ZORIONN DEVELOPMENT: 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.
ZORIONN DEVELOPMENT
Largest movements
- Receivables within one year +€319,598
up €319,598 (+106%), from €301,685 to €621,283
of which Other amounts receivable: +€418,953
- Stocks and contracts -€115,077
down €115,077 (-9.0%), from €1.3m to €1.2m
- Tangible fixed assets -€24,176
down €24,176 (-19.4%), from €124,379 to €100,203
of which Other tangible fixed assets: -€22,825
- Debts after one year +€125,000
up €125,000, from €0 to €125,000
of which Financial debts: +€125,000
- Other debts +€27,274
up €27,274 (+174%), from €15,638 to €42,911
- Short-term financial debts +€26,725
up €26,725, from €0 to €26,725
- Tax, wage and social debts -€26,421
down €26,421 (-75.8%), from €34,875 to €8,453
of which Taxes: -€22,793
- Trade debts +€20,037
up €20,037 (+1.8%), from €1.1m to €1.1m
- Gross operating margin -€27,703
down €27,703 (-18.0%), from €153,591 to €125,888
- Financial charges +€8,520
up €8,520 (+39.2%), from €21,739 to €30,259
- Depreciation +€2,460
up €2,460 (+9.7%), from €25,346 to €27,805
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
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 | €1,737,856 | €1,919,120 | +€181,265 | +10.4% |
| Fixed assets | 21/28 | €144,959 | €121,603 | -€23,356 | -16.1% |
| Tangible fixed assets | 22/27 | €124,379 | €100,203 | -€24,176 | -19.4% |
| Land and buildings | 22 | - | €3,266 | +€3,266 | |
| Plant, machinery and equipment | 23 | €1,495 | €567 | -€928 | -62.1% |
| Furniture and vehicles | 24 | €22,945 | €19,256 | -€3,689 | -16.1% |
| Other tangible fixed assets | 26 | €99,939 | €77,114 | -€22,825 | -22.8% |
| Financial fixed assets | 28 | €20,579 | €21,399 | +€820 | +4.0% |
| Current assets | 29/58 | €1,592,897 | €1,797,517 | +€204,621 | +12.8% |
| Stocks and contracts in progress | 3 | €1,284,378 | €1,169,301 | -€115,077 | -9.0% |
| Stocks | 30/36 | €1,284,378 | €1,169,301 | -€115,077 | -9.0% |
| Amounts receivable within one year | 40/41 | €301,685 | €621,283 | +€319,598 | +106% |
| Trade receivables | 40 | €283,059 | €183,703 | -€99,355 | -35.1% |
| Other amounts receivable | 41 | €18,627 | €437,580 | +€418,953 | +2,249% |
| Cash at bank and in hand | 54/58 | €3,560 | €844 | -€2,716 | -76.3% |
| Deferred charges and accrued income | 490/1 | €3,274 | €6,090 | +€2,816 | +86.0% |
| Total equity and liabilities | 10/49 | €1,737,856 | €1,919,120 | +€181,265 | +10.4% |
| Equity | 10/15 | €587,088 | €596,930 | +€9,842 | +1.7% |
| Contributions | 10/11 | €618,600 | €618,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,373 | -€23,530 | +€9,842 | +29.5% |
| Amounts payable | 17/49 | €1,150,768 | €1,322,190 | +€171,422 | +14.9% |
| Amounts payable after more than one year | 17 | €0 | €125,000 | +€125,000 | |
| Financial debts | 170/4 | €0 | €125,000 | +€125,000 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,150,768 | €1,188,440 | +€37,672 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €9,941 | €0 | -€9,941 | -100% |
| Financial debts | 43 | €0 | €26,725 | +€26,725 | |
| Credit institutions | 430/8 | €0 | €26,725 | +€26,725 | |
| Trade debts | 44 | €1,090,314 | €1,110,351 | +€20,037 | +1.8% |
| Suppliers | 440/4 | €1,090,314 | €1,110,351 | +€20,037 | +1.8% |
| Taxes, remuneration and social security | 45 | €34,875 | €8,453 | -€26,421 | -75.8% |
| Taxes | 450/3 | €29,513 | €6,720 | -€22,793 | -77.2% |
| Remuneration and social security | 454/9 | €5,362 | €1,733 | -€3,628 | -67.7% |
| Other amounts payable | 47/48 | €15,638 | €42,911 | +€27,274 | +174% |
| Accrued charges and deferred income | 492/3 | - | €8,750 | +€8,750 | |
| Remuneration, social security and pensions | 62 | €40,494 | €40,753 | +€258 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,346 | €27,805 | +€2,460 | +9.7% |
| Other operating charges | 640/8 | €9,567 | €9,812 | +€245 | +2.6% |
| Non-recurring operating charges | 66A | €0 | €2,516 | +€2,516 | |
| Gross operating margin | 9900 | €153,591 | €125,888 | -€27,703 | -18.0% |
| Operating profit (loss) | 9901 | €78,184 | €45,002 | -€33,182 | -42.4% |
| Financial income | 75/76B | €79 | €234 | +€155 | +195% |
| Recurring financial income | 75 | €79 | €234 | +€155 | +195% |
| Financial charges | 65/66B | €21,739 | €30,259 | +€8,520 | +39.2% |
| Recurring financial charges | 65 | €21,739 | €30,259 | +€8,520 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €56,524 | €14,977 | -€41,547 | -73.5% |
| Income taxes | 67/77 | €5,952 | €5,135 | -€817 | -13.7% |
| Profit (loss) for the period | 9904 | €50,573 | €9,842 | -€40,730 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,573 | €9,842 | -€40,730 | -80.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.