ZILCO: 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.
ZILCO
Largest movements
- Tangible fixed assets -€94,491
down €94,491 (-13.2%), from €716,912 to €622,421
of which Furniture and vehicles: -€50,116
- Receivables within one year -€48,328
down €48,328 (-32.0%), from €151,015 to €102,687
of which Other amounts receivable: -€54,430
- Cash +€30,904
up €30,904 (+141%), from €21,967 to €52,871
mainly Depreciation (+€71,964) and Receivables within one year (+€48,328)
- Reserves -€93,248
down €93,248 (-17.3%), from €537,903 to €444,655
of which Distributable reserves: -€82,000
- Debts after one year -€25,403
down €25,403 (-10.4%), from €244,589 to €219,186
- Profit (loss) carried forward +€22,342
up €22,342 (+46.2%), from -€48,340 to -€25,997
- Advances received -€12,974
down €12,974 (-100%), from €12,974 to €0
- Write-downs -€30,342
down €30,342, from €3,450 to -€26,892
- Financial charges +€16,416
up €16,416 (+161%), from €10,185 to €26,601
of which Non-recurring financial charges: +€15,586
- Gross operating margin -€10,472
down €10,472 (-11.9%), from €87,935 to €77,463
- Depreciation -€5,294
down €5,294 (-6.9%), from €77,259 to €71,964
- Taxes -€3,446
down €3,446 (-85.9%), from €4,012 to €566
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 | €896,277 | €780,895 | -€115,381 | -12.9% |
| Fixed assets | 21/28 | €716,912 | €622,421 | -€94,491 | -13.2% |
| Tangible fixed assets | 22/27 | €716,912 | €622,421 | -€94,491 | -13.2% |
| Land and buildings | 22 | €583,204 | €538,829 | -€44,375 | -7.6% |
| Furniture and vehicles | 24 | €133,708 | €83,592 | -€50,116 | -37.5% |
| Current assets | 29/58 | €179,364 | €158,474 | -€20,890 | -11.6% |
| Amounts receivable within one year | 40/41 | €151,015 | €102,687 | -€48,328 | -32.0% |
| Trade receivables | 40 | €45,423 | €51,524 | +€6,101 | +13.4% |
| Other amounts receivable | 41 | €105,592 | €51,162 | -€54,430 | -51.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,967 | €52,871 | +€30,904 | +141% |
| Deferred charges and accrued income | 490/1 | €6,382 | €2,916 | -€3,465 | -54.3% |
| Total equity and liabilities | 10/49 | €896,277 | €780,895 | -€115,381 | -12.9% |
| Equity | 10/15 | €501,963 | €431,058 | -€70,906 | -14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €537,903 | €444,655 | -€93,248 | -17.3% |
| Tax-exempt reserves | 132 | €251,903 | €240,655 | -€11,248 | -4.5% |
| Distributable reserves | 133 | €286,000 | €204,000 | -€82,000 | -28.7% |
| Profit (loss) carried forward | 14 | -€48,340 | -€25,997 | +€22,342 | +46.2% |
| Provisions and deferred taxes | 16 | €79,898 | €76,148 | -€3,749 | -4.7% |
| Deferred taxes | 168 | €79,898 | €76,148 | -€3,749 | -4.7% |
| Amounts payable | 17/49 | €314,416 | €273,689 | -€40,726 | -13.0% |
| Amounts payable after more than one year | 17 | €244,589 | €219,186 | -€25,403 | -10.4% |
| Financial debts | 170/4 | €244,589 | €219,186 | -€25,403 | -10.4% |
| Amounts payable within one year | 42/48 | €69,827 | €54,503 | -€15,324 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €31,570 | €23,242 | -€8,328 | -26.4% |
| Trade debts | 44 | €12,612 | €10,323 | -€2,289 | -18.1% |
| Suppliers | 440/4 | €12,612 | €10,323 | -€2,289 | -18.1% |
| Advances received on contracts in progress | 46 | €12,974 | €0 | -€12,974 | -100% |
| Taxes, remuneration and social security | 45 | €12,671 | €17,781 | +€5,110 | +40.3% |
| Taxes | 450/3 | €11,171 | €16,131 | +€4,960 | +44.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,650 | +€150 | +10.0% |
| Other amounts payable | 47/48 | €0 | €3,157 | +€3,157 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €19,000 | €0 | -€19,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,259 | €71,964 | -€5,294 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,450 | -€26,892 | -€30,342 | |
| Other operating charges | 640/8 | €9,646 | €6,708 | -€2,937 | -30.5% |
| Non-recurring operating charges | 66A | €1,579 | - | -€1,579 | |
| Gross operating margin | 9900 | €87,935 | €77,463 | -€10,472 | -11.9% |
| Operating profit (loss) | 9901 | -€3,998 | €25,683 | +€29,681 | |
| Financial income | 75/76B | €11,899 | €8,829 | -€3,070 | -25.8% |
| Recurring financial income | 75 | €11,899 | €8,829 | -€3,070 | -25.8% |
| Financial charges | 65/66B | €10,185 | €26,601 | +€16,416 | +161% |
| Recurring financial charges | 65 | €10,185 | €11,015 | +€830 | +8.1% |
| Non-recurring financial charges | 66B | - | €15,586 | +€15,586 | |
| Profit (loss) for the period before taxes | 9903 | -€2,284 | €7,911 | +€10,195 | |
| Transfer from deferred taxes | 780 | €3,749 | €3,749 | = | 0.0% |
| Income taxes | 67/77 | €4,012 | €566 | -€3,446 | -85.9% |
| Profit (loss) for the period | 9904 | -€2,547 | €11,094 | +€13,642 | |
| Transfer from tax-exempt reserves | 789 | €11,248 | €11,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,700 | €22,342 | +€13,642 | +157% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.