ZKC: what changed
Two fiscal 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.
ZKC
Largest movements
- Receivables within one year +€175,232
up €175,232 (+179.2%), from €97,777 to €273,009
of which Trade receivables: +€179,425
- Tangible fixed assets -€11,302
down €11,302 (-24.2%), from €46,663 to €35,361
of which Furniture and vehicles: -€9,433
- Cash +€4,040
up €4,040 (+221.8%), from €1,821 to €5,861
mainly Net result for the year (+€148,047) and Tax, wage and social debts (+€28,110)
- Profit (loss) carried forward +€148,047
up €148,047 (+143.9%), from €102,893 to €250,940
- Tax, wage and social debts +€28,110
up €28,110 (+338.4%), from €8,307 to €36,418
- Debts after one year -€6,420
down €6,420 (-25.3%), from €25,350 to €18,930
- Short-term financial debts -€3,471
down €3,471 (-100.0%), from €3,471 to €0
- Gross operating margin +€249,489
up €249,489, from -€67,998 to €181,491
- Taxes +€17,832
up €17,832 (+5755.9%), from €310 to €18,142
- Financial income -€10,411
down €10,411 (-89.2%), from €11,676 to €1,264
- Depreciation +€5,276
up €5,276 (+87.6%), from €6,026 to €11,302
- Other operating charges -€2,763
down €2,763 (-54.0%), from €5,118 to €2,355
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.
Cash bridge derived
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 | €147,267 | €315,264 | +€167,997 | +114.1% |
| Fixed assets | 21/28 | €46,663 | €35,361 | -€11,302 | -24.2% |
| Tangible fixed assets | 22/27 | €46,663 | €35,361 | -€11,302 | -24.2% |
| Furniture and vehicles | 24 | €42,259 | €32,826 | -€9,433 | -22.3% |
| Other tangible fixed assets | 26 | €4,404 | €2,535 | -€1,869 | -42.4% |
| Current assets | 29/58 | €100,604 | €279,903 | +€179,299 | +178.2% |
| Amounts receivable within one year | 40/41 | €97,777 | €273,009 | +€175,232 | +179.2% |
| Trade receivables | 40 | €20,225 | €199,650 | +€179,425 | +887.1% |
| Other amounts receivable | 41 | €77,552 | €73,359 | -€4,193 | -5.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,821 | €5,861 | +€4,040 | +221.8% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,033 | +€28 | +2.7% |
| Total equity and liabilities | 10/49 | €147,267 | €315,264 | +€167,997 | +114.1% |
| Equity | 10/15 | €103,893 | €251,940 | +€148,047 | +142.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,893 | €250,940 | +€148,047 | +143.9% |
| Amounts payable | 17/49 | €43,374 | €63,324 | +€19,950 | +46.0% |
| Amounts payable after more than one year | 17 | €25,350 | €18,930 | -€6,420 | -25.3% |
| Financial debts | 170/4 | €25,350 | €18,930 | -€6,420 | -25.3% |
| Amounts payable within one year | 42/48 | €18,023 | €44,144 | +€26,120 | +144.9% |
| Current portion of amounts payable after more than one year | 42 | €6,188 | €6,420 | +€233 | +3.8% |
| Financial debts | 43 | €3,471 | €0 | -€3,471 | -100.0% |
| Credit institutions | 430/8 | €3,471 | €0 | -€3,471 | -100.0% |
| Trade debts | 44 | €57 | €1,306 | +€1,248 | +2181.3% |
| Suppliers | 440/4 | €57 | €1,306 | +€1,248 | +2181.3% |
| Taxes, remuneration and social security | 45 | €8,307 | €36,418 | +€28,110 | +338.4% |
| Taxes | 450/3 | €8,307 | €36,418 | +€28,110 | +338.4% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,026 | €11,302 | +€5,276 | +87.6% |
| Other operating charges | 640/8 | €5,118 | €2,355 | -€2,763 | -54.0% |
| Gross operating margin | 9900 | -€67,998 | €181,491 | +€249,489 | |
| Operating profit (loss) | 9901 | -€79,142 | €167,834 | +€246,976 | |
| Financial income | 75/76B | €11,676 | €1,264 | -€10,411 | -89.2% |
| Recurring financial income | 75 | €11,676 | €1,264 | -€10,411 | -89.2% |
| Financial charges | 65/66B | €3,385 | €2,909 | -€476 | -14.1% |
| Recurring financial charges | 65 | €3,385 | €2,909 | -€476 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€70,852 | €166,189 | +€237,041 | |
| Income taxes | 67/77 | €310 | €18,142 | +€17,832 | +5755.9% |
| Profit (loss) for the period | 9904 | -€71,161 | €148,047 | +€219,209 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,161 | €148,047 | +€219,209 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.