ZINOPHTA: 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.
ZINOPHTA
Largest movements
- Tangible fixed assets -€64,818
down €64,818 (-17.1%), from €379,494 to €314,677
of which Plant, machinery and equipment: -€46,804
- Receivables within one year -€31,305
no longer reported in 2025 (was €31,305)
- Receivables after one year -€27,706
down €27,706 (-7.3%), from €381,672 to €353,966
- Cash -€19,880
down €19,880 (-5.5%), from €364,284 to €344,404
mainly Tax, wage and social debts (-€105,062) and Net result for the year (-€38,647)
- Tax, wage and social debts -€105,062
down €105,062 (-82.1%), from €128,036 to €22,973
of which Taxes: -€68,497
- Profit (loss) carried forward -€38,647
down €38,647 (-16.6%), from €232,667 to €194,020
- Gross operating margin +€4,448
up €4,448 (+17.5%), from €25,358 to €29,806
- Financial income -€3,242
down €3,242 (-55.3%), from €5,861 to €2,620
of which Financial income: -€3,232
- Taxes +€2,809
up €2,809 (+160.0%), from €1,755 to €4,565
- Depreciation -€700
down €700 (-1.1%), from €65,518 to €64,818
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 | €1,156,756 | €1,013,047 | -€143,709 | -12.4% |
| Fixed assets | 21/28 | €379,494 | €314,677 | -€64,818 | -17.1% |
| Tangible fixed assets | 22/27 | €379,494 | €314,677 | -€64,818 | -17.1% |
| Land and buildings | 22 | €193,886 | €177,077 | -€16,808 | -8.7% |
| Plant, machinery and equipment | 23 | €183,381 | €136,577 | -€46,804 | -25.5% |
| Furniture and vehicles | 24 | €2,227 | €1,023 | -€1,205 | -54.1% |
| Current assets | 29/58 | €777,262 | €698,370 | -€78,892 | -10.1% |
| Amounts receivable after more than one year | 29 | €381,672 | €353,966 | -€27,706 | -7.3% |
| Trade receivables | 290 | €381,672 | €353,966 | -€27,706 | -7.3% |
| Amounts receivable within one year | 40/41 | €31,305 | - | -€31,305 | |
| Other amounts receivable | 41 | €31,305 | - | -€31,305 | |
| Cash at bank and in hand | 54/58 | €364,284 | €344,404 | -€19,880 | -5.5% |
| Total equity and liabilities | 10/49 | €1,156,756 | €1,013,047 | -€143,709 | -12.4% |
| Equity | 10/15 | €960,092 | €921,445 | -€38,647 | -4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €715,025 | €715,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €713,165 | €713,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,667 | €194,020 | -€38,647 | -16.6% |
| Amounts payable | 17/49 | €196,664 | €91,602 | -€105,062 | -53.4% |
| Amounts payable within one year | 42/48 | €196,664 | €91,602 | -€105,062 | -53.4% |
| Trade debts | 44 | €3,257 | €3,257 | = | 0.0% |
| Suppliers | 440/4 | €3,257 | €3,257 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €128,036 | €22,973 | -€105,062 | -82.1% |
| Taxes | 450/3 | €91,470 | €22,973 | -€68,497 | -74.9% |
| Remuneration and social security | 454/9 | €36,566 | - | -€36,566 | |
| Other amounts payable | 47/48 | €65,372 | €65,372 | = | 0.0% |
| Non-recurring operating income | 76A | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,518 | €64,818 | -€700 | -1.1% |
| Other operating charges | 640/8 | €1,323 | €1,566 | +€243 | +18.3% |
| Gross operating margin | 9900 | €25,358 | €29,806 | +€4,448 | +17.5% |
| Operating profit (loss) | 9901 | -€41,483 | -€36,577 | +€4,906 | +11.8% |
| Financial income | 75/76B | €5,861 | €2,620 | -€3,242 | -55.3% |
| Recurring financial income | 75 | €5,851 | €2,620 | -€3,232 | -55.2% |
| Non-recurring financial income | 76B | €10 | - | -€10 | |
| Financial charges | 65/66B | €104 | €125 | +€21 | +19.7% |
| Recurring financial charges | 65 | €104 | €125 | +€21 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,725 | -€34,082 | +€1,644 | +4.6% |
| Income taxes | 67/77 | €1,755 | €4,565 | +€2,809 | +160.0% |
| Profit (loss) for the period | 9904 | -€37,481 | -€38,647 | -€1,166 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,481 | -€38,647 | -€1,166 | -3.1% |
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 8 October 2026 via checked.be.