ZP Rénovation: what changed
ZP Rénovation
Largest movements
- Tangible fixed assets +€27,224
up €27,224 (+146%), from €18,638 to €45,861
of which Furniture and vehicles: +€27,714
- Receivables within one year +€21,316
up €21,316 (+248%), from €8,613 to €29,929
of which Trade receivables: +€15,346
- Cash -€1,673
down €1,673 (-5.3%), from €31,370 to €29,697
mainly Investment in fixed assets (net) (-€36,583) and Receivables within one year (-€21,316)
- Deferred charges and accrued income +€1,286
up €1,286 (+110%), from €1,170 to €2,456
- Provisions +€30,302
new in 2025: €30,302
- Tax, wage and social debts +€9,606
up €9,606 (+42.9%), from €22,392 to €31,998
of which Taxes: +€9,977
- Other debts +€4,647
up €4,647 (+20.8%), from €22,369 to €27,015
- Profit (loss) carried forward +€2,775
up €2,775 (+22.4%), from €12,367 to €15,142
- Gross operating margin +€39,787
up €39,787 (+103%), from €38,507 to €78,294
- Provisions +€30,302
new in 2025: €30,302
- Depreciation +€7,791
up €7,791 (+497%), from €1,568 to €9,359
- Staff costs +€5,645
new in 2025: €5,645
- Taxes +€5,361
up €5,361 (+159%), from €3,363 to €8,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,790 | €107,943 | +€48,153 | +80.5% |
| Fixed assets | 21/28 | €18,638 | €45,861 | +€27,224 | +146% |
| Tangible fixed assets | 22/27 | €18,638 | €45,861 | +€27,224 | +146% |
| Plant, machinery and equipment | 23 | €3,735 | €3,245 | -€491 | -13.1% |
| Furniture and vehicles | 24 | €14,902 | €42,617 | +€27,714 | +186% |
| Current assets | 29/58 | €41,152 | €62,081 | +€20,929 | +50.9% |
| Amounts receivable within one year | 40/41 | €8,613 | €29,929 | +€21,316 | +248% |
| Trade receivables | 40 | - | €15,346 | +€15,346 | |
| Other amounts receivable | 41 | €8,613 | €14,582 | +€5,970 | +69.3% |
| Cash at bank and in hand | 54/58 | €31,370 | €29,697 | -€1,673 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,170 | €2,456 | +€1,286 | +110% |
| Total equity and liabilities | 10/49 | €59,790 | €107,943 | +€48,153 | +80.5% |
| Equity | 10/15 | €13,867 | €16,642 | +€2,775 | +20.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,367 | €15,142 | +€2,775 | +22.4% |
| Provisions and deferred taxes | 16 | - | €30,302 | +€30,302 | |
| Provisions for liabilities and charges | 160/5 | - | €30,302 | +€30,302 | |
| Other liabilities and charges | 164/5 | - | €30,302 | +€30,302 | |
| Amounts payable | 17/49 | €45,923 | €60,998 | +€15,076 | +32.8% |
| Amounts payable within one year | 42/48 | €45,923 | €60,998 | +€15,076 | +32.8% |
| Trade debts | 44 | €1,162 | €1,985 | +€823 | +70.8% |
| Suppliers | 440/4 | €1,162 | €1,985 | +€823 | +70.8% |
| Taxes, remuneration and social security | 45 | €22,392 | €31,998 | +€9,606 | +42.9% |
| Taxes | 450/3 | €3,723 | €13,701 | +€9,977 | +268% |
| Remuneration and social security | 454/9 | €18,669 | €18,298 | -€371 | -2.0% |
| Other amounts payable | 47/48 | €22,369 | €27,015 | +€4,647 | +20.8% |
| Remuneration, social security and pensions | 62 | - | €5,645 | +€5,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,568 | €9,359 | +€7,791 | +497% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,302 | +€30,302 | |
| Other operating charges | 640/8 | - | €140 | +€140 | |
| Gross operating margin | 9900 | €38,507 | €78,294 | +€39,787 | +103% |
| Operating profit (loss) | 9901 | €36,939 | €32,848 | -€4,090 | -11.1% |
| Financial income | 75/76B | €27 | €2 | -€24 | -91.2% |
| Recurring financial income | 75 | €27 | €2 | -€24 | -91.2% |
| Financial charges | 65/66B | €35 | €51 | +€16 | +44.6% |
| Recurring financial charges | 65 | €35 | €51 | +€16 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €36,930 | €32,799 | -€4,131 | -11.2% |
| Income taxes | 67/77 | €3,363 | €8,724 | +€5,361 | +159% |
| Profit (loss) for the period | 9904 | €33,567 | €24,075 | -€9,492 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,567 | €24,075 | -€9,492 | -28.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.