ZLABS: 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.
ZLABS
Largest movements
- Cash -€49,563
down €49,563 (-54.9%), from €90,287 to €40,724
mainly Contributions, distributions and other (-€79,559) and Tax, wage and social debts (-€12,032)
- Receivables within one year -€11,622
down €11,622 (-36.9%), from €31,534 to €19,911
of which Other amounts receivable: -€13,180
- Tangible fixed assets +€2,520
up €2,520 (+103.7%), from €2,431 to €4,951
of which Plant, machinery and equipment: +€3,596
- Reserves -€62,959
down €62,959 (-90.0%), from €69,968 to €7,010
of which Distributable reserves: -€61,099
- Other debts +€27,758
new in 2025: €27,758
- Contributions -€16,600
down €16,600 (-89.2%), from €18,600 to €2,000
- Tax, wage and social debts -€12,032
down €12,032 (-35.4%), from €33,977 to €21,945
- Profit (loss) carried forward +€5,048
up €5,048, from €0 to €5,048
- Gross operating margin -€54,896
down €54,896 (-85.4%), from €64,253 to €9,357
- Taxes -€16,502
down €16,502 (-92.3%), from €17,873 to €1,372
- Financial income -€1,207
down €1,207 (-91.4%), from €1,321 to €113
- Depreciation +€678
up €678 (+40.1%), from €1,691 to €2,368
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 | €124,251 | €65,586 | -€58,665 | -47.2% |
| Fixed assets | 21/28 | €2,431 | €4,951 | +€2,520 | +103.7% |
| Tangible fixed assets | 22/27 | €2,431 | €4,951 | +€2,520 | +103.7% |
| Plant, machinery and equipment | 23 | €1,310 | €4,907 | +€3,596 | +274.4% |
| Furniture and vehicles | 24 | €1,120 | €44 | -€1,076 | -96.0% |
| Current assets | 29/58 | €121,821 | €60,635 | -€61,185 | -50.2% |
| Amounts receivable within one year | 40/41 | €31,534 | €19,911 | -€11,622 | -36.9% |
| Trade receivables | 40 | €17,397 | €18,955 | +€1,558 | +9.0% |
| Other amounts receivable | 41 | €14,136 | €956 | -€13,180 | -93.2% |
| Cash at bank and in hand | 54/58 | €90,287 | €40,724 | -€49,563 | -54.9% |
| Total equity and liabilities | 10/49 | €124,251 | €65,586 | -€58,665 | -47.2% |
| Equity | 10/15 | €88,568 | €14,057 | -€74,511 | -84.1% |
| Contributions | 10/11 | €18,600 | €2,000 | -€16,600 | -89.2% |
| Reserves | 13 | €69,968 | €7,010 | -€62,959 | -90.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €68,108 | €7,010 | -€61,099 | -89.7% |
| Profit (loss) carried forward | 14 | €0 | €5,048 | +€5,048 | |
| Amounts payable | 17/49 | €35,683 | €51,529 | +€15,846 | +44.4% |
| Amounts payable within one year | 42/48 | €35,683 | €51,529 | +€15,846 | +44.4% |
| Trade debts | 44 | €1,705 | €1,826 | +€120 | +7.1% |
| Suppliers | 440/4 | €1,705 | €1,826 | +€120 | +7.1% |
| Taxes, remuneration and social security | 45 | €33,977 | €21,945 | -€12,032 | -35.4% |
| Taxes | 450/3 | €33,977 | €21,945 | -€12,032 | -35.4% |
| Other amounts payable | 47/48 | - | €27,758 | +€27,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €2,368 | +€678 | +40.1% |
| Other operating charges | 640/8 | €563 | €400 | -€163 | -29.0% |
| Gross operating margin | 9900 | €64,253 | €9,357 | -€54,896 | -85.4% |
| Operating profit (loss) | 9901 | €61,999 | €6,589 | -€55,411 | -89.4% |
| Financial income | 75/76B | €1,321 | €113 | -€1,207 | -91.4% |
| Recurring financial income | 75 | €1,321 | €113 | -€1,207 | -91.4% |
| Financial charges | 65/66B | €159 | €283 | +€124 | +78.1% |
| Recurring financial charges | 65 | €159 | €283 | +€124 | +78.1% |
| Profit (loss) for the period before taxes | 9903 | €63,161 | €6,419 | -€56,742 | -89.8% |
| Income taxes | 67/77 | €17,873 | €1,372 | -€16,502 | -92.3% |
| Profit (loss) for the period | 9904 | €45,288 | €5,048 | -€40,240 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,288 | €5,048 | -€40,240 | -88.9% |
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 10 October 2026 via checked.be.