ZYNO: 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.
What changed
ZYNO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€299
2024 · €15,380-€15,081
Equity
€377,838
2024 · €377,539+€299
Cash
€12,318
2024 · €15,053-€2,735
Balance sheet total
€965,100
2024 · €1.0m-€40,692
Largest movements
Assets
- Receivables within one year -€48,629
down €48,629 (-42.2%), from €115,099 to €66,469
of which Trade receivables: -€49,129
Equity and liabilities
- Debts after one year -€68,322
down €68,322 (-25.3%), from €269,605 to €201,283
- Advances received +€17,634
new in 2025: €17,634
- Current portion of long-term debt +€14,664
up €14,664 (+11.3%), from €130,050 to €144,714
- Other debts +€13,283
up €13,283 (+7.9%), from €167,924 to €181,207
Income statement
- Depreciation +€32,971
up €32,971 (+26.5%), from €124,508 to €157,479
- Financial charges -€10,125
down €10,125 (-61.3%), from €16,529 to €6,405
- Gross operating margin +€6,801
up €6,801 (+4.0%), from €167,986 to €174,787
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.
Result 2024
€15,380
Gross operating margin
+€6,801
Depreciation
-€32,971
Other operating charges
+€581
Other operating items
+€1,089
Financial income
-€600
Financial charges
+€10,125
Taxes
-€105
Result 2025
€299
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€217,773
Investment
-€166,850
Financing
-€53,658
Cash 2024
€15,053
From operations (derived)
+€217,773
Net result for the year
+€299
Depreciation
+€157,479
Receivables within one year
+€48,629
Deferred charges and accrued income
-€1,301
Trade debts
-€6,188
Tax, wage and social debts
-€6,510
Advances received
+€17,634
Other debts
+€13,283
Accrued charges and deferred income
-€5,551
Investment (derived)
-€166,850
Investment in fixed assets (net)
-€166,850
Financing
-€53,658
Debts after one year
-€68,322
Current portion of long-term debt
+€14,664
Cash 2025
€12,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,005,792 | €965,100 | -€40,692 | -4.0% |
| Fixed assets | 21/28 | €872,703 | €882,074 | +€9,371 | +1.1% |
| Tangible fixed assets | 22/27 | €871,703 | €881,074 | +€9,371 | +1.1% |
| Land and buildings | 22 | €193,500 | €193,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €258,707 | €287,053 | +€28,347 | +11.0% |
| Furniture and vehicles | 24 | €229,496 | €210,520 | -€18,976 | -8.3% |
| Other tangible fixed assets | 26 | €190,000 | €190,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €133,089 | €83,026 | -€50,063 | -37.6% |
| Amounts receivable within one year | 40/41 | €115,099 | €66,469 | -€48,629 | -42.2% |
| Trade receivables | 40 | €115,099 | €65,969 | -€49,129 | -42.7% |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €15,053 | €12,318 | -€2,735 | -18.2% |
| Deferred charges and accrued income | 490/1 | €2,938 | €4,239 | +€1,301 | +44.3% |
| Total equity and liabilities | 10/49 | €1,005,792 | €965,100 | -€40,692 | -4.0% |
| Equity | 10/15 | €377,539 | €377,838 | +€299 | +0.1% |
| Contributions | 10/11 | €307,000 | €307,000 | = | 0.0% |
| Reserves | 13 | €47,528 | €47,528 | = | 0.0% |
| Distributable reserves | 133 | €47,528 | €47,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,011 | €23,310 | +€299 | +1.3% |
| Amounts payable | 17/49 | €628,253 | €587,262 | -€40,991 | -6.5% |
| Amounts payable after more than one year | 17 | €269,605 | €201,283 | -€68,322 | -25.3% |
| Financial debts | 170/4 | €269,605 | €201,283 | -€68,322 | -25.3% |
| Amounts payable within one year | 42/48 | €353,096 | €385,978 | +€32,882 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €130,050 | €144,714 | +€14,664 | +11.3% |
| Trade debts | 44 | €43,259 | €37,071 | -€6,188 | -14.3% |
| Suppliers | 440/4 | €43,259 | €37,071 | -€6,188 | -14.3% |
| Advances received on contracts in progress | 46 | - | €17,634 | +€17,634 | |
| Taxes, remuneration and social security | 45 | €11,863 | €5,353 | -€6,510 | -54.9% |
| Taxes | 450/3 | €11,863 | €5,353 | -€6,510 | -54.9% |
| Other amounts payable | 47/48 | €167,924 | €181,207 | +€13,283 | +7.9% |
| Accrued charges and deferred income | 492/3 | €5,551 | - | -€5,551 | |
| Non-recurring operating income | 76A | €53,780 | €9,190 | -€44,590 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,508 | €157,479 | +€32,971 | +26.5% |
| Other operating charges | 640/8 | €11,010 | €10,429 | -€581 | -5.3% |
| Non-recurring operating charges | 66A | €1,089 | - | -€1,089 | |
| Gross operating margin | 9900 | €167,986 | €174,787 | +€6,801 | +4.0% |
| Operating profit (loss) | 9901 | €31,379 | €6,879 | -€24,501 | -78.1% |
| Financial income | 75/76B | €600 | - | -€600 | |
| Recurring financial income | 75 | €600 | - | -€600 | |
| Financial charges | 65/66B | €16,529 | €6,405 | -€10,125 | -61.3% |
| Recurring financial charges | 65 | €16,529 | €6,405 | -€10,125 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €15,450 | €474 | -€14,976 | -96.9% |
| Income taxes | 67/77 | €70 | €174 | +€105 | +150% |
| Profit (loss) for the period | 9904 | €15,380 | €299 | -€15,081 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,380 | €299 | -€15,081 | -98.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.