ZIEZO HENA: what changed
What changed
ZIEZO HENA
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€41,347
2024 · €16,147+€25,200
Equity
€212,345
2024 · €170,999+€41,347
Cash
€116,127
2024 · €113,871+€2,256
Balance sheet total
€492,038
2024 · €420,225+€71,813
Largest movements
Assets
- Current investments +€76,498
up €76,498 (+56.4%), from €135,563 to €212,060
- Receivables within one year -€39,484
down €39,484 (-25.7%), from €153,608 to €114,125
of which Other amounts receivable: -€36,099
- Tangible fixed assets +€22,963
new in 2025: €22,963
of which Leasing and similar rights: +€19,707
- Stocks and contracts +€7,324
up €7,324 (+56.7%), from €12,916 to €20,240
Equity and liabilities
- Other debts -€63,924
down €63,924 (-61.1%), from €104,628 to €40,705
- Trade debts +€60,051
up €60,051 (+54.5%), from €110,159 to €170,210
- Reserves +€41,347
up €41,347 (+25.1%), from €164,799 to €206,145
of which Distributable reserves: +€41,347
- Debts after one year +€15,586
new in 2025: €15,586
- Tax, wage and social debts +€14,637
up €14,637 (+59.6%), from €24,576 to €39,212
of which Remuneration and social security: +€12,096
Income statement
- Gross operating margin +€71,140
up €71,140 (+23.3%), from €305,542 to €376,682
- Staff costs +€26,636
up €26,636 (+9.8%), from €271,825 to €298,461
- Taxes +€11,834
up €11,834 (+133%), from €8,893 to €20,727
- Depreciation +€5,028
new in 2025: €5,028
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.
Result 2024
€16,147
Gross operating margin
+€71,140
Staff costs
-€26,636
Depreciation
-€5,028
Other operating charges
-€1,222
Financial income
+€1,012
Financial charges
-€2,232
Taxes
-€11,834
Result 2025
€41,347
raises the resultlowers the result
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.
From operations
+€86,909
Investment
-€104,489
Financing
+€19,836
Cash 2024
€113,871
From operations (derived)
+€86,909
Net result for the year
+€41,347
Depreciation
+€5,028
Stocks and contracts
-€7,324
Receivables within one year
+€39,484
Deferred charges and accrued income
-€2,256
Trade debts
+€60,051
Tax, wage and social debts
+€14,637
Other debts
-€63,924
Accrued charges and deferred income
-€134
Investment (derived)
-€104,489
Investment in fixed assets (net)
-€27,991
Current investments
-€76,498
Financing
+€19,836
Debts after one year
+€15,586
Current portion of long-term debt
+€2,637
Short-term financial debts
+€1,613
Cash 2025
€116,127
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,225 | €492,038 | +€71,813 | +17.1% |
| Fixed assets | 21/28 | - | €22,963 | +€22,963 | |
| Tangible fixed assets | 22/27 | - | €22,963 | +€22,963 | |
| Plant, machinery and equipment | 23 | - | €3,256 | +€3,256 | |
| Leasing and similar rights | 25 | - | €19,707 | +€19,707 | |
| Current assets | 29/58 | €420,225 | €469,075 | +€48,849 | +11.6% |
| Stocks and contracts in progress | 3 | €12,916 | €20,240 | +€7,324 | +56.7% |
| Stocks | 30/36 | €12,916 | €20,240 | +€7,324 | +56.7% |
| Amounts receivable within one year | 40/41 | €153,608 | €114,125 | -€39,484 | -25.7% |
| Trade receivables | 40 | €12,891 | €9,507 | -€3,384 | -26.3% |
| Other amounts receivable | 41 | €140,717 | €104,618 | -€36,099 | -25.7% |
| Current investments | 50/53 | €135,563 | €212,060 | +€76,498 | +56.4% |
| Cash at bank and in hand | 54/58 | €113,871 | €116,127 | +€2,256 | +2.0% |
| Deferred charges and accrued income | 490/1 | €4,267 | €6,523 | +€2,256 | +52.9% |
| Total equity and liabilities | 10/49 | €420,225 | €492,038 | +€71,813 | +17.1% |
| Equity | 10/15 | €170,999 | €212,345 | +€41,347 | +24.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,799 | €206,145 | +€41,347 | +25.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €164,799 | €206,145 | +€41,347 | +25.1% |
| Amounts payable | 17/49 | €249,226 | €279,692 | +€30,466 | +12.2% |
| Amounts payable after more than one year | 17 | - | €15,586 | +€15,586 | |
| Financial debts | 170/4 | - | €15,586 | +€15,586 | |
| Amounts payable within one year | 42/48 | €247,966 | €262,980 | +€15,014 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €8,604 | €11,241 | +€2,637 | +30.7% |
| Financial debts | 43 | - | €1,613 | +€1,613 | |
| Credit institutions | 430/8 | - | €1,613 | +€1,613 | |
| Trade debts | 44 | €110,159 | €170,210 | +€60,051 | +54.5% |
| Suppliers | 440/4 | €110,159 | €170,210 | +€60,051 | +54.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,576 | €39,212 | +€14,637 | +59.6% |
| Taxes | 450/3 | €3,745 | €6,286 | +€2,541 | +67.8% |
| Remuneration and social security | 454/9 | €20,831 | €32,927 | +€12,096 | +58.1% |
| Other amounts payable | 47/48 | €104,628 | €40,705 | -€63,924 | -61.1% |
| Accrued charges and deferred income | 492/3 | €1,260 | €1,126 | -€134 | -10.6% |
| Remuneration, social security and pensions | 62 | €271,825 | €298,461 | +€26,636 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,028 | +€5,028 | |
| Other operating charges | 640/8 | €2,015 | €3,237 | +€1,222 | +60.7% |
| Gross operating margin | 9900 | €305,542 | €376,682 | +€71,140 | +23.3% |
| Operating profit (loss) | 9901 | €31,702 | €69,956 | +€38,254 | +121% |
| Financial income | 75/76B | €2,247 | €3,259 | +€1,012 | +45.0% |
| Recurring financial income | 75 | €2,247 | €3,259 | +€1,012 | +45.0% |
| Financial charges | 65/66B | €8,909 | €11,142 | +€2,232 | +25.1% |
| Recurring financial charges | 65 | €8,909 | €11,142 | +€2,232 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €25,040 | €62,074 | +€37,034 | +148% |
| Income taxes | 67/77 | €8,893 | €20,727 | +€11,834 | +133% |
| Profit (loss) for the period | 9904 | €16,147 | €41,347 | +€25,200 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €16,147 | €41,347 | +€25,200 | +156% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.