ZINALTEK: 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.
ZINALTEK
Largest movements
- Receivables within one year +€4,542
up €4,542 (+12.1%), from €37,427 to €41,969
of which Trade receivables: +€3,565
- Tangible fixed assets +€2,253
up €2,253 (+70.1%), from €3,212 to €5,465
- Stocks and contracts -€711
down €711 (-9.4%), from €7,583 to €6,872
- Reserves +€9,000
up €9,000 (+290.4%), from €3,099 to €12,099
of which Distributable reserves: +€9,000
- Trade debts -€6,548
down €6,548 (-68.7%), from €9,531 to €2,983
- Tax, wage and social debts +€2,400
new in 2025: €2,400
- Other debts +€1,152
up €1,152 (+57.1%), from €2,018 to €3,170
- Gross operating margin +€16,579
up €16,579 (+513.0%), from €3,232 to €19,811
- Taxes +€4,552
up €4,552 (+569.7%), from €799 to €5,351
- Other operating charges +€1,554
up €1,554 (+225.5%), from €689 to €2,243
- Financial charges +€849
up €849 (+643.2%), from €132 to €981
of which Non-recurring financial charges: +€888
- Depreciation +€396
up €396 (+25.0%), from €1,585 to €1,981
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 | €50,256 | €56,914 | +€6,658 | +13.2% |
| Fixed assets | 21/28 | €3,477 | €5,730 | +€2,253 | +64.8% |
| Tangible fixed assets | 22/27 | €3,212 | €5,465 | +€2,253 | +70.1% |
| Furniture and vehicles | 24 | €3,212 | €5,465 | +€2,253 | +70.1% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €46,779 | €51,184 | +€4,405 | +9.4% |
| Stocks and contracts in progress | 3 | €7,583 | €6,872 | -€711 | -9.4% |
| Stocks | 30/36 | €7,583 | €6,872 | -€711 | -9.4% |
| Amounts receivable within one year | 40/41 | €37,427 | €41,969 | +€4,542 | +12.1% |
| Trade receivables | 40 | €36,072 | €39,637 | +€3,565 | +9.9% |
| Other amounts receivable | 41 | €1,355 | €2,332 | +€977 | +72.1% |
| Cash at bank and in hand | 54/58 | €1,769 | €1,905 | +€136 | +7.7% |
| Deferred charges and accrued income | 490/1 | - | €438 | +€438 | |
| Total equity and liabilities | 10/49 | €50,256 | €56,914 | +€6,658 | +13.2% |
| Equity | 10/15 | €38,707 | €47,961 | +€9,254 | +23.9% |
| Contributions | 10/11 | €30,987 | €30,986 | -€1 | 0.0% |
| Reserves | 13 | €3,099 | €12,099 | +€9,000 | +290.4% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | €4,621 | €4,876 | +€255 | +5.5% |
| Amounts payable | 17/49 | €11,549 | €8,953 | -€2,596 | -22.5% |
| Amounts payable within one year | 42/48 | €11,549 | €8,553 | -€2,996 | -25.9% |
| Trade debts | 44 | €9,531 | €2,983 | -€6,548 | -68.7% |
| Suppliers | 440/4 | €9,531 | €2,983 | -€6,548 | -68.7% |
| Taxes, remuneration and social security | 45 | - | €2,400 | +€2,400 | |
| Taxes | 450/3 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | €2,018 | €3,170 | +€1,152 | +57.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585 | €1,981 | +€396 | +25.0% |
| Other operating charges | 640/8 | €689 | €2,243 | +€1,554 | +225.5% |
| Gross operating margin | 9900 | €3,232 | €19,811 | +€16,579 | +513.0% |
| Operating profit (loss) | 9901 | €958 | €15,587 | +€14,629 | +1527.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €132 | €981 | +€849 | +643.2% |
| Recurring financial charges | 65 | €132 | €93 | -€39 | -29.5% |
| Non-recurring financial charges | 66B | - | €888 | +€888 | |
| Profit (loss) for the period before taxes | 9903 | €828 | €14,606 | +€13,778 | +1664.0% |
| Income taxes | 67/77 | €799 | €5,351 | +€4,552 | +569.7% |
| Profit (loss) for the period | 9904 | €29 | €9,255 | +€9,226 | +31813.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29 | €9,255 | +€9,226 | +31813.8% |
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 9 October 2026 via checked.be.