ZABIZAK: 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.
ZABIZAK
Largest movements
- Cash +€33,934
up €33,934 (+255%), from €13,289 to €47,223
mainly Receivables within one year (+€16,380) and Net result for the year (+€15,849)
- Receivables within one year -€16,380
down €16,380 (-66.4%), from €24,671 to €8,291
of which Trade receivables: -€16,411
- Stocks and contracts +€9,670
up €9,670 (+34.4%), from €28,131 to €37,801
- Tangible fixed assets -€1,666
down €1,666 (-61.0%), from €2,733 to €1,067
of which Plant, machinery and equipment: -€1,681
- Profit (loss) carried forward +€15,849
up €15,849 (+87.9%), from €18,026 to €33,875
- Trade debts +€9,177
up €9,177 (+56.0%), from €16,395 to €25,572
- Gross operating margin +€11,566
up €11,566 (+149%), from €7,775 to €19,340
- Taxes -€1,761
no longer reported in 2025 (was €1,761)
- Depreciation -€1,094
down €1,094 (-29.1%), from €3,760 to €2,666
- Other operating charges +€630
new in 2025: €630
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 | €69,339 | €94,897 | +€25,558 | +36.9% |
| Fixed assets | 21/28 | €3,248 | €1,582 | -€1,666 | -51.3% |
| Tangible fixed assets | 22/27 | €2,733 | €1,067 | -€1,666 | -61.0% |
| Plant, machinery and equipment | 23 | €2,081 | €400 | -€1,681 | -80.8% |
| Other tangible fixed assets | 26 | €652 | €667 | +€15 | +2.3% |
| Financial fixed assets | 28 | €515 | €515 | = | 0.0% |
| Current assets | 29/58 | €66,091 | €93,315 | +€27,224 | +41.2% |
| Stocks and contracts in progress | 3 | €28,131 | €37,801 | +€9,670 | +34.4% |
| Stocks | 30/36 | €28,131 | €37,801 | +€9,670 | +34.4% |
| Amounts receivable within one year | 40/41 | €24,671 | €8,291 | -€16,380 | -66.4% |
| Trade receivables | 40 | €24,671 | €8,260 | -€16,411 | -66.5% |
| Other amounts receivable | 41 | - | €31 | +€31 | |
| Cash at bank and in hand | 54/58 | €13,289 | €47,223 | +€33,934 | +255% |
| Total equity and liabilities | 10/49 | €69,339 | €94,897 | +€25,558 | +36.9% |
| Equity | 10/15 | €38,486 | €54,335 | +€15,849 | +41.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,026 | €33,875 | +€15,849 | +87.9% |
| Amounts payable | 17/49 | €30,853 | €40,562 | +€9,709 | +31.5% |
| Amounts payable within one year | 42/48 | €30,853 | €40,562 | +€9,709 | +31.5% |
| Trade debts | 44 | €16,395 | €25,572 | +€9,177 | +56.0% |
| Suppliers | 440/4 | €16,395 | €25,572 | +€9,177 | +56.0% |
| Taxes, remuneration and social security | 45 | €4,333 | €4,988 | +€655 | +15.1% |
| Taxes | 450/3 | €4,333 | €4,988 | +€655 | +15.1% |
| Other amounts payable | 47/48 | €10,125 | €10,003 | -€122 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,760 | €2,666 | -€1,094 | -29.1% |
| Other operating charges | 640/8 | - | €630 | +€630 | |
| Gross operating margin | 9900 | €7,775 | €19,340 | +€11,566 | +149% |
| Operating profit (loss) | 9901 | €4,014 | €16,045 | +€12,030 | +300% |
| Financial income | 75/76B | €1 | €2 | +€1 | +156% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +156% |
| Financial charges | 65/66B | €129 | €198 | +€69 | +53.6% |
| Recurring financial charges | 65 | €129 | €198 | +€69 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | €3,886 | €15,849 | +€11,962 | +308% |
| Income taxes | 67/77 | €1,761 | - | -€1,761 | |
| Profit (loss) for the period | 9904 | €2,125 | €15,849 | +€13,723 | +646% |
| Profit (loss) for the period to be appropriated | 9905 | €2,125 | €15,849 | +€13,723 | +646% |
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 25 October 2026 via checked.be.