ZABA COMMERCE: 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.
What changed
ZABA COMMERCE
NACE 46.389, Wholesale of other food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,471
2024 · €99,253-€21,782
Equity
€115,369
2024 · €39,847+€75,522
Cash
€158,725
2024 · €168,230-€9,505
Balance sheet total
€1.1m
2024 · €1.2m-€109,862
Largest movements
Assets
- Tangible fixed assets -€180,257
down €180,257 (-45.5%), from €395,842 to €215,585
of which Leasing and similar rights: -€126,052
- Stocks and contracts +€63,004
up €63,004 (+14.8%), from €424,970 to €487,974
- Receivables within one year +€18,847
up €18,847 (+10.5%), from €179,776 to €198,623
of which Trade receivables: +€16,514
Equity and liabilities
- Debts after one year -€353,750
down €353,750 (-73.2%), from €483,253 to €129,504
- Trade debts +€177,471
up €177,471 (+49.6%), from €357,873 to €535,344
- Profit (loss) carried forward +€77,471
up €77,471 (+50.6%), from -€152,999 to -€75,527
- Current portion of long-term debt -€35,935
down €35,935 (-29.1%), from €123,696 to €87,761
- Tax, wage and social debts +€19,235
up €19,235 (+18.8%), from €102,491 to €121,726
of which Taxes: +€19,866
Income statement
- Staff costs +€54,342
up €54,342 (+10.1%), from €536,733 to €591,074
- Gross operating margin +€47,364
up €47,364 (+5.5%), from €859,029 to €906,392
- Financial charges -€29,496
down €29,496 (-60.5%), from €48,763 to €19,267
- Write-downs +€21,113
new in 2025: €21,113
- Taxes +€20,159
up €20,159 (+117.1%), from €17,208 to €37,367
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.
Result 2024
€99,253
Gross operating margin
+€47,364
Staff costs
-€54,342
Depreciation
+€19,030
Write-downs
-€21,113
Other operating charges
-€16,036
Other operating items
+€7,797
Financial income
-€13,819
Financial charges
+€29,496
Taxes
-€20,159
Result 2025
€77,471
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.
From operations
+€333,408
Investment
+€35,166
Financing
-€378,079
Cash 2024
€168,230
From operations (derived)
+€333,408
Net result for the year
+€77,471
Depreciation
+€142,344
Stocks and contracts
-€63,004
Receivables within one year
-€18,847
Deferred charges and accrued income
+€4,697
Provisions
-€650
Trade debts
+€177,471
Tax, wage and social debts
+€19,235
Other debts
-€5,310
Investment (derived)
+€35,166
Investment in fixed assets (net)
+€35,166
Financing
-€378,079
Debts after one year
-€353,750
Current portion of long-term debt
-€35,935
Short-term financial debts
+€13,554
Contributions, distributions and other
-€1,949
Cash 2025
€158,725
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,192,611 | €1,082,749 | -€109,862 | -9.2% |
| Fixed assets | 21/28 | €398,302 | €220,792 | -€177,510 | -44.6% |
| Tangible fixed assets | 22/27 | €395,842 | €215,585 | -€180,257 | -45.5% |
| Plant, machinery and equipment | 23 | €1,898 | €2,336 | +€438 | +23.1% |
| Furniture and vehicles | 24 | €14,793 | €24,162 | +€9,370 | +63.3% |
| Leasing and similar rights | 25 | €281,421 | €155,369 | -€126,052 | -44.8% |
| Other tangible fixed assets | 26 | €97,730 | €33,718 | -€64,012 | -65.5% |
| Financial fixed assets | 28 | €2,460 | €5,207 | +€2,747 | +111.7% |
| Current assets | 29/58 | €794,308 | €861,957 | +€67,649 | +8.5% |
| Stocks and contracts in progress | 3 | €424,970 | €487,974 | +€63,004 | +14.8% |
