ZONIFUND: 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.
ZONIFUND
Largest movements
- Tangible fixed assets -€22,960
down €22,960 (-5.3%), from €436,240 to €413,280
- Debts after one year -€32,830
down €32,830 (-11.1%), from €294,682 to €261,852
of which Financial debts: -€32,830
- Profit (loss) carried forward +€10,971
up €10,971 (+562.9%), from €1,949 to €12,920
- Gross operating margin +€4,248
up €4,248 (+10.6%), from €39,936 to €44,185
- Taxes +€3,057
up €3,057 (+436.7%), from €700 to €3,757
- Financial charges -€1,058
down €1,058 (-14.8%), from €7,168 to €6,110
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 | €447,782 | €420,025 | -€27,758 | -6.2% |
| Fixed assets | 21/28 | €436,240 | €413,280 | -€22,960 | -5.3% |
| Tangible fixed assets | 22/27 | €436,240 | €413,280 | -€22,960 | -5.3% |
| Land and buildings | 22 | €436,240 | €413,280 | -€22,960 | -5.3% |
| Current assets | 29/58 | €11,542 | €6,745 | -€4,798 | -41.6% |
| Amounts receivable within one year | 40/41 | €6,250 | €2,788 | -€3,463 | -55.4% |
| Trade receivables | 40 | €6,250 | €2,788 | -€3,463 | -55.4% |
| Cash at bank and in hand | 54/58 | €5,292 | €3,957 | -€1,335 | -25.2% |
| Total equity and liabilities | 10/49 | €447,782 | €420,025 | -€27,758 | -6.2% |
| Equity | 10/15 | €53,949 | €64,920 | +€10,971 | +20.3% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,949 | €12,920 | +€10,971 | +562.9% |
| Amounts payable | 17/49 | €393,833 | €355,105 | -€38,728 | -9.8% |
| Amounts payable after more than one year | 17 | €294,682 | €261,852 | -€32,830 | -11.1% |
| Financial debts | 170/4 | €284,624 | €251,794 | -€32,830 | -11.5% |
| Other amounts payable | 178/9 | €10,057 | €10,057 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,610 | €92,787 | -€4,823 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €34,851 | €35,537 | +€686 | +2.0% |
| Trade debts | 44 | €5,384 | €2,865 | -€2,519 | -46.8% |
| Suppliers | 440/4 | €5,384 | €2,865 | -€2,519 | -46.8% |
| Taxes, remuneration and social security | 45 | €8,787 | €5,797 | -€2,990 | -34.0% |
| Taxes | 450/3 | €8,787 | €5,797 | -€2,990 | -34.0% |
| Other amounts payable | 47/48 | €48,587 | €48,587 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,542 | €467 | -€1,075 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,960 | €22,960 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €39,936 | €44,185 | +€4,248 | +10.6% |
| Operating profit (loss) | 9901 | €16,592 | €20,837 | +€4,245 | +25.6% |
| Financial charges | 65/66B | €7,168 | €6,110 | -€1,058 | -14.8% |
| Recurring financial charges | 65 | €7,168 | €6,110 | -€1,058 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €9,424 | €14,728 | +€5,303 | +56.3% |
| Income taxes | 67/77 | €700 | €3,757 | +€3,057 | +436.7% |
| Profit (loss) for the period | 9904 | €8,724 | €10,971 | +€2,246 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,724 | €10,971 | +€2,246 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.