ZinRgie: 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.
ZinRgie
Largest movements
- Cash +€443,481
up €443,481 (+91.0%), from €487,154 to €930,635
mainly Other debts (+€759,439) and Net result for the year (+€431,954)
- Receivables within one year +€186,269
up €186,269 (+137%), from €136,073 to €322,342
of which Trade receivables: +€181,456
- Tangible fixed assets -€108,836
down €108,836 (-62.6%), from €173,802 to €64,965
of which Other tangible fixed assets: -€106,749
- Other debts +€759,439
up €759,439 (+10,675%), from €7,114 to €766,554
- Reserves -€333,046
down €333,046 (-46.6%), from €714,286 to €381,239
- Trade debts +€65,312
up €65,312 (+390%), from €16,764 to €82,076
- Tax, wage and social debts +€25,751
up €25,751 (+81.5%), from €31,595 to €57,346
of which Remuneration and social security: +€15,741
- Gross operating margin -€93,091
down €93,091 (-8.5%), from €1.1m to €997,032
- Taxes -€40,520
down €40,520 (-21.5%), from €188,505 to €147,985
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 | €806,399 | €1,330,835 | +€524,435 | +65.0% |
| Fixed assets | 21/28 | €175,716 | €68,031 | -€107,685 | -61.3% |
| Intangible fixed assets | 21 | €1,414 | €2,565 | +€1,152 | +81.4% |
| Tangible fixed assets | 22/27 | €173,802 | €64,965 | -€108,836 | -62.6% |
| Plant, machinery and equipment | 23 | €6,417 | €1,464 | -€4,953 | -77.2% |
| Furniture and vehicles | 24 | €60,636 | €63,501 | +€2,865 | +4.7% |
| Other tangible fixed assets | 26 | €106,749 | - | -€106,749 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €630,684 | €1,262,804 | +€632,120 | +100% |
| Amounts receivable within one year | 40/41 | €136,073 | €322,342 | +€186,269 | +137% |
| Trade receivables | 40 | €127,845 | €309,301 | +€181,456 | +142% |
| Other amounts receivable | 41 | €8,227 | €13,041 | +€4,814 | +58.5% |
| Cash at bank and in hand | 54/58 | €487,154 | €930,635 | +€443,481 | +91.0% |
| Deferred charges and accrued income | 490/1 | €7,457 | €9,827 | +€2,370 | +31.8% |
| Total equity and liabilities | 10/49 | €806,399 | €1,330,835 | +€524,435 | +65.0% |
| Equity | 10/15 | €717,286 | €384,239 | -€333,046 | -46.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €714,286 | €381,239 | -€333,046 | -46.6% |
| Distributable reserves | 133 | €714,286 | €381,239 | -€333,046 | -46.6% |
| Amounts payable | 17/49 | €89,114 | €946,596 | +€857,482 | +962% |
| Amounts payable after more than one year | 17 | €9,910 | €20,068 | +€10,158 | +102% |
| Financial debts | 170/4 | €9,910 | €20,068 | +€10,158 | +102% |
| Amounts payable within one year | 42/48 | €78,204 | €922,373 | +€844,169 | +1,079% |
| Current portion of amounts payable after more than one year | 42 | €22,730 | €16,398 | -€6,332 | -27.9% |
| Trade debts | 44 | €16,764 | €82,076 | +€65,312 | +390% |
| Suppliers | 440/4 | €16,764 | €82,076 | +€65,312 | +390% |
| Taxes, remuneration and social security | 45 | €31,595 | €57,346 | +€25,751 | +81.5% |
| Taxes | 450/3 | €3,505 | €13,515 | +€10,010 | +286% |
| Remuneration and social security | 454/9 | €28,090 | €43,831 | +€15,741 | +56.0% |
| Other amounts payable | 47/48 | €7,114 | €766,554 | +€759,439 | +10,675% |
| Accrued charges and deferred income | 492/3 | €1,000 | €4,155 | +€3,155 | +315% |
| Non-recurring operating income | 76A | - | €2,901 | +€2,901 | |
| Remuneration, social security and pensions | 62 | €275,309 | €270,434 | -€4,875 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,251 | €32,537 | -€8,714 | -21.1% |
| Other operating charges | 640/8 | €940 | €1,613 | +€673 | +71.6% |
| Non-recurring operating charges | 66A | €6,566 | €111,269 | +€104,704 | +1,595% |
| Gross operating margin | 9900 | €1,090,122 | €997,032 | -€93,091 | -8.5% |
| Operating profit (loss) | 9901 | €766,057 | €581,178 | -€184,879 | -24.1% |
| Financial income | 75/76B | €0 | €2,084 | +€2,084 | +20,843,700% |
| Recurring financial income | 75 | €0 | €2,084 | +€2,084 | +20,843,700% |
| Financial charges | 65/66B | €4,514 | €3,324 | -€1,190 | -26.4% |
| Recurring financial charges | 65 | €4,514 | €3,324 | -€1,190 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €761,543 | €579,938 | -€181,605 | -23.8% |
| Income taxes | 67/77 | €188,505 | €147,985 | -€40,520 | -21.5% |
| Profit (loss) for the period | 9904 | €573,038 | €431,954 | -€141,085 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €573,038 | €431,954 | -€141,085 | -24.6% |
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 27 October 2026 via checked.be.