ZA COMPANY: what changed
ZA COMPANY
Largest movements
- Receivables within one year +€27,597
up €27,597 (+144%), from €19,221 to €46,818
- Tangible fixed assets -€8,531
down €8,531 (-85.5%), from €9,979 to €1,448
- Cash +€2,159
up €2,159 (+24.1%), from €8,971 to €11,130
mainly Trade debts (+€13,796) and Net result for the year (+€12,521)
- Deferred charges and accrued income +€1,380
new in 2025: €1,380
- Trade debts +€13,796
up €13,796 (+1,567%), from €880 to €14,676
- Profit (loss) carried forward +€12,521
up €12,521 (+504%), from €2,487 to €15,007
- Other debts -€2,496
down €2,496 (-9.6%), from €25,985 to €23,489
- Tax, wage and social debts -€1,215
down €1,215 (-9.5%), from €12,820 to €11,605
of which Remuneration and social security: -€3,689
- Gross operating margin +€20,221
up €20,221 (+108%), from €18,704 to €38,925
- Taxes +€6,463
new in 2025: €6,463
- Other operating charges +€5,500
up €5,500 (+1,172%), from €469 to €5,969
- Staff costs +€2,735
up €2,735 (+27.3%), from €10,009 to €12,744
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 | €47,172 | €69,777 | +€22,605 | +47.9% |
| Fixed assets | 21/28 | €18,979 | €10,448 | -€8,531 | -44.9% |
| Tangible fixed assets | 22/27 | €9,979 | €1,448 | -€8,531 | -85.5% |
| Furniture and vehicles | 24 | €9,979 | €1,448 | -€8,531 | -85.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €28,193 | €59,329 | +€31,136 | +110% |
| Amounts receivable within one year | 40/41 | €19,221 | €46,818 | +€27,597 | +144% |
| Trade receivables | 40 | €19,221 | €46,818 | +€27,597 | +144% |
| Cash at bank and in hand | 54/58 | €8,971 | €11,130 | +€2,159 | +24.1% |
| Deferred charges and accrued income | 490/1 | - | €1,380 | +€1,380 | |
| Total equity and liabilities | 10/49 | €47,172 | €69,777 | +€22,605 | +47.9% |
| Equity | 10/15 | €7,487 | €20,007 | +€12,521 | +167% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,487 | €15,007 | +€12,521 | +504% |
| Amounts payable | 17/49 | €39,685 | €49,770 | +€10,085 | +25.4% |
| Amounts payable within one year | 42/48 | €39,685 | €49,770 | +€10,085 | +25.4% |
| Trade debts | 44 | €880 | €14,676 | +€13,796 | +1,567% |
| Suppliers | 440/4 | €880 | €14,676 | +€13,796 | +1,567% |
| Taxes, remuneration and social security | 45 | €12,820 | €11,605 | -€1,215 | -9.5% |
| Taxes | 450/3 | €4,928 | €7,402 | +€2,474 | +50.2% |
| Remuneration and social security | 454/9 | €7,892 | €4,203 | -€3,689 | -46.7% |
| Other amounts payable | 47/48 | €25,985 | €23,489 | -€2,496 | -9.6% |
| Remuneration, social security and pensions | 62 | €10,009 | €12,744 | +€2,735 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €826 | +€325 | +64.9% |
| Other operating charges | 640/8 | €469 | €5,969 | +€5,500 | +1,172% |
| Gross operating margin | 9900 | €18,704 | €38,925 | +€20,221 | +108% |
| Operating profit (loss) | 9901 | €7,726 | €19,386 | +€11,660 | +151% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €266 | €402 | +€137 | +51.4% |
| Recurring financial charges | 65 | €266 | €264 | -€2 | -0.8% |
| Non-recurring financial charges | 66B | - | €139 | +€139 | |
| Profit (loss) for the period before taxes | 9903 | €7,460 | €18,984 | +€11,524 | +154% |
| Income taxes | 67/77 | - | €6,463 | +€6,463 | |
| Profit (loss) for the period | 9904 | €7,460 | €12,521 | +€5,061 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,460 | €12,521 | +€5,061 | +67.8% |
Next steps
Calculation and sources
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 7 November 2026 via checked.be.