ZP algemene aanneming: 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.
ZP algemene aanneming
Largest movements
- Receivables within one year -€73,123
down €73,123 (-41.4%), from €176,781 to €103,657
of which Trade receivables: -€64,433
- Cash -€65,785
down €65,785 (-73.4%), from €89,650 to €23,865
mainly Contributions, distributions and other (-€160,735) and Deferred charges and accrued income (-€34,784)
- Deferred charges and accrued income +€34,784
up €34,784 (+2056.4%), from €1,691 to €36,475
- Reserves -€98,624
down €98,624 (-88.0%), from €112,012 to €13,388
- Short-term financial debts +€20,000
up €20,000 (+153.8%), from €13,000 to €33,000
- Other debts -€17,985
down €17,985 (-15.1%), from €119,498 to €101,513
- Tax, wage and social debts -€9,388
down €9,388 (-28.0%), from €33,543 to €24,156
- Gross operating margin -€50,182
down €50,182 (-35.2%), from €142,494 to €92,312
- Taxes -€11,170
down €11,170 (-38.7%), from €28,879 to €17,709
- Financial charges +€2,687
up €2,687 (+36.8%), from €7,296 to €9,982
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 | €286,712 | €181,114 | -€105,598 | -36.8% |
| Fixed assets | 21/28 | €18,589 | €17,117 | -€1,473 | -7.9% |
| Tangible fixed assets | 22/27 | €3,923 | €2,450 | -€1,473 | -37.5% |
| Plant, machinery and equipment | 23 | €1,629 | €735 | -€894 | -54.9% |
| Furniture and vehicles | 24 | €2,293 | €1,715 | -€579 | -25.2% |
| Financial fixed assets | 28 | €14,667 | €14,667 | = | 0.0% |
| Current assets | 29/58 | €268,122 | €163,997 | -€104,125 | -38.8% |
| Amounts receivable within one year | 40/41 | €176,781 | €103,657 | -€73,123 | -41.4% |
| Trade receivables | 40 | €161,678 | €97,245 | -€64,433 | -39.9% |
| Other amounts receivable | 41 | €15,103 | €6,412 | -€8,691 | -57.5% |
| Cash at bank and in hand | 54/58 | €89,650 | €23,865 | -€65,785 | -73.4% |
| Deferred charges and accrued income | 490/1 | €1,691 | €36,475 | +€34,784 | +2056.4% |
| Total equity and liabilities | 10/49 | €286,712 | €181,114 | -€105,598 | -36.8% |
| Equity | 10/15 | €117,012 | €18,388 | -€98,624 | -84.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,012 | €13,388 | -€98,624 | -88.0% |
| Distributable reserves | 133 | €112,012 | €13,388 | -€98,624 | -88.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,700 | €162,726 | -€6,974 | -4.1% |
| Amounts payable within one year | 42/48 | €169,700 | €162,726 | -€6,974 | -4.1% |
| Financial debts | 43 | €13,000 | €33,000 | +€20,000 | +153.8% |
| Credit institutions | 430/8 | €13,000 | €33,000 | +€20,000 | +153.8% |
| Trade debts | 44 | €3,658 | €4,057 | +€398 | +10.9% |
| Suppliers | 440/4 | €3,658 | €4,057 | +€398 | +10.9% |
| Taxes, remuneration and social security | 45 | €33,543 | €24,156 | -€9,388 | -28.0% |
| Taxes | 450/3 | €33,543 | €24,156 | -€9,388 | -28.0% |
| Other amounts payable | 47/48 | €119,498 | €101,513 | -€17,985 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €1,473 | +€113 | +8.3% |
| Other operating charges | 640/8 | €1,333 | €1,043 | -€290 | -21.8% |
| Gross operating margin | 9900 | €142,494 | €92,312 | -€50,182 | -35.2% |
| Operating profit (loss) | 9901 | €139,800 | €89,796 | -€50,004 | -35.8% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €7,296 | €9,982 | +€2,687 | +36.8% |
| Recurring financial charges | 65 | €7,296 | €9,982 | +€2,687 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €132,505 | €79,820 | -€52,684 | -39.8% |
| Income taxes | 67/77 | €28,879 | €17,709 | -€11,170 | -38.7% |
| Profit (loss) for the period | 9904 | €103,626 | €62,112 | -€41,514 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €103,626 | €62,112 | -€41,514 | -40.1% |
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 7 October 2026 via checked.be.