ZIZ.ZEN: what changed
ZIZ.ZEN
Largest movements
- Cash -€3,345
down €3,345 (-35.3%), from €9,469 to €6,124
mainly Net result for the year (-€10,667) and Investment in fixed assets (net) (-€625)
- Stocks and contracts -€925
down €925 (-16.2%), from €5,693 to €4,768
- Deferred charges and accrued income +€509
new in 2025: €509
- Receivables within one year +€401
up €401 (+38.5%), from €1,042 to €1,443
of which Other amounts receivable: +€478
- Tangible fixed assets -€282
down €282 (-18.5%), from €1,522 to €1,240
of which Other tangible fixed assets: -€323
- Profit (loss) carried forward -€10,667
down €10,667 (-210%), from -€5,087 to -€15,754
- Other debts +€4,298
up €4,298 (+49.2%), from €8,734 to €13,032
- Trade debts +€2,932
up €2,932 (+126%), from €2,322 to €5,255
- Gross operating margin -€15,106
down €15,106 (-37.7%), from €40,098 to €24,992
- Staff costs -€2,734
down €2,734 (-7.4%), from €37,004 to €34,269
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,491 | €17,850 | -€3,641 | -16.9% |
| Fixed assets | 21/28 | €5,287 | €5,006 | -€282 | -5.3% |
| Tangible fixed assets | 22/27 | €1,522 | €1,240 | -€282 | -18.5% |
| Furniture and vehicles | 24 | €454 | €495 | +€41 | +9.0% |
| Other tangible fixed assets | 26 | €1,068 | €746 | -€323 | -30.2% |
| Financial fixed assets | 28 | €3,765 | €3,765 | = | 0.0% |
| Current assets | 29/58 | €16,204 | €12,844 | -€3,360 | -20.7% |
| Stocks and contracts in progress | 3 | €5,693 | €4,768 | -€925 | -16.2% |
| Stocks | 30/36 | €5,693 | €4,768 | -€925 | -16.2% |
| Amounts receivable within one year | 40/41 | €1,042 | €1,443 | +€401 | +38.5% |
| Trade receivables | 40 | €1,042 | €965 | -€77 | -7.4% |
| Other amounts receivable | 41 | €0 | €478 | +€478 | |
| Cash at bank and in hand | 54/58 | €9,469 | €6,124 | -€3,345 | -35.3% |
| Deferred charges and accrued income | 490/1 | - | €509 | +€509 | |
| Total equity and liabilities | 10/49 | €21,491 | €17,850 | -€3,641 | -16.9% |
| Equity | 10/15 | €1,113 | -€9,554 | -€10,667 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,087 | -€15,754 | -€10,667 | -210% |
| Amounts payable | 17/49 | €20,378 | €27,404 | +€7,025 | +34.5% |
| Amounts payable within one year | 42/48 | €20,378 | €27,404 | +€7,025 | +34.5% |
| Trade debts | 44 | €2,322 | €5,255 | +€2,932 | +126% |
| Suppliers | 440/4 | €2,322 | €5,255 | +€2,932 | +126% |
| Taxes, remuneration and social security | 45 | €9,322 | €9,117 | -€205 | -2.2% |
| Taxes | 450/3 | €6,441 | €2,890 | -€3,551 | -55.1% |
| Remuneration and social security | 454/9 | €2,881 | €6,227 | +€3,346 | +116% |
| Other amounts payable | 47/48 | €8,734 | €13,032 | +€4,298 | +49.2% |
| Remuneration, social security and pensions | 62 | €37,004 | €34,269 | -€2,734 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | €907 | -€71 | -7.2% |
| Other operating charges | 640/8 | €400 | €400 | +€0 | 0.0% |
| Gross operating margin | 9900 | €40,098 | €24,992 | -€15,106 | -37.7% |
| Operating profit (loss) | 9901 | €1,717 | -€10,584 | -€12,301 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -25.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -25.0% |
| Financial charges | 65/66B | €46 | €83 | +€37 | +81.1% |
| Recurring financial charges | 65 | €46 | €83 | +€37 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | €1,672 | -€10,667 | -€12,339 | |
| Income taxes | 67/77 | €137 | €0 | -€137 | -100% |
| Profit (loss) for the period | 9904 | €1,535 | -€10,667 | -€12,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,535 | -€10,667 | -€12,202 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.