ZZip: 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.
ZZip
Largest movements
- Cash -€93,227
down €93,227 (-58.4%), from €159,637 to €66,410
mainly Net result for the year (-€77,924) and Receivables within one year (-€39,393)
- Receivables within one year +€39,393
up €39,393 (+6.9%), from €569,325 to €608,717
of which Trade receivables: +€101,195
- Stocks and contracts -€18,133
down €18,133 (-4.7%), from €381,860 to €363,727
of which Contracts in progress: -€58,965
- Profit (loss) carried forward -€77,924
down €77,924 (-51.3%), from €151,787 to €73,863
- Debts after one year -€25,000
down €25,000 (-63.2%), from €39,583 to €14,583
- Tax, wage and social debts +€14,165
up €14,165 (+64.0%), from €22,144 to €36,309
of which Taxes: +€14,637
- Gross operating margin -€82,936
down €82,936 (-58.6%), from €141,549 to €58,613
- Financial charges -€5,987
down €5,987 (-26.4%), from €22,648 to €16,660
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 | €1,183,817 | €1,103,708 | -€80,109 | -6.8% |
| Fixed assets | 21/28 | €72,854 | €64,854 | -€8,000 | -11.0% |
| Tangible fixed assets | 22/27 | €72,854 | €63,099 | -€9,755 | -13.4% |
| Land and buildings | 22 | €41,851 | €34,648 | -€7,203 | -17.2% |
| Plant, machinery and equipment | 23 | €2,903 | €2,699 | -€204 | -7.0% |
| Furniture and vehicles | 24 | €28,099 | €25,752 | -€2,347 | -8.4% |
| Financial fixed assets | 28 | - | €1,755 | +€1,755 | |
| Current assets | 29/58 | €1,110,963 | €1,038,854 | -€72,109 | -6.5% |
| Stocks and contracts in progress | 3 | €381,860 | €363,727 | -€18,133 | -4.7% |
| Stocks | 30/36 | €180,855 | €221,687 | +€40,832 | +22.6% |
| Contracts in progress | 37 | €201,005 | €142,040 | -€58,965 | -29.3% |
| Amounts receivable within one year | 40/41 | €569,325 | €608,717 | +€39,393 | +6.9% |
| Trade receivables | 40 | €379,079 | €480,274 | +€101,195 | +26.7% |
| Other amounts receivable | 41 | €190,246 | €128,443 | -€61,803 | -32.5% |
| Cash at bank and in hand | 54/58 | €159,637 | €66,410 | -€93,227 | -58.4% |
| Deferred charges and accrued income | 490/1 | €141 | - | -€141 | |
| Total equity and liabilities | 10/49 | €1,183,817 | €1,103,708 | -€80,109 | -6.8% |
| Equity | 10/15 | €468,373 | €390,448 | -€77,924 | -16.6% |
| Reserves | 13 | €316,586 | €316,586 | = | 0.0% |
| Tax-exempt reserves | 132 | €306,586 | €306,586 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,787 | €73,863 | -€77,924 | -51.3% |
| Provisions and deferred taxes | 16 | €102,195 | €102,195 | = | 0.0% |
| Deferred taxes | 168 | €102,195 | €102,195 | = | 0.0% |
| Amounts payable | 17/49 | €613,249 | €611,065 | -€2,184 | -0.4% |
| Amounts payable after more than one year | 17 | €39,583 | €14,583 | -€25,000 | -63.2% |
| Financial debts | 170/4 | €39,583 | €14,583 | -€25,000 | -63.2% |
| Amounts payable within one year | 42/48 | €573,666 | €596,482 | +€22,816 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €27,083 | +€2,083 | +8.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €240,721 | €238,162 | -€2,560 | -1.1% |
| Suppliers | 440/4 | €240,721 | €238,162 | -€2,560 | -1.1% |
| Taxes, remuneration and social security | 45 | €22,144 | €36,309 | +€14,165 | +64.0% |
| Taxes | 450/3 | €9,265 | €23,902 | +€14,637 | +158.0% |
| Remuneration and social security | 454/9 | €12,879 | €12,407 | -€472 | -3.7% |
| Other amounts payable | 47/48 | €35,800 | €44,927 | +€9,127 | +25.5% |
| Remuneration, social security and pensions | 62 | €108,473 | €107,794 | -€679 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,178 | €10,764 | +€586 | +5.8% |
| Other operating charges | 640/8 | €1,084 | €2,172 | +€1,087 | +100.3% |
| Gross operating margin | 9900 | €141,549 | €58,613 | -€82,936 | -58.6% |
| Operating profit (loss) | 9901 | €21,814 | -€62,116 | -€83,930 | |
| Financial income | 75/76B | €1,407 | €1,092 | -€314 | -22.4% |
| Recurring financial income | 75 | €1,407 | €1,092 | -€314 | -22.4% |
| Financial charges | 65/66B | €22,648 | €16,660 | -€5,987 | -26.4% |
| Recurring financial charges | 65 | €22,648 | €16,660 | -€5,987 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €573 | -€77,684 | -€78,257 | |
| Income taxes | 67/77 | €339 | €240 | -€98 | -29.0% |
| Profit (loss) for the period | 9904 | €234 | -€77,924 | -€78,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €234 | -€77,924 | -€78,159 |
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 10 October 2026 via checked.be.