ZINNONYM: 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.
ZINNONYM
Largest movements
- Cash +€14,911
up €14,911 (+8.5%), from €176,220 to €191,131
mainly Net result for the year (+€11,438) and Receivables within one year (+€7,871)
- Receivables within one year -€7,871
down €7,871 (-80.9%), from €9,734 to €1,863
of which Trade receivables: -€6,151
- Receivables after one year +€7,802
new in 2025: €7,802
- Deferred charges and accrued income -€2,452
down €2,452 (-82.5%), from €2,972 to €520
- Profit (loss) carried forward +€11,438
up €11,438 (+7.7%), from -€148,621 to -€137,184
- Tax, wage and social debts +€3,345
up €3,345 (+37,845%), from €9 to €3,354
- Gross operating margin +€37,722
up €37,722, from -€25,237 to €12,485
- Depreciation +€583
up €583, from €0 to €583
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 | €193,928 | €209,091 | +€15,163 | +7.8% |
| Fixed assets | 21/28 | €5,001 | €6,853 | +€1,852 | +37.0% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | - | €1,852 | +€1,852 | |
| Furniture and vehicles | 24 | - | €1,852 | +€1,852 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €188,927 | €202,238 | +€13,311 | +7.0% |
| Amounts receivable after more than one year | 29 | - | €7,802 | +€7,802 | |
| Trade receivables | 290 | - | €7,802 | +€7,802 | |
| Stocks and contracts in progress | 3 | - | €922 | +€922 | |
| Stocks | 30/36 | - | €922 | +€922 | |
| Amounts receivable within one year | 40/41 | €9,734 | €1,863 | -€7,871 | -80.9% |
| Trade receivables | 40 | €7,306 | €1,155 | -€6,151 | -84.2% |
| Other amounts receivable | 41 | €2,428 | €708 | -€1,720 | -70.8% |
| Cash at bank and in hand | 54/58 | €176,220 | €191,131 | +€14,911 | +8.5% |
| Deferred charges and accrued income | 490/1 | €2,972 | €520 | -€2,452 | -82.5% |
| Total equity and liabilities | 10/49 | €193,928 | €209,091 | +€15,163 | +7.8% |
| Equity | 10/15 | €160,478 | €171,916 | +€11,438 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €296,699 | €296,699 | = | 0.0% |
| Distributable reserves | 133 | €296,699 | €296,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,621 | -€137,184 | +€11,438 | +7.7% |
| Amounts payable | 17/49 | €33,450 | €37,175 | +€3,725 | +11.1% |
| Amounts payable within one year | 42/48 | €33,450 | €36,775 | +€3,326 | +9.9% |
| Financial debts | 43 | €41 | €73 | +€32 | +79.6% |
| Credit institutions | 430/8 | €41 | €73 | +€32 | +79.6% |
| Trade debts | 44 | €3,547 | €3,282 | -€265 | -7.5% |
| Suppliers | 440/4 | €3,547 | €3,282 | -€265 | -7.5% |
| Taxes, remuneration and social security | 45 | €9 | €3,354 | +€3,345 | +37,845% |
| Taxes | 450/3 | €9 | €3,354 | +€3,345 | +37,845% |
| Other amounts payable | 47/48 | €29,853 | €30,066 | +€213 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €1,054 | €0 | -€1,054 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €583 | +€583 | |
| Other operating charges | 640/8 | €1,352 | €1,296 | -€56 | -4.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€25,237 | €12,485 | +€37,722 | |
| Operating profit (loss) | 9901 | -€26,589 | €10,606 | +€37,195 | |
| Financial income | 75/76B | €1,258 | €1,037 | -€222 | -17.6% |
| Recurring financial income | 75 | €1,258 | €1,037 | -€222 | -17.6% |
| Financial charges | 65/66B | €348 | €205 | -€143 | -41.1% |
| Recurring financial charges | 65 | €348 | €205 | -€143 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,679 | €11,438 | +€37,117 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€25,679 | €11,438 | +€37,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,679 | €11,438 | +€37,117 |
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 15 October 2026 via checked.be.