ZINSPELING: 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.
ZINSPELING
Largest movements
- Cash +€24,436
up €24,436 (+50.7%), from €48,224 to €72,660
mainly Receivables within one year (+€15,907) and Net result for the year (+€8,529)
- Receivables within one year -€15,907
down €15,907 (-22.2%), from €71,729 to €55,822
of which Trade receivables: -€21,104
- Tangible fixed assets -€4,725
down €4,725 (-31.7%), from €14,903 to €10,178
of which Plant, machinery and equipment: -€2,609
- Reserves +€8,529
up €8,529 (+26.7%), from €32,000 to €40,529
of which Tax-exempt reserves: +€8,529
- Trade debts -€5,960
down €5,960 (-81.9%), from €7,279 to €1,319
- Turnover +€22,429
up €22,429 (+28.9%), from €77,634 to €100,063
- Gross operating margin +€17,502
up €17,502 (+61.5%), from €28,462 to €45,964
- Purchases and services +€4,927
up €4,927 (+10.0%), from €49,172 to €54,099
- Staff costs +€3,711
up €3,711 (+12.4%), from €30,000 to €33,711
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 | €134,856 | €138,660 | +€3,804 | +2.8% |
| Fixed assets | 21/28 | €14,903 | €10,178 | -€4,725 | -31.7% |
| Tangible fixed assets | 22/27 | €14,903 | €10,178 | -€4,725 | -31.7% |
| Plant, machinery and equipment | 23 | €3,742 | €1,133 | -€2,609 | -69.7% |
| Furniture and vehicles | 24 | €11,161 | €9,045 | -€2,116 | -19.0% |
| Current assets | 29/58 | €119,953 | €128,482 | +€8,529 | +7.1% |
| Amounts receivable within one year | 40/41 | €71,729 | €55,822 | -€15,907 | -22.2% |
| Trade receivables | 40 | €36,155 | €15,051 | -€21,104 | -58.4% |
| Other amounts receivable | 41 | €35,574 | €40,771 | +€5,197 | +14.6% |
| Cash at bank and in hand | 54/58 | €48,224 | €72,660 | +€24,436 | +50.7% |
| Total equity and liabilities | 10/49 | €134,856 | €138,660 | +€3,804 | +2.8% |
| Equity | 10/15 | €124,710 | €133,239 | +€8,529 | +6.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | €50,000 | = | 0.0% |
| Issued capital | 100 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €40,529 | +€8,529 | +26.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,000 | €35,529 | +€8,529 | +31.6% |
| Profit (loss) carried forward | 14 | €42,710 | €42,710 | = | 0.0% |
| Amounts payable | 17/49 | €10,146 | €5,421 | -€4,725 | -46.6% |
| Amounts payable within one year | 42/48 | €10,146 | €5,421 | -€4,725 | -46.6% |
| Trade debts | 44 | €7,279 | €1,319 | -€5,960 | -81.9% |
| Suppliers | 440/4 | €7,279 | €1,319 | -€5,960 | -81.9% |
| Taxes, remuneration and social security | 45 | €2,867 | €4,102 | +€1,235 | +43.1% |
| Taxes | 450/3 | €2,867 | €4,102 | +€1,235 | +43.1% |
| Turnover | 70 | €77,634 | €100,063 | +€22,429 | +28.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,172 | €54,099 | +€4,927 | +10.0% |
| Remuneration, social security and pensions | 62 | €30,000 | €33,711 | +€3,711 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,010 | €4,725 | -€285 | -5.7% |
| Other operating charges | 640/8 | €1,552 | €1,309 | -€243 | -15.7% |
| Gross operating margin | 9900 | €28,462 | €45,964 | +€17,502 | +61.5% |
| Operating profit (loss) | 9901 | -€8,100 | €6,219 | +€14,319 | |
| Financial income | 75/76B | €2,397 | €2,670 | +€273 | +11.4% |
| Recurring financial income | 75 | €73 | €89 | +€16 | +21.9% |
| Non-recurring financial income | 76B | €2,324 | €2,581 | +€257 | +11.1% |
| Financial charges | 65/66B | €163 | €334 | +€171 | +105% |
| Recurring financial charges | 65 | €163 | €334 | +€171 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€5,866 | €8,555 | +€14,421 | |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | -€5,866 | €8,529 | +€14,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,866 | €8,529 | +€14,395 |
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 25 October 2026 via checked.be.