ZirconfleX: 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.
ZirconfleX
Largest movements
- Receivables within one year +€76,797
up €76,797 (+1,623%), from €4,732 to €81,529
of which Other amounts receivable: +€64,907
- Cash -€34,558
down €34,558 (-32.4%), from €106,618 to €72,060
mainly Receivables within one year (-€76,797) and Other debts (-€10,601)
- Deferred charges and accrued income +€9,246
new in 2025: €9,246
- Tangible fixed assets -€1,734
down €1,734 (-23.6%), from €7,362 to €5,627
- Profit (loss) carried forward +€43,562
up €43,562 (+43.6%), from €99,902 to €143,464
- Other debts -€10,601
no longer reported in 2025 (was €10,601)
- Advances received +€8,848
new in 2025: €8,848
- Tax, wage and social debts +€5,788
up €5,788 (+117%), from €4,953 to €10,740
- Trade debts +€2,154
up €2,154 (+285%), from €756 to €2,910
- Gross operating margin +€46,189
up €46,189 (+315%), from €14,672 to €60,861
- Taxes +€12,413
up €12,413 (+429%), from €2,895 to €15,308
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 | €118,712 | €168,462 | +€49,751 | +41.9% |
| Fixed assets | 21/28 | €7,362 | €5,627 | -€1,734 | -23.6% |
| Tangible fixed assets | 22/27 | €7,362 | €5,627 | -€1,734 | -23.6% |
| Plant, machinery and equipment | 23 | €7,362 | €5,627 | -€1,734 | -23.6% |
| Current assets | 29/58 | €111,350 | €162,835 | +€51,485 | +46.2% |
| Amounts receivable within one year | 40/41 | €4,732 | €81,529 | +€76,797 | +1,623% |
| Trade receivables | 40 | - | €11,889 | +€11,889 | |
| Other amounts receivable | 41 | €4,732 | €69,640 | +€64,907 | +1,372% |
| Cash at bank and in hand | 54/58 | €106,618 | €72,060 | -€34,558 | -32.4% |
| Deferred charges and accrued income | 490/1 | - | €9,246 | +€9,246 | |
| Total equity and liabilities | 10/49 | €118,712 | €168,462 | +€49,751 | +41.9% |
| Equity | 10/15 | €102,402 | €145,964 | +€43,562 | +42.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,902 | €143,464 | +€43,562 | +43.6% |
| Amounts payable | 17/49 | €16,310 | €22,499 | +€6,189 | +37.9% |
| Amounts payable within one year | 42/48 | €16,310 | €22,499 | +€6,189 | +37.9% |
| Trade debts | 44 | €756 | €2,910 | +€2,154 | +285% |
| Suppliers | 440/4 | €756 | €2,910 | +€2,154 | +285% |
| Advances received on contracts in progress | 46 | - | €8,848 | +€8,848 | |
| Taxes, remuneration and social security | 45 | €4,953 | €10,740 | +€5,788 | +117% |
| Taxes | 450/3 | €4,953 | €10,740 | +€5,788 | +117% |
| Other amounts payable | 47/48 | €10,601 | - | -€10,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €1,734 | +€424 | +32.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €14,672 | €60,861 | +€46,189 | +315% |
| Operating profit (loss) | 9901 | €13,243 | €59,007 | +€45,763 | +346% |
| Financial charges | 65/66B | €46 | €136 | +€90 | +194% |
| Recurring financial charges | 65 | €46 | €136 | +€90 | +194% |
| Profit (loss) for the period before taxes | 9903 | €13,197 | €58,870 | +€45,673 | +346% |
| Income taxes | 67/77 | €2,895 | €15,308 | +€12,413 | +429% |
| Profit (loss) for the period | 9904 | €10,302 | €43,562 | +€33,260 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €10,302 | €43,562 | +€33,260 | +323% |
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 30 October 2026 via checked.be.