ZABRUS: 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.
ZABRUS
Largest movements
- Stocks and contracts -€53,800
down €53,800 (-64.2%), from €83,827 to €30,027
- Cash +€50,665
up €50,665 (+1523.2%), from €3,326 to €53,991
mainly Stocks and contracts (+€53,800) and Net result for the year (+€21,415)
- Tangible fixed assets -€3,810
down €3,810 (-35.0%), from €10,898 to €7,088
- Profit (loss) carried forward +€21,415
up €21,415 (+42.8%), from -€50,040 to -€28,625
- Other debts -€17,364
down €17,364 (-34.4%), from €50,485 to €33,122
- Trade debts -€13,631
down €13,631 (-90.7%), from €15,022 to €1,391
- Tax, wage and social debts +€1,809
up €1,809 (+73.6%), from €2,460 to €4,269
- Gross operating margin +€22,907
up €22,907 (+290.4%), from €7,888 to €30,795
- Taxes +€3,191
up €3,191 (+445.5%), from €716 to €3,907
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 | €127,411 | €119,641 | -€7,770 | -6.1% |
| Fixed assets | 21/28 | €10,947 | €7,137 | -€3,810 | -34.8% |
| Tangible fixed assets | 22/27 | €10,898 | €7,088 | -€3,810 | -35.0% |
| Furniture and vehicles | 24 | €10,898 | €7,088 | -€3,810 | -35.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €116,464 | €112,504 | -€3,960 | -3.4% |
| Stocks and contracts in progress | 3 | €83,827 | €30,027 | -€53,800 | -64.2% |
| Stocks | 30/36 | €83,827 | €30,027 | -€53,800 | -64.2% |
| Amounts receivable within one year | 40/41 | €29,311 | €28,486 | -€825 | -2.8% |
| Trade receivables | 40 | €16,152 | €24,697 | +€8,546 | +52.9% |
| Other amounts receivable | 41 | €13,159 | €3,788 | -€9,371 | -71.2% |
| Cash at bank and in hand | 54/58 | €3,326 | €53,991 | +€50,665 | +1523.2% |
| Total equity and liabilities | 10/49 | €127,411 | €119,641 | -€7,770 | -6.1% |
| Equity | 10/15 | €59,444 | €80,859 | +€21,415 | +36.0% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €41,314 | €41,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €34,497 | €34,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,040 | -€28,625 | +€21,415 | +42.8% |
| Amounts payable | 17/49 | €67,967 | €38,782 | -€29,185 | -42.9% |
| Amounts payable within one year | 42/48 | €67,967 | €38,782 | -€29,185 | -42.9% |
| Trade debts | 44 | €15,022 | €1,391 | -€13,631 | -90.7% |
| Suppliers | 440/4 | €15,022 | €1,391 | -€13,631 | -90.7% |
| Taxes, remuneration and social security | 45 | €2,460 | €4,269 | +€1,809 | +73.6% |
| Taxes | 450/3 | €2,460 | €4,269 | +€1,809 | +73.6% |
| Other amounts payable | 47/48 | €50,485 | €33,122 | -€17,364 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,810 | €3,810 | = | 0.0% |
| Other operating charges | 640/8 | €1,617 | €1,701 | +€85 | +5.2% |
| Gross operating margin | 9900 | €7,888 | €30,795 | +€22,907 | +290.4% |
| Operating profit (loss) | 9901 | €2,462 | €25,284 | +€22,822 | +927.2% |
| Financial income | 75/76B | €140 | €66 | -€74 | -52.8% |
| Recurring financial income | 75 | €140 | €66 | -€74 | -52.8% |
| Financial charges | 65/66B | €107 | €29 | -€78 | -73.2% |
| Recurring financial charges | 65 | €107 | €29 | -€78 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €2,496 | €25,322 | +€22,826 | +914.7% |
| Income taxes | 67/77 | €716 | €3,907 | +€3,191 | +445.5% |
| Profit (loss) for the period | 9904 | €1,779 | €21,415 | +€19,636 | +1103.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,779 | €21,415 | +€19,636 | +1103.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.