zkBlock: 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.
zkBlock
Largest movements
- Receivables within one year -€12,255
down €12,255 (-4.5%), from €274,282 to €262,027
of which Other amounts receivable: -€11,720
- Tangible fixed assets -€11,118
down €11,118 (-20.6%), from €54,102 to €42,984
- Cash +€3,467
up €3,467 (+57.0%), from €6,080 to €9,547
mainly Receivables within one year (+€12,255) and Depreciation (+€11,118)
- Tax, wage and social debts -€11,085
no longer reported in 2025 (was €11,085)
- Accrued charges and deferred income -€4,156
down €4,156 (-93.3%), from €4,453 to €297
- Reserves -€3,662
down €3,662 (-4.7%), from €78,358 to €74,696
- Financial income -€55,322
down €55,322 (-68.8%), from €80,357 to €25,035
- Financial charges -€14,690
down €14,690 (-99.2%), from €14,810 to €120
of which Non-recurring financial charges: -€9,204
- Taxes -€11,085
no longer reported in 2025 (was €11,085)
- Depreciation +€9,630
up €9,630 (+647%), from €1,488 to €11,118
- Gross operating margin -€8,338
down €8,338 (-97.0%), from -€8,594 to -€16,932
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 | €336,001 | €315,998 | -€20,003 | -6.0% |
| Fixed assets | 21/28 | €54,102 | €42,984 | -€11,118 | -20.6% |
| Tangible fixed assets | 22/27 | €54,102 | €42,984 | -€11,118 | -20.6% |
| Furniture and vehicles | 24 | €54,102 | €42,984 | -€11,118 | -20.6% |
| Current assets | 29/58 | €281,899 | €273,014 | -€8,885 | -3.2% |
| Amounts receivable within one year | 40/41 | €274,282 | €262,027 | -€12,255 | -4.5% |
| Trade receivables | 40 | €535 | - | -€535 | |
| Other amounts receivable | 41 | €273,747 | €262,027 | -€11,720 | -4.3% |
| Cash at bank and in hand | 54/58 | €6,080 | €9,547 | +€3,467 | +57.0% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,440 | -€97 | -6.3% |
| Total equity and liabilities | 10/49 | €336,001 | €315,998 | -€20,003 | -6.0% |
| Equity | 10/15 | €98,358 | €94,696 | -€3,662 | -3.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,358 | €74,696 | -€3,662 | -4.7% |
| Distributable reserves | 133 | €78,358 | €74,696 | -€3,662 | -4.7% |
| Amounts payable | 17/49 | €237,643 | €221,302 | -€16,340 | -6.9% |
| Amounts payable within one year | 42/48 | €233,190 | €221,005 | -€12,185 | -5.2% |
| Trade debts | 44 | €378 | €83 | -€295 | -78.0% |
| Suppliers | 440/4 | €378 | €83 | -€295 | -78.0% |
| Taxes, remuneration and social security | 45 | €11,085 | - | -€11,085 | |
| Taxes | 450/3 | €11,085 | - | -€11,085 | |
| Other amounts payable | 47/48 | €221,727 | €220,922 | -€805 | -0.4% |
| Accrued charges and deferred income | 492/3 | €4,453 | €297 | -€4,156 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,488 | €11,118 | +€9,630 | +647% |
| Other operating charges | 640/8 | €126 | €527 | +€402 | +319% |
| Gross operating margin | 9900 | -€8,594 | -€16,932 | -€8,338 | -97.0% |
| Operating profit (loss) | 9901 | -€10,209 | -€28,578 | -€18,369 | -180% |
| Financial income | 75/76B | €80,357 | €25,035 | -€55,322 | -68.8% |
| Recurring financial income | 75 | €80,357 | €25,035 | -€55,322 | -68.8% |
| Financial charges | 65/66B | €14,810 | €120 | -€14,690 | -99.2% |
| Recurring financial charges | 65 | €5,607 | €120 | -€5,487 | -97.9% |
| Non-recurring financial charges | 66B | €9,204 | - | -€9,204 | |
| Profit (loss) for the period before taxes | 9903 | €55,339 | -€3,662 | -€59,001 | |
| Income taxes | 67/77 | €11,085 | - | -€11,085 | |
| Profit (loss) for the period | 9904 | €44,254 | -€3,662 | -€47,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,254 | -€3,662 | -€47,916 |
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 15 October 2026 via checked.be.