Zozan: 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.
Zozan
Largest movements
- Receivables within one year -€30,868
down €30,868 (-83.6%), from €36,935 to €6,067
- Stocks and contracts -€12,043
down €12,043 (-10.5%), from €114,298 to €102,255
- Cash -€1,910
down €1,910 (-45.1%), from €4,238 to €2,328
mainly Net result for the year (-€28,926) and Trade debts (-€7,357)
- Profit (loss) carried forward -€28,926
down €28,926 (-124%), from -€23,355 to -€52,281
- Trade debts -€7,357
down €7,357 (-36.8%), from €19,979 to €12,622
- Accrued charges and deferred income -€6,352
no longer reported in 2025 (was €6,352)
- Advances received +€5,584
up €5,584 (+39.1%), from €14,278 to €19,862
- Debts after one year -€5,088
down €5,088 (-9.5%), from €53,512 to €48,424
- Gross operating margin -€14,416
down €14,416 (-126%), from -€11,408 to -€25,824
- Financial charges +€1,591
up €1,591 (+183%), from €871 to €2,463
- Other operating charges -€873
down €873 (-87.9%), from €993 to €120
- Depreciation -€671
down €671 (-56.4%), from €1,191 to €519
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 | €156,383 | €111,580 | -€44,803 | -28.6% |
| Fixed assets | 21/28 | €912 | €930 | +€17 | +1.9% |
| Tangible fixed assets | 22/27 | €912 | €930 | +€17 | +1.9% |
| Plant, machinery and equipment | 23 | €104 | - | -€104 | |
| Furniture and vehicles | 24 | €808 | €930 | +€121 | +15.0% |
| Current assets | 29/58 | €155,471 | €110,650 | -€44,821 | -28.8% |
| Stocks and contracts in progress | 3 | €114,298 | €102,255 | -€12,043 | -10.5% |
| Stocks | 30/36 | €114,298 | €102,255 | -€12,043 | -10.5% |
| Amounts receivable within one year | 40/41 | €36,935 | €6,067 | -€30,868 | -83.6% |
| Other amounts receivable | 41 | €36,935 | €6,067 | -€30,868 | -83.6% |
| Cash at bank and in hand | 54/58 | €4,238 | €2,328 | -€1,910 | -45.1% |
| Total equity and liabilities | 10/49 | €156,383 | €111,580 | -€44,803 | -28.6% |
| Equity | 10/15 | €52,228 | €23,303 | -€28,926 | -55.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €56,991 | €56,991 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,643 | €19,643 | = | 0.0% |
| Distributable reserves | 133 | €35,489 | €35,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,355 | -€52,281 | -€28,926 | -124% |
| Amounts payable | 17/49 | €104,155 | €88,277 | -€15,877 | -15.2% |
| Amounts payable after more than one year | 17 | €53,512 | €48,424 | -€5,088 | -9.5% |
| Financial debts | 170/4 | €53,512 | €48,424 | -€5,088 | -9.5% |
| Amounts payable within one year | 42/48 | €44,291 | €39,853 | -€4,438 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €6,191 | €6,148 | -€43 | -0.7% |
| Trade debts | 44 | €19,979 | €12,622 | -€7,357 | -36.8% |
| Suppliers | 440/4 | €19,979 | €12,622 | -€7,357 | -36.8% |
| Advances received on contracts in progress | 46 | €14,278 | €19,862 | +€5,584 | +39.1% |
| Taxes, remuneration and social security | 45 | €3,843 | €1,221 | -€2,622 | -68.2% |
| Taxes | 450/3 | €3,843 | €1,221 | -€2,622 | -68.2% |
| Accrued charges and deferred income | 492/3 | €6,352 | - | -€6,352 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191 | €519 | -€671 | -56.4% |
| Other operating charges | 640/8 | €993 | €120 | -€873 | -87.9% |
| Gross operating margin | 9900 | -€11,408 | -€25,824 | -€14,416 | -126% |
| Operating profit (loss) | 9901 | -€13,592 | -€26,463 | -€12,871 | -94.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €871 | €2,463 | +€1,591 | +183% |
| Recurring financial charges | 65 | €871 | €2,463 | +€1,591 | +183% |
| Profit (loss) for the period before taxes | 9903 | -€14,463 | -€28,926 | -€14,463 | -100.0% |
| Profit (loss) for the period | 9904 | -€14,463 | -€28,926 | -€14,463 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,463 | -€28,926 | -€14,463 | -100.0% |
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.