ZISCOAT: 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.
ZISCOAT
Largest movements
- Tangible fixed assets -€59,097
down €59,097 (-5.0%), from €1.2m to €1.1m
- Cash +€48,480
up €48,480 (+5.5%), from €884,081 to €932,560
mainly Net result for the year (+€105,128) and Depreciation (+€59,097)
- Receivables within one year +€47,325
up €47,325 (+20.2%), from €233,869 to €281,194
of which Trade receivables: +€42,960
- Debts after one year -€108,129
down €108,129 (-17.7%), from €610,843 to €502,714
- Profit (loss) carried forward +€105,128
up €105,128 (+83.8%), from -€125,502 to -€20,374
- Trade debts +€35,538
up €35,538 (+147%), from €24,118 to €59,656
- Staff costs +€5,958
up €5,958 (+8.7%), from €68,466 to €74,425
- Financial income +€4,790
up €4,790 (+49.1%), from €9,758 to €14,548
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 | €2,315,039 | €2,350,442 | +€35,403 | +1.5% |
| Fixed assets | 21/28 | €1,189,414 | €1,130,317 | -€59,097 | -5.0% |
| Tangible fixed assets | 22/27 | €1,189,414 | €1,130,317 | -€59,097 | -5.0% |
| Land and buildings | 22 | €1,189,414 | €1,130,317 | -€59,097 | -5.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,125,626 | €1,220,125 | +€94,499 | +8.4% |
| Amounts receivable within one year | 40/41 | €233,869 | €281,194 | +€47,325 | +20.2% |
| Trade receivables | 40 | €83,869 | €126,829 | +€42,960 | +51.2% |
| Other amounts receivable | 41 | €150,000 | €154,364 | +€4,364 | +2.9% |
| Cash at bank and in hand | 54/58 | €884,081 | €932,560 | +€48,480 | +5.5% |
| Deferred charges and accrued income | 490/1 | €7,676 | €6,371 | -€1,305 | -17.0% |
| Total equity and liabilities | 10/49 | €2,315,039 | €2,350,442 | +€35,403 | +1.5% |
| Equity | 10/15 | €1,528,598 | €1,633,726 | +€105,128 | +6.9% |
| Contributions | 10/11 | €1,654,100 | €1,654,100 | = | 0.0% |
| Capital | 10 | €1,654,100 | €1,654,100 | = | 0.0% |
| Issued capital | 100 | €1,654,100 | €1,654,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,502 | -€20,374 | +€105,128 | +83.8% |
| Amounts payable | 17/49 | €786,441 | €716,716 | -€69,726 | -8.9% |
| Amounts payable after more than one year | 17 | €610,843 | €502,714 | -€108,129 | -17.7% |
| Financial debts | 170/4 | €610,843 | €502,714 | -€108,129 | -17.7% |
| Amounts payable within one year | 42/48 | €164,178 | €213,231 | +€49,053 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €106,111 | €108,129 | +€2,018 | +1.9% |
| Trade debts | 44 | €24,118 | €59,656 | +€35,538 | +147% |
| Suppliers | 440/4 | €24,118 | €59,656 | +€35,538 | +147% |
| Taxes, remuneration and social security | 45 | €19,555 | €17,982 | -€1,572 | -8.0% |
| Taxes | 450/3 | €8,469 | €6,644 | -€1,825 | -21.5% |
| Remuneration and social security | 454/9 | €11,085 | €11,338 | +€253 | +2.3% |
| Other amounts payable | 47/48 | €14,395 | €27,464 | +€13,069 | +90.8% |
| Accrued charges and deferred income | 492/3 | €11,420 | €771 | -€10,649 | -93.2% |
| Remuneration, social security and pensions | 62 | €68,466 | €74,425 | +€5,958 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,097 | €59,097 | = | 0.0% |
| Other operating charges | 640/8 | €17,051 | €17,294 | +€243 | +1.4% |
| Gross operating margin | 9900 | €253,279 | €255,310 | +€2,031 | +0.8% |
| Operating profit (loss) | 9901 | €108,665 | €104,494 | -€4,171 | -3.8% |
| Financial income | 75/76B | €9,758 | €14,548 | +€4,790 | +49.1% |
| Recurring financial income | 75 | €9,758 | €14,548 | +€4,790 | +49.1% |
| Financial charges | 65/66B | €16,298 | €13,914 | -€2,384 | -14.6% |
| Recurring financial charges | 65 | €16,298 | €13,914 | -€2,384 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €102,125 | €105,128 | +€3,004 | +2.9% |
| Profit (loss) for the period | 9904 | €102,125 | €105,128 | +€3,004 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,125 | €105,128 | +€3,004 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.