ZUN: 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.
ZUN
Largest movements
- Tangible fixed assets +€6,092
new in 2025: €6,092
- Receivables within one year +€2,631
new in 2025: €2,631
- Stocks and contracts -€1,241
down €1,241 (-11.5%), from €10,833 to €9,592
- Cash +€1,182
up €1,182 (+21.0%), from €5,639 to €6,821
mainly Contributions, distributions and other (+€20,000) and Stocks and contracts (+€1,241)
- Contributions +€20,000
new in 2025: €20,000
- Other debts -€5,898
no longer reported in 2025 (was €5,898)
- Trade debts -€4,111
down €4,111 (-61.3%), from €6,702 to €2,591
- Tax, wage and social debts -€1,201
down €1,201 (-32.6%), from €3,682 to €2,481
- Gross operating margin +€2,388
up €2,388, from -€1,191 to €1,196
- Depreciation +€447
new in 2025: €447
- Other operating charges +€353
up €353 (+75.1%), from €470 to €823
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 | €19,481 | €28,145 | +€8,664 | +44.5% |
| Fixed assets | 21/28 | €3,009 | €9,101 | +€6,092 | +202.5% |
| Tangible fixed assets | 22/27 | - | €6,092 | +€6,092 | |
| Furniture and vehicles | 24 | - | €6,092 | +€6,092 | |
| Financial fixed assets | 28 | €3,009 | €3,009 | = | 0.0% |
| Current assets | 29/58 | €16,472 | €19,044 | +€2,572 | +15.6% |
| Stocks and contracts in progress | 3 | €10,833 | €9,592 | -€1,241 | -11.5% |
| Stocks | 30/36 | €10,833 | €9,592 | -€1,241 | -11.5% |
| Amounts receivable within one year | 40/41 | - | €2,631 | +€2,631 | |
| Trade receivables | 40 | - | €2,631 | +€2,631 | |
| Cash at bank and in hand | 54/58 | €5,639 | €6,821 | +€1,182 | +21.0% |
| Total equity and liabilities | 10/49 | €19,481 | €28,145 | +€8,664 | +44.5% |
| Equity | 10/15 | €3,199 | €23,073 | +€19,874 | +621.3% |
| Contributions | 10/11 | - | €20,000 | +€20,000 | |
| Capital | 10 | - | €20,000 | +€20,000 | |
| Issued capital | 100 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €3,199 | €3,073 | -€126 | -3.9% |
| Amounts payable | 17/49 | €16,282 | €5,073 | -€11,210 | -68.8% |
| Amounts payable within one year | 42/48 | €16,282 | €5,073 | -€11,210 | -68.8% |
| Trade debts | 44 | €6,702 | €2,591 | -€4,111 | -61.3% |
| Suppliers | 440/4 | €6,702 | €2,591 | -€4,111 | -61.3% |
| Taxes, remuneration and social security | 45 | €3,682 | €2,481 | -€1,201 | -32.6% |
| Taxes | 450/3 | €3,682 | €2,481 | -€1,201 | -32.6% |
| Other amounts payable | 47/48 | €5,898 | - | -€5,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €447 | +€447 | |
| Other operating charges | 640/8 | €470 | €823 | +€353 | +75.1% |
| Gross operating margin | 9900 | -€1,191 | €1,196 | +€2,388 | |
| Operating profit (loss) | 9901 | -€1,662 | -€74 | +€1,587 | +95.5% |
| Financial charges | 65/66B | €55 | €52 | -€4 | -6.5% |
| Recurring financial charges | 65 | €55 | €52 | -€4 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,717 | -€126 | +€1,591 | +92.7% |
| Profit (loss) for the period | 9904 | -€1,717 | -€126 | +€1,591 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,717 | -€126 | +€1,591 | +92.7% |
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 5 October 2026 via checked.be.