ZNH IMMO: 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.
ZNH IMMO
Largest movements
- Stocks and contracts +€205,003
up €205,003 (+27.2%), from €754,997 to €960,000
- Receivables within one year -€120,310
down €120,310 (-76.6%), from €157,127 to €36,817
of which Other amounts receivable: -€113,426
- Tangible fixed assets -€69,878
down €69,878 (-2.5%), from €2.8m to €2.7m
- Trade debts -€75,517
down €75,517 (-62.8%), from €120,202 to €44,685
- Profit (loss) carried forward +€63,043
up €63,043 (+20.0%), from -€315,070 to -€252,026
- Current portion of long-term debt +€57,365
up €57,365 (+73.8%), from €77,745 to €135,110
- Gross operating margin +€31,872
up €31,872 (+16.4%), from €194,163 to €226,035
- Other operating charges -€29,552
down €29,552 (-97.0%), from €30,478 to €926
- Financial charges +€2,466
up €2,466 (+2.8%), from €89,350 to €91,817
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,701,465 | €3,705,655 | +€4,189 | +0.1% |
| Fixed assets | 21/28 | €2,772,360 | €2,702,482 | -€69,878 | -2.5% |
| Tangible fixed assets | 22/27 | €2,772,360 | €2,702,482 | -€69,878 | -2.5% |
| Land and buildings | 22 | €2,772,360 | €2,702,482 | -€69,878 | -2.5% |
| Current assets | 29/58 | €929,105 | €1,003,173 | +€74,067 | +8.0% |
| Stocks and contracts in progress | 3 | €754,997 | €960,000 | +€205,003 | +27.2% |
| Stocks | 30/36 | €754,997 | €960,000 | +€205,003 | +27.2% |
| Amounts receivable within one year | 40/41 | €157,127 | €36,817 | -€120,310 | -76.6% |
| Trade receivables | 40 | €23,678 | €16,794 | -€6,884 | -29.1% |
| Other amounts receivable | 41 | €133,449 | €20,023 | -€113,426 | -85.0% |
| Cash at bank and in hand | 54/58 | €556 | €1,027 | +€472 | +84.9% |
| Deferred charges and accrued income | 490/1 | €16,426 | €5,329 | -€11,097 | -67.6% |
| Total equity and liabilities | 10/49 | €3,701,465 | €3,705,655 | +€4,189 | +0.1% |
| Equity | 10/15 | -€265,070 | -€202,026 | +€63,043 | +23.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | -€315,070 | -€252,026 | +€63,043 | +20.0% |
| Amounts payable | 17/49 | €3,966,535 | €3,907,681 | -€58,854 | -1.5% |
| Amounts payable after more than one year | 17 | €3,601,808 | €3,571,469 | -€30,338 | -0.8% |
| Financial debts | 170/4 | €3,601,808 | €3,571,469 | -€30,338 | -0.8% |
| Amounts payable within one year | 42/48 | €364,728 | €334,111 | -€30,617 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €77,745 | €135,110 | +€57,365 | +73.8% |
| Trade debts | 44 | €120,202 | €44,685 | -€75,517 | -62.8% |
| Suppliers | 440/4 | €120,202 | €44,685 | -€75,517 | -62.8% |
| Taxes, remuneration and social security | 45 | €991 | €854 | -€137 | -13.8% |
| Taxes | 450/3 | €991 | €854 | -€137 | -13.8% |
| Other amounts payable | 47/48 | €165,790 | €153,461 | -€12,329 | -7.4% |
| Accrued charges and deferred income | 492/3 | - | €2,101 | +€2,101 | |
| Non-recurring operating income | 76A | €242 | €1,547 | +€1,305 | +538% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,878 | €69,878 | = | 0.0% |
| Other operating charges | 640/8 | €30,478 | €926 | -€29,552 | -97.0% |
| Gross operating margin | 9900 | €194,163 | €226,035 | +€31,872 | +16.4% |
| Operating profit (loss) | 9901 | €93,808 | €155,231 | +€61,424 | +65.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €89,350 | €91,817 | +€2,466 | +2.8% |
| Recurring financial charges | 65 | €89,350 | €91,817 | +€2,466 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €4,458 | €63,415 | +€58,957 | +1,323% |
| Income taxes | 67/77 | €585 | €371 | -€214 | -36.5% |
| Profit (loss) for the period | 9904 | €3,872 | €63,043 | +€59,171 | +1,528% |
| Profit (loss) for the period to be appropriated | 9905 | €3,872 | €63,043 | +€59,171 | +1,528% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.