ZIELENBERG: 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.
ZIELENBERG
Largest movements
- Cash +€69,221
up €69,221 (+1,261%), from €5,490 to €74,711
mainly Debts after one year (+€77,362) and Depreciation (+€27,395)
- Tangible fixed assets -€25,380
down €25,380 (-5.1%), from €496,514 to €471,134
of which Land and buildings: -€39,201
- Receivables within one year +€13,468
up €13,468 (+40.8%), from €33,040 to €46,508
of which Trade receivables: +€9,171
- Debts after one year +€77,362
up €77,362 (+28.3%), from €273,358 to €350,720
of which Financial debts: +€77,362
- Trade debts -€29,584
down €29,584 (-61.1%), from €48,447 to €18,863
- Current portion of long-term debt +€15,509
new in 2025: €15,509
- Profit (loss) carried forward -€14,014
down €14,014 (-2.3%), from -€613,356 to -€627,370
- Gross operating margin +€175,761
up €175,761 (+1,763%), from €9,971 to €185,731
- Other operating charges -€7,788
down €7,788 (-34.5%), from €22,571 to €14,784
- Depreciation +€5,444
up €5,444 (+24.8%), from €21,951 to €27,395
- Financial income -€5,380
down €5,380 (-100%), from €5,380 to €0
of which Non-recurring financial income: -€4,526
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 | €575,547 | €629,152 | +€53,605 | +9.3% |
| Fixed assets | 21/28 | €496,514 | €471,134 | -€25,380 | -5.1% |
| Tangible fixed assets | 22/27 | €496,514 | €471,134 | -€25,380 | -5.1% |
| Land and buildings | 22 | €493,782 | €454,581 | -€39,201 | -7.9% |
| Plant, machinery and equipment | 23 | €2,051 | €16,008 | +€13,957 | +681% |
| Furniture and vehicles | 24 | €682 | €545 | -€136 | -20.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €79,032 | €158,018 | +€78,985 | +99.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,040 | €46,508 | +€13,468 | +40.8% |
| Trade receivables | 40 | €28,417 | €37,589 | +€9,171 | +32.3% |
| Other amounts receivable | 41 | €4,622 | €8,919 | +€4,297 | +92.9% |
| Cash at bank and in hand | 54/58 | €5,490 | €74,711 | +€69,221 | +1,261% |
| Deferred charges and accrued income | 490/1 | €10,503 | €6,799 | -€3,704 | -35.3% |
| Total equity and liabilities | 10/49 | €575,547 | €629,152 | +€53,605 | +9.3% |
| Equity | 10/15 | €172,644 | €158,630 | -€14,014 | -8.1% |
| Contributions | 10/11 | €786,000 | €786,000 | = | 0.0% |
| Capital | 10 | €786,000 | €786,000 | = | 0.0% |
| Issued capital | 100 | €812,000 | €812,000 | = | 0.0% |
| Uncalled capital | 101 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€613,356 | -€627,370 | -€14,014 | -2.3% |
| Amounts payable | 17/49 | €402,902 | €470,521 | +€67,619 | +16.8% |
| Amounts payable after more than one year | 17 | €273,358 | €350,720 | +€77,362 | +28.3% |
| Financial debts | 170/4 | €146,358 | €223,720 | +€77,362 | +52.9% |
| Other amounts payable | 178/9 | €127,000 | €127,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €129,545 | €119,802 | -€9,743 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,509 | +€15,509 | |
| Trade debts | 44 | €48,447 | €18,863 | -€29,584 | -61.1% |
| Suppliers | 440/4 | €48,447 | €18,863 | -€29,584 | -61.1% |
| Other amounts payable | 47/48 | €81,097 | €85,429 | +€4,332 | +5.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €252,172 | +€252,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,951 | €27,395 | +€5,444 | +24.8% |
| Other operating charges | 640/8 | €22,571 | €14,784 | -€7,788 | -34.5% |
| Non-recurring operating charges | 66A | - | €154,716 | +€154,716 | |
| Gross operating margin | 9900 | €9,971 | €185,731 | +€175,761 | +1,763% |
| Operating profit (loss) | 9901 | -€34,551 | -€11,163 | +€23,388 | +67.7% |
| Financial income | 75/76B | €5,380 | €0 | -€5,380 | -100% |
| Recurring financial income | 75 | €854 | €0 | -€854 | -100% |
| Non-recurring financial income | 76B | €4,526 | €0 | -€4,526 | -100% |
| Financial charges | 65/66B | €2,758 | €2,851 | +€93 | +3.4% |
| Recurring financial charges | 65 | €2,758 | €2,851 | +€93 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,929 | -€14,014 | +€17,915 | +56.1% |
| Profit (loss) for the period | 9904 | -€31,929 | -€14,014 | +€17,915 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,929 | -€14,014 | +€17,915 | +56.1% |
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 17 October 2026 via checked.be.