zabadoe: what changed
Two financial 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.
zabadoe
Largest movements
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Cash +€136,298
up €136,298 (+93.4%), from €145,923 to €282,221
mainly Current investments (+€300,000) and Net result for the year (+€53,048)
- Deferred charges and accrued income +€89,654
up €89,654 (+7,201%), from €1,245 to €90,899
- Receivables within one year -€46,497
down €46,497 (-94.6%), from €49,139 to €2,642
of which Trade receivables: -€42,471
- Tangible fixed assets -€12,042
down €12,042 (-48.5%), from €24,853 to €12,811
of which Furniture and vehicles: -€10,941
- Profit (loss) carried forward -€75,977
down €75,977 (-58.9%), from €129,025 to €53,048
- Tax, wage and social debts -€41,753
no longer reported in 2025 (was €41,753)
- Reserves -€15,188
down €15,188 (-4.6%), from €331,303 to €316,115
- Gross operating margin +€13,048
up €13,048 (+23.6%), from €55,334 to €68,382
- Taxes -€960
down €960 (-6.9%), from €13,837 to €12,877
- Other operating charges -€856
down €856 (-80.3%), from €1,066 to €210
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.
Derived cash bridge
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 | €521,160 | €388,573 | -€132,587 | -25.4% |
| Fixed assets | 21/28 | €24,853 | €12,811 | -€12,042 | -48.5% |
| Tangible fixed assets | 22/27 | €24,853 | €12,811 | -€12,042 | -48.5% |
| Plant, machinery and equipment | 23 | €2,972 | €1,871 | -€1,101 | -37.0% |
| Furniture and vehicles | 24 | €21,881 | €10,940 | -€10,941 | -50.0% |
| Current assets | 29/58 | €496,307 | €375,762 | -€120,545 | -24.3% |
| Amounts receivable within one year | 40/41 | €49,139 | €2,642 | -€46,497 | -94.6% |
| Trade receivables | 40 | €42,471 | - | -€42,471 | |
| Other amounts receivable | 41 | €6,668 | €2,642 | -€4,026 | -60.4% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €145,923 | €282,221 | +€136,298 | +93.4% |
| Deferred charges and accrued income | 490/1 | €1,245 | €90,899 | +€89,654 | +7,201% |
| Total equity and liabilities | 10/49 | €521,160 | €388,573 | -€132,587 | -25.4% |
| Equity | 10/15 | €478,928 | €387,763 | -€91,165 | -19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,303 | €316,115 | -€15,188 | -4.6% |
| Distributable reserves | 133 | €331,303 | €316,115 | -€15,188 | -4.6% |
| Profit (loss) carried forward | 14 | €129,025 | €53,048 | -€75,977 | -58.9% |
| Amounts payable | 17/49 | €42,232 | €810 | -€41,422 | -98.1% |
| Amounts payable within one year | 42/48 | €42,232 | €810 | -€41,422 | -98.1% |
| Trade debts | 44 | €479 | €810 | +€331 | +69.1% |
| Suppliers | 440/4 | €479 | €810 | +€331 | +69.1% |
| Taxes, remuneration and social security | 45 | €41,753 | - | -€41,753 | |
| Taxes | 450/3 | €41,753 | - | -€41,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,678 | €12,996 | +€318 | +2.5% |
| Other operating charges | 640/8 | €1,066 | €210 | -€856 | -80.3% |
| Gross operating margin | 9900 | €55,334 | €68,382 | +€13,048 | +23.6% |
| Operating profit (loss) | 9901 | €41,590 | €55,176 | +€13,586 | +32.7% |
| Financial income | 75/76B | €10,863 | €10,797 | -€66 | -0.6% |
| Recurring financial income | 75 | €10,863 | €10,797 | -€66 | -0.6% |
| Financial charges | 65/66B | €126 | €48 | -€78 | -61.9% |
| Recurring financial charges | 65 | €126 | €48 | -€78 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | €52,327 | €65,925 | +€13,598 | +26.0% |
| Income taxes | 67/77 | €13,837 | €12,877 | -€960 | -6.9% |
| Profit (loss) for the period | 9904 | €38,490 | €53,048 | +€14,558 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,490 | €53,048 | +€14,558 | +37.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.