ZIJZICHT: 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.
ZIJZICHT
Largest movements
- Tangible fixed assets +€57,159
up €57,159 (+14,309%), from €399 to €57,559
- Cash -€17,754
down €17,754 (-66.4%), from €26,729 to €8,975
mainly Investment in fixed assets (net) (-€57,836) and Receivables within one year (-€17,292)
- Receivables within one year +€17,292
up €17,292 (+290%), from €5,970 to €23,262
of which Trade receivables: +€17,292
- Deferred charges and accrued income +€7,269
up €7,269 (+3,201%), from €227 to €7,497
- Debts after one year +€50,000
new in 2025: €50,000
- Profit (loss) carried forward +€6,230
up €6,230 (+62.7%), from -€9,942 to -€3,712
- Tax, wage and social debts +€5,762
up €5,762 (+478%), from €1,205 to €6,968
of which Remuneration and social security: +€5,500
- Trade debts +€2,435
up €2,435 (+59.4%), from €4,097 to €6,532
- Accrued charges and deferred income -€1,147
no longer reported in 2025 (was €1,147)
- Financial income -€97,771
down €97,771 (-91.7%), from €106,660 to €8,889
of which Non-recurring financial income: -€97,769
- Financial charges -€39,287
down €39,287 (-99.8%), from €39,384 to €98
- Other operating charges -€14,480
down €14,480 (-93.1%), from €15,552 to €1,072
- Gross operating margin +€9,414
up €9,414, from -€8,758 to €655
- Taxes +€262
up €262 (+21.8%), from €1,205 to €1,468
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 | €33,325 | €97,292 | +€63,967 | +192% |
| Fixed assets | 21/28 | €399 | €57,559 | +€57,159 | +14,309% |
| Tangible fixed assets | 22/27 | €399 | €57,559 | +€57,159 | +14,309% |
| Furniture and vehicles | 24 | €399 | €57,559 | +€57,159 | +14,309% |
| Current assets | 29/58 | €32,926 | €39,733 | +€6,808 | +20.7% |
| Amounts receivable within one year | 40/41 | €5,970 | €23,262 | +€17,292 | +290% |
| Trade receivables | 40 | €5,867 | €23,160 | +€17,292 | +295% |
| Other amounts receivable | 41 | €102 | €102 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,729 | €8,975 | -€17,754 | -66.4% |
| Deferred charges and accrued income | 490/1 | €227 | €7,497 | +€7,269 | +3,201% |
| Total equity and liabilities | 10/49 | €33,325 | €97,292 | +€63,967 | +192% |
| Equity | 10/15 | €9,484 | €15,714 | +€6,230 | +65.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,226 | €13,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,566 | €2,566 | = | 0.0% |
| Distributable reserves | 133 | €8,800 | €8,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,942 | -€3,712 | +€6,230 | +62.7% |
| Amounts payable | 17/49 | €23,841 | €81,578 | +€57,737 | +242% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €22,694 | €31,578 | +€8,884 | +39.1% |
| Trade debts | 44 | €4,097 | €6,532 | +€2,435 | +59.4% |
| Suppliers | 440/4 | €4,097 | €6,532 | +€2,435 | +59.4% |
| Advances received on contracts in progress | 46 | €335 | - | -€335 | |
| Taxes, remuneration and social security | 45 | €1,205 | €6,968 | +€5,762 | +478% |
| Taxes | 450/3 | €1,205 | €1,468 | +€262 | +21.8% |
| Remuneration and social security | 454/9 | - | €5,500 | +€5,500 | |
| Other amounts payable | 47/48 | €17,056 | €18,078 | +€1,022 | +6.0% |
| Accrued charges and deferred income | 492/3 | €1,147 | - | -€1,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463 | €677 | +€214 | +46.3% |
| Other operating charges | 640/8 | €15,552 | €1,072 | -€14,480 | -93.1% |
| Gross operating margin | 9900 | -€8,758 | €655 | +€9,414 | |
| Operating profit (loss) | 9901 | -€24,773 | -€1,094 | +€23,679 | +95.6% |
| Financial income | 75/76B | €106,660 | €8,889 | -€97,771 | -91.7% |
| Recurring financial income | 75 | €2 | €8,889 | +€8,887 | +442,123% |
| Non-recurring financial income | 76B | €106,658 | €8,889 | -€97,769 | -91.7% |
| Financial charges | 65/66B | €39,384 | €98 | -€39,287 | -99.8% |
| Recurring financial charges | 65 | €39,384 | €98 | -€39,287 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €42,503 | €7,698 | -€34,805 | -81.9% |
| Income taxes | 67/77 | €1,205 | €1,468 | +€262 | +21.8% |
| Profit (loss) for the period | 9904 | €41,297 | €6,230 | -€35,068 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,297 | €6,230 | -€35,068 | -84.9% |
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.