ZIZUN: 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.
ZIZUN
Largest movements
- Tangible fixed assets +€33,114
up €33,114 (+54.9%), from €60,277 to €93,391
of which Furniture and vehicles: +€35,983
- Cash -€15,372
down €15,372 (-16.6%), from €92,670 to €77,299
mainly Investment in fixed assets (net) (-€59,740) and Debts after one year (-€23,735)
- Receivables within one year +€11,605
up €11,605 (+149%), from €7,789 to €19,394
- Intangible fixed assets -€3,202
down €3,202 (-40.5%), from €7,896 to €4,694
- Reserves +€38,324
up €38,324 (+106%), from €36,082 to €74,406
- Debts after one year -€23,735
down €23,735 (-38.1%), from €62,236 to €38,501
- Tax, wage and social debts +€5,107
up €5,107 (+11.5%), from €44,527 to €49,635
of which Taxes: +€8,441
- Trade debts +€4,606
up €4,606 (+87.5%), from €5,261 to €9,868
- Gross operating margin +€43,325
up €43,325 (+21.7%), from €199,296 to €242,621
- Taxes +€11,980
up €11,980 (+191%), from €6,287 to €18,267
- Depreciation +€9,472
up €9,472 (+46.5%), from €20,355 to €29,828
- Financial charges -€7,383
down €7,383 (-70.8%), from €10,422 to €3,038
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 | €192,081 | €216,444 | +€24,363 | +12.7% |
| Fixed assets | 21/28 | €68,172 | €98,085 | +€29,912 | +43.9% |
| Intangible fixed assets | 21 | €7,896 | €4,694 | -€3,202 | -40.5% |
| Tangible fixed assets | 22/27 | €60,277 | €93,391 | +€33,114 | +54.9% |
| Plant, machinery and equipment | 23 | €38,410 | €40,575 | +€2,165 | +5.6% |
| Furniture and vehicles | 24 | €1,042 | €37,025 | +€35,983 | +3,454% |
| Leasing and similar rights | 25 | €20,825 | €15,791 | -€5,034 | -24.2% |
| Current assets | 29/58 | €123,909 | €118,359 | -€5,549 | -4.5% |
| Stocks and contracts in progress | 3 | €23,449 | €21,666 | -€1,783 | -7.6% |
| Stocks | 30/36 | €23,449 | €21,666 | -€1,783 | -7.6% |
| Amounts receivable within one year | 40/41 | €7,789 | €19,394 | +€11,605 | +149% |
| Trade receivables | 40 | €7,789 | €19,394 | +€11,605 | +149% |
| Cash at bank and in hand | 54/58 | €92,670 | €77,299 | -€15,372 | -16.6% |
| Total equity and liabilities | 10/49 | €192,081 | €216,444 | +€24,363 | +12.7% |
| Equity | 10/15 | €56,382 | €94,706 | +€38,324 | +68.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,082 | €74,406 | +€38,324 | +106% |
| Distributable reserves | 133 | €36,082 | €74,406 | +€38,324 | +106% |
| Profit (loss) carried forward | 14 | €300 | €300 | = | 0.0% |
| Amounts payable | 17/49 | €135,699 | €121,738 | -€13,961 | -10.3% |
| Amounts payable after more than one year | 17 | €62,236 | €38,501 | -€23,735 | -38.1% |
| Financial debts | 170/4 | €62,236 | €38,501 | -€23,735 | -38.1% |
| Amounts payable within one year | 42/48 | €73,463 | €83,237 | +€9,774 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €10,432 | €10,912 | +€480 | +4.6% |
| Financial debts | 43 | €12,602 | €12,823 | +€221 | +1.8% |
| Credit institutions | 430/8 | €12,602 | €12,823 | +€221 | +1.8% |
| Trade debts | 44 | €5,261 | €9,868 | +€4,606 | +87.5% |
| Suppliers | 440/4 | €5,261 | €9,868 | +€4,606 | +87.5% |
| Taxes, remuneration and social security | 45 | €44,527 | €49,635 | +€5,107 | +11.5% |
| Taxes | 450/3 | €20,863 | €29,304 | +€8,441 | +40.5% |
| Remuneration and social security | 454/9 | €23,665 | €20,331 | -€3,334 | -14.1% |
| Other amounts payable | 47/48 | €641 | - | -€641 | |
| Remuneration, social security and pensions | 62 | €151,534 | €152,095 | +€561 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,355 | €29,828 | +€9,472 | +46.5% |
| Other operating charges | 640/8 | €1,676 | €1,365 | -€310 | -18.5% |
| Gross operating margin | 9900 | €199,296 | €242,621 | +€43,325 | +21.7% |
| Operating profit (loss) | 9901 | €25,731 | €59,333 | +€33,602 | +131% |
| Financial income | 75/76B | €2,600 | €297 | -€2,303 | -88.6% |
| Recurring financial income | 75 | €2,600 | €297 | -€2,303 | -88.6% |
| Financial charges | 65/66B | €10,422 | €3,038 | -€7,383 | -70.8% |
| Recurring financial charges | 65 | €10,422 | €3,038 | -€7,383 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €17,910 | €56,591 | +€38,681 | +216% |
| Income taxes | 67/77 | €6,287 | €18,267 | +€11,980 | +191% |
| Profit (loss) for the period | 9904 | €11,623 | €38,324 | +€26,702 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €11,623 | €38,324 | +€26,702 | +230% |
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 26 October 2026 via checked.be.