ZRN: 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.
ZRN
Largest movements
- Stocks and contracts +€5,500
up €5,500 (+194.0%), from €2,835 to €8,335
- Financial fixed assets +€2,400
new in 2025: €2,400
- Cash -€1,227
down €1,227 (-47.2%), from €2,598 to €1,371
mainly Net result for the year (-€29,474) and Stocks and contracts (-€5,500)
- Receivables within one year +€940
up €940 (+9.2%), from €10,221 to €11,161
of which Trade receivables: +€9,449
- Profit (loss) carried forward -€29,474
down €29,474, from €1,258 to -€28,216
- Other debts +€23,740
up €23,740 (+280.2%), from €8,472 to €32,212
- Trade debts +€8,808
up €8,808 (+309.3%), from €2,848 to €11,656
- Tax, wage and social debts +€4,539
up €4,539 (+421.8%), from €1,076 to €5,615
of which Remuneration and social security: +€2,762
- Staff costs +€32,368
up €32,368 (+3173.9%), from €1,020 to €33,387
- Gross operating margin +€2,577
up €2,577 (+108.2%), from €2,383 to €4,961
- Financial charges +€942
up €942 (+895.2%), from €105 to €1,047
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 | €15,654 | €23,267 | +€7,613 | +48.6% |
| Fixed assets | 21/28 | - | €2,400 | +€2,400 | |
| Financial fixed assets | 28 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €15,654 | €20,867 | +€5,213 | +33.3% |
| Stocks and contracts in progress | 3 | €2,835 | €8,335 | +€5,500 | +194.0% |
| Stocks | 30/36 | €2,835 | €8,335 | +€5,500 | +194.0% |
| Amounts receivable within one year | 40/41 | €10,221 | €11,161 | +€940 | +9.2% |
| Trade receivables | 40 | €1,666 | €11,115 | +€9,449 | +567.4% |
| Other amounts receivable | 41 | €8,556 | €46 | -€8,509 | -99.5% |
| Cash at bank and in hand | 54/58 | €2,598 | €1,371 | -€1,227 | -47.2% |
| Total equity and liabilities | 10/49 | €15,654 | €23,267 | +€7,613 | +48.6% |
| Equity | 10/15 | €3,258 | -€26,216 | -€29,474 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,258 | -€28,216 | -€29,474 | |
| Amounts payable | 17/49 | €12,396 | €49,483 | +€37,087 | +299.2% |
| Amounts payable within one year | 42/48 | €12,396 | €49,483 | +€37,087 | +299.2% |
| Trade debts | 44 | €2,848 | €11,656 | +€8,808 | +309.3% |
| Suppliers | 440/4 | €2,848 | €11,656 | +€8,808 | +309.3% |
| Taxes, remuneration and social security | 45 | €1,076 | €5,615 | +€4,539 | +421.8% |
| Taxes | 450/3 | €68 | €1,844 | +€1,776 | +2623.2% |
| Remuneration and social security | 454/9 | €1,008 | €3,771 | +€2,762 | +273.9% |
| Other amounts payable | 47/48 | €8,472 | €32,212 | +€23,740 | +280.2% |
| Remuneration, social security and pensions | 62 | €1,020 | €33,387 | +€32,368 | +3173.9% |
| Gross operating margin | 9900 | €2,383 | €4,961 | +€2,577 | +108.2% |
| Operating profit (loss) | 9901 | €1,363 | -€28,427 | -€29,790 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €105 | €1,047 | +€942 | +895.2% |
| Recurring financial charges | 65 | €105 | €1,047 | +€942 | +895.2% |
| Profit (loss) for the period before taxes | 9903 | €1,258 | -€29,474 | -€30,732 | |
| Profit (loss) for the period | 9904 | €1,258 | -€29,474 | -€30,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,258 | -€29,474 | -€30,732 |
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 4 October 2026 via checked.be.