LA ZAGARA: what changed
Two fiscal 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.
LA ZAGARA
Largest movements
- Stocks and contracts +€4,854
up €4,854 (+46.2%), from €10,500 to €15,354
- Receivables within one year -€4,535
no longer reported in 2025 (was €4,535)
- Cash -€3,028
down €3,028 (-30.4%), from €9,943 to €6,916
mainly Stocks and contracts (-€4,854) and Investment in fixed assets (net) (-€4,144)
- Tangible fixed assets +€2,017
up €2,017 (+28.8%), from €7,006 to €9,023
of which Plant, machinery and equipment: +€1,812
- Deferred charges and accrued income +€1,402
new in 2025: €1,402
- Profit (loss) carried forward +€2,863
up €2,863 (+86.7%), from -€3,303 to -€440
- Trade debts -€2,794
down €2,794 (-62.5%), from €4,472 to €1,678
- Tax, wage and social debts -€550
down €550 (-5.6%), from €9,813 to €9,263
of which Taxes: -€3,244
- Other debts +€541
up €541 (+2.4%), from €22,514 to €23,055
- Gross operating margin +€32,817
up €32,817 (+101.5%), from €32,338 to €65,156
- Staff costs +€30,102
up €30,102 (+125.3%), from €24,029 to €54,131
- Depreciation +€1,156
up €1,156 (+83.9%), from €1,377 to €2,533
- Financial income -€760
no longer reported in 2025 (was €760)
- Taxes +€665
up €665 (+30.5%), from €2,182 to €2,847
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.
Cash bridge derived
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 | €37,496 | €37,800 | +€304 | +0.8% |
| Formation expenses | 20 | €1,416 | €1,009 | -€407 | -28.7% |
| Fixed assets | 21/28 | €11,102 | €13,119 | +€2,017 | +18.2% |
| Tangible fixed assets | 22/27 | €7,006 | €9,023 | +€2,017 | +28.8% |
| Plant, machinery and equipment | 23 | - | €1,812 | +€1,812 | |
| Furniture and vehicles | 24 | €7,006 | €7,211 | +€205 | +2.9% |
| Financial fixed assets | 28 | €4,096 | €4,096 | = | 0.0% |
| Current assets | 29/58 | €24,979 | €23,671 | -€1,307 | -5.2% |
| Stocks and contracts in progress | 3 | €10,500 | €15,354 | +€4,854 | +46.2% |
| Stocks | 30/36 | €10,500 | €15,354 | +€4,854 | +46.2% |
| Amounts receivable within one year | 40/41 | €4,535 | - | -€4,535 | |
| Trade receivables | 40 | €4,535 | - | -€4,535 | |
| Cash at bank and in hand | 54/58 | €9,943 | €6,916 | -€3,028 | -30.4% |
| Deferred charges and accrued income | 490/1 | - | €1,402 | +€1,402 | |
| Total equity and liabilities | 10/49 | €37,496 | €37,800 | +€304 | +0.8% |
| Equity | 10/15 | €697 | €3,560 | +€2,863 | +410.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,303 | -€440 | +€2,863 | +86.7% |
| Amounts payable | 17/49 | €36,799 | €34,240 | -€2,560 | -7.0% |
| Amounts payable within one year | 42/48 | €36,799 | €33,996 | -€2,803 | -7.6% |
| Trade debts | 44 | €4,472 | €1,678 | -€2,794 | -62.5% |
| Suppliers | 440/4 | €4,472 | €1,678 | -€2,794 | -62.5% |
| Taxes, remuneration and social security | 45 | €9,813 | €9,263 | -€550 | -5.6% |
| Taxes | 450/3 | €8,097 | €4,852 | -€3,244 | -40.1% |
| Remuneration and social security | 454/9 | €1,717 | €4,411 | +€2,694 | +156.9% |
| Other amounts payable | 47/48 | €22,514 | €23,055 | +€541 | +2.4% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Remuneration, social security and pensions | 62 | €24,029 | €54,131 | +€30,102 | +125.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €2,533 | +€1,156 | +83.9% |
| Other operating charges | 640/8 | €1,286 | €1,256 | -€30 | -2.3% |
| Gross operating margin | 9900 | €32,338 | €65,156 | +€32,817 | +101.5% |
| Operating profit (loss) | 9901 | €5,646 | €7,236 | +€1,589 | +28.1% |
| Financial income | 75/76B | €760 | - | -€760 | |
| Recurring financial income | 75 | €760 | - | -€760 | |
| Financial charges | 65/66B | €1,598 | €1,526 | -€72 | -4.5% |
| Recurring financial charges | 65 | €1,598 | €1,526 | -€72 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €4,809 | €5,710 | +€901 | +18.7% |
| Income taxes | 67/77 | €2,182 | €2,847 | +€665 | +30.5% |
| Profit (loss) for the period | 9904 | €2,626 | €2,863 | +€237 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,626 | €2,863 | +€237 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.