ZOA: 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.
ZOA
Largest movements
- Tangible fixed assets -€4,450
down €4,450 (-32.5%), from €13,673 to €9,222
- Stocks and contracts -€1,036
no longer reported in 2025 (was €1,036)
- Cash -€614
down €614 (-58.9%), from €1,043 to €429
mainly Other debts (-€11,016) and Debts after one year (-€6,375)
- Receivables within one year -€299
down €299 (-12.5%), from €2,391 to €2,092
of which Other amounts receivable: -€184
- Deferred charges and accrued income -€254
no longer reported in 2025 (was €254)
- Other debts -€11,016
down €11,016 (-47.1%), from €23,377 to €12,361
- Trade debts +€7,475
up €7,475 (+387.2%), from €1,930 to €9,406
- Debts after one year -€6,375
down €6,375 (-48.4%), from €13,177 to €6,802
- Profit (loss) carried forward +€3,551
up €3,551 (+12.3%), from -€28,934 to -€25,384
- Tax, wage and social debts -€1,201
down €1,201 (-62.5%), from €1,921 to €720
- Gross operating margin +€6,051
up €6,051 (+100.7%), from €6,011 to €12,062
- Financial charges -€759
down €759 (-36.8%), from €2,060 to €1,301
- Staff costs +€358
up €358, from -€84 to €274
- Other operating charges +€199
up €199 (+8.7%), from €2,287 to €2,486
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 | €22,446 | €15,793 | -€6,654 | -29.6% |
| Fixed assets | 21/28 | €17,723 | €13,272 | -€4,450 | -25.1% |
| Tangible fixed assets | 22/27 | €13,673 | €9,222 | -€4,450 | -32.5% |
| Plant, machinery and equipment | 23 | €13,673 | €9,222 | -€4,450 | -32.5% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €4,724 | €2,520 | -€2,203 | -46.6% |
| Stocks and contracts in progress | 3 | €1,036 | - | -€1,036 | |
| Stocks | 30/36 | €1,036 | - | -€1,036 | |
| Amounts receivable within one year | 40/41 | €2,391 | €2,092 | -€299 | -12.5% |
| Trade receivables | 40 | €1,803 | €1,688 | -€115 | -6.4% |
| Other amounts receivable | 41 | €588 | €404 | -€184 | -31.3% |
| Cash at bank and in hand | 54/58 | €1,043 | €429 | -€614 | -58.9% |
| Deferred charges and accrued income | 490/1 | €254 | - | -€254 | |
| Total equity and liabilities | 10/49 | €22,446 | €15,793 | -€6,654 | -29.6% |
| Equity | 10/15 | -€23,934 | -€20,384 | +€3,551 | +14.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,934 | -€25,384 | +€3,551 | +12.3% |
| Amounts payable | 17/49 | €46,380 | €36,176 | -€10,204 | -22.0% |
| Amounts payable after more than one year | 17 | €13,177 | €6,802 | -€6,375 | -48.4% |
| Financial debts | 170/4 | €13,177 | €6,802 | -€6,375 | -48.4% |
| Amounts payable within one year | 42/48 | €33,203 | €29,374 | -€3,829 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €5,975 | €6,888 | +€913 | +15.3% |
| Trade debts | 44 | €1,930 | €9,406 | +€7,475 | +387.2% |
| Suppliers | 440/4 | €1,930 | €9,406 | +€7,475 | +387.2% |
| Taxes, remuneration and social security | 45 | €1,921 | €720 | -€1,201 | -62.5% |
| Taxes | 450/3 | €1,921 | €720 | -€1,201 | -62.5% |
| Other amounts payable | 47/48 | €23,377 | €12,361 | -€11,016 | -47.1% |
| Remuneration, social security and pensions | 62 | -€84 | €274 | +€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €4,450 | +€61 | +1.4% |
| Other operating charges | 640/8 | €2,287 | €2,486 | +€199 | +8.7% |
| Gross operating margin | 9900 | €6,011 | €12,062 | +€6,051 | +100.7% |
| Operating profit (loss) | 9901 | -€581 | €4,852 | +€5,432 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,060 | €1,301 | -€759 | -36.8% |
| Recurring financial charges | 65 | €2,060 | €1,301 | -€759 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,641 | €3,551 | +€6,192 | |
| Profit (loss) for the period | 9904 | -€2,641 | €3,551 | +€6,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,641 | €3,551 | +€6,192 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.