ZJSJ: 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.
ZJSJ
Largest movements
- Cash +€187,536
up €187,536 (+152%), from €123,215 to €310,750
mainly Net result for the year (+€257,705) and Tax, wage and social debts (+€64,376)
- Profit (loss) carried forward +€257,705
up €257,705 (+76.7%), from €335,896 to €593,601
- Other debts -€115,823
down €115,823 (-91.6%), from €126,433 to €10,610
- Tax, wage and social debts +€64,376
up €64,376 (+94.8%), from €67,909 to €132,285
- Debts after one year -€29,051
down €29,051 (-3.9%), from €747,429 to €718,377
of which Financial debts: -€29,051
- Gross operating margin +€188,904
up €188,904 (+77.3%), from €244,280 to €433,184
- Taxes +€64,411
up €64,411 (+174%), from €37,020 to €101,432
- Depreciation -€12,735
down €12,735 (-18.2%), from €69,953 to €57,218
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 | €1,341,176 | €1,516,284 | +€175,109 | +13.1% |
| Fixed assets | 21/28 | €1,156,528 | €1,145,034 | -€11,494 | -1.0% |
| Tangible fixed assets | 22/27 | €1,156,528 | €1,145,034 | -€11,494 | -1.0% |
| Land and buildings | 22 | €1,156,528 | €1,145,034 | -€11,494 | -1.0% |
| Current assets | 29/58 | €184,648 | €371,250 | +€186,603 | +101% |
| Amounts receivable within one year | 40/41 | €61,433 | €60,500 | -€933 | -1.5% |
| Trade receivables | 40 | €61,032 | €60,500 | -€532 | -0.9% |
| Other amounts receivable | 41 | €401 | - | -€401 | |
| Cash at bank and in hand | 54/58 | €123,215 | €310,750 | +€187,536 | +152% |
| Total equity and liabilities | 10/49 | €1,341,176 | €1,516,284 | +€175,109 | +13.1% |
| Equity | 10/15 | €358,253 | €615,958 | +€257,705 | +71.9% |
| Contributions | 10/11 | €17,684 | €17,684 | = | 0.0% |
| Reserves | 13 | €4,673 | €4,673 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,772 | €2,772 | = | 0.0% |
| Distributable reserves | 133 | €1,901 | €1,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,896 | €593,601 | +€257,705 | +76.7% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €980,423 | €897,827 | -€82,596 | -8.4% |
| Amounts payable after more than one year | 17 | €747,429 | €718,377 | -€29,051 | -3.9% |
| Financial debts | 170/4 | €128,496 | €99,445 | -€29,051 | -22.6% |
| Other amounts payable | 178/9 | €618,933 | €618,933 | = | 0.0% |
| Amounts payable within one year | 42/48 | €232,994 | €179,449 | -€53,545 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €38,315 | €29,051 | -€9,263 | -24.2% |
| Trade debts | 44 | €338 | €7,503 | +€7,165 | +2,120% |
| Suppliers | 440/4 | €338 | €7,503 | +€7,165 | +2,120% |
| Taxes, remuneration and social security | 45 | €67,909 | €132,285 | +€64,376 | +94.8% |
| Taxes | 450/3 | €67,909 | €132,285 | +€64,376 | +94.8% |
| Other amounts payable | 47/48 | €126,433 | €10,610 | -€115,823 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,953 | €57,218 | -€12,735 | -18.2% |
| Other operating charges | 640/8 | €12,571 | €11,933 | -€638 | -5.1% |
| Gross operating margin | 9900 | €244,280 | €433,184 | +€188,904 | +77.3% |
| Operating profit (loss) | 9901 | €161,757 | €364,033 | +€202,276 | +125% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,853 | €4,896 | -€1,956 | -28.5% |
| Recurring financial charges | 65 | €6,853 | €4,896 | -€1,956 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €154,904 | €359,137 | +€204,233 | +132% |
| Income taxes | 67/77 | €37,020 | €101,432 | +€64,411 | +174% |
| Profit (loss) for the period | 9904 | €117,884 | €257,705 | +€139,821 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €117,884 | €257,705 | +€139,821 | +119% |
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 18 October 2026 via checked.be.