ZIERANCO: 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.
ZIERANCO
Largest movements
- Tangible fixed assets -€122,831
down €122,831 (-5.0%), from €2.5m to €2.3m
of which Land and buildings: -€121,633
- Current portion of long-term debt -€194,039
down €194,039 (-54.2%), from €357,974 to €163,935
- Financial income +€16,678
up €16,678 (+40.9%), from €40,792 to €57,470
- Taxes -€7,806
down €7,806 (-12.2%), from €64,127 to €56,320
- Financial charges -€7,673
down €7,673 (-10.1%), from €75,629 to €67,956
- Other operating charges +€4,028
up €4,028 (+4.6%), from €88,392 to €92,420
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,190,557 | €8,125,196 | -€65,360 | -0.8% |
| Fixed assets | 21/28 | €5,397,656 | €5,274,825 | -€122,831 | -2.3% |
| Tangible fixed assets | 22/27 | €2,451,375 | €2,328,544 | -€122,831 | -5.0% |
| Land and buildings | 22 | €2,449,259 | €2,327,626 | -€121,633 | -5.0% |
| Plant, machinery and equipment | 23 | €0 | €918 | +€918 | |
| Furniture and vehicles | 24 | €2,116 | - | -€2,116 | |
| Financial fixed assets | 28 | €2,946,281 | €2,946,281 | = | 0.0% |
| Current assets | 29/58 | €2,792,901 | €2,850,372 | +€57,470 | +2.1% |
| Amounts receivable after more than one year | 29 | €2,547,901 | €2,591,725 | +€43,824 | +1.7% |
| Other amounts receivable | 291 | €2,547,901 | €2,591,725 | +€43,824 | +1.7% |
| Amounts receivable within one year | 40/41 | €245,000 | €258,647 | +€13,647 | +5.6% |
| Other amounts receivable | 41 | €245,000 | €258,647 | +€13,647 | +5.6% |
| Total equity and liabilities | 10/49 | €8,190,557 | €8,125,196 | -€65,360 | -0.8% |
| Equity | 10/15 | €5,014,494 | €5,064,508 | +€50,014 | +1.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,734,067 | €2,734,067 | = | 0.0% |
| Reserves | 13 | €1,204,000 | €1,204,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €1,104,000 | €1,104,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,427 | €126,441 | +€50,014 | +65.4% |
| Amounts payable | 17/49 | €3,176,063 | €3,060,689 | -€115,374 | -3.6% |
| Amounts payable after more than one year | 17 | €1,573,320 | €1,575,120 | +€1,800 | +0.1% |
| Financial debts | 170/4 | €1,573,320 | €1,575,120 | +€1,800 | +0.1% |
| Amounts payable within one year | 42/48 | €1,095,778 | €926,424 | -€169,354 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €357,974 | €163,935 | -€194,039 | -54.2% |
| Trade debts | 44 | €135,514 | €57,353 | -€78,161 | -57.7% |
| Suppliers | 440/4 | €135,514 | €57,353 | -€78,161 | -57.7% |
| Taxes, remuneration and social security | 45 | €51,671 | €107,991 | +€56,320 | +109% |
| Taxes | 450/3 | €51,671 | €107,991 | +€56,320 | +109% |
| Other amounts payable | 47/48 | €550,619 | €597,145 | +€46,527 | +8.4% |
| Accrued charges and deferred income | 492/3 | €506,965 | €559,144 | +€52,179 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,757 | €123,980 | +€223 | +0.2% |
| Other operating charges | 640/8 | €88,392 | €92,420 | +€4,028 | +4.6% |
| Gross operating margin | 9900 | €332,137 | €333,219 | +€1,082 | +0.3% |
| Operating profit (loss) | 9901 | €119,988 | €116,819 | -€3,169 | -2.6% |
| Financial income | 75/76B | €40,792 | €57,470 | +€16,678 | +40.9% |
| Recurring financial income | 75 | €40,792 | €57,470 | +€16,678 | +40.9% |
| Financial charges | 65/66B | €75,629 | €67,956 | -€7,673 | -10.1% |
| Recurring financial charges | 65 | €75,629 | €67,956 | -€7,673 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €85,152 | €106,334 | +€21,182 | +24.9% |
| Income taxes | 67/77 | €64,127 | €56,320 | -€7,806 | -12.2% |
| Profit (loss) for the period | 9904 | €21,025 | €50,014 | +€28,989 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €21,025 | €50,014 | +€28,989 | +138% |
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 13 October 2026 via checked.be.