 17 | €266,099 | €227,903 | -€38,196 | -14.4% |
| Financial debts | 170/4 | €266,099 | €227,903 | -€38,196 | -14.4% |
| Amounts payable within one year | 42/48 | €69,742 | €64,010 | -€5,732 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €37,665 | €38,196 | +€531 | +1.4% |
| Trade debts | 44 | €4,222 | €3,662 | -€560 | -13.3% |
| Suppliers | 440/4 | €4,222 | €3,662 | -€560 | -13.3% |
| Taxes, remuneration and social security | 45 | €4,791 | €6,735 | +€1,944 | +40.6% |
| Taxes | 450/3 | €4,791 | €6,735 | +€1,944 | +40.6% |
| Other amounts payable | 47/48 | €23,064 | €15,417 | -€7,648 | -33.2% |
| Non-recurring operating income | 76A | - | €108,546 | +€108,546 | |
| Remuneration, social security and pensions | 62 | €62 | €3,041 | +€2,979 | +4,804% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,291 | €38,272 | -€4,018 | -9.5% |
| Other operating charges | 640/8 | €2,879 | €8,395 | +€5,516 | +192% |
| Non-recurring operating charges | 66A | €441 | - | -€441 | |
| Gross operating margin | 9900 | €75,550 | €155,909 | +€80,359 | +106% |
| Operating profit (loss) | 9901 | €29,877 | €106,200 | +€76,323 | +255% |
| Financial income | 75/76B | €90 | €7 | -€83 | -92.4% |
| Recurring financial income | 75 | €90 | €7 | -€83 | -92.4% |
| Financial charges | 65/66B | €5,859 | €5,350 | -€508 | -8.7% |
| Recurring financial charges | 65 | €5,859 | €5,350 | -€508 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €24,108 | €100,857 | +€76,749 | +318% |
| Income taxes | 67/77 | €5,547 | €18,922 | +€13,376 | +241% |
| Profit (loss) for the period | 9904 | €18,562 | €81,934 | +€63,373 | +341% |
| Profit (loss) for the period to be appropriated | 9905 | €18,562 | €81,934 | +€63,373 | +341% |
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 25 October 2026 via checked.be.