ZoNo: 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.
ZoNo
Largest movements
- Receivables within one year -€31,615
down €31,615 (-62.0%), from €50,968 to €19,352
of which Trade receivables: -€36,317
- Cash +€15,814
up €15,814 (+35.2%), from €44,887 to €60,701
mainly Receivables within one year (+€31,615) and Debts after one year (+€18,090)
- Tangible fixed assets +€3,921
up €3,921 (+129.2%), from €3,034 to €6,954
of which Other tangible fixed assets: +€4,860
- Deferred charges and accrued income -€2,180
down €2,180 (-8.6%), from €25,248 to €23,069
- Reserves -€25,027
down €25,027 (-25.7%), from €97,414 to €72,386
- Debts after one year +€18,090
up €18,090 (+283.3%), from €6,385 to €24,475
- Tax, wage and social debts -€6,120
down €6,120 (-44.7%), from €13,684 to €7,564
- Gross operating margin -€37,558
down €37,558 (-89.2%), from €42,119 to €4,561
- Taxes -€11,270
down €11,270 (-84.9%), from €13,275 to €2,004
- Depreciation +€906
up €906 (+302.5%), from €300 to €1,206
- Financial charges +€691
up €691 (+48.7%), from €1,417 to €2,108
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 | €124,331 | €110,076 | -€14,255 | -11.5% |
| Fixed assets | 21/28 | €3,229 | €6,954 | +€3,726 | +115.4% |
| Tangible fixed assets | 22/27 | €3,034 | €6,954 | +€3,921 | +129.2% |
| Plant, machinery and equipment | 23 | €593 | €472 | -€121 | -20.5% |
| Furniture and vehicles | 24 | €2,441 | €1,623 | -€818 | -33.5% |
| Other tangible fixed assets | 26 | - | €4,860 | +€4,860 | |
| Financial fixed assets | 28 | €195 | - | -€195 | |
| Current assets | 29/58 | €121,103 | €103,122 | -€17,981 | -14.8% |
| Amounts receivable within one year | 40/41 | €50,968 | €19,352 | -€31,615 | -62.0% |
| Trade receivables | 40 | €42,544 | €6,227 | -€36,317 | -85.4% |
| Other amounts receivable | 41 | €8,424 | €13,125 | +€4,702 | +55.8% |
| Cash at bank and in hand | 54/58 | €44,887 | €60,701 | +€15,814 | +35.2% |
| Deferred charges and accrued income | 490/1 | €25,248 | €23,069 | -€2,180 | -8.6% |
| Total equity and liabilities | 10/49 | €124,331 | €110,076 | -€14,255 | -11.5% |
| Equity | 10/15 | €98,414 | €72,351 | -€26,063 | -26.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €97,414 | €72,386 | -€25,027 | -25.7% |
| Distributable reserves | 133 | €97,414 | €72,386 | -€25,027 | -25.7% |
| Profit (loss) carried forward | 14 | - | -€1,035 | -€1,035 | |
| Amounts payable | 17/49 | €25,918 | €37,725 | +€11,807 | +45.6% |
| Amounts payable after more than one year | 17 | €6,385 | €24,475 | +€18,090 | +283.3% |
| Other amounts payable | 178/9 | €6,385 | €24,475 | +€18,090 | +283.3% |
| Amounts payable within one year | 42/48 | €19,213 | €12,486 | -€6,727 | -35.0% |
| Financial debts | 43 | €4,636 | €4,662 | +€26 | +0.6% |
| Credit institutions | 430/8 | €4,636 | €4,662 | +€26 | +0.6% |
| Trade debts | 44 | €893 | €260 | -€633 | -70.9% |
| Suppliers | 440/4 | €893 | €260 | -€633 | -70.9% |
| Taxes, remuneration and social security | 45 | €13,684 | €7,564 | -€6,120 | -44.7% |
| Taxes | 450/3 | €13,684 | €7,564 | -€6,120 | -44.7% |
| Accrued charges and deferred income | 492/3 | €320 | €765 | +€445 | +139.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €1,206 | +€906 | +302.5% |
| Other operating charges | 640/8 | €880 | €710 | -€169 | -19.3% |
| Non-recurring operating charges | 66A | €8,460 | - | -€8,460 | |
| Gross operating margin | 9900 | €42,119 | €4,561 | -€37,558 | -89.2% |
| Operating profit (loss) | 9901 | €32,479 | €2,645 | -€29,835 | -91.9% |
| Financial income | 75/76B | €257 | €432 | +€175 | +68.2% |
| Recurring financial income | 75 | €257 | €432 | +€175 | +68.2% |
| Financial charges | 65/66B | €1,417 | €2,108 | +€691 | +48.7% |
| Recurring financial charges | 65 | €1,417 | €2,108 | +€691 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €31,319 | €969 | -€30,350 | -96.9% |
| Income taxes | 67/77 | €13,275 | €2,004 | -€11,270 | -84.9% |
| Profit (loss) for the period | 9904 | €18,044 | -€1,035 | -€19,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,044 | -€1,035 | -€19,080 |
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 28 September 2026 via checked.be.