VAN ZAGROS: what changed
VAN ZAGROS
Largest movements
- Receivables within one year +€11,686
up €11,686 (+66.7%), from €17,513 to €29,199
of which Other amounts receivable: +€7,356
- Cash +€7,434
up €7,434 (+66.9%), from €11,112 to €18,546
- Tangible fixed assets +€5,989
new in 2025: €5,989
- Profit (loss) carried forward +€32,326
up €32,326 (+1,041%), from €3,106 to €35,432
- Other debts -€9,004
down €9,004 (-95.6%), from €9,414 to €410
- Trade debts +€3,852
up €3,852 (+93.0%), from €4,144 to €7,995
- Tax, wage and social debts -€2,064
down €2,064 (-20.3%), from €10,187 to €8,123
of which Remuneration and social security: -€2,577
- Staff costs +€45,761
new in 2025: €45,761
- Gross operating margin +€39,411
up €39,411 (+1,084%), from €3,635 to €43,046
- Taxes +€10,558
new in 2025: €10,558
- Depreciation +€1,600
new in 2025: €1,600
- Other operating charges +€1,323
up €1,323 (+807%), from €164 to €1,487
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,850 | €53,960 | +€25,109 | +87.0% |
| Fixed assets | 21/28 | €225 | €6,214 | +€5,989 | +2,662% |
| Tangible fixed assets | 22/27 | - | €5,989 | +€5,989 | |
| Furniture and vehicles | 24 | - | €5,989 | +€5,989 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €28,625 | €47,746 | +€19,120 | +66.8% |
| Amounts receivable within one year | 40/41 | €17,513 | €29,199 | +€11,686 | +66.7% |
| Trade receivables | 40 | €17,513 | €21,843 | +€4,331 | +24.7% |
| Other amounts receivable | 41 | - | €7,356 | +€7,356 | |
| Cash at bank and in hand | 54/58 | €11,112 | €18,546 | +€7,434 | +66.9% |
| Total equity and liabilities | 10/49 | €28,850 | €53,960 | +€25,109 | +87.0% |
| Equity | 10/15 | €5,106 | €37,432 | +€32,326 | +633% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,106 | €35,432 | +€32,326 | +1,041% |
| Amounts payable | 17/49 | €23,744 | €16,527 | -€7,217 | -30.4% |
| Amounts payable within one year | 42/48 | €23,744 | €16,527 | -€7,217 | -30.4% |
| Trade debts | 44 | €4,144 | €7,995 | +€3,852 | +93.0% |
| Suppliers | 440/4 | €4,144 | €7,995 | +€3,852 | +93.0% |
| Taxes, remuneration and social security | 45 | €10,187 | €8,123 | -€2,064 | -20.3% |
| Taxes | 450/3 | €6,187 | €6,699 | +€513 | +8.3% |
| Remuneration and social security | 454/9 | €4,000 | €1,423 | -€2,577 | -64.4% |
| Other amounts payable | 47/48 | €9,414 | €410 | -€9,004 | -95.6% |
| Non-recurring operating income | 76A | - | €3,952 | +€3,952 | |
| Remuneration, social security and pensions | 62 | - | €45,761 | +€45,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,600 | +€1,600 | |
| Other operating charges | 640/8 | €164 | €1,487 | +€1,323 | +807% |
| Gross operating margin | 9900 | €3,635 | €43,046 | +€39,411 | +1,084% |
| Operating profit (loss) | 9901 | €3,471 | -€5,801 | -€9,272 | |
| Financial charges | 65/66B | €365 | €501 | +€136 | +37.3% |
| Recurring financial charges | 65 | €365 | €501 | +€136 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €3,106 | -€6,302 | -€9,409 | |
| Income taxes | 67/77 | - | €10,558 | +€10,558 | |
| Profit (loss) for the period | 9904 | €3,106 | -€16,860 | -€19,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,106 | -€16,860 | -€19,966 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.