ZISK: 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.
ZISK
Largest movements
- Receivables within one year -€108,211
down €108,211 (-36.0%), from €300,737 to €192,526
of which Other amounts receivable: -€112,311
- Debts after one year -€457,143
down €457,143 (-19.6%), from €2.3m to €1.9m
- Profit (loss) carried forward +€419,819
up €419,819 (+24.9%), from €1.7m to €2.1m
- Financial income -€307,104
down €307,104 (-41.9%), from €732,700 to €425,597
- Financial charges -€56,655
down €56,655 (-40.7%), from €139,171 to €82,515
- Gross operating margin +€28,017
up €28,017 (+24.5%), from €114,163 to €142,180
- Taxes +€10,354
up €10,354 (+36,782%), from €28 to €10,382
- Other operating charges +€1,764
up €1,764 (+404%), from €436 to €2,200
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 | €8,890,436 | €8,816,463 | -€73,973 | -0.8% |
| Fixed assets | 21/28 | €8,482,505 | €8,488,492 | +€5,987 | +0.1% |
| Tangible fixed assets | 22/27 | €5,135 | €11,123 | +€5,987 | +117% |
| Furniture and vehicles | 24 | €5,135 | €10,154 | +€5,019 | +97.7% |
| Other tangible fixed assets | 26 | - | €969 | +€969 | |
| Financial fixed assets | 28 | €8,477,370 | €8,477,370 | = | 0.0% |
| Current assets | 29/58 | €407,931 | €327,971 | -€79,960 | -19.6% |
| Amounts receivable within one year | 40/41 | €300,737 | €192,526 | -€108,211 | -36.0% |
| Trade receivables | 40 | €41,294 | €45,394 | +€4,100 | +9.9% |
| Other amounts receivable | 41 | €259,442 | €147,132 | -€112,311 | -43.3% |
| Current investments | 50/53 | €54,045 | €72,256 | +€18,211 | +33.7% |
| Cash at bank and in hand | 54/58 | €53,150 | €63,189 | +€10,039 | +18.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €8,890,436 | €8,816,463 | -€73,973 | -0.8% |
| Equity | 10/15 | €5,830,663 | €6,250,482 | +€419,819 | +7.2% |
| Contributions | 10/11 | €4,142,500 | €4,142,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,688,163 | €2,107,982 | +€419,819 | +24.9% |
| Provisions and deferred taxes | 16 | €150,000 | €150,000 | = | 0.0% |
| Deferred taxes | 168 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,909,773 | €2,415,981 | -€493,792 | -17.0% |
| Amounts payable after more than one year | 17 | €2,328,571 | €1,871,429 | -€457,143 | -19.6% |
| Financial debts | 170/4 | €2,328,571 | €1,871,429 | -€457,143 | -19.6% |
| Amounts payable within one year | 42/48 | €548,879 | €518,694 | -€30,185 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €522,214 | €457,143 | -€65,071 | -12.5% |
| Trade debts | 44 | €10,471 | €21,786 | +€11,315 | +108% |
| Suppliers | 440/4 | €10,471 | €21,786 | +€11,315 | +108% |
| Taxes, remuneration and social security | 45 | €16,193 | €14,765 | -€1,429 | -8.8% |
| Taxes | 450/3 | €16,193 | €14,765 | -€1,429 | -8.8% |
| Other amounts payable | 47/48 | €0 | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €32,323 | €25,858 | -€6,465 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €2,860 | +€1,143 | +66.6% |
| Other operating charges | 640/8 | €436 | €2,200 | +€1,764 | +404% |
| Gross operating margin | 9900 | €114,163 | €142,180 | +€28,017 | +24.5% |
| Operating profit (loss) | 9901 | €112,010 | €137,120 | +€25,110 | +22.4% |
| Financial income | 75/76B | €732,700 | €425,597 | -€307,104 | -41.9% |
| Recurring financial income | 75 | €732,700 | €425,597 | -€307,104 | -41.9% |
| Financial charges | 65/66B | €139,171 | €82,515 | -€56,655 | -40.7% |
| Recurring financial charges | 65 | €139,171 | €82,515 | -€56,655 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €705,540 | €480,201 | -€225,338 | -31.9% |
| Income taxes | 67/77 | €28 | €10,382 | +€10,354 | +36,782% |
| Profit (loss) for the period | 9904 | €705,512 | €469,819 | -€235,692 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €705,512 | €469,819 | -€235,692 | -33.4% |
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 31 October 2026 via checked.be.