ZINCQ: 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.
ZINCQ
Largest movements
- Cash +€37,372
up €37,372 (+39.0%), from €95,918 to €133,290
mainly Depreciation (+€34,023) and Net result for the year (+€3,210)
- Tangible fixed assets -€30,674
down €30,674 (-7.5%), from €408,006 to €377,332
of which Land and buildings: -€26,644
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,420
up €4,420 (+9.1%), from €48,820 to €53,239
- Depreciation +€1,451
up €1,451 (+4.5%), from €32,571 to €34,023
- Taxes +€909
up €909 (+134%), from €678 to €1,587
- Financial income -€797
down €797 (-54.5%), from €1,461 to €664
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 | €503,926 | €511,137 | +€7,211 | +1.4% |
| Fixed assets | 21/28 | €408,006 | €377,332 | -€30,674 | -7.5% |
| Tangible fixed assets | 22/27 | €408,006 | €377,332 | -€30,674 | -7.5% |
| Land and buildings | 22 | €398,465 | €371,821 | -€26,644 | -6.7% |
| Plant, machinery and equipment | 23 | €9,541 | €5,511 | -€4,030 | -42.2% |
| Current assets | 29/58 | €95,920 | €133,805 | +€37,885 | +39.5% |
| Amounts receivable within one year | 40/41 | €2 | - | -€2 | |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €95,918 | €133,290 | +€37,372 | +39.0% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €503,926 | €511,137 | +€7,211 | +1.4% |
| Equity | 10/15 | €492,051 | €495,261 | +€3,210 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,880 | €434,090 | +€3,210 | +0.7% |
| Distributable reserves | 133 | €430,880 | €434,090 | +€3,210 | +0.7% |
| Profit (loss) carried forward | 14 | €42,571 | €42,571 | = | 0.0% |
| Amounts payable | 17/49 | €11,875 | €15,876 | +€4,001 | +33.7% |
| Amounts payable after more than one year | 17 | €496 | €496 | = | 0.0% |
| Other amounts payable | 178/9 | €496 | €496 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,379 | €15,380 | +€4,001 | +35.2% |
| Trade debts | 44 | €346 | €2,554 | +€2,208 | +639% |
| Suppliers | 440/4 | €346 | €2,554 | +€2,208 | +639% |
| Taxes, remuneration and social security | 45 | €2,583 | €3,880 | +€1,297 | +50.2% |
| Taxes | 450/3 | €2,583 | €3,880 | +€1,297 | +50.2% |
| Other amounts payable | 47/48 | €8,450 | €8,946 | +€496 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,571 | €34,023 | +€1,451 | +4.5% |
| Other operating charges | 640/8 | €14,315 | €14,616 | +€301 | +2.1% |
| Gross operating margin | 9900 | €48,820 | €53,239 | +€4,420 | +9.1% |
| Operating profit (loss) | 9901 | €1,933 | €4,601 | +€2,668 | +138% |
| Financial income | 75/76B | €1,461 | €664 | -€797 | -54.5% |
| Recurring financial income | 75 | €1,461 | €664 | -€797 | -54.5% |
| Financial charges | 65/66B | €496 | €468 | -€28 | -5.7% |
| Recurring financial charges | 65 | €496 | €468 | -€28 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €2,898 | €4,797 | +€1,899 | +65.5% |
| Income taxes | 67/77 | €678 | €1,587 | +€909 | +134% |
| Profit (loss) for the period | 9904 | €2,221 | €3,210 | +€990 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,221 | €3,210 | +€990 | +44.6% |
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 25 October 2026 via checked.be.