ZJ RECORDS: 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.
ZJ RECORDS
Largest movements
- Receivables within one year -€2,450
down €2,450 (-79.2%), from €3,092 to €643
of which Trade receivables: -€1,241
- Cash +€886
up €886 (+215%), from €412 to €1,298
mainly Receivables within one year (+€2,450) and Depreciation (+€527)
- Tangible fixed assets -€527
down €527 (-41.9%), from €1,257 to €730
- Trade debts -€1,743
down €1,743 (-58.1%), from €3,001 to €1,258
- Profit (loss) carried forward -€654
down €654 (-6.3%), from -€10,354 to -€11,008
- Tax, wage and social debts +€421
up €421, from €0 to €421
- Other debts -€115
no longer reported in 2025 (was €115)
- Depreciation +€233
up €233 (+79.4%), from €294 to €527
- Financial charges +€38
up €38 (+57.3%), from €66 to €103
- Gross operating margin -€36
down €36 (-8.3%), from €438 to €402
- Other operating charges +€12
up €12 (+3.0%), from €412 to €425
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 | €4,762 | €2,671 | -€2,091 | -43.9% |
| Fixed assets | 21/28 | €1,257 | €730 | -€527 | -41.9% |
| Tangible fixed assets | 22/27 | €1,257 | €730 | -€527 | -41.9% |
| Furniture and vehicles | 24 | €1,257 | €730 | -€527 | -41.9% |
| Current assets | 29/58 | €3,504 | €1,941 | -€1,563 | -44.6% |
| Amounts receivable within one year | 40/41 | €3,092 | €643 | -€2,450 | -79.2% |
| Trade receivables | 40 | €1,876 | €635 | -€1,241 | -66.1% |
| Other amounts receivable | 41 | €1,216 | €8 | -€1,208 | -99.4% |
| Cash at bank and in hand | 54/58 | €412 | €1,298 | +€886 | +215% |
| Total equity and liabilities | 10/49 | €4,762 | €2,671 | -€2,091 | -43.9% |
| Equity | 10/15 | -€5,354 | -€6,008 | -€654 | -12.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,354 | -€11,008 | -€654 | -6.3% |
| Amounts payable | 17/49 | €10,116 | €8,679 | -€1,437 | -14.2% |
| Amounts payable after more than one year | 17 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 178/9 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,116 | €1,679 | -€1,437 | -46.1% |
| Trade debts | 44 | €3,001 | €1,258 | -€1,743 | -58.1% |
| Suppliers | 440/4 | €3,001 | €1,258 | -€1,743 | -58.1% |
| Taxes, remuneration and social security | 45 | €0 | €421 | +€421 | |
| Taxes | 450/3 | €0 | €421 | +€421 | |
| Other amounts payable | 47/48 | €115 | - | -€115 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €527 | +€233 | +79.4% |
| Other operating charges | 640/8 | €412 | €425 | +€12 | +3.0% |
| Gross operating margin | 9900 | €438 | €402 | -€36 | -8.3% |
| Operating profit (loss) | 9901 | -€268 | -€551 | -€282 | -105% |
| Financial charges | 65/66B | €66 | €103 | +€38 | +57.3% |
| Recurring financial charges | 65 | €66 | €103 | +€38 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | -€334 | -€654 | -€320 | -95.8% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€334 | -€654 | -€320 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€334 | -€654 | -€320 | -95.8% |
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 1 November 2026 via checked.be.