ZIS: 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.
ZIS
Largest movements
- Receivables within one year +€11,423
up €11,423 (+274%), from €4,170 to €15,594
of which Other amounts receivable: +€12,745
- Tangible fixed assets -€7,814
down €7,814 (-3.7%), from €211,489 to €203,674
of which Land and buildings: -€5,817
- Debts after one year -€28,951
down €28,951 (-20.8%), from €139,202 to €110,251
- Current portion of long-term debt +€22,985
up €22,985 (+7,169%), from €321 to €23,306
- Reserves +€13,217
up €13,217 (+20.2%), from €65,479 to €78,696
of which Distributable reserves: +€13,217
- Trade debts -€2,841
down €2,841 (-88.6%), from €3,207 to €366
- Staff costs +€4,617
up €4,617 (+92.9%), from €4,973 to €9,590
- Gross operating margin +€3,848
up €3,848 (+8.8%), from €43,776 to €47,624
- Financial charges -€2,340
down €2,340 (-27.4%), from €8,537 to €6,197
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 | €234,349 | €236,822 | +€2,474 | +1.1% |
| Fixed assets | 21/28 | €211,489 | €203,674 | -€7,814 | -3.7% |
| Tangible fixed assets | 22/27 | €211,489 | €203,674 | -€7,814 | -3.7% |
| Land and buildings | 22 | €206,013 | €200,195 | -€5,817 | -2.8% |
| Plant, machinery and equipment | 23 | €1,750 | €3,479 | +€1,729 | +98.8% |
| Furniture and vehicles | 24 | €3,726 | - | -€3,726 | |
| Current assets | 29/58 | €22,860 | €33,148 | +€10,288 | +45.0% |
| Amounts receivable within one year | 40/41 | €4,170 | €15,594 | +€11,423 | +274% |
| Trade receivables | 40 | €1,684 | €363 | -€1,322 | -78.5% |
| Other amounts receivable | 41 | €2,486 | €15,231 | +€12,745 | +513% |
| Cash at bank and in hand | 54/58 | €18,690 | €17,554 | -€1,135 | -6.1% |
| Total equity and liabilities | 10/49 | €234,349 | €236,822 | +€2,474 | +1.1% |
| Equity | 10/15 | €84,079 | €97,296 | +€13,217 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,479 | €78,696 | +€13,217 | +20.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,619 | €76,836 | +€13,217 | +20.8% |
| Amounts payable | 17/49 | €150,269 | €139,526 | -€10,743 | -7.1% |
| Amounts payable after more than one year | 17 | €139,202 | €110,251 | -€28,951 | -20.8% |
| Financial debts | 170/4 | €139,202 | €110,251 | -€28,951 | -20.8% |
| Amounts payable within one year | 42/48 | €11,068 | €29,276 | +€18,208 | +165% |
| Current portion of amounts payable after more than one year | 42 | €321 | €23,306 | +€22,985 | +7,169% |
| Trade debts | 44 | €3,207 | €366 | -€2,841 | -88.6% |
| Suppliers | 440/4 | €3,207 | €366 | -€2,841 | -88.6% |
| Taxes, remuneration and social security | 45 | €5,505 | €5,604 | +€99 | +1.8% |
| Taxes | 450/3 | €1,901 | €3,438 | +€1,537 | +80.9% |
| Remuneration and social security | 454/9 | €3,604 | €2,166 | -€1,438 | -39.9% |
| Other amounts payable | 47/48 | €2,036 | - | -€2,036 | |
| Remuneration, social security and pensions | 62 | €4,973 | €9,590 | +€4,617 | +92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,668 | €9,913 | +€245 | +2.5% |
| Other operating charges | 640/8 | €2,341 | €2,464 | +€123 | +5.3% |
| Gross operating margin | 9900 | €43,776 | €47,624 | +€3,848 | +8.8% |
| Operating profit (loss) | 9901 | €26,794 | €25,656 | -€1,137 | -4.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,650% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,650% |
| Financial charges | 65/66B | €8,537 | €6,197 | -€2,340 | -27.4% |
| Recurring financial charges | 65 | €8,537 | €6,197 | -€2,340 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €18,256 | €19,460 | +€1,204 | +6.6% |
| Income taxes | 67/77 | €5,892 | €6,244 | +€351 | +6.0% |
| Profit (loss) for the period | 9904 | €12,364 | €13,217 | +€852 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,364 | €13,217 | +€852 | +6.9% |
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 14 October 2026 via checked.be.