ZABOL: 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.
ZABOL
Largest movements
- Cash +€86,070
up €86,070 (+68.6%), from €125,463 to €211,533
mainly Other debts (+€100,440) and Net result for the year (+€55,659)
- Receivables within one year -€15,952
down €15,952 (-37.6%), from €42,447 to €26,495
of which Trade receivables: -€19,215
- Profit (loss) carried forward -€100,440
down €100,440 (-71.9%), from €139,654 to €39,214
- Other debts +€100,440
up €100,440 (+5301.4%), from €1,895 to €102,334
- Reserves +€55,659
new in 2025: €55,659
- Tax, wage and social debts +€14,605
up €14,605 (+62.0%), from €23,566 to €38,171
- Financial charges -€24,920
down €24,920 (-98.9%), from €25,201 to €281
- Gross operating margin -€11,269
down €11,269 (-11.8%), from €95,208 to €83,939
- Taxes +€8,718
up €8,718 (+64.2%), from €13,576 to €22,294
- Other operating charges +€3,251
up €3,251 (+195.0%), from €1,667 to €4,918
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,528 | €239,356 | +€69,828 | +41.2% |
| Fixed assets | 21/28 | €1,618 | €816 | -€802 | -49.6% |
| Tangible fixed assets | 22/27 | €1,618 | €816 | -€802 | -49.6% |
| Furniture and vehicles | 24 | €1,618 | €816 | -€802 | -49.6% |
| Current assets | 29/58 | €167,910 | €238,541 | +€70,631 | +42.1% |
| Amounts receivable within one year | 40/41 | €42,447 | €26,495 | -€15,952 | -37.6% |
| Trade receivables | 40 | €42,447 | €23,232 | -€19,215 | -45.3% |
| Other amounts receivable | 41 | €0 | €3,263 | +€3,263 | |
| Cash at bank and in hand | 54/58 | €125,463 | €211,533 | +€86,070 | +68.6% |
| Deferred charges and accrued income | 490/1 | - | €512 | +€512 | |
| Total equity and liabilities | 10/49 | €169,528 | €239,356 | +€69,828 | +41.2% |
| Equity | 10/15 | €142,154 | €97,374 | -€44,780 | -31.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €55,659 | +€55,659 | |
| Distributable reserves | 133 | - | €55,659 | +€55,659 | |
| Profit (loss) carried forward | 14 | €139,654 | €39,214 | -€100,440 | -71.9% |
| Amounts payable | 17/49 | €27,374 | €141,983 | +€114,609 | +418.7% |
| Amounts payable within one year | 42/48 | €27,374 | €141,983 | +€114,609 | +418.7% |
| Trade debts | 44 | €1,914 | €1,478 | -€436 | -22.8% |
| Suppliers | 440/4 | €1,914 | €1,478 | -€436 | -22.8% |
| Taxes, remuneration and social security | 45 | €23,566 | €38,171 | +€14,605 | +62.0% |
| Taxes | 450/3 | €23,566 | €38,171 | +€14,605 | +62.0% |
| Other amounts payable | 47/48 | €1,895 | €102,334 | +€100,440 | +5301.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €802 | +€233 | +40.9% |
| Other operating charges | 640/8 | €1,667 | €4,918 | +€3,251 | +195.0% |
| Gross operating margin | 9900 | €95,208 | €83,939 | -€11,269 | -11.8% |
| Operating profit (loss) | 9901 | €92,972 | €78,219 | -€14,753 | -15.9% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €25,201 | €281 | -€24,920 | -98.9% |
| Recurring financial charges | 65 | €25,201 | €281 | -€24,920 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €67,770 | €77,954 | +€10,183 | +15.0% |
| Income taxes | 67/77 | €13,576 | €22,294 | +€8,718 | +64.2% |
| Profit (loss) for the period | 9904 | €54,194 | €55,659 | +€1,465 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,194 | €55,659 | +€1,465 | +2.7% |
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 6 October 2026 via checked.be.