ZXX: 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.
ZXX
Largest movements
- Cash -€19,071
down €19,071 (-31.6%), from €60,258 to €41,187
mainly Net result for the year (-€24,227) and Other debts (-€9,435)
- Tangible fixed assets -€9,548
down €9,548 (-38.0%), from €25,128 to €15,580
of which Furniture and vehicles: -€4,845
- Stocks and contracts -€3,991
down €3,991 (-50.1%), from €7,962 to €3,971
- Profit (loss) carried forward -€24,227
down €24,227 (-183%), from -€13,224 to -€37,450
- Other debts -€9,435
down €9,435 (-83.9%), from €11,246 to €1,811
- Trade debts +€3,454
up €3,454 (+20.3%), from €17,008 to €20,462
- Tax, wage and social debts -€3,035
down €3,035 (-28.6%), from €10,594 to €7,559
of which Taxes: -€2,963
- Gross operating margin -€24,585
down €24,585 (-45.8%), from €53,662 to €29,077
- Staff costs -€12,285
down €12,285 (-25.4%), from €48,338 to €36,053
- Other operating charges -€959
down €959 (-24.2%), from €3,964 to €3,005
- Financial charges -€866
down €866 (-21.6%), from €4,005 to €3,139
- Depreciation +€538
up €538 (+5.2%), from €10,411 to €10,948
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 | €96,733 | €64,182 | -€32,552 | -33.7% |
| Fixed assets | 21/28 | €25,343 | €15,795 | -€9,548 | -37.7% |
| Tangible fixed assets | 22/27 | €25,128 | €15,580 | -€9,548 | -38.0% |
| Land and buildings | 22 | €11,063 | €6,684 | -€4,379 | -39.6% |
| Plant, machinery and equipment | 23 | €733 | €409 | -€324 | -44.2% |
| Furniture and vehicles | 24 | €13,333 | €8,488 | -€4,845 | -36.3% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €71,390 | €48,387 | -€23,003 | -32.2% |
| Stocks and contracts in progress | 3 | €7,962 | €3,971 | -€3,991 | -50.1% |
| Stocks | 30/36 | €7,962 | €3,971 | -€3,991 | -50.1% |
| Amounts receivable within one year | 40/41 | €928 | €1,400 | +€472 | +50.9% |
| Trade receivables | 40 | - | €652 | +€652 | |
| Other amounts receivable | 41 | €928 | €748 | -€180 | -19.4% |
| Cash at bank and in hand | 54/58 | €60,258 | €41,187 | -€19,071 | -31.6% |
| Deferred charges and accrued income | 490/1 | €2,243 | €1,828 | -€415 | -18.5% |
| Total equity and liabilities | 10/49 | €96,733 | €64,182 | -€32,552 | -33.7% |
| Equity | 10/15 | €57,885 | €33,659 | -€24,227 | -41.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €52,509 | €52,509 | = | 0.0% |
| Distributable reserves | 133 | €52,509 | €52,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,224 | -€37,450 | -€24,227 | -183% |
| Amounts payable | 17/49 | €38,848 | €30,523 | -€8,325 | -21.4% |
| Amounts payable within one year | 42/48 | €38,848 | €30,523 | -€8,325 | -21.4% |
| Trade debts | 44 | €17,008 | €20,462 | +€3,454 | +20.3% |
| Suppliers | 440/4 | €17,008 | €20,462 | +€3,454 | +20.3% |
| Advances received on contracts in progress | 46 | - | €691 | +€691 | |
| Taxes, remuneration and social security | 45 | €10,594 | €7,559 | -€3,035 | -28.6% |
| Taxes | 450/3 | €4,003 | €1,041 | -€2,963 | -74.0% |
| Remuneration and social security | 454/9 | €6,590 | €6,518 | -€72 | -1.1% |
| Other amounts payable | 47/48 | €11,246 | €1,811 | -€9,435 | -83.9% |
| Remuneration, social security and pensions | 62 | €48,338 | €36,053 | -€12,285 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,411 | €10,948 | +€538 | +5.2% |
| Other operating charges | 640/8 | €3,964 | €3,005 | -€959 | -24.2% |
| Gross operating margin | 9900 | €53,662 | €29,077 | -€24,585 | -45.8% |
| Operating profit (loss) | 9901 | -€9,050 | -€20,930 | -€11,880 | -131% |
| Financial income | 75/76B | €6 | €18 | +€12 | +224% |
| Recurring financial income | 75 | €6 | €18 | +€12 | +224% |
| Financial charges | 65/66B | €4,005 | €3,139 | -€866 | -21.6% |
| Recurring financial charges | 65 | €4,005 | €3,139 | -€866 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,049 | -€24,051 | -€11,001 | -84.3% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€13,224 | -€24,227 | -€11,003 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,224 | -€24,227 | -€11,003 | -83.2% |
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 24 October 2026 via checked.be.