ZACCARIA: 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.
ZACCARIA
Largest movements
- Tangible fixed assets -€405,894
down €405,894 (-89.1%), from €455,762 to €49,868
of which Land and buildings: -€399,330
- Receivables within one year +€378,233
up €378,233 (+118.5%), from €319,128 to €697,360
of which Other amounts receivable: +€400,094
- Cash +€15,387
up €15,387 (+235.2%), from €6,543 to €21,930
mainly Investment in fixed assets (net) (+€400,000) and Trade debts (+€145,225)
- Intangible fixed assets -€12,500
no longer reported in 2025 (was €12,500)
- Trade debts +€145,225
up €145,225 (+85608.0%), from €170 to €145,395
- Profit (loss) carried forward -€127,946
down €127,946 (-32.6%), from €392,726 to €264,780
- Tax, wage and social debts -€23,307
down €23,307 (-59.6%), from €39,075 to €15,767
of which Taxes: -€23,307
- Accrued charges and deferred income -€11,755
down €11,755 (-98.3%), from €11,955 to €200
- Gross operating margin -€273,120
down €273,120, from €237,895 to -€35,224
- Depreciation -€30,740
down €30,740 (-62.6%), from €49,134 to €18,394
- Taxes -€15,657
down €15,657 (-54.6%), from €28,701 to €13,044
- Staff costs -€11,375
down €11,375 (-19.7%), from €57,810 to €46,435
- Other operating charges -€4,173
down €4,173 (-23.6%), from €17,660 to €13,488
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 | €795,812 | €771,241 | -€24,571 | -3.1% |
| Fixed assets | 21/28 | €469,216 | €50,823 | -€418,394 | -89.2% |
| Intangible fixed assets | 21 | €12,500 | - | -€12,500 | |
| Tangible fixed assets | 22/27 | €455,762 | €49,868 | -€405,894 | -89.1% |
| Land and buildings | 22 | €443,801 | €44,470 | -€399,330 | -90.0% |
| Plant, machinery and equipment | 23 | €8,307 | €5,397 | -€2,910 | -35.0% |
| Furniture and vehicles | 24 | €3,654 | - | -€3,654 | |
| Financial fixed assets | 28 | €955 | €955 | = | 0.0% |
| Current assets | 29/58 | €326,596 | €720,418 | +€393,823 | +120.6% |
| Amounts receivable within one year | 40/41 | €319,128 | €697,360 | +€378,233 | +118.5% |
| Trade receivables | 40 | €316,426 | €294,564 | -€21,862 | -6.9% |
| Other amounts receivable | 41 | €2,702 | €402,797 | +€400,094 | +14806.7% |
| Cash at bank and in hand | 54/58 | €6,543 | €21,930 | +€15,387 | +235.2% |
| Deferred charges and accrued income | 490/1 | €925 | €1,128 | +€203 | +21.9% |
| Total equity and liabilities | 10/49 | €795,812 | €771,241 | -€24,571 | -3.1% |
| Equity | 10/15 | €709,523 | €581,577 | -€127,946 | -18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €298,206 | €298,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €296,346 | €296,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,726 | €264,780 | -€127,946 | -32.6% |
| Amounts payable | 17/49 | €86,289 | €189,663 | +€103,374 | +119.8% |
| Amounts payable after more than one year | 17 | €24,089 | €17,206 | -€6,883 | -28.6% |
| Financial debts | 170/4 | €24,089 | €17,206 | -€6,883 | -28.6% |
| Amounts payable within one year | 42/48 | €50,245 | €172,257 | +€122,012 | +242.8% |
| Current portion of amounts payable after more than one year | 42 | €8,133 | €8,133 | = | 0.0% |
| Trade debts | 44 | €170 | €145,395 | +€145,225 | +85608.0% |
| Suppliers | 440/4 | €170 | €145,395 | +€145,225 | +85608.0% |
| Taxes, remuneration and social security | 45 | €39,075 | €15,767 | -€23,307 | -59.6% |
| Taxes | 450/3 | €38,563 | €15,255 | -€23,307 | -60.4% |
| Remuneration and social security | 454/9 | €512 | €512 | = | 0.0% |
| Other amounts payable | 47/48 | €2,868 | €2,962 | +€94 | +3.3% |
| Accrued charges and deferred income | 492/3 | €11,955 | €200 | -€11,755 | -98.3% |
| Remuneration, social security and pensions | 62 | €57,810 | €46,435 | -€11,375 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,134 | €18,394 | -€30,740 | -62.6% |
| Other operating charges | 640/8 | €17,660 | €13,488 | -€4,173 | -23.6% |
| Gross operating margin | 9900 | €237,895 | -€35,224 | -€273,120 | |
| Operating profit (loss) | 9901 | €113,292 | -€113,540 | -€226,832 | |
| Financial income | 75/76B | €0 | €22 | +€22 | +53775.0% |
| Recurring financial income | 75 | €0 | €22 | +€22 | +53775.0% |
| Financial charges | 65/66B | €2,010 | €1,383 | -€628 | -31.2% |
| Recurring financial charges | 65 | €2,010 | €1,383 | -€628 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €111,282 | -€114,901 | -€226,183 | |
| Income taxes | 67/77 | €28,701 | €13,044 | -€15,657 | -54.6% |
| Profit (loss) for the period | 9904 | €82,580 | -€127,946 | -€210,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €82,580 | -€127,946 | -€210,526 |
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 5 October 2026 via checked.be.