ZBW Projects: what changed
ZBW Projects
Largest movements
- Receivables within one year +€14,839
up €14,839 (+315%), from €4,705 to €19,544
of which Trade receivables: +€15,084
- Cash -€8,331
down €8,331 (-52.5%), from €15,872 to €7,541
mainly Receivables within one year (-€14,839) and Stocks and contracts (-€2,500)
- Stocks and contracts +€2,500
new in 2025: €2,500
- Other debts +€10,263
up €10,263 (+500%), from €2,053 to €12,316
- Tax, wage and social debts -€2,500
down €2,500 (-83.3%), from €3,000 to €500
- Reserves +€1,199
up €1,199 (+11.6%), from €10,304 to €11,503
- Gross operating margin -€11,997
down €11,997 (-85.8%), from €13,980 to €1,983
- Taxes -€2,553
down €2,553 (-85.1%), from €3,000 to €447
- Other operating charges -€532
down €532 (-81.8%), from €650 to €118
- Staff costs +€170
new in 2025: €170
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,577 | €29,585 | +€9,008 | +43.8% |
| Current assets | 29/58 | €20,577 | €29,585 | +€9,008 | +43.8% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Contracts in progress | 37 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €4,705 | €19,544 | +€14,839 | +315% |
| Trade receivables | 40 | €3,744 | €18,828 | +€15,084 | +403% |
| Other amounts receivable | 41 | €961 | €716 | -€245 | -25.5% |
| Cash at bank and in hand | 54/58 | €15,872 | €7,541 | -€8,331 | -52.5% |
| Total equity and liabilities | 10/49 | €20,577 | €29,585 | +€9,008 | +43.8% |
| Equity | 10/15 | €15,304 | €16,503 | +€1,199 | +7.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,304 | €11,503 | +€1,199 | +11.6% |
| Distributable reserves | 133 | €10,304 | €11,503 | +€1,199 | +11.6% |
| Amounts payable | 17/49 | €5,273 | €13,083 | +€7,809 | +148% |
| Amounts payable within one year | 42/48 | €5,273 | €13,083 | +€7,809 | +148% |
| Trade debts | 44 | €220 | €266 | +€46 | +21.0% |
| Suppliers | 440/4 | €220 | €266 | +€46 | +21.0% |
| Taxes, remuneration and social security | 45 | €3,000 | €500 | -€2,500 | -83.3% |
| Taxes | 450/3 | €3,000 | €500 | -€2,500 | -83.3% |
| Other amounts payable | 47/48 | €2,053 | €12,316 | +€10,263 | +500% |
| Remuneration, social security and pensions | 62 | - | €170 | +€170 | |
| Other operating charges | 640/8 | €650 | €118 | -€532 | -81.8% |
| Gross operating margin | 9900 | €13,980 | €1,983 | -€11,997 | -85.8% |
| Operating profit (loss) | 9901 | €13,330 | €1,695 | -€11,635 | -87.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26 | €49 | +€23 | +88.7% |
| Recurring financial charges | 65 | €26 | €49 | +€23 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €13,304 | €1,646 | -€11,658 | -87.6% |
| Income taxes | 67/77 | €3,000 | €447 | -€2,553 | -85.1% |
| Profit (loss) for the period | 9904 | €10,304 | €1,199 | -€9,105 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,304 | €1,199 | -€9,105 | -88.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.