ZISLA: 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.
ZISLA
Largest movements
- Receivables within one year -€7,391
down €7,391 (-89.7%), from €8,236 to €845
- Tangible fixed assets +€2,464
up €2,464 (+27.1%), from €9,100 to €11,564
of which Furniture and vehicles: +€4,714
- Cash +€1,126
up €1,126 (+192%), from €585 to €1,711
mainly Receivables within one year (+€7,391) and Other debts (+€6,506)
- Deferred charges and accrued income -€355
no longer reported in 2025 (was €355)
- Profit (loss) carried forward -€6,841
down €6,841 (-16.8%), from -€40,743 to -€47,584
- Other debts +€6,506
up €6,506 (+26.7%), from €24,399 to €30,905
- Trade debts -€3,821
down €3,821 (-80.6%), from €4,738 to €917
- Gross operating margin +€2,188
up €2,188 (+33.6%), from -€6,506 to -€4,317
- Depreciation -€1,429
down €1,429 (-37.5%), from €3,813 to €2,385
- Financial income +€451
new in 2025: €451
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 | €30,255 | €26,098 | -€4,157 | -13.7% |
| Fixed assets | 21/28 | €9,100 | €11,564 | +€2,464 | +27.1% |
| Tangible fixed assets | 22/27 | €9,100 | €11,564 | +€2,464 | +27.1% |
| Plant, machinery and equipment | 23 | €9,100 | €6,850 | -€2,250 | -24.7% |
| Furniture and vehicles | 24 | - | €4,714 | +€4,714 | |
| Current assets | 29/58 | €21,155 | €14,535 | -€6,620 | -31.3% |
| Stocks and contracts in progress | 3 | €11,979 | €11,979 | = | 0.0% |
| Stocks | 30/36 | €11,979 | €11,979 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,236 | €845 | -€7,391 | -89.7% |
| Other amounts receivable | 41 | €8,236 | €845 | -€7,391 | -89.7% |
| Cash at bank and in hand | 54/58 | €585 | €1,711 | +€1,126 | +192% |
| Deferred charges and accrued income | 490/1 | €355 | - | -€355 | |
| Total equity and liabilities | 10/49 | €30,255 | €26,098 | -€4,157 | -13.7% |
| Equity | 10/15 | -€22,143 | -€28,984 | -€6,841 | -30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,743 | -€47,584 | -€6,841 | -16.8% |
| Amounts payable | 17/49 | €52,397 | €55,082 | +€2,685 | +5.1% |
| Amounts payable after more than one year | 17 | €23,260 | €23,260 | = | 0.0% |
| Financial debts | 170/4 | €23,260 | €23,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,137 | €31,822 | +€2,685 | +9.2% |
| Trade debts | 44 | €4,738 | €917 | -€3,821 | -80.6% |
| Suppliers | 440/4 | €4,738 | €917 | -€3,821 | -80.6% |
| Other amounts payable | 47/48 | €24,399 | €30,905 | +€6,506 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €2,385 | -€1,429 | -37.5% |
| Other operating charges | 640/8 | €555 | €546 | -€9 | -1.7% |
| Gross operating margin | 9900 | -€6,506 | -€4,317 | +€2,188 | +33.6% |
| Operating profit (loss) | 9901 | -€10,874 | -€7,248 | +€3,626 | +33.3% |
| Financial income | 75/76B | - | €451 | +€451 | |
| Recurring financial income | 75 | - | €451 | +€451 | |
| Financial charges | 65/66B | €54 | €45 | -€9 | -17.1% |
| Recurring financial charges | 65 | €54 | €45 | -€9 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,928 | -€6,841 | +€4,087 | +37.4% |
| Profit (loss) for the period | 9904 | -€10,928 | -€6,841 | +€4,087 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,928 | -€6,841 | +€4,087 | +37.4% |
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 16 October 2026 via checked.be.