ZX IMMO: 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.
ZX IMMO
Largest movements
- Current investments +€31,000
up €31,000 (+23.0%), from €135,000 to €166,000
- Tangible fixed assets -€30,767
down €30,767 (-5.5%), from €563,964 to €533,197
of which Furniture and vehicles: -€17,042
- Receivables within one year -€10,000
no longer reported in 2025 (was €10,000)
- Reserves +€38,581
up €38,581 (+38.2%), from €100,896 to €139,477
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€14,158
down €14,158 (-34.3%), from €41,283 to €27,125
of which Taxes: -€14,166
- Trade debts -€9,562
down €9,562 (-96.5%), from €9,908 to €346
- Gross operating margin +€14,311
up €14,311 (+19.4%), from €73,811 to €88,122
- Taxes +€4,321
up €4,321 (+40.3%), from €10,735 to €15,056
- Financial charges -€1,005
down €1,005 (-79.2%), from €1,269 to €264
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
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 | €716,982 | €705,698 | -€11,284 | -1.6% |
| Fixed assets | 21/28 | €563,964 | €533,197 | -€30,767 | -5.5% |
| Tangible fixed assets | 22/27 | €563,964 | €533,197 | -€30,767 | -5.5% |
| Land and buildings | 22 | €503,547 | €489,822 | -€13,725 | -2.7% |
| Furniture and vehicles | 24 | €60,417 | €43,375 | -€17,042 | -28.2% |
| Current assets | 29/58 | €153,018 | €172,501 | +€19,483 | +12.7% |
| Amounts receivable within one year | 40/41 | €10,000 | - | -€10,000 | |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Current investments | 50/53 | €135,000 | €166,000 | +€31,000 | +23.0% |
| Cash at bank and in hand | 54/58 | €5,620 | €4,084 | -€1,536 | -27.3% |
| Deferred charges and accrued income | 490/1 | €2,398 | €2,417 | +€19 | +0.8% |
| Total equity and liabilities | 10/49 | €716,982 | €705,698 | -€11,284 | -1.6% |
| Equity | 10/15 | €639,646 | €678,227 | +€38,581 | +6.0% |
| Contributions | 10/11 | €538,750 | €538,750 | = | 0.0% |
| Reserves | 13 | €100,896 | €139,477 | +€38,581 | +38.2% |
| Distributable reserves | 133 | €100,896 | €139,477 | +€38,581 | +38.2% |
| Amounts payable | 17/49 | €77,336 | €27,471 | -€49,865 | -64.5% |
| Amounts payable within one year | 42/48 | €75,801 | €27,471 | -€48,330 | -63.8% |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Other loans | 439 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €9,908 | €346 | -€9,562 | -96.5% |
| Suppliers | 440/4 | €9,908 | €346 | -€9,562 | -96.5% |
| Taxes, remuneration and social security | 45 | €41,283 | €27,125 | -€14,158 | -34.3% |
| Taxes | 450/3 | €38,334 | €24,169 | -€14,166 | -37.0% |
| Remuneration and social security | 454/9 | €2,949 | €2,956 | +€7 | +0.3% |
| Other amounts payable | 47/48 | €4,610 | - | -€4,610 | |
| Accrued charges and deferred income | 492/3 | €1,535 | - | -€1,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,767 | €30,767 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,198 | €4,395 | +€197 | +4.7% |
| Gross operating margin | 9900 | €73,811 | €88,122 | +€14,311 | +19.4% |
| Operating profit (loss) | 9901 | €38,846 | €52,960 | +€14,114 | +36.3% |
| Financial income | 75/76B | €504 | €941 | +€437 | +86.7% |
| Recurring financial income | 75 | €504 | €941 | +€437 | +86.7% |
| Financial charges | 65/66B | €1,269 | €264 | -€1,005 | -79.2% |
| Recurring financial charges | 65 | €1,269 | €264 | -€1,005 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €38,081 | €53,638 | +€15,557 | +40.9% |
| Income taxes | 67/77 | €10,735 | €15,056 | +€4,321 | +40.3% |
| Profit (loss) for the period | 9904 | €27,346 | €38,581 | +€11,235 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,346 | €38,581 | +€11,235 | +41.1% |
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 25 October 2026 via checked.be.