DURAN ZEHRA: 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.
DURAN ZEHRA
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€8,719
down €8,719 (-6.5%), from €134,433 to €125,714
mainly Current investments (-€50,000) and Debts after one year (-€21,709)
- Tangible fixed assets -€6,345
down €6,345 (-2.5%), from €255,652 to €249,307
of which Land and buildings: -€5,944
- Reserves +€58,540
up €58,540 (+30.7%), from €190,541 to €249,081
of which Distributable reserves: +€58,540
- Debts after one year -€21,709
down €21,709 (-11.8%), from €183,724 to €162,015
- Trade debts +€6,228
up €6,228 (+21.2%), from €29,444 to €35,672
- Tax, wage and social debts -€5,816
down €5,816 (-19.4%), from €29,931 to €24,116
of which Taxes: -€4,818
- Staff costs +€11,893
up €11,893 (+21.6%), from €55,060 to €66,953
- Depreciation -€11,204
down €11,204 (-63.8%), from €17,549 to €6,345
- Gross operating margin +€2,702
up €2,702 (+1.7%), from €162,308 to €165,010
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 | €493,155 | €531,335 | +€38,179 | +7.7% |
| Fixed assets | 21/28 | €255,652 | €249,307 | -€6,345 | -2.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €255,652 | €249,307 | -€6,345 | -2.5% |
| Land and buildings | 22 | €253,917 | €247,972 | -€5,944 | -2.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,735 | €1,335 | -€401 | -23.1% |
| Current assets | 29/58 | €237,503 | €282,028 | +€44,524 | +18.7% |
| Stocks and contracts in progress | 3 | €55,116 | €57,375 | +€2,259 | +4.1% |
| Stocks | 30/36 | €55,116 | €57,375 | +€2,259 | +4.1% |
| Amounts receivable within one year | 40/41 | €44,547 | €44,469 | -€79 | -0.2% |
| Trade receivables | 40 | €44,155 | €43,554 | -€601 | -1.4% |
| Other amounts receivable | 41 | €392 | €914 | +€522 | +133% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €134,433 | €125,714 | -€8,719 | -6.5% |
| Deferred charges and accrued income | 490/1 | €3,407 | €4,470 | +€1,063 | +31.2% |
| Total equity and liabilities | 10/49 | €493,155 | €531,335 | +€38,179 | +7.7% |
| Equity | 10/15 | €210,541 | €269,081 | +€58,540 | +27.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €190,541 | €249,081 | +€58,540 | +30.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €190,541 | €249,081 | +€58,540 | +30.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €282,614 | €262,254 | -€20,360 | -7.2% |
| Amounts payable after more than one year | 17 | €183,724 | €162,015 | -€21,709 | -11.8% |
| Financial debts | 170/4 | €183,724 | €162,015 | -€21,709 | -11.8% |
| Amounts payable within one year | 42/48 | €96,315 | €98,750 | +€2,435 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €22,980 | €25,043 | +€2,063 | +9.0% |
| Trade debts | 44 | €29,444 | €35,672 | +€6,228 | +21.2% |
| Suppliers | 440/4 | €29,444 | €35,672 | +€6,228 | +21.2% |
| Taxes, remuneration and social security | 45 | €29,931 | €24,116 | -€5,816 | -19.4% |
| Taxes | 450/3 | €14,919 | €10,101 | -€4,818 | -32.3% |
| Remuneration and social security | 454/9 | €15,012 | €14,015 | -€998 | -6.6% |
| Other amounts payable | 47/48 | €13,960 | €13,920 | -€40 | -0.3% |
| Accrued charges and deferred income | 492/3 | €2,575 | €1,489 | -€1,086 | -42.2% |
| Remuneration, social security and pensions | 62 | €55,060 | €66,953 | +€11,893 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,549 | €6,345 | -€11,204 | -63.8% |
| Other operating charges | 640/8 | €1,043 | €1,679 | +€636 | +60.9% |
| Gross operating margin | 9900 | €162,308 | €165,010 | +€2,702 | +1.7% |
| Operating profit (loss) | 9901 | €88,655 | €90,033 | +€1,378 | +1.6% |
| Financial income | 75/76B | €1,516 | €1,396 | -€121 | -7.9% |
| Recurring financial income | 75 | €1,516 | €1,396 | -€121 | -7.9% |
| Financial charges | 65/66B | €8,566 | €9,169 | +€603 | +7.0% |
| Recurring financial charges | 65 | €8,566 | €9,169 | +€603 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €81,605 | €82,260 | +€655 | +0.8% |
| Income taxes | 67/77 | €16,069 | €15,757 | -€312 | -1.9% |
| Profit (loss) for the period | 9904 | €65,536 | €66,504 | +€968 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,536 | €66,504 | +€968 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.