ZSD ALFIN: what changed
ZSD ALFIN
Largest movements
- Cash -€1,728
down €1,728 (-26.8%), from €6,455 to €4,726
mainly Net result for the year (-€12,600)
- Receivables within one year -€1,699
down €1,699 (-6.4%), from €26,465 to €24,767
of which Other amounts receivable: -€22,047
- Profit (loss) carried forward -€12,600
down €12,600 (-57.8%), from €21,798 to €9,198
- Trade debts +€9,173
up €9,173 (+323%), from €2,843 to €12,016
- Staff costs -€22,980
down €22,980 (-100%), from €22,980 to €0
- Gross operating margin -€20,560
down €20,560 (-82.1%), from €25,031 to €4,471
- Other operating charges +€16,838
up €16,838 (+1,819%), from €926 to €17,763
- Financial income +€889
up €889 (+5,571%), from €16 to €905
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 | €32,920 | €29,493 | -€3,427 | -10.4% |
| Current assets | 29/58 | €32,920 | €29,493 | -€3,427 | -10.4% |
| Amounts receivable within one year | 40/41 | €26,465 | €24,767 | -€1,699 | -6.4% |
| Trade receivables | 40 | €0 | €20,348 | +€20,348 | |
| Other amounts receivable | 41 | €26,465 | €4,419 | -€22,047 | -83.3% |
| Cash at bank and in hand | 54/58 | €6,455 | €4,726 | -€1,728 | -26.8% |
| Total equity and liabilities | 10/49 | €32,920 | €29,493 | -€3,427 | -10.4% |
| Equity | 10/15 | €29,858 | €17,258 | -€12,600 | -42.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,798 | €9,198 | -€12,600 | -57.8% |
| Amounts payable | 17/49 | €3,062 | €12,235 | +€9,173 | +300% |
| Amounts payable within one year | 42/48 | €3,062 | €12,235 | +€9,173 | +300% |
| Trade debts | 44 | €2,843 | €12,016 | +€9,173 | +323% |
| Suppliers | 440/4 | €2,843 | €12,016 | +€9,173 | +323% |
| Taxes, remuneration and social security | 45 | €219 | €219 | = | 0.0% |
| Taxes | 450/3 | €219 | €219 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €22,980 | €0 | -€22,980 | -100% |
| Other operating charges | 640/8 | €926 | €17,763 | +€16,838 | +1,819% |
| Gross operating margin | 9900 | €25,031 | €4,471 | -€20,560 | -82.1% |
| Operating profit (loss) | 9901 | €1,125 | -€13,293 | -€14,418 | |
| Financial income | 75/76B | €16 | €905 | +€889 | +5,571% |
| Recurring financial income | 75 | €16 | €905 | +€889 | +5,571% |
| Financial charges | 65/66B | €130 | €212 | +€82 | +63.0% |
| Recurring financial charges | 65 | €130 | €212 | +€82 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €1,011 | -€12,600 | -€13,611 | |
| Income taxes | 67/77 | €219 | - | -€219 | |
| Profit (loss) for the period | 9904 | €792 | -€12,600 | -€13,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €792 | -€12,600 | -€13,392 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.