ZP Construct: 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 Construct
Largest movements
- Receivables within one year +€50,866
up €50,866 (+162.2%), from €31,354 to €82,220
of which Other amounts receivable: +€50,128
- Cash -€1,435
down €1,435 (-83.4%), from €1,720 to €285
mainly Receivables within one year (-€50,866)
- Trade debts +€33,007
up €33,007 (+191.5%), from €17,234 to €50,241
- Reserves +€11,355
up €11,355 (+102.3%), from €11,101 to €22,456
- Tax, wage and social debts +€4,687
up €4,687 (+103.4%), from €4,531 to €9,217
- Gross operating margin +€810
up €810 (+4.8%), from €16,812 to €17,622
- Financial charges +€557
up €557 (+626.1%), from €89 to €646
- Other operating charges -€450
down €450 (-44.9%), from €1,003 to €553
- Depreciation +€294
up €294 (+334.5%), from €88 to €382
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 | €34,896 | €83,944 | +€49,049 | +140.6% |
| Fixed assets | 21/28 | €1,822 | €1,440 | -€382 | -21.0% |
| Tangible fixed assets | 22/27 | €1,822 | €1,440 | -€382 | -21.0% |
| Plant, machinery and equipment | 23 | €1,822 | €1,440 | -€382 | -21.0% |
| Current assets | 29/58 | €33,074 | €82,505 | +€49,431 | +149.5% |
| Amounts receivable within one year | 40/41 | €31,354 | €82,220 | +€50,866 | +162.2% |
| Trade receivables | 40 | €8,930 | €9,667 | +€737 | +8.3% |
| Other amounts receivable | 41 | €22,424 | €72,553 | +€50,128 | +223.5% |
| Cash at bank and in hand | 54/58 | €1,720 | €285 | -€1,435 | -83.4% |
| Total equity and liabilities | 10/49 | €34,896 | €83,944 | +€49,049 | +140.6% |
| Equity | 10/15 | €13,101 | €24,456 | +€11,355 | +86.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,101 | €22,456 | +€11,355 | +102.3% |
| Distributable reserves | 133 | €11,101 | €22,456 | +€11,355 | +102.3% |
| Amounts payable | 17/49 | €21,794 | €59,488 | +€37,694 | +173.0% |
| Amounts payable within one year | 42/48 | €21,794 | €59,488 | +€37,694 | +173.0% |
| Trade debts | 44 | €17,234 | €50,241 | +€33,007 | +191.5% |
| Suppliers | 440/4 | €17,234 | €50,241 | +€33,007 | +191.5% |
| Taxes, remuneration and social security | 45 | €4,531 | €9,217 | +€4,687 | +103.4% |
| Taxes | 450/3 | €4,531 | €9,217 | +€4,687 | +103.4% |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88 | €382 | +€294 | +334.5% |
| Other operating charges | 640/8 | €1,003 | €553 | -€450 | -44.9% |
| Gross operating margin | 9900 | €16,812 | €17,622 | +€810 | +4.8% |
| Operating profit (loss) | 9901 | €15,721 | €16,687 | +€966 | +6.1% |
| Financial charges | 65/66B | €89 | €646 | +€557 | +626.1% |
| Recurring financial charges | 65 | €89 | €646 | +€557 | +626.1% |
| Profit (loss) for the period before taxes | 9903 | €15,632 | €16,041 | +€409 | +2.6% |
| Income taxes | 67/77 | €4,531 | €4,687 | +€156 | +3.4% |
| Profit (loss) for the period | 9904 | €11,101 | €11,355 | +€254 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,101 | €11,355 | +€254 | +2.3% |
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.