ZN PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€29,886
up €29,886 (+355%), from €8,410 to €38,295
- Cash +€24,869
up €24,869 (+80.8%), from €30,788 to €55,657
mainly Net result for the year (+€45,270) and Tax, wage and social debts (+€9,162)
- Profit (loss) carried forward +€45,270
up €45,270 (+247%), from €18,316 to €63,586
- Tax, wage and social debts +€9,162
up €9,162 (+53.6%), from €17,077 to €26,238
of which Taxes: +€11,912
- Gross operating margin +€33,785
up €33,785 (+143%), from €23,630 to €57,416
- Taxes +€7,028
up €7,028 (+146%), from €4,806 to €11,833
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 | €40,034 | €95,318 | +€55,284 | +138% |
| Current assets | 29/58 | €40,034 | €95,318 | +€55,284 | +138% |
| Amounts receivable within one year | 40/41 | €8,410 | €38,295 | +€29,886 | +355% |
| Trade receivables | 40 | €8,410 | €38,295 | +€29,886 | +355% |
| Cash at bank and in hand | 54/58 | €30,788 | €55,657 | +€24,869 | +80.8% |
| Deferred charges and accrued income | 490/1 | €837 | €1,367 | +€530 | +63.4% |
| Total equity and liabilities | 10/49 | €40,034 | €95,318 | +€55,284 | +138% |
| Equity | 10/15 | €22,316 | €67,586 | +€45,270 | +203% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,316 | €63,586 | +€45,270 | +247% |
| Amounts payable | 17/49 | €17,718 | €27,732 | +€10,014 | +56.5% |
| Amounts payable within one year | 42/48 | €17,718 | €27,732 | +€10,014 | +56.5% |
| Trade debts | 44 | €90 | - | -€90 | |
| Suppliers | 440/4 | €90 | - | -€90 | |
| Taxes, remuneration and social security | 45 | €17,077 | €26,238 | +€9,162 | +53.6% |
| Taxes | 450/3 | €14,327 | €26,238 | +€11,912 | +83.1% |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Other amounts payable | 47/48 | €551 | €1,494 | +€943 | +171% |
| Other operating charges | 640/8 | €456 | €198 | -€258 | -56.5% |
| Gross operating margin | 9900 | €23,630 | €57,416 | +€33,785 | +143% |
| Operating profit (loss) | 9901 | €23,174 | €57,218 | +€34,043 | +147% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €53 | €114 | +€62 | +117% |
| Recurring financial charges | 65 | €53 | €114 | +€62 | +117% |
| Profit (loss) for the period before taxes | 9903 | €23,122 | €57,103 | +€33,982 | +147% |
| Income taxes | 67/77 | €4,806 | €11,833 | +€7,028 | +146% |
| Profit (loss) for the period | 9904 | €18,316 | €45,270 | +€26,954 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €18,316 | €45,270 | +€26,954 | +147% |
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 14 October 2026 via checked.be.