ZABULUM: 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.
ZABULUM
Largest movements
- Tangible fixed assets -€9,807
down €9,807 (-4.4%), from €224,652 to €214,845
- Cash -€2,696
down €2,696 (-19.0%), from €14,210 to €11,513
mainly Debts after one year (-€18,763) and Other debts (-€12,200)
- Debts after one year -€18,763
down €18,763 (-12.7%), from €147,873 to €129,110
- Other debts -€12,200
down €12,200 (-25.0%), from €48,756 to €36,556
- Trade debts +€11,074
new in 2025: €11,074
- Profit (loss) carried forward +€7,183
up €7,183 (+92.9%), from -€7,733 to -€550
- Gross operating margin +€14,545
up €14,545 (+177.9%), from €8,178 to €22,723
- Financial charges -€348
down €348 (-11.4%), from €3,056 to €2,708
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 | €239,243 | €226,754 | -€12,489 | -5.2% |
| Fixed assets | 21/28 | €224,652 | €214,845 | -€9,807 | -4.4% |
| Tangible fixed assets | 22/27 | €224,652 | €214,845 | -€9,807 | -4.4% |
| Land and buildings | 22 | €224,652 | €214,845 | -€9,807 | -4.4% |
| Current assets | 29/58 | €14,591 | €11,909 | -€2,682 | -18.4% |
| Amounts receivable within one year | 40/41 | €32 | €32 | = | 0.0% |
| Trade receivables | 40 | €32 | €32 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,210 | €11,513 | -€2,696 | -19.0% |
| Deferred charges and accrued income | 490/1 | €349 | €364 | +€15 | +4.2% |
| Total equity and liabilities | 10/49 | €239,243 | €226,754 | -€12,489 | -5.2% |
| Equity | 10/15 | €24,069 | €31,252 | +€7,183 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,202 | €13,202 | = | 0.0% |
| Distributable reserves | 133 | €13,202 | €13,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,733 | -€550 | +€7,183 | +92.9% |
| Amounts payable | 17/49 | €215,174 | €195,502 | -€19,672 | -9.1% |
| Amounts payable after more than one year | 17 | €147,873 | €129,110 | -€18,763 | -12.7% |
| Financial debts | 170/4 | €147,873 | €129,110 | -€18,763 | -12.7% |
| Amounts payable within one year | 42/48 | €67,237 | €66,392 | -€845 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €18,481 | €18,763 | +€281 | +1.5% |
| Trade debts | 44 | - | €11,074 | +€11,074 | |
| Suppliers | 440/4 | - | €11,074 | +€11,074 | |
| Other amounts payable | 47/48 | €48,756 | €36,556 | -€12,200 | -25.0% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,807 | €9,807 | = | 0.0% |
| Other operating charges | 640/8 | €3,048 | €3,024 | -€23 | -0.8% |
| Gross operating margin | 9900 | €8,178 | €22,723 | +€14,545 | +177.9% |
| Operating profit (loss) | 9901 | -€4,677 | €9,891 | +€14,568 | |
| Financial charges | 65/66B | €3,056 | €2,708 | -€348 | -11.4% |
| Recurring financial charges | 65 | €3,056 | €2,708 | -€348 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,733 | €7,183 | +€14,916 | |
| Profit (loss) for the period | 9904 | -€7,733 | €7,183 | +€14,916 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,733 | €7,183 | +€14,916 |
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 3 October 2026 via checked.be.