ZOWICO: 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.
ZOWICO
Largest movements
- Receivables within one year +€6,851
up €6,851 (+536.0%), from €1,278 to €8,130
of which Trade receivables: +€6,789
- Cash -€3,387
down €3,387 (-41.9%), from €8,074 to €4,687
mainly Receivables within one year (-€6,851) and Other debts (-€2,001)
- Tangible fixed assets -€2,931
down €2,931 (-49.6%), from €5,909 to €2,978
of which Furniture and vehicles: -€2,479
- Advances received +€3,180
new in 2025: €3,180
- Other debts -€2,001
down €2,001 (-8.1%), from €24,726 to €22,725
- Trade debts -€1,066
down €1,066 (-53.2%), from €2,004 to €938
- Profit (loss) carried forward +€421
up €421 (+2.4%), from -€17,418 to -€16,998
- Gross operating margin -€4,719
down €4,719 (-52.6%), from €8,970 to €4,251
- Depreciation -€98
down €98 (-3.2%), from €3,029 to €2,931
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 | €15,512 | €16,045 | +€533 | +3.4% |
| Fixed assets | 21/28 | €6,159 | €3,228 | -€2,931 | -47.6% |
| Tangible fixed assets | 22/27 | €5,909 | €2,978 | -€2,931 | -49.6% |
| Plant, machinery and equipment | 23 | €649 | €401 | -€248 | -38.3% |
| Furniture and vehicles | 24 | €3,838 | €1,359 | -€2,479 | -64.6% |
| Other tangible fixed assets | 26 | €1,422 | €1,219 | -€203 | -14.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €9,353 | €12,817 | +€3,464 | +37.0% |
| Amounts receivable within one year | 40/41 | €1,278 | €8,130 | +€6,851 | +536.0% |
| Trade receivables | 40 | €943 | €7,732 | +€6,789 | +719.6% |
| Other amounts receivable | 41 | €335 | €398 | +€63 | +18.8% |
| Cash at bank and in hand | 54/58 | €8,074 | €4,687 | -€3,387 | -41.9% |
| Total equity and liabilities | 10/49 | €15,512 | €16,045 | +€533 | +3.4% |
| Equity | 10/15 | -€11,218 | -€10,798 | +€421 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,418 | -€16,998 | +€421 | +2.4% |
| Amounts payable | 17/49 | €26,730 | €26,843 | +€113 | +0.4% |
| Amounts payable within one year | 42/48 | €26,730 | €26,843 | +€113 | +0.4% |
| Trade debts | 44 | €2,004 | €938 | -€1,066 | -53.2% |
| Suppliers | 440/4 | €2,004 | €938 | -€1,066 | -53.2% |
| Advances received on contracts in progress | 46 | - | €3,180 | +€3,180 | |
| Other amounts payable | 47/48 | €24,726 | €22,725 | -€2,001 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,029 | €2,931 | -€98 | -3.2% |
| Other operating charges | 640/8 | €804 | €823 | +€19 | +2.4% |
| Gross operating margin | 9900 | €8,970 | €4,251 | -€4,719 | -52.6% |
| Operating profit (loss) | 9901 | €5,137 | €496 | -€4,640 | -90.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €75 | €76 | +€1 | +0.9% |
| Recurring financial charges | 65 | €75 | €76 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €5,061 | €421 | -€4,641 | -91.7% |
| Profit (loss) for the period | 9904 | €5,061 | €421 | -€4,641 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,061 | €421 | -€4,641 | -91.7% |
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 8 October 2026 via checked.be.