ZILEX: 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.
ZILEX
Largest movements
- Tangible fixed assets +€317,498
up €317,498 (+50.4%), from €629,662 to €947,161
of which Land and buildings: +€319,598
- Debts after one year +€329,369
up €329,369 (+61.6%), from €535,109 to €864,478
of which Financial debts: +€209,363
- Reserves -€34,669
down €34,669 (-95.0%), from €36,478 to €1,808
- Current portion of long-term debt +€13,959
up €13,959 (+54.5%), from €25,601 to €39,559
- Other operating charges +€3,246
up €3,246 (+102%), from €3,174 to €6,420
- Financial charges +€1,877
up €1,877 (+11.5%), from €16,353 to €18,230
- Gross operating margin -€1,852
down €1,852 (-3.8%), from €48,456 to €46,604
- Taxes -€1,488
down €1,488 (-46.8%), from €3,181 to €1,693
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 | €777,012 | €1,088,247 | +€311,235 | +40.1% |
| Fixed assets | 21/28 | €629,662 | €949,321 | +€319,658 | +50.8% |
| Tangible fixed assets | 22/27 | €629,662 | €947,161 | +€317,498 | +50.4% |
| Land and buildings | 22 | €625,462 | €945,061 | +€319,598 | +51.1% |
| Furniture and vehicles | 24 | €4,200 | €2,100 | -€2,100 | -50.0% |
| Financial fixed assets | 28 | - | €2,160 | +€2,160 | |
| Current assets | 29/58 | €147,350 | €138,926 | -€8,423 | -5.7% |
| Stocks and contracts in progress | 3 | €116,804 | €116,804 | = | 0.0% |
| Stocks | 30/36 | €116,804 | €116,804 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,271 | €18,796 | -€7,475 | -28.5% |
| Trade receivables | 40 | €26,271 | €18,796 | -€7,475 | -28.5% |
| Cash at bank and in hand | 54/58 | €4,274 | €3,326 | -€948 | -22.2% |
| Total equity and liabilities | 10/49 | €777,012 | €1,088,247 | +€311,235 | +40.1% |
| Equity | 10/15 | €106,478 | €71,808 | -€34,669 | -32.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €36,478 | €1,808 | -€34,669 | -95.0% |
| Distributable reserves | 133 | €36,478 | €1,808 | -€34,669 | -95.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €670,534 | €1,016,439 | +€345,904 | +51.6% |
| Amounts payable after more than one year | 17 | €535,109 | €864,478 | +€329,369 | +61.6% |
| Financial debts | 170/4 | €329,209 | €538,572 | +€209,363 | +63.6% |
| Other amounts payable | 178/9 | €205,900 | €325,906 | +€120,006 | +58.3% |
| Amounts payable within one year | 42/48 | €132,350 | €146,843 | +€14,494 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €25,601 | €39,559 | +€13,959 | +54.5% |
| Trade debts | 44 | €0 | €601 | +€601 | |
| Suppliers | 440/4 | €0 | €601 | +€601 | |
| Taxes, remuneration and social security | 45 | €8,883 | €8,862 | -€21 | -0.2% |
| Taxes | 450/3 | €6,365 | €6,321 | -€44 | -0.7% |
| Remuneration and social security | 454/9 | €2,518 | €2,541 | +€23 | +0.9% |
| Other amounts payable | 47/48 | €97,866 | €97,821 | -€45 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,076 | €5,117 | +€2,042 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,483 | €18,483 | = | 0.0% |
| Other operating charges | 640/8 | €3,174 | €6,420 | +€3,246 | +102% |
| Gross operating margin | 9900 | €48,456 | €46,604 | -€1,852 | -3.8% |
| Operating profit (loss) | 9901 | €26,800 | €21,702 | -€5,099 | -19.0% |
| Financial income | 75/76B | €19 | €30 | +€11 | +55.1% |
| Recurring financial income | 75 | €19 | €30 | +€11 | +55.1% |
| Financial charges | 65/66B | €16,353 | €18,230 | +€1,877 | +11.5% |
| Recurring financial charges | 65 | €16,353 | €18,230 | +€1,877 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €10,466 | €3,501 | -€6,965 | -66.5% |
| Income taxes | 67/77 | €3,181 | €1,693 | -€1,488 | -46.8% |
| Profit (loss) for the period | 9904 | €7,285 | €1,808 | -€5,477 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,285 | €1,808 | -€5,477 | -75.2% |
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 13 October 2026 via checked.be.