ZIYANI: 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.
ZIYANI
Largest movements
- Cash +€49,946
up €49,946 (+6.6%), from €753,690 to €803,636
mainly Other debts (+€97,932) and Net result for the year (+€63,143)
- Receivables within one year +€30,019
up €30,019 (+34.5%), from €87,049 to €117,068
of which Trade receivables: +€38,160
- Intangible fixed assets -€12,250
no longer reported in 2025 (was €12,250)
- Tangible fixed assets -€9,773
down €9,773 (-30.9%), from €31,589 to €21,816
- Other debts +€97,932
up €97,932 (+6,749%), from €1,451 to €99,383
- Reserves -€41,000
down €41,000 (-4.7%), from €863,360 to €822,360
- Depreciation -€8,575
down €8,575 (-27.1%), from €31,646 to €23,071
- Gross operating margin -€2,234
down €2,234 (-2.0%), from €113,847 to €111,613
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 | €885,127 | €942,874 | +€57,748 | +6.5% |
| Fixed assets | 21/28 | €44,194 | €22,171 | -€22,023 | -49.8% |
| Intangible fixed assets | 21 | €12,250 | - | -€12,250 | |
| Tangible fixed assets | 22/27 | €31,589 | €21,816 | -€9,773 | -30.9% |
| Furniture and vehicles | 24 | €31,589 | €21,816 | -€9,773 | -30.9% |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €840,932 | €920,704 | +€79,771 | +9.5% |
| Amounts receivable within one year | 40/41 | €87,049 | €117,068 | +€30,019 | +34.5% |
| Trade receivables | 40 | €47,550 | €85,710 | +€38,160 | +80.3% |
| Other amounts receivable | 41 | €39,499 | €31,358 | -€8,141 | -20.6% |
| Cash at bank and in hand | 54/58 | €753,690 | €803,636 | +€49,946 | +6.6% |
| Deferred charges and accrued income | 490/1 | €194 | - | -€194 | |
| Total equity and liabilities | 10/49 | €885,127 | €942,874 | +€57,748 | +6.5% |
| Equity | 10/15 | €878,481 | €836,791 | -€41,690 | -4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €863,360 | €822,360 | -€41,000 | -4.7% |
| Distributable reserves | 133 | €863,360 | €822,360 | -€41,000 | -4.7% |
| Profit (loss) carried forward | 14 | €2,721 | €2,031 | -€690 | -25.4% |
| Amounts payable | 17/49 | €6,646 | €106,084 | +€99,438 | +1,496% |
| Amounts payable within one year | 42/48 | €6,646 | €106,084 | +€99,438 | +1,496% |
| Trade debts | 44 | €4,937 | €6,451 | +€1,514 | +30.7% |
| Suppliers | 440/4 | €4,937 | €6,451 | +€1,514 | +30.7% |
| Taxes, remuneration and social security | 45 | €258 | €250 | -€8 | -3.0% |
| Taxes | 450/3 | €258 | €250 | -€8 | -3.0% |
| Other amounts payable | 47/48 | €1,451 | €99,383 | +€97,932 | +6,749% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,646 | €23,071 | -€8,575 | -27.1% |
| Other operating charges | 640/8 | €1,497 | €501 | -€995 | -66.5% |
| Gross operating margin | 9900 | €113,847 | €111,613 | -€2,234 | -2.0% |
| Operating profit (loss) | 9901 | €80,703 | €88,040 | +€7,336 | +9.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €80,658 | €87,995 | +€7,336 | +9.1% |
| Income taxes | 67/77 | €23,854 | €24,852 | +€998 | +4.2% |
| Profit (loss) for the period | 9904 | €56,805 | €63,143 | +€6,338 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,805 | €63,143 | +€6,338 | +11.2% |
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 25 October 2026 via checked.be.