Zinnig: 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.
Zinnig
Largest movements
- Cash +€51,993
up €51,993 (+81.2%), from €64,052 to €116,045
mainly Net result for the year (+€52,340) and Tax, wage and social debts (+€13,254)
- Receivables within one year -€3,247
down €3,247 (-3.3%), from €97,912 to €94,665
of which Trade receivables: -€4,474
- Tax, wage and social debts +€13,254
up €13,254 (+32.8%), from €40,443 to €53,697
of which Remuneration and social security: +€9,447
- Reserves +€12,340
up €12,340 (+15.0%), from €82,168 to €94,508
- Accrued charges and deferred income +€9,609
up €9,609, from €0 to €9,609
- Other debts +€7,658
up €7,658 (+23.4%), from €32,731 to €40,389
- Trade debts +€2,440
up €2,440 (+28.9%), from €8,443 to €10,883
- Gross operating margin +€20,144
up €20,144 (+11.8%), from €170,397 to €190,540
- Taxes +€4,989
up €4,989 (+119%), from €4,197 to €9,186
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 | €169,986 | €215,287 | +€45,301 | +26.6% |
| Fixed assets | 21/28 | €2,700 | €2,700 | = | 0.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €167,286 | €212,587 | +€45,301 | +27.1% |
| Stocks and contracts in progress | 3 | €2,736 | €1,370 | -€1,366 | -49.9% |
| Contracts in progress | 37 | €2,736 | €1,370 | -€1,366 | -49.9% |
| Amounts receivable within one year | 40/41 | €97,912 | €94,665 | -€3,247 | -3.3% |
| Trade receivables | 40 | €97,912 | €93,438 | -€4,474 | -4.6% |
| Other amounts receivable | 41 | €0 | €1,227 | +€1,227 | |
| Cash at bank and in hand | 54/58 | €64,052 | €116,045 | +€51,993 | +81.2% |
| Deferred charges and accrued income | 490/1 | €2,586 | €507 | -€2,079 | -80.4% |
| Total equity and liabilities | 10/49 | €169,986 | €215,287 | +€45,301 | +26.6% |
| Equity | 10/15 | €88,368 | €100,708 | +€12,340 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,168 | €94,508 | +€12,340 | +15.0% |
| Distributable reserves | 133 | €82,168 | €94,508 | +€12,340 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,618 | €114,579 | +€32,961 | +40.4% |
| Amounts payable within one year | 42/48 | €81,618 | €104,969 | +€23,352 | +28.6% |
| Trade debts | 44 | €8,443 | €10,883 | +€2,440 | +28.9% |
| Suppliers | 440/4 | €8,443 | €10,883 | +€2,440 | +28.9% |
| Taxes, remuneration and social security | 45 | €40,443 | €53,697 | +€13,254 | +32.8% |
| Taxes | 450/3 | €17,519 | €21,326 | +€3,807 | +21.7% |
| Remuneration and social security | 454/9 | €22,925 | €32,371 | +€9,447 | +41.2% |
| Other amounts payable | 47/48 | €32,731 | €40,389 | +€7,658 | +23.4% |
| Accrued charges and deferred income | 492/3 | €0 | €9,609 | +€9,609 | |
| Remuneration, social security and pensions | 62 | €126,843 | €127,231 | +€388 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,780 | €1,435 | -€346 | -19.4% |
| Gross operating margin | 9900 | €170,397 | €190,540 | +€20,144 | +11.8% |
| Operating profit (loss) | 9901 | €41,773 | €61,874 | +€20,101 | +48.1% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €164 | €354 | +€190 | +116% |
| Recurring financial charges | 65 | €164 | €354 | +€190 | +116% |
| Profit (loss) for the period before taxes | 9903 | €41,609 | €61,526 | +€19,917 | +47.9% |
| Income taxes | 67/77 | €4,197 | €9,186 | +€4,989 | +119% |
| Profit (loss) for the period | 9904 | €37,412 | €52,340 | +€14,928 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,412 | €52,340 | +€14,928 | +39.9% |
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 26 October 2026 via checked.be.