ZION ENGINEERING: 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.
ZION ENGINEERING
Largest movements
- Receivables within one year -€155,933
down €155,933 (-83.7%), from €186,343 to €30,410
of which Other amounts receivable: -€155,793
- Cash -€53,960
down €53,960 (-35.8%), from €150,823 to €96,863
mainly Contributions, distributions and other (-€373,597) and Deferred charges and accrued income (-€12,409)
- Deferred charges and accrued income +€12,409
up €12,409 (+108.8%), from €11,400 to €23,809
- Reserves -€295,731
down €295,731 (-44.2%), from €669,058 to €373,327
- Other debts +€95,479
up €95,479 (+232.9%), from €40,992 to €136,471
- Gross operating margin -€72,610
down €72,610 (-35.9%), from €202,456 to €129,846
- Taxes -€14,603
down €14,603 (-20.1%), from €72,820 to €58,218
- Financial income -€3,661
down €3,661 (-17.9%), from €20,506 to €16,844
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 | €740,335 | €536,538 | -€203,797 | -27.5% |
| Fixed assets | 21/28 | €11,769 | €5,456 | -€6,313 | -53.6% |
| Tangible fixed assets | 22/27 | €11,769 | €5,456 | -€6,313 | -53.6% |
| Plant, machinery and equipment | 23 | €1,683 | €1,255 | -€428 | -25.4% |
| Furniture and vehicles | 24 | €10,086 | €4,201 | -€5,885 | -58.3% |
| Current assets | 29/58 | €728,566 | €531,082 | -€197,484 | -27.1% |
| Amounts receivable after more than one year | 29 | €380,000 | €380,000 | = | 0.0% |
| Other amounts receivable | 291 | €380,000 | €380,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €186,343 | €30,410 | -€155,933 | -83.7% |
| Trade receivables | 40 | €19,057 | €18,917 | -€140 | -0.7% |
| Other amounts receivable | 41 | €167,287 | €11,494 | -€155,793 | -93.1% |
| Cash at bank and in hand | 54/58 | €150,823 | €96,863 | -€53,960 | -35.8% |
| Deferred charges and accrued income | 490/1 | €11,400 | €23,809 | +€12,409 | +108.8% |
| Total equity and liabilities | 10/49 | €740,335 | €536,538 | -€203,797 | -27.5% |
| Equity | 10/15 | €675,258 | €379,527 | -€295,731 | -43.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €669,058 | €373,327 | -€295,731 | -44.2% |
| Distributable reserves | 133 | €669,058 | €373,327 | -€295,731 | -44.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,078 | €157,011 | +€91,933 | +141.3% |
| Amounts payable within one year | 42/48 | €65,078 | €157,011 | +€91,933 | +141.3% |
| Trade debts | 44 | €3,018 | €1,930 | -€1,087 | -36.0% |
| Suppliers | 440/4 | €3,018 | €1,930 | -€1,087 | -36.0% |
| Taxes, remuneration and social security | 45 | €21,067 | €18,610 | -€2,458 | -11.7% |
| Taxes | 450/3 | €21,067 | €18,610 | -€2,458 | -11.7% |
| Other amounts payable | 47/48 | €40,992 | €136,471 | +€95,479 | +232.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,832 | €6,313 | -€520 | -7.6% |
| Other operating charges | 640/8 | €2,229 | €3,554 | +€1,325 | +59.5% |
| Gross operating margin | 9900 | €202,456 | €129,846 | -€72,610 | -35.9% |
| Operating profit (loss) | 9901 | €193,394 | €119,979 | -€73,415 | -38.0% |
| Financial income | 75/76B | €20,506 | €16,844 | -€3,661 | -17.9% |
| Recurring financial income | 75 | €20,506 | €16,844 | -€3,661 | -17.9% |
| Financial charges | 65/66B | €564 | €739 | +€175 | +31.0% |
| Recurring financial charges | 65 | €564 | €739 | +€175 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €213,336 | €136,084 | -€77,251 | -36.2% |
| Income taxes | 67/77 | €72,820 | €58,218 | -€14,603 | -20.1% |
| Profit (loss) for the period | 9904 | €140,515 | €77,867 | -€62,649 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,515 | €77,867 | -€62,649 | -44.6% |
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 5 October 2026 via checked.be.