ZIJLIJN: 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.
ZIJLIJN
Largest movements
- Cash +€56,297
up €56,297 (+109%), from €51,864 to €108,161
mainly Net result for the year (+€80,283) and Tax, wage and social debts (+€18,590)
- Receivables within one year +€25,089
up €25,089 (+582%), from €4,308 to €29,398
- Deferred charges and accrued income +€13,359
up €13,359 (+1,685%), from €793 to €14,153
- Tangible fixed assets -€8,375
down €8,375 (-30.1%), from €27,802 to €19,427
of which Furniture and vehicles: -€7,073
- Reserves +€78,617
up €78,617 (+164%), from €47,948 to €126,565
- Tax, wage and social debts +€18,590
up €18,590 (+169%), from €11,024 to €29,614
- Debts after one year -€8,468
no longer reported in 2025 (was €8,468)
- Gross operating margin +€36,567
up €36,567 (+48.1%), from €76,032 to €112,599
- Taxes +€8,363
up €8,363 (+63.8%), from €13,105 to €21,468
- Financial charges -€1,261
down €1,261 (-59.6%), from €2,114 to €853
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 | €84,768 | €171,138 | +€86,371 | +102% |
| Fixed assets | 21/28 | €27,802 | €19,427 | -€8,375 | -30.1% |
| Tangible fixed assets | 22/27 | €27,802 | €19,427 | -€8,375 | -30.1% |
| Land and buildings | 22 | €2,927 | €2,630 | -€297 | -10.1% |
| Plant, machinery and equipment | 23 | €2,007 | €1,002 | -€1,005 | -50.1% |
| Furniture and vehicles | 24 | €22,868 | €15,794 | -€7,073 | -30.9% |
| Current assets | 29/58 | €56,965 | €151,712 | +€94,746 | +166% |
| Amounts receivable within one year | 40/41 | €4,308 | €29,398 | +€25,089 | +582% |
| Trade receivables | 40 | €4,308 | €29,398 | +€25,089 | +582% |
| Cash at bank and in hand | 54/58 | €51,864 | €108,161 | +€56,297 | +109% |
| Deferred charges and accrued income | 490/1 | €793 | €14,153 | +€13,359 | +1,685% |
| Total equity and liabilities | 10/49 | €84,768 | €171,138 | +€86,371 | +102% |
| Equity | 10/15 | €51,948 | €130,565 | +€78,617 | +151% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €47,948 | €126,565 | +€78,617 | +164% |
| Distributable reserves | 133 | €47,948 | €126,565 | +€78,617 | +164% |
| Amounts payable | 17/49 | €32,819 | €40,573 | +€7,754 | +23.6% |
| Amounts payable after more than one year | 17 | €8,468 | - | -€8,468 | |
| Financial debts | 170/4 | €8,468 | - | -€8,468 | |
| Amounts payable within one year | 42/48 | €24,351 | €40,573 | +€16,222 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €8,804 | €8,468 | -€336 | -3.8% |
| Trade debts | 44 | €466 | €54 | -€412 | -88.5% |
| Suppliers | 440/4 | €466 | €54 | -€412 | -88.5% |
| Taxes, remuneration and social security | 45 | €11,024 | €29,614 | +€18,590 | +169% |
| Taxes | 450/3 | €11,024 | €29,614 | +€18,590 | +169% |
| Other amounts payable | 47/48 | €4,057 | €2,437 | -€1,620 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,080 | €9,445 | -€635 | -6.3% |
| Other operating charges | 640/8 | €1,186 | €553 | -€633 | -53.3% |
| Gross operating margin | 9900 | €76,032 | €112,599 | +€36,567 | +48.1% |
| Operating profit (loss) | 9901 | €64,766 | €102,601 | +€37,835 | +58.4% |
| Financial income | 75/76B | €1 | €4 | +€2 | +158% |
| Recurring financial income | 75 | €1 | €4 | +€2 | +158% |
| Financial charges | 65/66B | €2,114 | €853 | -€1,261 | -59.6% |
| Recurring financial charges | 65 | €2,114 | €853 | -€1,261 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €62,653 | €101,751 | +€39,098 | +62.4% |
| Income taxes | 67/77 | €13,105 | €21,468 | +€8,363 | +63.8% |
| Profit (loss) for the period | 9904 | €49,548 | €80,283 | +€30,735 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,548 | €80,283 | +€30,735 | +62.0% |
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 24 October 2026 via checked.be.