ZLN TRANS: 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.
ZLN TRANS
Largest movements
- Receivables within one year +€51,907
up €51,907 (+202.3%), from €25,652 to €77,559
of which Trade receivables: +€35,125
- Cash +€7,814
up €7,814 (+29.5%), from €26,477 to €34,291
mainly Trade debts (+€32,847) and Advances received (+€15,400)
- Trade debts +€32,847
up €32,847 (+351.4%), from €9,347 to €42,194
- Advances received +€15,400
up €15,400 (+240.4%), from €6,407 to €21,807
- Profit (loss) carried forward +€10,505
up €10,505 (+41.4%), from €25,389 to €35,895
- Tax, wage and social debts +€2,346
up €2,346 (+27.4%), from €8,557 to €10,902
- Gross operating margin -€17,455
down €17,455 (-50.1%), from €34,873 to €17,418
- Taxes -€3,591
down €3,591 (-55.5%), from €6,464 to €2,874
- Other operating charges +€950
up €950 (+69.0%), from €1,376 to €2,326
- Financial charges +€868
up €868 (+52.8%), from €1,643 to €2,511
- Financial income +€797
up €797 (+7974800.0%), from €0 to €797
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 | €52,279 | €112,798 | +€60,519 | +115.8% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €52,129 | €112,648 | +€60,519 | +116.1% |
| Amounts receivable within one year | 40/41 | €25,652 | €77,559 | +€51,907 | +202.3% |
| Trade receivables | 40 | €24,617 | €59,742 | +€35,125 | +142.7% |
| Other amounts receivable | 41 | €1,036 | €17,818 | +€16,782 | +1620.2% |
| Cash at bank and in hand | 54/58 | €26,477 | €34,291 | +€7,814 | +29.5% |
| Deferred charges and accrued income | 490/1 | - | €797 | +€797 | |
| Total equity and liabilities | 10/49 | €52,279 | €112,798 | +€60,519 | +115.8% |
| Equity | 10/15 | €27,389 | €37,895 | +€10,505 | +38.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,389 | €35,895 | +€10,505 | +41.4% |
| Amounts payable | 17/49 | €24,890 | €74,903 | +€50,013 | +200.9% |
| Amounts payable within one year | 42/48 | €24,890 | €74,903 | +€50,013 | +200.9% |
| Trade debts | 44 | €9,347 | €42,194 | +€32,847 | +351.4% |
| Suppliers | 440/4 | €9,347 | €42,194 | +€32,847 | +351.4% |
| Advances received on contracts in progress | 46 | €6,407 | €21,807 | +€15,400 | +240.4% |
| Taxes, remuneration and social security | 45 | €8,557 | €10,902 | +€2,346 | +27.4% |
| Taxes | 450/3 | €8,557 | €10,902 | +€2,346 | +27.4% |
| Other amounts payable | 47/48 | €579 | - | -€579 | |
| Other operating charges | 640/8 | €1,376 | €2,326 | +€950 | +69.0% |
| Gross operating margin | 9900 | €34,873 | €17,418 | -€17,455 | -50.1% |
| Operating profit (loss) | 9901 | €33,497 | €15,092 | -€18,404 | -54.9% |
| Financial income | 75/76B | €0 | €797 | +€797 | +7974800.0% |
| Recurring financial income | 75 | €0 | €797 | +€797 | +7974800.0% |
| Financial charges | 65/66B | €1,643 | €2,511 | +€868 | +52.8% |
| Recurring financial charges | 65 | €1,643 | €2,511 | +€868 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €31,854 | €13,379 | -€18,475 | -58.0% |
| Income taxes | 67/77 | €6,464 | €2,874 | -€3,591 | -55.5% |
| Profit (loss) for the period | 9904 | €25,389 | €10,505 | -€14,884 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,389 | €10,505 | -€14,884 | -58.6% |
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 30 September 2026 via checked.be.