ZIHA: 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.
ZIHA
Largest movements
- Tangible fixed assets -€26,206
down €26,206 (-3.2%), from €808,635 to €782,429
of which Land and buildings: -€22,818
- Profit (loss) carried forward -€35,650
down €35,650 (-15.4%), from -€231,860 to -€267,510
- Debts after one year -€26,280
down €26,280 (-7.4%), from €353,373 to €327,093
- Accrued charges and deferred income +€20,940
up €20,940 (+88.0%), from €23,802 to €44,742
- Current portion of long-term debt +€14,780
up €14,780 (+49.7%), from €29,763 to €44,543
- Other operating charges +€7,692
up €7,692 (+180%), from €4,279 to €11,971
- Gross operating margin -€4,852
down €4,852 (-16.4%), from €29,642 to €24,790
- Financial charges -€1,048
down €1,048 (-4.5%), from €23,310 to €22,263
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 | €812,199 | €792,873 | -€19,326 | -2.4% |
| Fixed assets | 21/28 | €808,635 | €782,429 | -€26,206 | -3.2% |
| Tangible fixed assets | 22/27 | €808,635 | €782,429 | -€26,206 | -3.2% |
| Land and buildings | 22 | €784,184 | €761,366 | -€22,818 | -2.9% |
| Furniture and vehicles | 24 | €24,451 | €21,063 | -€3,388 | -13.9% |
| Current assets | 29/58 | €3,564 | €10,445 | +€6,880 | +193% |
| Cash at bank and in hand | 54/58 | €2,295 | €5,101 | +€2,806 | +122% |
| Deferred charges and accrued income | 490/1 | €1,269 | €5,343 | +€4,074 | +321% |
| Total equity and liabilities | 10/49 | €812,199 | €792,873 | -€19,326 | -2.4% |
| Equity | 10/15 | €348,140 | €312,490 | -€35,650 | -10.2% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,860 | -€267,510 | -€35,650 | -15.4% |
| Amounts payable | 17/49 | €464,059 | €480,383 | +€16,324 | +3.5% |
| Amounts payable after more than one year | 17 | €353,373 | €327,093 | -€26,280 | -7.4% |
| Other amounts payable | 178/9 | €353,373 | €327,093 | -€26,280 | -7.4% |
| Amounts payable within one year | 42/48 | €86,884 | €108,548 | +€21,664 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €29,763 | €44,543 | +€14,780 | +49.7% |
| Trade debts | 44 | €16,044 | €20,049 | +€4,004 | +25.0% |
| Suppliers | 440/4 | €16,044 | €20,049 | +€4,004 | +25.0% |
| Other amounts payable | 47/48 | €41,077 | €43,957 | +€2,880 | +7.0% |
| Accrued charges and deferred income | 492/3 | €23,802 | €44,742 | +€20,940 | +88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,206 | €26,206 | = | 0.0% |
| Other operating charges | 640/8 | €4,279 | €11,971 | +€7,692 | +180% |
| Gross operating margin | 9900 | €29,642 | €24,790 | -€4,852 | -16.4% |
| Operating profit (loss) | 9901 | -€843 | -€13,387 | -€12,544 | -1,488% |
| Financial charges | 65/66B | €23,310 | €22,263 | -€1,048 | -4.5% |
| Recurring financial charges | 65 | €23,310 | €22,263 | -€1,048 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,153 | -€35,650 | -€11,496 | -47.6% |
| Profit (loss) for the period | 9904 | -€24,153 | -€35,650 | -€11,496 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,153 | -€35,650 | -€11,496 | -47.6% |
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 17 October 2026 via checked.be.