ZINGO: what changed
Two fiscal 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.
ZINGO
Largest movements
- Tangible fixed assets +€88,310
up €88,310 (+11.8%), from €745,976 to €834,285
- Reserves +€51,815
up €51,815 (+11.2%), from €463,252 to €515,067
of which Distributable reserves: +€51,815
- Accrued charges and deferred income +€23,181
up €23,181, from €0 to €23,181
- Depreciation +€17,232
up €17,232 (+72.5%), from €23,760 to €40,992
- Financial charges +€12,773
up €12,773 (+270.5%), from €4,722 to €17,495
- Taxes -€10,416
down €10,416 (-29.5%), from €35,289 to €24,873
- Gross operating margin -€7,220
down €7,220 (-4.9%), from €147,716 to €140,496
- Other operating charges -€3,931
down €3,931 (-42.5%), from €9,252 to €5,321
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 | €815,358 | €899,388 | +€84,029 | +10.3% |
| Fixed assets | 21/28 | €745,976 | €834,285 | +€88,310 | +11.8% |
| Tangible fixed assets | 22/27 | €745,976 | €834,285 | +€88,310 | +11.8% |
| Land and buildings | 22 | €745,976 | €834,285 | +€88,310 | +11.8% |
| Current assets | 29/58 | €69,383 | €65,102 | -€4,280 | -6.2% |
| Amounts receivable within one year | 40/41 | €2,405 | €2,475 | +€70 | +2.9% |
| Trade receivables | 40 | €2,315 | €2,475 | +€160 | +6.9% |
| Other amounts receivable | 41 | €90 | €0 | -€90 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,434 | €53,740 | -€4,694 | -8.0% |
| Deferred charges and accrued income | 490/1 | €8,543 | €8,887 | +€343 | +4.0% |
| Total equity and liabilities | 10/49 | €815,358 | €899,388 | +€84,029 | +10.3% |
| Equity | 10/15 | €525,218 | €577,034 | +€51,816 | +9.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €463,252 | €515,067 | +€51,815 | +11.2% |
| Non-distributable reserves | 130/1 | €8,196 | €8,196 | = | 0.0% |
| Legal reserve | 130 | €8,196 | €8,196 | = | 0.0% |
| Distributable reserves | 133 | €455,056 | €506,871 | +€51,815 | +11.4% |
| Profit (loss) carried forward | 14 | €467 | €467 | +€1 | +0.1% |
| Amounts payable | 17/49 | €290,140 | €322,354 | +€32,214 | +11.1% |
| Amounts payable within one year | 42/48 | €290,140 | €299,173 | +€9,033 | +3.1% |
| Trade debts | 44 | €93 | €276 | +€183 | +196.7% |
| Suppliers | 440/4 | €93 | €276 | +€183 | +196.7% |
| Taxes, remuneration and social security | 45 | €11,692 | €11,608 | -€85 | -0.7% |
| Taxes | 450/3 | €11,692 | €11,608 | -€85 | -0.7% |
| Other amounts payable | 47/48 | €278,355 | €287,290 | +€8,935 | +3.2% |
| Accrued charges and deferred income | 492/3 | €0 | €23,181 | +€23,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,760 | €40,992 | +€17,232 | +72.5% |
| Other operating charges | 640/8 | €9,252 | €5,321 | -€3,931 | -42.5% |
| Gross operating margin | 9900 | €147,716 | €140,496 | -€7,220 | -4.9% |
| Operating profit (loss) | 9901 | €114,704 | €94,183 | -€20,521 | -17.9% |
| Financial charges | 65/66B | €4,722 | €17,495 | +€12,773 | +270.5% |
| Recurring financial charges | 65 | €4,722 | €17,495 | +€12,773 | +270.5% |
| Profit (loss) for the period before taxes | 9903 | €109,982 | €76,688 | -€33,293 | -30.3% |
| Income taxes | 67/77 | €35,289 | €24,873 | -€10,416 | -29.5% |
| Profit (loss) for the period | 9904 | €74,693 | €51,816 | -€22,878 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,693 | €51,816 | -€22,878 | -30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.