ZN EVENTS: 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.
ZN EVENTS
Largest movements
- Cash +€31,859
up €31,859 (+123%), from €26,004 to €57,863
mainly Net result for the year (+€20,065) and Depreciation (+€12,605)
- Tangible fixed assets -€11,127
down €11,127 (-33.8%), from €32,954 to €21,827
of which Furniture and vehicles: -€6,944
- Receivables within one year +€6,536
up €6,536 (+99.3%), from €6,584 to €13,119
of which Other amounts receivable: +€10,158
- Reserves +€20,000
up €20,000 (+41.2%), from €48,500 to €68,500
- Other debts -€12,893
down €12,893 (-100%), from €12,893 to €0
- Tax, wage and social debts +€11,114
up €11,114 (+35.4%), from €31,351 to €42,465
of which Remuneration and social security: +€7,812
- Trade debts +€5,733
up €5,733 (+111%), from €5,162 to €10,896
- Staff costs -€10,790
down €10,790 (-9.2%), from €117,814 to €107,024
- Taxes +€4,499
up €4,499 (+130%), from €3,462 to €7,961
- Depreciation -€3,516
down €3,516 (-21.8%), from €16,121 to €12,605
- Gross operating margin +€2,662
up €2,662 (+1.7%), from €152,892 to €155,554
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 | €109,858 | €133,877 | +€24,019 | +21.9% |
| Fixed assets | 21/28 | €62,589 | €50,262 | -€12,327 | -19.7% |
| Tangible fixed assets | 22/27 | €32,954 | €21,827 | -€11,127 | -33.8% |
| Plant, machinery and equipment | 23 | €15,520 | €11,937 | -€3,583 | -23.1% |
| Furniture and vehicles | 24 | €16,014 | €9,070 | -€6,944 | -43.4% |
| Other tangible fixed assets | 26 | €1,420 | €820 | -€600 | -42.2% |
| Financial fixed assets | 28 | €29,635 | €28,435 | -€1,200 | -4.0% |
| Current assets | 29/58 | €47,269 | €83,615 | +€36,346 | +76.9% |
| Stocks and contracts in progress | 3 | €13,358 | €12,633 | -€725 | -5.4% |
| Stocks | 30/36 | €13,358 | €12,633 | -€725 | -5.4% |
| Amounts receivable within one year | 40/41 | €6,584 | €13,119 | +€6,536 | +99.3% |
| Trade receivables | 40 | €5,007 | €1,384 | -€3,623 | -72.4% |
| Other amounts receivable | 41 | €1,577 | €11,735 | +€10,158 | +644% |
| Cash at bank and in hand | 54/58 | €26,004 | €57,863 | +€31,859 | +123% |
| Deferred charges and accrued income | 490/1 | €1,323 | €0 | -€1,323 | -100% |
| Total equity and liabilities | 10/49 | €109,858 | €133,877 | +€24,019 | +21.9% |
| Equity | 10/15 | €60,452 | €80,517 | +€20,065 | +33.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €48,500 | €68,500 | +€20,000 | +41.2% |
| Distributable reserves | 133 | €48,500 | €68,500 | +€20,000 | +41.2% |
| Profit (loss) carried forward | 14 | €6,952 | €7,017 | +€65 | +0.9% |
| Amounts payable | 17/49 | €49,406 | €53,361 | +€3,954 | +8.0% |
| Amounts payable within one year | 42/48 | €49,406 | €53,361 | +€3,954 | +8.0% |
| Trade debts | 44 | €5,162 | €10,896 | +€5,733 | +111% |
| Suppliers | 440/4 | €5,162 | €10,896 | +€5,733 | +111% |
| Taxes, remuneration and social security | 45 | €31,351 | €42,465 | +€11,114 | +35.4% |
| Taxes | 450/3 | €12,891 | €16,193 | +€3,302 | +25.6% |
| Remuneration and social security | 454/9 | €18,460 | €26,272 | +€7,812 | +42.3% |
| Other amounts payable | 47/48 | €12,893 | €0 | -€12,893 | -100% |
| Remuneration, social security and pensions | 62 | €117,814 | €107,024 | -€10,790 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,121 | €12,605 | -€3,516 | -21.8% |
| Other operating charges | 640/8 | - | €632 | +€632 | |
| Gross operating margin | 9900 | €152,892 | €155,554 | +€2,662 | +1.7% |
| Operating profit (loss) | 9901 | €18,957 | €35,294 | +€16,337 | +86.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,646 | €7,268 | +€623 | +9.4% |
| Recurring financial charges | 65 | €6,646 | €7,268 | +€623 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €12,311 | €28,026 | +€15,714 | +128% |
| Income taxes | 67/77 | €3,462 | €7,961 | +€4,499 | +130% |
| Profit (loss) for the period | 9904 | €8,849 | €20,065 | +€11,215 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €8,849 | €20,065 | +€11,215 | +127% |
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 26 October 2026 via checked.be.