ZORNIK: 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.
What changed
ZORNIK
NACE 90.201, Performing arts by independent artists
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€84,327
2024 · €14,181+€70,146
Equity
€210,560
2024 · €126,233+€84,327
Cash
€329,297
2024 · €228,340+€100,956
Balance sheet total
€826,878
2024 · €735,712+€91,166
Largest movements
Assets
- Cash +€100,956
up €100,956 (+44.2%), from €228,340 to €329,297
mainly Net result for the year (+€84,327) and Depreciation (+€35,001)
- Tangible fixed assets -€18,391
down €18,391 (-6.1%), from €299,671 to €281,280
of which Land and buildings: -€21,907
Equity and liabilities
- Profit (loss) carried forward +€84,327
up €84,327 (+38.8%), from -€217,362 to -€133,035
Income statement
- Gross operating margin +€72,626
up €72,626 (+144%), from €50,354 to €122,979
- Depreciation +€3,021
up €3,021 (+9.4%), from €31,981 to €35,001
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.
Result 2024
€14,181
Gross operating margin
+€72,626
Depreciation
-€3,021
Other operating charges
+€86
Other operating items
-€126
Financial income
+€4
Financial charges
+€637
Taxes
-€60
Result 2025
€84,327
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€117,567
Investment
-€16,610
Financing
€0
Cash 2024
€228,340
From operations (derived)
+€117,567
Net result for the year
+€84,327
Depreciation
+€35,001
Receivables within one year
-€2,874
Deferred charges and accrued income
-€5,726
Trade debts
+€6,658
Tax, wage and social debts
+€63
Other debts
+€418
Accrued charges and deferred income
-€300
Investment (derived)
-€16,610
Investment in fixed assets (net)
-€16,610
Cash 2025
€329,297
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €735,712 | €826,878 | +€91,166 | +12.4% |
| Fixed assets | 21/28 | €451,287 | €432,896 | -€18,391 | -4.1% |
| Tangible fixed assets | 22/27 | €299,671 | €281,280 | -€18,391 | -6.1% |
| Land and buildings | 22 | €270,634 | €248,726 | -€21,907 | -8.1% |
| Plant, machinery and equipment | 23 | €21,885 | €27,478 | +€5,593 | +25.6% |
| Furniture and vehicles | 24 | €7,152 | €5,076 | -€2,076 | -29.0% |
| Financial fixed assets | 28 | €151,617 | €151,617 | = | 0.0% |
| Current assets | 29/58 | €284,425 | €393,982 | +€109,557 | +38.5% |
| Amounts receivable after more than one year | 29 | €34,000 | €34,000 | = | 0.0% |
| Other amounts receivable | 291 | €34,000 | €34,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,703 | €19,577 | +€2,874 | +17.2% |
| Trade receivables | 40 | €36 | €2,910 | +€2,874 | +8,011% |
| Other amounts receivable | 41 | €16,667 | €16,667 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228,340 | €329,297 | +€100,956 | +44.2% |
| Deferred charges and accrued income | 490/1 | €5,382 | €11,108 | +€5,726 | +106% |
| Total equity and liabilities | 10/49 | €735,712 | €826,878 | +€91,166 | +12.4% |
| Equity | 10/15 | €126,233 | €210,560 | +€84,327 | +66.8% |
| Contributions | 10/11 | €320,136 | €320,136 | = | 0.0% |
| Reserves | 13 | €23,459 | €23,459 | = | 0.0% |
| Distributable reserves | 133 | €23,459 | €23,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,362 | -€133,035 | +€84,327 | +38.8% |
| Amounts payable | 17/49 | €609,479 | €616,318 | +€6,839 | +1.1% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,163 | €116,302 | +€7,139 | +6.5% |
| Trade debts | 44 | €6,955 | €13,612 | +€6,658 | +95.7% |
| Suppliers | 440/4 | €6,955 | €13,612 | +€6,658 | +95.7% |
| Taxes, remuneration and social security | 45 | €257 | €320 | +€63 | +24.6% |
| Taxes | 450/3 | €257 | €320 | +€63 | +24.6% |
| Other amounts payable | 47/48 | €101,952 | €102,369 | +€418 | +0.4% |
| Accrued charges and deferred income | 492/3 | €315 | €16 | -€300 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,981 | €35,001 | +€3,021 | +9.4% |
| Other operating charges | 640/8 | €2,999 | €2,914 | -€86 | -2.9% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €50,354 | €122,979 | +€72,626 | +144% |
| Operating profit (loss) | 9901 | €15,374 | €84,939 | +€69,565 | +452% |
| Financial income | 75/76B | €902 | €906 | +€4 | +0.5% |
| Recurring financial income | 75 | €902 | €906 | +€4 | +0.5% |
| Financial charges | 65/66B | €1,979 | €1,342 | -€637 | -32.2% |
| Recurring financial charges | 65 | €1,979 | €1,342 | -€637 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €14,297 | €84,503 | +€70,206 | +491% |
| Income taxes | 67/77 | €116 | €176 | +€60 | +51.9% |
| Profit (loss) for the period | 9904 | €14,181 | €84,327 | +€70,146 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €14,181 | €84,327 | +€70,146 | +495% |
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 14 October 2026 via checked.be.