ZIJNSKRACHT: 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.
ZIJNSKRACHT
Largest movements
- Tangible fixed assets -€24,832
down €24,832 (-9.0%), from €276,195 to €251,364
of which Furniture and vehicles: -€12,945
- Receivables within one year +€4,168
up €4,168 (+96.7%), from €4,310 to €8,478
of which Other amounts receivable: +€4,868
- Profit (loss) carried forward -€44,686
new in 2025: -€44,686
- Other debts +€33,036
up €33,036 (+31.1%), from €106,087 to €139,123
- Debts after one year -€12,894
down €12,894 (-9.5%), from €135,375 to €122,481
- Tax, wage and social debts +€3,837
up €3,837 (+176%), from €2,179 to €6,016
of which Remuneration and social security: +€3,600
- Gross operating margin -€58,328
down €58,328, from €44,283 to -€14,044
- Taxes -€3,258
down €3,258 (-96.1%), from €3,390 to €132
- Other operating charges -€1,843
down €1,843 (-79.9%), from €2,306 to €464
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 | €288,622 | €265,591 | -€23,031 | -8.0% |
| Fixed assets | 21/28 | €276,577 | €251,534 | -€25,044 | -9.1% |
| Intangible fixed assets | 21 | €377 | €165 | -€212 | -56.3% |
| Tangible fixed assets | 22/27 | €276,195 | €251,364 | -€24,832 | -9.0% |
| Land and buildings | 22 | €222,914 | €213,600 | -€9,314 | -4.2% |
| Plant, machinery and equipment | 23 | €7,365 | €4,793 | -€2,572 | -34.9% |
| Furniture and vehicles | 24 | €45,916 | €32,971 | -€12,945 | -28.2% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €12,045 | €14,057 | +€2,012 | +16.7% |
| Amounts receivable within one year | 40/41 | €4,310 | €8,478 | +€4,168 | +96.7% |
| Trade receivables | 40 | €700 | - | -€700 | |
| Other amounts receivable | 41 | €3,610 | €8,478 | +€4,868 | +135% |
| Current investments | 50/53 | €1,576 | €1,576 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,849 | €3,894 | -€954 | -19.7% |
| Deferred charges and accrued income | 490/1 | €1,310 | €109 | -€1,201 | -91.7% |
| Total equity and liabilities | 10/49 | €288,622 | €265,591 | -€23,031 | -8.0% |
| Equity | 10/15 | €28,997 | -€15,689 | -€44,686 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,997 | €18,997 | = | 0.0% |
| Distributable reserves | 133 | €18,997 | €18,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€44,686 | -€44,686 | |
| Amounts payable | 17/49 | €259,625 | €281,280 | +€21,655 | +8.3% |
| Amounts payable after more than one year | 17 | €135,375 | €122,481 | -€12,894 | -9.5% |
| Financial debts | 170/4 | €135,375 | €122,481 | -€12,894 | -9.5% |
| Amounts payable within one year | 42/48 | €121,784 | €158,799 | +€37,015 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €12,645 | €12,894 | +€249 | +2.0% |
| Trade debts | 44 | €873 | €766 | -€107 | -12.3% |
| Suppliers | 440/4 | €873 | €766 | -€107 | -12.3% |
| Taxes, remuneration and social security | 45 | €2,179 | €6,016 | +€3,837 | +176% |
| Taxes | 450/3 | €379 | €616 | +€237 | +62.5% |
| Remuneration and social security | 454/9 | €1,800 | €5,400 | +€3,600 | +200% |
| Other amounts payable | 47/48 | €106,087 | €139,123 | +€33,036 | +31.1% |
| Accrued charges and deferred income | 492/3 | €2,467 | - | -€2,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,435 | €25,044 | -€391 | -1.5% |
| Other operating charges | 640/8 | €2,306 | €464 | -€1,843 | -79.9% |
| Gross operating margin | 9900 | €44,283 | -€14,044 | -€58,328 | |
| Operating profit (loss) | 9901 | €16,542 | -€39,551 | -€56,093 | |
| Financial income | 75/76B | €3 | €3 | +€0 | +7.7% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +7.7% |
| Financial charges | 65/66B | €4,720 | €5,006 | +€286 | +6.1% |
| Recurring financial charges | 65 | €4,720 | €5,006 | +€286 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €11,825 | -€44,554 | -€56,379 | |
| Income taxes | 67/77 | €3,390 | €132 | -€3,258 | -96.1% |
| Profit (loss) for the period | 9904 | €8,435 | -€44,686 | -€53,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,435 | -€44,686 | -€53,121 |
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 26 October 2026 via checked.be.