Ziedoes: 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.
Ziedoes
Largest movements
- Receivables within one year +€87,496
up €87,496 (+27.0%), from €323,812 to €411,308
of which Trade receivables: +€66,122
- Cash +€56,837
up €56,837 (+87.6%), from €64,887 to €121,723
mainly Net result for the year (+€122,625) and Other debts (+€63,020)
- Tangible fixed assets -€34,176
down €34,176 (-7.8%), from €435,749 to €401,573
- Other debts +€63,020
up €63,020 (+158%), from €39,957 to €102,977
- Reserves +€57,625
up €57,625 (+39.6%), from €145,603 to €203,227
of which Distributable reserves: +€57,625
- Debts after one year -€41,513
down €41,513 (-12.3%), from €336,788 to €295,274
- Tax, wage and social debts +€19,398
up €19,398 (+12.3%), from €157,105 to €176,503
of which Taxes: +€22,257
- Short-term financial debts +€9,725
up €9,725 (+43.5%), from €22,344 to €32,069
of which Credit institutions: +€22,069
- Gross operating margin +€213,135
up €213,135 (+46.3%), from €460,717 to €673,851
- Staff costs +€62,528
up €62,528 (+16.6%), from €377,209 to €439,736
- Taxes +€20,341
up €20,341 (+137%), from €14,797 to €35,138
- Financial charges +€13,028
up €13,028 (+135%), from €9,660 to €22,688
- Other operating charges +€9,976
up €9,976 (+193%), from €5,176 to €15,152
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 | €831,524 | €943,981 | +€112,457 | +13.5% |
| Fixed assets | 21/28 | €435,749 | €401,573 | -€34,176 | -7.8% |
| Tangible fixed assets | 22/27 | €435,749 | €401,573 | -€34,176 | -7.8% |
| Land and buildings | 22 | €383,132 | €366,178 | -€16,954 | -4.4% |
| Plant, machinery and equipment | 23 | €24,985 | €18,680 | -€6,305 | -25.2% |
| Furniture and vehicles | 24 | €27,632 | €16,715 | -€10,916 | -39.5% |
| Current assets | 29/58 | €395,775 | €542,408 | +€146,633 | +37.0% |
| Amounts receivable within one year | 40/41 | €323,812 | €411,308 | +€87,496 | +27.0% |
| Trade receivables | 40 | €313,249 | €379,371 | +€66,122 | +21.1% |
| Other amounts receivable | 41 | €10,562 | €31,937 | +€21,374 | +202% |
| Cash at bank and in hand | 54/58 | €64,887 | €121,723 | +€56,837 | +87.6% |
| Deferred charges and accrued income | 490/1 | €7,077 | €9,377 | +€2,300 | +32.5% |
| Total equity and liabilities | 10/49 | €831,524 | €943,981 | +€112,457 | +13.5% |
| Equity | 10/15 | €164,203 | €221,827 | +€57,625 | +35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,603 | €203,227 | +€57,625 | +39.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,743 | €201,367 | +€57,625 | +40.1% |
| Amounts payable | 17/49 | €667,321 | €722,154 | +€54,833 | +8.2% |
| Amounts payable after more than one year | 17 | €336,788 | €295,274 | -€41,513 | -12.3% |
| Financial debts | 170/4 | €336,788 | €295,274 | -€41,513 | -12.3% |
| Amounts payable within one year | 42/48 | €330,533 | €426,879 | +€96,346 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €44,956 | €41,513 | -€3,442 | -7.7% |
| Financial debts | 43 | €22,344 | €32,069 | +€9,725 | +43.5% |
| Credit institutions | 430/8 | €10,000 | €32,069 | +€22,069 | +221% |
| Other loans | 439 | €12,344 | - | -€12,344 | |
| Trade debts | 44 | €66,172 | €73,817 | +€7,646 | +11.6% |
| Suppliers | 440/4 | €66,172 | €73,817 | +€7,646 | +11.6% |
| Taxes, remuneration and social security | 45 | €157,105 | €176,503 | +€19,398 | +12.3% |
| Taxes | 450/3 | €81,732 | €103,989 | +€22,257 | +27.2% |
| Remuneration and social security | 454/9 | €75,373 | €72,513 | -€2,859 | -3.8% |
| Other amounts payable | 47/48 | €39,957 | €102,977 | +€63,020 | +158% |
| Remuneration, social security and pensions | 62 | €377,209 | €439,736 | +€62,528 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,366 | €41,462 | -€4,904 | -10.6% |
| Other operating charges | 640/8 | €5,176 | €15,152 | +€9,976 | +193% |
| Gross operating margin | 9900 | €460,717 | €673,851 | +€213,135 | +46.3% |
| Operating profit (loss) | 9901 | €31,966 | €177,501 | +€145,535 | +455% |
| Financial income | 75/76B | €894 | €2,950 | +€2,056 | +230% |
| Recurring financial income | 75 | €894 | €2,950 | +€2,056 | +230% |
| Financial charges | 65/66B | €9,660 | €22,688 | +€13,028 | +135% |
| Recurring financial charges | 65 | €9,660 | €22,688 | +€13,028 | +135% |
| Profit (loss) for the period before taxes | 9903 | €23,199 | €157,763 | +€134,563 | +580% |
| Income taxes | 67/77 | €14,797 | €35,138 | +€20,341 | +137% |
| Profit (loss) for the period | 9904 | €8,402 | €122,625 | +€114,222 | +1,359% |
| Profit (loss) for the period to be appropriated | 9905 | €8,402 | €122,625 | +€114,222 | +1,359% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.