Zinzo: 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.
Zinzo
Largest movements
- Current investments +€835,154
new in 2025: €835,154
- Cash -€491,747
down €491,747 (-57.1%), from €860,823 to €369,076
mainly Current investments (-€835,154) and Receivables within one year (-€62,007)
- Receivables after one year -€296,484
down €296,484 (-31.4%), from €943,892 to €647,407
of which Trade receivables: -€943,892
- Receivables within one year +€62,007
up €62,007 (+22.0%), from €282,119 to €344,126
of which Trade receivables: +€31,338
- Tangible fixed assets +€55,445
up €55,445 (+3.0%), from €1.8m to €1.9m
- Reserves +€143,300
up €143,300 (+10.3%), from €1.4m to €1.5m
- Financial income -€63,679
down €63,679 (-70.3%), from €90,622 to €26,943
- Gross operating margin +€60,601
up €60,601 (+41.0%), from €147,639 to €208,241
- Other operating charges +€2,713
up €2,713 (+8.5%), from €31,980 to €34,693
- Depreciation +€2,547
up €2,547 (+67.8%), from €3,758 to €6,305
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 | €3,928,314 | €4,093,374 | +€165,060 | +4.2% |
| Fixed assets | 21/28 | €1,840,115 | €1,895,560 | +€55,445 | +3.0% |
| Tangible fixed assets | 22/27 | €1,840,115 | €1,895,560 | +€55,445 | +3.0% |
| Land and buildings | 22 | €1,840,115 | €1,895,560 | +€55,445 | +3.0% |
| Current assets | 29/58 | €2,088,199 | €2,197,814 | +€109,615 | +5.2% |
| Amounts receivable after more than one year | 29 | €943,892 | €647,407 | -€296,484 | -31.4% |
| Trade receivables | 290 | €943,892 | €0 | -€943,892 | -100% |
| Other amounts receivable | 291 | - | €647,407 | +€647,407 | |
| Amounts receivable within one year | 40/41 | €282,119 | €344,126 | +€62,007 | +22.0% |
| Trade receivables | 40 | €0 | €31,338 | +€31,338 | |
| Other amounts receivable | 41 | €282,119 | €312,788 | +€30,669 | +10.9% |
| Current investments | 50/53 | - | €835,154 | +€835,154 | |
| Cash at bank and in hand | 54/58 | €860,823 | €369,076 | -€491,747 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,366 | €2,051 | +€685 | +50.1% |
| Total equity and liabilities | 10/49 | €3,928,314 | €4,093,374 | +€165,060 | +4.2% |
| Equity | 10/15 | €3,892,320 | €4,035,619 | +€143,299 | +3.7% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €1,391,700 | €1,535,000 | +€143,300 | +10.3% |
| Distributable reserves | 133 | €1,391,700 | €1,535,000 | +€143,300 | +10.3% |
| Profit (loss) carried forward | 14 | €620 | €619 | -€1 | -0.2% |
| Amounts payable | 17/49 | €35,995 | €57,756 | +€21,761 | +60.5% |
| Amounts payable within one year | 42/48 | €6,922 | €35,951 | +€29,029 | +419% |
| Trade debts | 44 | €6,922 | €35,951 | +€29,029 | +419% |
| Suppliers | 440/4 | €6,922 | €35,951 | +€29,029 | +419% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €29,072 | €21,804 | -€7,268 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,758 | €6,305 | +€2,547 | +67.8% |
| Other operating charges | 640/8 | €31,980 | €34,693 | +€2,713 | +8.5% |
| Gross operating margin | 9900 | €147,639 | €208,241 | +€60,601 | +41.0% |
| Operating profit (loss) | 9901 | €111,902 | €167,242 | +€55,341 | +49.5% |
| Financial income | 75/76B | €90,622 | €26,943 | -€63,679 | -70.3% |
| Recurring financial income | 75 | €90,622 | €26,943 | -€63,679 | -70.3% |
| Financial charges | 65/66B | €243 | €1,573 | +€1,330 | +547% |
| Recurring financial charges | 65 | €243 | €1,573 | +€1,330 | +547% |
| Profit (loss) for the period before taxes | 9903 | €202,280 | €192,612 | -€9,668 | -4.8% |
| Income taxes | 67/77 | €50,962 | €49,313 | -€1,649 | -3.2% |
| Profit (loss) for the period | 9904 | €151,318 | €143,299 | -€8,019 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,318 | €143,299 | -€8,019 | -5.3% |
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 22 October 2026 via checked.be.