Cabinet Zarrouk: what changed
Cabinet Zarrouk
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-11.4%), from €109,375 to €96,875
- Cash +€2,301
up €2,301 (+3.6%), from €64,674 to €66,975
mainly Net result for the year (+€52,765) and Depreciation (+€12,500)
- Profit (loss) carried forward +€52,765
up €52,765 (+110%), from €47,858 to €100,623
- Tax, wage and social debts -€39,790
down €39,790 (-93.0%), from €42,788 to €2,999
of which Taxes: -€39,808
- Debts after one year -€15,216
down €15,216 (-59.1%), from €25,747 to €10,531
- Other debts -€8,192
down €8,192 (-21.8%), from €37,608 to €29,416
- Taxes -€8,500
down €8,500 (-56.7%), from €15,000 to €6,500
- Gross operating margin -€6,219
down €6,219 (-7.8%), from €79,653 to €73,434
- Depreciation -€3,125
down €3,125 (-20.0%), from €15,625 to €12,500
- Financial charges +€1,000
up €1,000 (+149%), from €670 to €1,669
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 | €174,049 | €164,285 | -€9,764 | -5.6% |
| Fixed assets | 21/28 | €109,375 | €96,875 | -€12,500 | -11.4% |
| Intangible fixed assets | 21 | €109,375 | €96,875 | -€12,500 | -11.4% |
| Current assets | 29/58 | €64,674 | €67,410 | +€2,736 | +4.2% |
| Amounts receivable within one year | 40/41 | - | €294 | +€294 | |
| Trade receivables | 40 | - | €294 | +€294 | |
| Cash at bank and in hand | 54/58 | €64,674 | €66,975 | +€2,301 | +3.6% |
| Deferred charges and accrued income | 490/1 | - | €141 | +€141 | |
| Total equity and liabilities | 10/49 | €174,049 | €164,285 | -€9,764 | -5.6% |
| Equity | 10/15 | €53,358 | €106,123 | +€52,765 | +98.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,858 | €100,623 | +€52,765 | +110% |
| Amounts payable | 17/49 | €120,691 | €58,162 | -€62,529 | -51.8% |
| Amounts payable after more than one year | 17 | €25,747 | €10,531 | -€15,216 | -59.1% |
| Financial debts | 170/4 | €25,747 | €10,531 | -€15,216 | -59.1% |
| Amounts payable within one year | 42/48 | €94,944 | €47,631 | -€47,313 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €14,548 | €15,216 | +€669 | +4.6% |
| Taxes, remuneration and social security | 45 | €42,788 | €2,999 | -€39,790 | -93.0% |
| Taxes | 450/3 | €39,808 | - | -€39,808 | |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €37,608 | €29,416 | -€8,192 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,625 | €12,500 | -€3,125 | -20.0% |
| Gross operating margin | 9900 | €79,653 | €73,434 | -€6,219 | -7.8% |
| Operating profit (loss) | 9901 | €64,028 | €60,934 | -€3,094 | -4.8% |
| Financial charges | 65/66B | €670 | €1,669 | +€1,000 | +149% |
| Recurring financial charges | 65 | €670 | €1,669 | +€1,000 | +149% |
| Profit (loss) for the period before taxes | 9903 | €63,358 | €59,265 | -€4,093 | -6.5% |
| Income taxes | 67/77 | €15,000 | €6,500 | -€8,500 | -56.7% |
| Profit (loss) for the period | 9904 | €48,358 | €52,765 | +€4,407 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,358 | €52,765 | +€4,407 | +9.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.