What changed?
Two fiscal 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.
EBCS ZIRCON
Largest movements
- Cash +€47,968
up €47,968 (+77.1%), from €62,223 to €110,191
mainly Receivables within one year (+€25,151) and Trade debts (+€20,953)
- Receivables within one year -€25,151
down €25,151 (-86.2%), from €29,184 to €4,032
of which Trade receivables: -€24,723
- Trade debts +€20,953
up €20,953 (+78.7%), from €26,613 to €47,566
- Profit (loss) carried forward +€2,526
up €2,526 (+5.9%), from €42,776 to €45,302
- Gross operating margin -€270
down €270 (-6.3%), from €4,282 to €4,012
- Taxes -€61
down €61 (-6.7%), from €919 to €858
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 | €91,406 | €114,868 | +€23,462 | +25.7% |
| Current assets | 29/58 | €91,406 | €114,868 | +€23,462 | +25.7% |
| Amounts receivable within one year | 40/41 | €29,184 | €4,032 | -€25,151 | -86.2% |
| Trade receivables | 40 | €28,032 | €3,310 | -€24,723 | -88.2% |
| Other amounts receivable | 41 | €1,151 | €723 | -€429 | -37.2% |
| Cash at bank and in hand | 54/58 | €62,223 | €110,191 | +€47,968 | +77.1% |
| Deferred charges and accrued income | 490/1 | €0 | €645 | +€645 | |
| Total equity and liabilities | 10/49 | €91,406 | €114,868 | +€23,462 | +25.7% |
| Equity | 10/15 | €64,776 | €67,302 | +€2,526 | +3.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,776 | €45,302 | +€2,526 | +5.9% |
| Amounts payable | 17/49 | €26,630 | €47,566 | +€20,936 | +78.6% |
| Amounts payable within one year | 42/48 | €26,613 | €47,566 | +€20,953 | +78.7% |
| Trade debts | 44 | €26,613 | €47,566 | +€20,953 | +78.7% |
| Suppliers | 440/4 | €26,613 | €47,566 | +€20,953 | +78.7% |
| Accrued charges and deferred income | 492/3 | €17 | €0 | -€17 | -100.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,282 | €4,012 | -€270 | -6.3% |
| Operating profit (loss) | 9901 | €3,895 | €3,613 | -€282 | -7.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €217 | €229 | +€12 | +5.4% |
| Recurring financial charges | 65 | €217 | €229 | +€12 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €3,678 | €3,384 | -€294 | -8.0% |
| Income taxes | 67/77 | €919 | €858 | -€61 | -6.7% |
| Profit (loss) for the period | 9904 | €2,758 | €2,526 | -€233 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,758 | €2,526 | -€233 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.