AL ZAIDI: 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.
AL ZAIDI
Largest movements
- Financial fixed assets +€18,225
up €18,225 (+95.9%), from €19,000 to €37,225
- Cash +€5,859
up €5,859 (+4,497%), from €130 to €5,989
mainly Depreciation (+€20,813) and Tax, wage and social debts (+€20,197)
- Stocks and contracts +€4,000
new in 2025: €4,000
- Receivables within one year +€3,323
up €3,323 (+81.5%), from €4,080 to €7,403
of which Trade receivables: +€2,967
- Tangible fixed assets -€1,479
down €1,479 (-1.9%), from €77,406 to €75,927
of which Furniture and vehicles: -€3,981
- Tax, wage and social debts +€20,197
up €20,197 (+76.8%), from €26,286 to €46,483
of which Taxes: +€18,633
- Profit (loss) carried forward +€18,772
up €18,772, from -€12,055 to €6,717
- Debts after one year -€7,340
down €7,340 (-35.2%), from €20,848 to €13,508
- Trade debts -€6,490
down €6,490 (-45.3%), from €14,325 to €7,835
- Other debts +€4,264
up €4,264 (+10.8%), from €39,397 to €43,661
- Gross operating margin +€117,269
up €117,269 (+179%), from €65,401 to €182,670
- Staff costs +€85,193
up €85,193 (+175%), from €48,767 to €133,960
- Taxes +€6,257
new in 2025: €6,257
- Other operating charges -€4,260
down €4,260 (-80.7%), from €5,275 to €1,016
- Financial income +€2,857
new in 2025: €2,857
of which Financial income: +€2,857
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 | €100,616 | €130,544 | +€29,928 | +29.7% |
| Fixed assets | 21/28 | €96,406 | €113,152 | +€16,746 | +17.4% |
| Tangible fixed assets | 22/27 | €77,406 | €75,927 | -€1,479 | -1.9% |
| Plant, machinery and equipment | 23 | €1,396 | €3,897 | +€2,501 | +179% |
| Furniture and vehicles | 24 | €76,010 | €72,029 | -€3,981 | -5.2% |
| Financial fixed assets | 28 | €19,000 | €37,225 | +€18,225 | +95.9% |
| Current assets | 29/58 | €4,210 | €17,392 | +€13,182 | +313% |
| Stocks and contracts in progress | 3 | - | €4,000 | +€4,000 | |
| Stocks | 30/36 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €4,080 | €7,403 | +€3,323 | +81.5% |
| Trade receivables | 40 | €1,543 | €4,510 | +€2,967 | +192% |
| Other amounts receivable | 41 | €2,537 | €2,893 | +€356 | +14.0% |
| Cash at bank and in hand | 54/58 | €130 | €5,989 | +€5,859 | +4,497% |
| Total equity and liabilities | 10/49 | €100,616 | €130,544 | +€29,928 | +29.7% |
| Equity | 10/15 | -€7,055 | €11,717 | +€18,772 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,055 | €6,717 | +€18,772 | |
| Amounts payable | 17/49 | €107,672 | €118,827 | +€11,156 | +10.4% |
| Amounts payable after more than one year | 17 | €20,848 | €13,508 | -€7,340 | -35.2% |
| Financial debts | 170/4 | €20,848 | €13,508 | -€7,340 | -35.2% |
| Amounts payable within one year | 42/48 | €86,824 | €105,319 | +€18,495 | +21.3% |
| Financial debts | 43 | €6,816 | €7,340 | +€524 | +7.7% |
| Credit institutions | 430/8 | €6,816 | €7,340 | +€524 | +7.7% |
| Trade debts | 44 | €14,325 | €7,835 | -€6,490 | -45.3% |
| Suppliers | 440/4 | €14,325 | €7,835 | -€6,490 | -45.3% |
| Taxes, remuneration and social security | 45 | €26,286 | €46,483 | +€20,197 | +76.8% |
| Taxes | 450/3 | €20,742 | €39,375 | +€18,633 | +89.8% |
| Remuneration and social security | 454/9 | €5,544 | €7,108 | +€1,564 | +28.2% |
| Other amounts payable | 47/48 | €39,397 | €43,661 | +€4,264 | +10.8% |
| Remuneration, social security and pensions | 62 | €48,767 | €133,960 | +€85,193 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,890 | €20,813 | +€923 | +4.6% |
| Other operating charges | 640/8 | €5,275 | €1,016 | -€4,260 | -80.7% |
| Non-recurring operating charges | 66A | - | €1,729 | +€1,729 | |
| Gross operating margin | 9900 | €65,401 | €182,670 | +€117,269 | +179% |
| Operating profit (loss) | 9901 | -€8,532 | €25,152 | +€33,684 | |
| Financial income | 75/76B | - | €2,857 | +€2,857 | |
| Recurring financial income | 75 | - | €2,857 | +€2,857 | |
| Non-recurring financial income | 76B | - | €2,857 | +€2,857 | |
| Financial charges | 65/66B | €3,523 | €2,979 | -€544 | -15.4% |
| Recurring financial charges | 65 | €3,523 | €2,979 | -€544 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,055 | €25,030 | +€37,085 | |
| Income taxes | 67/77 | - | €6,257 | +€6,257 | |
| Profit (loss) for the period | 9904 | -€12,055 | €18,772 | +€30,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,055 | €18,772 | +€30,827 |
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 25 October 2026 via checked.be.