ZSystems: what changed
Two financial 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.
ZSystems
Largest movements
- Receivables within one year +€139
up €139 (+1.0%), from €13,686 to €13,825
of which Other amounts receivable: +€139
- Other debts +€1,058
up €1,058 (+36.3%), from €2,914 to €3,972
- Profit (loss) carried forward -€935
down €935 (-5.2%), from -€17,986 to -€18,921
- Gross operating margin +€86
up €86 (+14.3%), from -€599 to -€513
- Other operating charges +€27
up €27 (+6.3%), from €424 to €451
- Financial income -€26
down €26 (-46.9%), from €55 to €29
- Financial charges -€16
down €16 (-100%), from €16 to €0
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,686 | €13,825 | +€139 | +1.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €13,686 | €13,825 | +€139 | +1.0% |
| Amounts receivable within one year | 40/41 | €13,686 | €13,825 | +€139 | +1.0% |
| Trade receivables | 40 | €12,940 | €12,940 | = | 0.0% |
| Other amounts receivable | 41 | €746 | €885 | +€139 | +18.6% |
| Total equity and liabilities | 10/49 | €13,686 | €13,825 | +€139 | +1.0% |
| Equity | 10/15 | -€11,786 | -€12,721 | -€935 | -7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,986 | -€18,921 | -€935 | -5.2% |
| Amounts payable | 17/49 | €25,472 | €26,546 | +€1,074 | +4.2% |
| Amounts payable within one year | 42/48 | €25,472 | €26,546 | +€1,074 | +4.2% |
| Trade debts | 44 | €22,558 | €22,573 | +€15 | +0.1% |
| Suppliers | 440/4 | €22,558 | €22,573 | +€15 | +0.1% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €2,914 | €3,972 | +€1,058 | +36.3% |
| Other operating charges | 640/8 | €424 | €451 | +€27 | +6.3% |
| Gross operating margin | 9900 | -€599 | -€513 | +€86 | +14.3% |
| Operating profit (loss) | 9901 | -€1,024 | -€964 | +€59 | +5.8% |
| Financial income | 75/76B | €55 | €29 | -€26 | -46.9% |
| Recurring financial income | 75 | €55 | €29 | -€26 | -46.9% |
| Financial charges | 65/66B | €16 | €0 | -€16 | -100% |
| Recurring financial charges | 65 | €16 | €0 | -€16 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€984 | -€935 | +€49 | +5.0% |
| Profit (loss) for the period | 9904 | -€984 | -€935 | +€49 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€984 | -€935 | +€49 | +5.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.