DA ZICARI: 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.
DA ZICARI
Largest movements
- Tangible fixed assets +€22,931
up €22,931 (+3.1%), from €731,572 to €754,503
of which Furniture and vehicles: +€36,429
- Cash -€19,224
down €19,224 (-29.8%), from €64,471 to €45,247
mainly Investment in fixed assets (net) (-€78,639) and Other debts (-€6,103)
- Stocks and contracts -€9,099
down €9,099 (-11.5%), from €79,407 to €70,308
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€21,747
down €21,747 (-11.8%), from €184,323 to €162,576
- Depreciation +€3,532
up €3,532 (+6.8%), from €52,176 to €55,708
- Staff costs -€2,774
down €2,774 (-3.6%), from €78,093 to €75,319
- Financial charges -€2,769
down €2,769 (-10.2%), from €27,258 to €24,489
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 | €876,772 | €873,501 | -€3,271 | -0.4% |
| Fixed assets | 21/28 | €732,072 | €755,003 | +€22,931 | +3.1% |
| Tangible fixed assets | 22/27 | €731,572 | €754,503 | +€22,931 | +3.1% |
| Land and buildings | 22 | €685,070 | €678,434 | -€6,636 | -1.0% |
| Plant, machinery and equipment | 23 | €28,047 | €21,185 | -€6,862 | -24.5% |
| Furniture and vehicles | 24 | €18,455 | €54,884 | +€36,429 | +197% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €144,700 | €118,498 | -€26,202 | -18.1% |
| Stocks and contracts in progress | 3 | €79,407 | €70,308 | -€9,099 | -11.5% |
| Stocks | 30/36 | €79,407 | €70,308 | -€9,099 | -11.5% |
| Amounts receivable within one year | 40/41 | €5 | €2,942 | +€2,937 | +58,748% |
| Trade receivables | 40 | €5 | €2,942 | +€2,937 | +58,748% |
| Cash at bank and in hand | 54/58 | €64,471 | €45,247 | -€19,224 | -29.8% |
| Deferred charges and accrued income | 490/1 | €816 | - | -€816 | |
| Total equity and liabilities | 10/49 | €876,772 | €873,501 | -€3,271 | -0.4% |
| Equity | 10/15 | €46,807 | €43,757 | -€3,050 | -6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,807 | €23,757 | -€3,050 | -11.4% |
| Distributable reserves | 133 | €26,807 | €23,757 | -€3,050 | -11.4% |
| Amounts payable | 17/49 | €829,965 | €829,744 | -€221 | 0.0% |
| Amounts payable after more than one year | 17 | €729,346 | €726,500 | -€2,846 | -0.4% |
| Financial debts | 170/4 | €559,986 | €557,140 | -€2,846 | -0.5% |
| Other amounts payable | 178/9 | €169,360 | €169,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,619 | €103,244 | +€2,625 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €38,054 | €44,765 | +€6,712 | +17.6% |
| Trade debts | 44 | €5,046 | €5,949 | +€903 | +17.9% |
| Suppliers | 440/4 | €5,046 | €5,949 | +€903 | +17.9% |
| Advances received on contracts in progress | 46 | - | €3,225 | +€3,225 | |
| Taxes, remuneration and social security | 45 | €17,514 | €15,403 | -€2,111 | -12.1% |
| Taxes | 450/3 | €5,320 | €9,666 | +€4,346 | +81.7% |
| Remuneration and social security | 454/9 | €12,194 | €5,737 | -€6,457 | -52.9% |
| Other amounts payable | 47/48 | €40,005 | €33,902 | -€6,103 | -15.3% |
| Remuneration, social security and pensions | 62 | €78,093 | €75,319 | -€2,774 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,176 | €55,708 | +€3,532 | +6.8% |
| Other operating charges | 640/8 | €8,686 | €10,175 | +€1,489 | +17.1% |
| Non-recurring operating charges | 66A | €3,058 | - | -€3,058 | |
| Gross operating margin | 9900 | €184,323 | €162,576 | -€21,747 | -11.8% |
| Operating profit (loss) | 9901 | €42,310 | €21,373 | -€20,937 | -49.5% |
| Financial income | 75/76B | €244 | €232 | -€12 | -5.1% |
| Recurring financial income | 75 | €244 | €232 | -€12 | -5.1% |
| Financial charges | 65/66B | €27,258 | €24,489 | -€2,769 | -10.2% |
| Recurring financial charges | 65 | €27,258 | €24,489 | -€2,769 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €15,297 | -€2,883 | -€18,180 | |
| Income taxes | 67/77 | €0 | €167 | +€166 | +43,750% |
| Profit (loss) for the period | 9904 | €15,296 | -€3,050 | -€18,347 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,296 | -€3,050 | -€18,347 |
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 26 October 2026 via checked.be.