Zn-HOLDING: 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-HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.9m
down €1.9m (-97.5%), from €2.0m to €50,000
- Gross operating margin +€25,757
up €25,757, from -€25,548 to €209
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 | €5,008,587 | €5,073,396 | +€64,809 | +1.3% |
| Fixed assets | 21/28 | €4,072,417 | €4,072,895 | +€478 | 0.0% |
| Financial fixed assets | 28 | €4,072,417 | €4,072,895 | +€478 | 0.0% |
| Current assets | 29/58 | €936,170 | €1,000,501 | +€64,331 | +6.9% |
| Amounts receivable within one year | 40/41 | €134,949 | €165,527 | +€30,578 | +22.7% |
| Trade receivables | 40 | - | €32,126 | +€32,126 | |
| Other amounts receivable | 41 | €134,949 | €133,401 | -€1,547 | -1.1% |
| Current investments | 50/53 | €800,789 | €800,789 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €432 | €34,185 | +€33,753 | +7,809% |
| Total equity and liabilities | 10/49 | €5,008,587 | €5,073,396 | +€64,809 | +1.3% |
| Equity | 10/15 | €5,008,587 | €5,058,512 | +€49,925 | +1.0% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €1,150,000 | €1,150,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €950,789 | €950,789 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Own shares acquired | 1312 | €800,789 | €800,789 | = | 0.0% |
| Distributable reserves | 133 | €199,211 | €199,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,358,587 | €2,408,512 | +€49,925 | +2.1% |
| Amounts payable | 17/49 | - | €14,884 | +€14,884 | |
| Amounts payable within one year | 42/48 | - | €14,884 | +€14,884 | |
| Trade debts | 44 | - | €14,863 | +€14,863 | |
| Suppliers | 440/4 | - | €14,863 | +€14,863 | |
| Taxes, remuneration and social security | 45 | - | €21 | +€21 | |
| Taxes | 450/3 | - | €21 | +€21 | |
| Other operating charges | 640/8 | €251 | €254 | +€4 | +1.4% |
| Gross operating margin | 9900 | -€25,548 | €209 | +€25,757 | |
| Operating profit (loss) | 9901 | -€25,799 | -€45 | +€25,754 | +99.8% |
| Financial income | 75/76B | €1,984,491 | €50,000 | -€1.9m | -97.5% |
| Recurring financial income | 75 | €1,984,491 | €50,000 | -€1.9m | -97.5% |
| Financial charges | 65/66B | €74 | €30 | -€44 | -59.7% |
| Recurring financial charges | 65 | €74 | €30 | -€44 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €1,958,617 | €49,925 | -€1.9m | -97.5% |
| Profit (loss) for the period | 9904 | €1,958,617 | €49,925 | -€1.9m | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,958,617 | €49,925 | -€1.9m | -97.5% |
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 30 October 2026 via checked.be.