Zo-Fier: 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.
Zo-Fier
Largest movements
- Receivables within one year -€3.3m
down €3.3m (-67.4%), from €4.9m to €1.6m
of which Other amounts receivable: -€3.9m
- Tangible fixed assets -€773,174
down €773,174 (-2.6%), from €30.0m to €29.3m
of which Assets under construction and advance payments: -€7.0m
- Trade debts -€4.5m
down €4.5m (-95.4%), from €4.7m to €216,190
- Other debts +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€776,843
down €776,843 (-120%), from -€649,422 to -€1.4m
- Turnover +€789,078
up €789,078 (+46.7%), from €1.7m to €2.5m
- Depreciation +€400,326
up €400,326 (+34.7%), from €1.2m to €1.6m
- Financial income -€268,952
down €268,952 (-97.8%), from €275,009 to €6,056
- Financial charges +€234,683
up €234,683 (+28.3%), from €830,687 to €1.1m
- Other operating income +€188,611
new in 2025: €188,611
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,015,188 | €30,973,170 | -€4.0m | -11.5% |
| Formation expenses | 20 | €783 | €60 | -€723 | -92.3% |
| Fixed assets | 21/28 | €30,046,601 | €29,273,427 | -€773,174 | -2.6% |
| Tangible fixed assets | 22/27 | €30,046,601 | €29,273,427 | -€773,174 | -2.6% |
| Plant, machinery and equipment | 23 | €23,019,452 | €29,273,427 | +€6.3m | +27.2% |
| Assets under construction and advance payments | 27 | €7,027,150 | - | -€7.0m | |
| Current assets | 29/58 | €4,967,803 | €1,699,682 | -€3.3m | -65.8% |
| Amounts receivable within one year | 40/41 | €4,886,329 | €1,590,709 | -€3.3m | -67.4% |
| Trade receivables | 40 | €583,949 | €1,187,782 | +€603,833 | +103% |
| Other amounts receivable | 41 | €4,302,380 | €402,926 | -€3.9m | -90.6% |
| Deferred charges and accrued income | 490/1 | €81,474 | €108,974 | +€27,500 | +33.8% |
| Total equity and liabilities | 10/49 | €35,015,188 | €30,973,170 | -€4.0m | -11.5% |
| Equity | 10/15 | €9,242,426 | €8,465,583 | -€776,843 | -8.4% |
| Contributions | 10/11 | €9,839,024 | €9,839,024 | = | 0.0% |
| Capital | 10 | €9,839,024 | €9,839,024 | = | 0.0% |
| Issued capital | 100 | €9,839,024 | €9,839,024 | = | 0.0% |
| Reserves | 13 | €52,824 | €52,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,824 | €52,824 | = | 0.0% |
| Legal reserve | 130 | €52,824 | €52,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€649,422 | -€1,426,265 | -€776,843 | -120% |
| Provisions and deferred taxes | 16 | €38,378 | €91,783 | +€53,405 | +139% |
| Provisions for liabilities and charges | 160/5 | €38,378 | €91,783 | +€53,405 | +139% |
| Other liabilities and charges | 164/5 | €38,378 | €91,783 | +€53,405 | +139% |
| Amounts payable | 17/49 | €25,734,384 | €22,415,804 | -€3.3m | -12.9% |
| Amounts payable after more than one year | 17 | €20,957,723 | €20,957,723 | = | 0.0% |
| Financial debts | 170/4 | €20,957,723 | €20,957,723 | = | 0.0% |
| Other loans | 174 | €20,957,723 | €20,957,723 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,703,412 | €1,344,866 | -€3.4m | -71.4% |
| Trade debts | 44 | €4,703,412 | €216,190 | -€4.5m | -95.4% |
| Suppliers | 440/4 | €4,703,412 | €216,190 | -€4.5m | -95.4% |
| Taxes, remuneration and social security | 45 | - | €36,901 | +€36,901 | |
| Taxes | 450/3 | - | €36,901 | +€36,901 | |
| Other amounts payable | 47/48 | - | €1,091,775 | +€1.1m | |
| Accrued charges and deferred income | 492/3 | €73,249 | €113,214 | +€39,965 | +54.6% |
| Operating income | 70/76A | €1,689,793 | €2,667,483 | +€977,690 | +57.9% |
| Turnover | 70 | €1,689,793 | €2,478,871 | +€789,078 | +46.7% |
| Other operating income | 74 | - | €188,611 | +€188,611 | |
| Operating charges | 60/66A | €1,785,331 | €2,385,012 | +€599,680 | +33.6% |
| Services and other goods | 61 | €612,860 | €771,997 | +€159,137 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,153,358 | €1,553,685 | +€400,326 | +34.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,588 | €53,405 | +€34,817 | +187% |
| Other operating charges | 640/8 | €525 | €5,925 | +€5,400 | +1,029% |
| Operating profit (loss) | 9901 | -€95,538 | €282,471 | +€378,009 | |
| Financial income | 75/76B | €275,009 | €6,056 | -€268,952 | -97.8% |
| Recurring financial income | 75 | €275,009 | €6,056 | -€268,952 | -97.8% |
| Other financial income | 752/9 | €275,009 | €6,056 | -€268,952 | -97.8% |
| Financial charges | 65/66B | €830,687 | €1,065,371 | +€234,683 | +28.3% |
| Recurring financial charges | 65 | €830,687 | €1,065,371 | +€234,683 | +28.3% |
| Debt charges | 650 | €829,950 | €1,064,634 | +€234,684 | +28.3% |
| Other financial charges | 652/9 | €737 | €737 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€651,217 | -€776,843 | -€125,626 | -19.3% |
| Profit (loss) for the period | 9904 | -€651,217 | -€776,843 | -€125,626 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€651,217 | -€776,843 | -€125,626 | -19.3% |
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 27 October 2026 via checked.be.