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 -€54,648
down €54,648 (-5.4%), from €1.0m to €964,879
of which Plant, machinery and equipment: -€35,107
- Debts after one year -€109,582
down €109,582 (-11.4%), from €959,237 to €849,655
- Current portion of long-term debt -€66,496
down €66,496 (-33.5%), from €198,547 to €132,051
- Other debts +€64,373
up €64,373 (+76.0%), from €84,694 to €149,067
- Profit (loss) carried forward +€49,921
up €49,921 (+20.6%), from -€242,513 to -€192,592
- Gross operating margin -€11,586
down €11,586 (-7.2%), from €161,068 to €149,482
- Other operating charges -€4,839
down €4,839 (-82.9%), from €5,838 to €998
- Depreciation +€3,531
up €3,531 (+5.1%), from €68,773 to €72,304
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 | €1,145,179 | €1,080,045 | -€65,134 | -5.7% |
| Fixed assets | 21/28 | €1,019,587 | €964,939 | -€54,648 | -5.4% |
| Tangible fixed assets | 22/27 | €1,019,527 | €964,879 | -€54,648 | -5.4% |
| Land and buildings | 22 | €294,640 | €275,099 | -€19,541 | -6.6% |
| Plant, machinery and equipment | 23 | €724,887 | €689,781 | -€35,107 | -4.8% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €125,593 | €115,107 | -€10,486 | -8.3% |
| Cash at bank and in hand | 54/58 | €125,593 | €115,107 | -€10,486 | -8.3% |
| Total equity and liabilities | 10/49 | €1,145,179 | €1,080,045 | -€65,134 | -5.7% |
| Equity | 10/15 | -€101,214 | -€51,293 | +€49,921 | +49.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €122,707 | €122,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,513 | -€192,592 | +€49,921 | +20.6% |
| Amounts payable | 17/49 | €1,246,393 | €1,131,338 | -€115,055 | -9.2% |
| Amounts payable after more than one year | 17 | €959,237 | €849,655 | -€109,582 | -11.4% |
| Financial debts | 170/4 | €959,237 | €849,655 | -€109,582 | -11.4% |
| Amounts payable within one year | 42/48 | €287,156 | €281,683 | -€5,473 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €198,547 | €132,051 | -€66,496 | -33.5% |
| Trade debts | 44 | €3,916 | €566 | -€3,350 | -85.5% |
| Suppliers | 440/4 | €3,916 | €566 | -€3,350 | -85.5% |
| Other amounts payable | 47/48 | €84,694 | €149,067 | +€64,373 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,773 | €72,304 | +€3,531 | +5.1% |
| Other operating charges | 640/8 | €5,838 | €998 | -€4,839 | -82.9% |
| Gross operating margin | 9900 | €161,068 | €149,482 | -€11,586 | -7.2% |
| Operating profit (loss) | 9901 | €86,458 | €76,180 | -€10,278 | -11.9% |
| Financial charges | 65/66B | €27,355 | €26,259 | -€1,097 | -4.0% |
| Recurring financial charges | 65 | €27,355 | €26,259 | -€1,097 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €59,102 | €49,921 | -€9,182 | -15.5% |
| Profit (loss) for the period | 9904 | €59,102 | €49,921 | -€9,182 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,102 | €49,921 | -€9,182 | -15.5% |
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.