ZOZ: 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.
ZOZ
Largest movements
- Receivables within one year -€18,220
down €18,220 (-35.9%), from €50,779 to €32,559
- Stocks and contracts -€5,226
down €5,226 (-17.3%), from €30,122 to €24,896
- Deferred charges and accrued income -€1,071
down €1,071 (-46.4%), from €2,309 to €1,238
- Tangible fixed assets -€941
down €941 (-25.0%), from €3,762 to €2,821
- Cash -€901
down €901 (-85.5%), from €1,054 to €153
mainly Trade debts (-€14,506) and Other debts (-€5,636)
- Trade debts -€14,506
down €14,506 (-32.3%), from €44,921 to €30,415
- Other debts -€5,636
down €5,636 (-31.3%), from €18,031 to €12,395
- Tax, wage and social debts -€4,720
down €4,720 (-12.2%), from €38,658 to €33,938
of which Remuneration and social security: -€3,628
- Debts after one year -€4,510
no longer reported in 2025 (was €4,510)
- Short-term financial debts +€2,138
up €2,138 (+105.3%), from €2,030 to €4,168
- Staff costs +€11,796
up €11,796 (+9.3%), from €126,895 to €138,691
- Gross operating margin +€5,875
up €5,875 (+4.2%), from €141,034 to €146,909
- Taxes -€2,262
down €2,262 (-50.0%), from €4,526 to €2,264
- Financial charges +€2,095
up €2,095 (+198.1%), from €1,058 to €3,153
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 | €88,026 | €61,667 | -€26,359 | -29.9% |
| Fixed assets | 21/28 | €3,762 | €2,821 | -€941 | -25.0% |
| Tangible fixed assets | 22/27 | €3,762 | €2,821 | -€941 | -25.0% |
| Land and buildings | 22 | €3,762 | €2,821 | -€941 | -25.0% |
| Current assets | 29/58 | €84,264 | €58,846 | -€25,417 | -30.2% |
| Stocks and contracts in progress | 3 | €30,122 | €24,896 | -€5,226 | -17.3% |
| Contracts in progress | 37 | €30,122 | €24,896 | -€5,226 | -17.3% |
| Amounts receivable within one year | 40/41 | €50,779 | €32,559 | -€18,220 | -35.9% |
| Trade receivables | 40 | €50,779 | €32,559 | -€18,220 | -35.9% |
| Cash at bank and in hand | 54/58 | €1,054 | €153 | -€901 | -85.5% |
| Deferred charges and accrued income | 490/1 | €2,309 | €1,238 | -€1,071 | -46.4% |
| Total equity and liabilities | 10/49 | €88,026 | €61,667 | -€26,359 | -29.9% |
| Equity | 10/15 | -€24,430 | -€23,758 | +€672 | +2.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,430 | -€139,758 | +€672 | +0.5% |
| Amounts payable | 17/49 | €112,456 | €85,425 | -€27,031 | -24.0% |
| Amounts payable after more than one year | 17 | €4,510 | - | -€4,510 | |
| Financial debts | 170/4 | €4,510 | - | -€4,510 | |
| Amounts payable within one year | 42/48 | €107,947 | €85,425 | -€22,521 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €4,307 | €4,510 | +€203 | +4.7% |
| Financial debts | 43 | €2,030 | €4,168 | +€2,138 | +105.3% |
| Credit institutions | 430/8 | €2,030 | €4,168 | +€2,138 | +105.3% |
| Trade debts | 44 | €44,921 | €30,415 | -€14,506 | -32.3% |
| Suppliers | 440/4 | €44,921 | €30,415 | -€14,506 | -32.3% |
| Taxes, remuneration and social security | 45 | €38,658 | €33,938 | -€4,720 | -12.2% |
| Taxes | 450/3 | €15,996 | €14,903 | -€1,092 | -6.8% |
| Remuneration and social security | 454/9 | €22,662 | €19,035 | -€3,628 | -16.0% |
| Other amounts payable | 47/48 | €18,031 | €12,395 | -€5,636 | -31.3% |
| Non-recurring operating income | 76A | - | €6,395 | +€6,395 | |
| Remuneration, social security and pensions | 62 | €126,895 | €138,691 | +€11,796 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277 | €941 | -€336 | -26.3% |
| Other operating charges | 640/8 | €1,295 | €1,202 | -€93 | -7.2% |
| Gross operating margin | 9900 | €141,034 | €146,909 | +€5,875 | +4.2% |
| Operating profit (loss) | 9901 | €11,566 | €6,075 | -€5,491 | -47.5% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €1,058 | €3,153 | +€2,095 | +198.1% |
| Recurring financial charges | 65 | €1,058 | €3,153 | +€2,095 | +198.1% |
| Profit (loss) for the period before taxes | 9903 | €10,509 | €2,936 | -€7,572 | -72.1% |
| Income taxes | 67/77 | €4,526 | €2,264 | -€2,262 | -50.0% |
| Profit (loss) for the period | 9904 | €5,983 | €672 | -€5,310 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,983 | €672 | -€5,310 | -88.8% |
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 6 October 2026 via checked.be.