ZINFINIUM: 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.
ZINFINIUM
Largest movements
- Current investments +€30,000
up €30,000 (+33.5%), from €89,643 to €119,643
- Cash -€28,147
down €28,147 (-43.1%), from €65,241 to €37,093
mainly Current investments (-€30,000) and Contributions, distributions and other (-€20,842)
- Deferred charges and accrued income +€8,299
up €8,299 (+360%), from €2,308 to €10,607
- Receivables within one year +€6,994
up €6,994 (+24.4%), from €28,677 to €35,671
of which Trade receivables: +€6,897
- Reserves +€12,703
up €12,703 (+7.7%), from €163,991 to €176,694
- Trade debts +€4,006
up €4,006 (+448%), from €894 to €4,900
- Gross operating margin -€12,669
down €12,669 (-19.4%), from €65,314 to €52,645
- Taxes -€3,866
down €3,866 (-19.2%), from €20,122 to €16,256
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,046 | €203,312 | +€15,265 | +8.1% |
| Fixed assets | 21/28 | €2,178 | €298 | -€1,880 | -86.3% |
| Tangible fixed assets | 22/27 | €2,178 | €298 | -€1,880 | -86.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,178 | €298 | -€1,880 | -86.3% |
| Current assets | 29/58 | €185,868 | €203,014 | +€17,146 | +9.2% |
| Amounts receivable within one year | 40/41 | €28,677 | €35,671 | +€6,994 | +24.4% |
| Trade receivables | 40 | €28,677 | €35,574 | +€6,897 | +24.1% |
| Other amounts receivable | 41 | - | €97 | +€97 | |
| Current investments | 50/53 | €89,643 | €119,643 | +€30,000 | +33.5% |
| Cash at bank and in hand | 54/58 | €65,241 | €37,093 | -€28,147 | -43.1% |
| Deferred charges and accrued income | 490/1 | €2,308 | €10,607 | +€8,299 | +360% |
| Total equity and liabilities | 10/49 | €188,046 | €203,312 | +€15,265 | +8.1% |
| Equity | 10/15 | €164,991 | €177,694 | +€12,703 | +7.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €163,991 | €176,694 | +€12,703 | +7.7% |
| Distributable reserves | 133 | €163,991 | €176,694 | +€12,703 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €23,055 | €25,618 | +€2,562 | +11.1% |
| Amounts payable within one year | 42/48 | €23,055 | €25,618 | +€2,562 | +11.1% |
| Trade debts | 44 | €894 | €4,900 | +€4,006 | +448% |
| Suppliers | 440/4 | €894 | €4,900 | +€4,006 | +448% |
| Taxes, remuneration and social security | 45 | €21,742 | €20,718 | -€1,023 | -4.7% |
| Taxes | 450/3 | €21,742 | €20,718 | -€1,023 | -4.7% |
| Other amounts payable | 47/48 | €420 | - | -€420 | |
| Non-recurring operating income | 76A | €5,740 | - | -€5,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,847 | €2,184 | +€337 | +18.2% |
| Other operating charges | 640/8 | €1,502 | €1,451 | -€52 | -3.4% |
| Gross operating margin | 9900 | €65,314 | €52,645 | -€12,669 | -19.4% |
| Operating profit (loss) | 9901 | €61,964 | €49,010 | -€12,954 | -20.9% |
| Financial income | 75/76B | €1,732 | €1,107 | -€625 | -36.1% |
| Recurring financial income | 75 | €1,732 | €1,107 | -€625 | -36.1% |
| Financial charges | 65/66B | €380 | €317 | -€63 | -16.6% |
| Recurring financial charges | 65 | €380 | €317 | -€63 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €63,317 | €49,801 | -€13,516 | -21.3% |
| Income taxes | 67/77 | €20,122 | €16,256 | -€3,866 | -19.2% |
| Profit (loss) for the period | 9904 | €43,195 | €33,545 | -€9,651 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,195 | €33,545 | -€9,651 | -22.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 30 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.