ZIRKOON HOLDING: 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.
ZIRKOON HOLDING
Largest movements
- Receivables within one year -€928,243
down €928,243 (-81.4%), from €1.1m to €212,046
of which Other amounts receivable: -€834,443
- Tangible fixed assets -€21,175
down €21,175 (-78.1%), from €27,096 to €5,921
of which Furniture and vehicles: -€21,175
- Other debts -€870,302
down €870,302 (-71.8%), from €1.2m to €341,093
- Profit (loss) carried forward -€90,582
down €90,582 (-210%), from -€43,059 to -€133,641
- Gross operating margin -€73,383
down €73,383, from €10,018 to -€63,365
- Other operating charges +€1,255
up €1,255 (+31.1%), from €4,037 to €5,293
- Taxes -€1,212
down €1,212 (-64.0%), from €1,896 to €683
- Financial income -€1,198
down €1,198 (-99.8%), from €1,200 to €2
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 | €1,180,809 | €221,641 | -€959,168 | -81.2% |
| Fixed assets | 21/28 | €27,099 | €5,924 | -€21,175 | -78.1% |
| Tangible fixed assets | 22/27 | €27,096 | €5,921 | -€21,175 | -78.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €27,096 | €5,921 | -€21,175 | -78.1% |
| Financial fixed assets | 28 | €3 | €3 | = | 0.0% |
| Current assets | 29/58 | €1,153,710 | €215,717 | -€937,993 | -81.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,140,289 | €212,046 | -€928,243 | -81.4% |
| Trade receivables | 40 | €93,800 | €0 | -€93,800 | -100% |
| Other amounts receivable | 41 | €1,046,489 | €212,046 | -€834,443 | -79.7% |
| Cash at bank and in hand | 54/58 | €9,830 | €80 | -€9,750 | -99.2% |
| Deferred charges and accrued income | 490/1 | €3,591 | €3,591 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,180,809 | €221,641 | -€959,168 | -81.2% |
| Equity | 10/15 | -€38,059 | -€128,641 | -€90,582 | -238% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,059 | -€133,641 | -€90,582 | -210% |
| Amounts payable | 17/49 | €1,218,869 | €350,283 | -€868,586 | -71.3% |
| Amounts payable within one year | 42/48 | €1,218,869 | €350,283 | -€868,586 | -71.3% |
| Trade debts | 44 | €5,978 | €7,010 | +€1,032 | +17.3% |
| Suppliers | 440/4 | €5,978 | €7,010 | +€1,032 | +17.3% |
| Taxes, remuneration and social security | 45 | €1,496 | €2,179 | +€683 | +45.7% |
| Taxes | 450/3 | €1,496 | €2,179 | +€683 | +45.7% |
| Other amounts payable | 47/48 | €1,211,395 | €341,093 | -€870,302 | -71.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,175 | €21,175 | = | 0.0% |
| Other operating charges | 640/8 | €4,037 | €5,293 | +€1,255 | +31.1% |
| Gross operating margin | 9900 | €10,018 | -€63,365 | -€73,383 | |
| Operating profit (loss) | 9901 | -€15,195 | -€89,833 | -€74,638 | -491% |
| Financial income | 75/76B | €1,200 | €2 | -€1,198 | -99.8% |
| Recurring financial income | 75 | €1,200 | €2 | -€1,198 | -99.8% |
| Financial charges | 65/66B | €91 | €68 | -€23 | -25.7% |
| Recurring financial charges | 65 | €91 | €68 | -€23 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,086 | -€89,899 | -€75,813 | -538% |
| Income taxes | 67/77 | €1,896 | €683 | -€1,212 | -64.0% |
| Profit (loss) for the period | 9904 | -€15,982 | -€90,582 | -€74,600 | -467% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,982 | -€90,582 | -€74,600 | -467% |
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 21 October 2026 via checked.be.