ZNB: 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.
ZNB
Largest movements
- Tangible fixed assets +€2,093
up €2,093 (+904.3%), from €231 to €2,324
of which Other tangible fixed assets: +€2,324
- Cash +€1,719
up €1,719 (+79.0%), from €2,177 to €3,896
mainly Receivables within one year (+€1,669) and Tax, wage and social debts (+€1,420)
- Receivables within one year -€1,669
down €1,669 (-99.3%), from €1,680 to €11
- Stocks and contracts +€245
up €245 (+29.4%), from €833 to €1,078
- Deferred charges and accrued income -€106
down €106 (-100.0%), from €106 to €0
- Tax, wage and social debts +€1,420
new in 2025: €1,420
- Profit (loss) carried forward +€753
up €753 (+4.5%), from -€16,736 to -€15,984
- Gross operating margin -€2,097
down €2,097 (-56.8%), from €3,690 to €1,593
- Staff costs -€1,520
down €1,520 (-100.0%), from €1,520 to €0
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 | €5,028 | €7,310 | +€2,282 | +45.4% |
| Fixed assets | 21/28 | €231 | €2,324 | +€2,093 | +904.3% |
| Tangible fixed assets | 22/27 | €231 | €2,324 | +€2,093 | +904.3% |
| Furniture and vehicles | 24 | €231 | €0 | -€231 | -100.0% |
| Other tangible fixed assets | 26 | - | €2,324 | +€2,324 | |
| Current assets | 29/58 | €4,797 | €4,986 | +€189 | +3.9% |
| Stocks and contracts in progress | 3 | €833 | €1,078 | +€245 | +29.4% |
| Stocks | 30/36 | €833 | €1,078 | +€245 | +29.4% |
| Amounts receivable within one year | 40/41 | €1,680 | €11 | -€1,669 | -99.3% |
| Trade receivables | 40 | €1,680 | €11 | -€1,669 | -99.3% |
| Cash at bank and in hand | 54/58 | €2,177 | €3,896 | +€1,719 | +79.0% |
| Deferred charges and accrued income | 490/1 | €106 | €0 | -€106 | -100.0% |
| Total equity and liabilities | 10/49 | €5,028 | €7,310 | +€2,282 | +45.4% |
| Equity | 10/15 | €1,864 | €2,616 | +€753 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,736 | -€15,984 | +€753 | +4.5% |
| Amounts payable | 17/49 | €3,165 | €4,693 | +€1,529 | +48.3% |
| Amounts payable within one year | 42/48 | €3,165 | €4,693 | +€1,529 | +48.3% |
| Trade debts | 44 | - | €44 | +€44 | |
| Suppliers | 440/4 | - | €44 | +€44 | |
| Taxes, remuneration and social security | 45 | - | €1,420 | +€1,420 | |
| Taxes | 450/3 | - | €1,420 | +€1,420 | |
| Other amounts payable | 47/48 | €3,165 | €3,229 | +€65 | +2.1% |
| Remuneration, social security and pensions | 62 | €1,520 | €0 | -€1,520 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231 | €239 | +€8 | +3.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €3,690 | €1,593 | -€2,097 | -56.8% |
| Operating profit (loss) | 9901 | €1,433 | €834 | -€599 | -41.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €64 | €81 | +€17 | +26.3% |
| Recurring financial charges | 65 | €64 | €81 | +€17 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €1,368 | €753 | -€616 | -45.0% |
| Profit (loss) for the period | 9904 | €1,368 | €753 | -€616 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,368 | €753 | -€616 | -45.0% |
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 5 October 2026 via checked.be.