ZILBERMAN: what changed
Two fiscal 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.
ZILBERMAN
Largest movements
- Cash -€551
down €551 (-14.4%), from €3,824 to €3,273
mainly Net result for the year (-€1,434)
- Receivables within one year -€545
no longer reported in 2025 (was €545)
- Profit (loss) carried forward -€1,434
down €1,434 (-93.8%), from -€1,528 to -€2,962
- Trade debts +€336
new in 2025: €336
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
- Gross operating margin -€296
down €296 (-45.5%), from -€650 to -€946
- Financial charges -€18
down €18 (-17.2%), from €107 to €88
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.
Cash bridge derived
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 | €4,369 | €3,273 | -€1,095 | -25.1% |
| Current assets | 29/58 | €4,369 | €3,273 | -€1,095 | -25.1% |
| Amounts receivable within one year | 40/41 | €545 | - | -€545 | |
| Other amounts receivable | 41 | €545 | - | -€545 | |
| Cash at bank and in hand | 54/58 | €3,824 | €3,273 | -€551 | -14.4% |
| Total equity and liabilities | 10/49 | €4,369 | €3,273 | -€1,095 | -25.1% |
| Equity | 10/15 | €3,472 | €2,038 | -€1,434 | -41.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,528 | -€2,962 | -€1,434 | -93.8% |
| Amounts payable | 17/49 | €897 | €1,236 | +€338 | +37.7% |
| Amounts payable within one year | 42/48 | €500 | €836 | +€336 | +67.2% |
| Trade debts | 44 | - | €336 | +€336 | |
| Suppliers | 440/4 | - | €336 | +€336 | |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €397 | €400 | +€3 | +0.7% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | -€650 | -€946 | -€296 | -45.5% |
| Operating profit (loss) | 9901 | -€1,422 | -€1,346 | +€76 | +5.4% |
| Financial charges | 65/66B | €107 | €88 | -€18 | -17.2% |
| Recurring financial charges | 65 | €107 | €88 | -€18 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,528 | -€1,434 | +€94 | +6.2% |
| Profit (loss) for the period | 9904 | -€1,528 | -€1,434 | +€94 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,528 | -€1,434 | +€94 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.