JAN ZAFAR: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
JAN ZAFAR
Largest movements
- Receivables within one year -€21,423
down €21,423 (-96.5%), from €22,192 to €769
of which Trade receivables: -€21,363
- Tangible fixed assets +€3,869
up €3,869 (+1,252%), from €309 to €4,177
of which Furniture and vehicles: +€4,088
- Stocks and contracts +€2,742
up €2,742 (+34.5%), from €7,950 to €10,692
- Cash +€723
up €723 (+36.5%), from €1,982 to €2,705
mainly Receivables within one year (+€21,423) and Net result for the year (+€7,882)
- Deferred charges and accrued income +€470
new in 2025: €470
- Trade debts -€21,125
down €21,125 (-85.2%), from €24,783 to €3,658
- Profit (loss) carried forward +€7,882
up €7,882 (+75.5%), from -€10,444 to -€2,562
- Tax, wage and social debts -€377
down €377 (-4.6%), from €8,222 to €7,846
of which Taxes: -€628
- Purchases and services +€61,819
up €61,819 (+27.0%), from €228,686 to €290,505
- Turnover +€50,591
up €50,591 (+19.3%), from €262,584 to €313,175
- Staff costs -€12,395
down €12,395 (-45.4%), from €27,316 to €14,921
- Gross operating margin -€8,228
down €8,228 (-23.4%), from €35,098 to €26,870
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 | €35,883 | €22,263 | -€13,620 | -38.0% |
| Fixed assets | 21/28 | €3,759 | €7,627 | +€3,869 | +103% |
| Tangible fixed assets | 22/27 | €309 | €4,177 | +€3,869 | +1,252% |
| Furniture and vehicles | 24 | - | €4,088 | +€4,088 | |
| Other tangible fixed assets | 26 | €309 | €90 | -€219 | -71.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €32,124 | €14,635 | -€17,488 | -54.4% |
| Stocks and contracts in progress | 3 | €7,950 | €10,692 | +€2,742 | +34.5% |
| Stocks | 30/36 | €7,950 | €10,692 | +€2,742 | +34.5% |
| Amounts receivable within one year | 40/41 | €22,192 | €769 | -€21,423 | -96.5% |
| Trade receivables | 40 | €22,132 | €769 | -€21,363 | -96.5% |
| Other amounts receivable | 41 | €60 | - | -€60 | |
| Cash at bank and in hand | 54/58 | €1,982 | €2,705 | +€723 | +36.5% |
| Deferred charges and accrued income | 490/1 | - | €470 | +€470 | |
| Total equity and liabilities | 10/49 | €35,883 | €22,263 | -€13,620 | -38.0% |
| Equity | 10/15 | €2,877 | €10,759 | +€7,882 | +274% |
| Contributions | 10/11 | €13,321 | €13,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,444 | -€2,562 | +€7,882 | +75.5% |
| Amounts payable | 17/49 | €33,006 | €11,504 | -€21,502 | -65.1% |
| Amounts payable within one year | 42/48 | €33,006 | €11,504 | -€21,502 | -65.1% |
| Trade debts | 44 | €24,783 | €3,658 | -€21,125 | -85.2% |
| Suppliers | 440/4 | €24,783 | €3,658 | -€21,125 | -85.2% |
| Taxes, remuneration and social security | 45 | €8,222 | €7,846 | -€377 | -4.6% |
| Taxes | 450/3 | €1,773 | €1,145 | -€628 | -35.4% |
| Remuneration and social security | 454/9 | €6,449 | €6,701 | +€252 | +3.9% |
| Turnover | 70 | €262,584 | €313,175 | +€50,591 | +19.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €228,686 | €290,505 | +€61,819 | +27.0% |
| Remuneration, social security and pensions | 62 | €27,316 | €14,921 | -€12,395 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €481 | +€262 | +120% |
| Other operating charges | 640/8 | €4,116 | €1,729 | -€2,388 | -58.0% |
| Gross operating margin | 9900 | €35,098 | €26,870 | -€8,228 | -23.4% |
| Operating profit (loss) | 9901 | €3,446 | €9,738 | +€6,293 | +183% |
| Financial charges | 65/66B | €237 | €1,856 | +€1,619 | +682% |
| Recurring financial charges | 65 | €237 | €1,856 | +€1,619 | +682% |
| Profit (loss) for the period before taxes | 9903 | €3,208 | €7,882 | +€4,674 | +146% |
| Profit (loss) for the period | 9904 | €3,208 | €7,882 | +€4,674 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €3,208 | €7,882 | +€4,674 | +146% |
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 1 November 2026 via checked.be.