ZADA PROPERTIES: what changed
Two financial 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.
ZADA PROPERTIES
Largest movements
- Tangible fixed assets -€10,252
down €10,252 (-43.1%), from €23,773 to €13,521
of which Furniture and vehicles: -€10,072
- Receivables within one year +€7,571
up €7,571 (+93.3%), from €8,110 to €15,681
of which Trade receivables: +€6,765
- Deferred charges and accrued income +€1,682
new in 2025: €1,682
- Cash -€1,576
down €1,576 (-11.6%), from €13,561 to €11,985
mainly Net result for the year (-€25,750) and Receivables within one year (-€7,571)
- Profit (loss) carried forward -€25,750
down €25,750 (-20.4%), from -€126,465 to -€152,215
- Other debts +€17,306
up €17,306 (+148.7%), from €11,642 to €28,948
- Short-term financial debts +€6,205
up €6,205 (+96.0%), from €6,464 to €12,669
- Trade debts -€2,121
down €2,121 (-3.7%), from €56,614 to €54,493
- Tax, wage and social debts +€1,712
up €1,712 (+49.8%), from €3,440 to €5,152
of which Remuneration and social security: +€1,760
- Gross operating margin -€15,078
down €15,078, from €1,194 to -€13,884
- Depreciation +€2,356
up €2,356 (+29.8%), from €7,897 to €10,252
- Other operating charges +€909
up €909 (+233.4%), from €389 to €1,298
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 | €47,308 | €44,733 | -€2,575 | -5.4% |
| Formation expenses | 20 | €1,399 | €1,399 | = | 0.0% |
| Fixed assets | 21/28 | €24,239 | €13,987 | -€10,252 | -42.3% |
| Tangible fixed assets | 22/27 | €23,773 | €13,521 | -€10,252 | -43.1% |
| Furniture and vehicles | 24 | €22,384 | €12,312 | -€10,072 | -45.0% |
| Other tangible fixed assets | 26 | €1,389 | €1,209 | -€180 | -13.0% |
| Financial fixed assets | 28 | €466 | €466 | = | 0.0% |
| Current assets | 29/58 | €21,671 | €29,348 | +€7,677 | +35.4% |
| Amounts receivable within one year | 40/41 | €8,110 | €15,681 | +€7,571 | +93.3% |
| Trade receivables | 40 | €8,110 | €14,875 | +€6,765 | +83.4% |
| Other amounts receivable | 41 | - | €806 | +€806 | |
| Cash at bank and in hand | 54/58 | €13,561 | €11,985 | -€1,576 | -11.6% |
| Deferred charges and accrued income | 490/1 | - | €1,682 | +€1,682 | |
| Total equity and liabilities | 10/49 | €47,308 | €44,733 | -€2,575 | -5.4% |
| Equity | 10/15 | -€30,851 | -€56,602 | -€25,750 | -83.5% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €2,653 | €2,653 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,653 | €2,653 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,653 | €2,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,465 | -€152,215 | -€25,750 | -20.4% |
| Amounts payable | 17/49 | €78,160 | €101,335 | +€23,175 | +29.7% |
| Amounts payable within one year | 42/48 | €78,160 | €101,262 | +€23,102 | +29.6% |
| Financial debts | 43 | €6,464 | €12,669 | +€6,205 | +96.0% |
| Credit institutions | 430/8 | €6,464 | €12,669 | +€6,205 | +96.0% |
| Trade debts | 44 | €56,614 | €54,493 | -€2,121 | -3.7% |
| Suppliers | 440/4 | €56,614 | €54,493 | -€2,121 | -3.7% |
| Taxes, remuneration and social security | 45 | €3,440 | €5,152 | +€1,712 | +49.8% |
| Taxes | 450/3 | €3,440 | €3,392 | -€48 | -1.4% |
| Remuneration and social security | 454/9 | - | €1,760 | +€1,760 | |
| Other amounts payable | 47/48 | €11,642 | €28,948 | +€17,306 | +148.7% |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,897 | €10,252 | +€2,356 | +29.8% |
| Other operating charges | 640/8 | €389 | €1,298 | +€909 | +233.4% |
| Non-recurring operating charges | 66A | €3,760 | - | -€3,760 | |
| Gross operating margin | 9900 | €1,194 | -€13,884 | -€15,078 | |
| Operating profit (loss) | 9901 | -€10,852 | -€25,434 | -€14,583 | -134.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €146 | €147 | +€1 | +0.8% |
| Recurring financial charges | 65 | €146 | €147 | +€1 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,997 | -€25,581 | -€14,584 | -132.6% |
| Income taxes | 67/77 | €173 | €169 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€11,170 | -€25,750 | -€14,581 | -130.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,170 | -€25,750 | -€14,581 | -130.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.