ZIROX: what changed
ZIROX
Largest movements
- Cash +€152,385
up €152,385 (+508%), from €30,006 to €182,391
mainly Net result for the year (+€262,190) and Tax, wage and social debts (+€137,268)
- Tangible fixed assets +€149,442
up €149,442 (+604%), from €24,747 to €174,190
- Intangible fixed assets +€113,033
up €113,033 (+85.8%), from €131,731 to €244,764
- Receivables within one year +€54,394
up €54,394 (+66.0%), from €82,454 to €136,848
of which Trade receivables: +€52,526
- Reserves +€262,190
up €262,190 (+234%), from €112,240 to €374,430
- Tax, wage and social debts +€137,268
up €137,268 (+266%), from €51,512 to €188,781
of which Taxes: +€90,776
- Debts after one year +€72,433
new in 2025: €72,433
- Trade debts -€21,039
down €21,039 (-24.5%), from €85,736 to €64,698
of which Suppliers: -€19,596
- Current portion of long-term debt +€18,404
new in 2025: €18,404
- Gross operating margin +€522,456
up €522,456 (+250%), from €208,888 to €731,344
- Staff costs +€263,466
up €263,466 (+518%), from €50,887 to €314,353
- Depreciation +€52,300
up €52,300 (+376%), from €13,920 to €66,220
- Taxes +€51,573
up €51,573 (+169%), from €30,456 to €82,029
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,571 | €738,391 | +€468,820 | +174% |
| Fixed assets | 21/28 | €156,478 | €418,954 | +€262,476 | +168% |
| Intangible fixed assets | 21 | €131,731 | €244,764 | +€113,033 | +85.8% |
| Tangible fixed assets | 22/27 | €24,747 | €174,190 | +€149,442 | +604% |
| Land and buildings | 22 | €3,898 | €41,758 | +€37,860 | +971% |
| Plant, machinery and equipment | 23 | €15,625 | €52,691 | +€37,067 | +237% |
| Furniture and vehicles | 24 | €5,224 | €79,740 | +€74,516 | +1,426% |
| Current assets | 29/58 | €113,093 | €319,437 | +€206,344 | +182% |
| Amounts receivable within one year | 40/41 | €82,454 | €136,848 | +€54,394 | +66.0% |
| Trade receivables | 40 | €81,790 | €134,316 | +€52,526 | +64.2% |
| Other amounts receivable | 41 | €664 | €2,532 | +€1,869 | +282% |
| Cash at bank and in hand | 54/58 | €30,006 | €182,391 | +€152,385 | +508% |
| Deferred charges and accrued income | 490/1 | €632 | €198 | -€435 | -68.8% |
| Total equity and liabilities | 10/49 | €269,571 | €738,391 | +€468,820 | +174% |
| Equity | 10/15 | €118,240 | €380,430 | +€262,190 | +222% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €112,240 | €374,430 | +€262,190 | +234% |
| Distributable reserves | 133 | €112,240 | €374,430 | +€262,190 | +234% |
| Amounts payable | 17/49 | €151,331 | €357,960 | +€206,629 | +137% |
| Amounts payable after more than one year | 17 | - | €72,433 | +€72,433 | |
| Financial debts | 170/4 | - | €72,433 | +€72,433 | |
| Amounts payable within one year | 42/48 | €151,331 | €285,527 | +€134,196 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,404 | +€18,404 | |
| Financial debts | 43 | €148 | €682 | +€534 | +360% |
| Credit institutions | 430/8 | €148 | €682 | +€534 | +360% |
| Trade debts | 44 | €85,736 | €64,698 | -€21,039 | -24.5% |
| Suppliers | 440/4 | €84,293 | €64,698 | -€19,596 | -23.2% |
| Bills of exchange payable | 441 | €1,443 | - | -€1,443 | |
| Taxes, remuneration and social security | 45 | €51,512 | €188,781 | +€137,268 | +266% |
| Taxes | 450/3 | €40,459 | €131,234 | +€90,776 | +224% |
| Remuneration and social security | 454/9 | €11,054 | €57,546 | +€46,492 | +421% |
| Other amounts payable | 47/48 | €13,934 | €12,962 | -€971 | -7.0% |
| Remuneration, social security and pensions | 62 | €50,887 | €314,353 | +€263,466 | +518% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,920 | €66,220 | +€52,300 | +376% |
| Other operating charges | 640/8 | €1,237 | €3,314 | +€2,076 | +168% |
| Gross operating margin | 9900 | €208,888 | €731,344 | +€522,456 | +250% |
| Operating profit (loss) | 9901 | €142,844 | €347,457 | +€204,613 | +143% |
| Financial income | 75/76B | €0 | €281 | +€281 | +68,498% |
| Recurring financial income | 75 | €0 | €281 | +€281 | +68,498% |
| Financial charges | 65/66B | €148 | €3,519 | +€3,371 | +2,272% |
| Recurring financial charges | 65 | €148 | €3,519 | +€3,371 | +2,272% |
| Profit (loss) for the period before taxes | 9903 | €142,696 | €344,219 | +€201,523 | +141% |
| Income taxes | 67/77 | €30,456 | €82,029 | +€51,573 | +169% |
| Profit (loss) for the period | 9904 | €112,240 | €262,190 | +€149,950 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €112,240 | €262,190 | +€149,950 | +134% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.