| Stocks | 30/36 | €424,970 | €487,974 | +€63,004 | +14.8% |
| Amounts receivable within one year | 40/41 | €179,776 | €198,623 | +€18,847 | +10.5% |
| Trade receivables | 40 | €176,121 | €192,635 | +€16,514 | +9.4% |
| Other amounts receivable | 41 | €3,655 | €5,988 | +€2,333 | +63.8% |
| Cash at bank and in hand | 54/58 | €168,230 | €158,725 | -€9,505 | -5.7% |
| Deferred charges and accrued income | 490/1 | €21,332 | €16,635 | -€4,697 | -22.0% |
| Total equity and liabilities | 10/49 | €1,192,611 | €1,082,749 | -€109,862 | -9.2% |
| Equity | 10/15 | €39,847 | €115,369 | +€75,522 | +189.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,296 | €172,296 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €995 | €995 | = | 0.0% |
| Reserves not available under the articles | 1311 | €865 | €865 | = | 0.0% |
| Distributable reserves | 133 | €170,436 | €170,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,999 | -€75,527 | +€77,471 | +50.6% |
| Investment grants | 15 | €1,949 | - | -€1,949 | |
| Provisions and deferred taxes | 16 | €650 | - | -€650 | |
| Deferred taxes | 168 | €650 | - | -€650 | |
| Amounts payable | 17/49 | €1,152,114 | €967,380 | -€184,734 | -16.0% |
| Amounts payable after more than one year | 17 | €483,253 | €129,504 | -€353,750 | -73.2% |
| Financial debts | 170/4 | €483,253 | €129,504 | -€353,750 | -73.2% |
| Amounts payable within one year | 42/48 | €668,861 | €837,877 | +€169,016 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €123,696 | €87,761 | -€35,935 | -29.1% |
| Financial debts | 43 | €79,491 | €93,046 | +€13,554 | +17.1% |
| Credit institutions | 430/8 | €79,491 | €93,046 | +€13,554 | +17.1% |
| Trade debts | 44 | €357,873 | €535,344 | +€177,471 | +49.6% |
| Suppliers | 440/4 | €357,873 | €535,344 | +€177,471 | +49.6% |
| Taxes, remuneration and social security | 45 | €102,491 | €121,726 | +€19,235 | +18.8% |
| Taxes | 450/3 | €45,891 | €65,756 | +€19,866 | +43.3% |
| Remuneration and social security | 454/9 | €56,601 | €55,970 | -€631 | -1.1% |
| Other amounts payable | 47/48 | €5,310 | €0 | -€5,310 | -100.0% |
| Remuneration, social security and pensions | 62 | €536,733 | €591,074 | +€54,342 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,375 | €142,344 | -€19,030 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,113 | +€21,113 | |
| Other operating charges | 640/8 | €5,516 | €21,552 | +€16,036 | +290.7% |
| Non-recurring operating charges | 66A | €7,797 | - | -€7,797 | |
| Gross operating margin | 9900 | €859,029 | €906,392 | +€47,364 | +5.5% |
| Operating profit (loss) | 9901 | €147,609 | €130,309 | -€17,300 | -11.7% |
| Financial income | 75/76B | €16,966 | €3,148 | -€13,819 | -81.4% |
| Recurring financial income | 75 | €16,966 | €3,148 | -€13,819 | -81.4% |
| Financial charges | 65/66B | €48,763 | €19,267 | -€29,496 | -60.5% |
| Recurring financial charges | 65 | €48,763 | €19,267 | -€29,496 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €115,811 | €114,189 | -€1,623 | -1.4% |
| Transfer from deferred taxes | 780 | €650 | €650 | +€0 | 0.0% |
| Income taxes | 67/77 | €17,208 | €37,367 | +€20,159 | +117.1% |
| Profit (loss) for the period | 9904 | €99,253 | €77,471 | -€21,782 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,253 | €77,471 | -€21,782 | -21.9% |
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 7 October 2026 via checked.be.