ZAHARI: 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.
ZAHARI
Largest movements
- Receivables within one year -€32,589
down €32,589 (-55.2%), from €59,062 to €26,473
of which Trade receivables: -€25,460
- Cash +€12,744
up €12,744 (+124%), from €10,255 to €22,999
mainly Net result for the year (+€36,023) and Receivables within one year (+€32,589)
- Tangible fixed assets +€9,967
up €9,967 (+19.7%), from €50,664 to €60,631
of which Furniture and vehicles: +€9,967
- Trade debts -€39,568
down €39,568 (-48.3%), from €81,859 to €42,290
of which Suppliers: -€31,180
- Other debts +€32,000
up €32,000 (+3,736%), from €857 to €32,857
- Tax, wage and social debts -€6,333
down €6,333 (-63.2%), from €10,018 to €3,685
of which Remuneration and social security: -€5,200
- Profit (loss) carried forward +€4,023
up €4,023 (+15.0%), from €26,886 to €30,909
- Gross operating margin +€19,297
up €19,297 (+80.4%), from €24,008 to €43,305
- Depreciation -€8,943
down €8,943 (-75.4%), from €11,857 to €2,914
- Taxes -€2,616
down €2,616 (-54.3%), from €4,818 to €2,202
- Financial charges +€1,352
up €1,352 (+832%), from €163 to €1,515
- Other operating charges -€698
down €698 (-51.8%), from €1,348 to €650
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.
Derived cash bridge
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 | €120,119 | €110,241 | -€9,878 | -8.2% |
| Fixed assets | 21/28 | €50,802 | €60,769 | +€9,967 | +19.6% |
| Tangible fixed assets | 22/27 | €50,664 | €60,631 | +€9,967 | +19.7% |
| Plant, machinery and equipment | 23 | €614 | €614 | = | 0.0% |
| Furniture and vehicles | 24 | €50,050 | €60,017 | +€9,967 | +19.9% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €69,317 | €49,472 | -€19,845 | -28.6% |
| Amounts receivable within one year | 40/41 | €59,062 | €26,473 | -€32,589 | -55.2% |
| Trade receivables | 40 | €51,690 | €26,230 | -€25,460 | -49.3% |
| Other amounts receivable | 41 | €7,372 | €243 | -€7,129 | -96.7% |
| Cash at bank and in hand | 54/58 | €10,255 | €22,999 | +€12,744 | +124% |
| Total equity and liabilities | 10/49 | €120,119 | €110,241 | -€9,878 | -8.2% |
| Equity | 10/15 | €27,386 | €31,409 | +€4,023 | +14.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,886 | €30,909 | +€4,023 | +15.0% |
| Amounts payable | 17/49 | €92,733 | €78,832 | -€13,901 | -15.0% |
| Amounts payable within one year | 42/48 | €92,733 | €78,832 | -€13,901 | -15.0% |
| Trade debts | 44 | €81,859 | €42,290 | -€39,568 | -48.3% |
| Suppliers | 440/4 | €72,770 | €41,590 | -€31,180 | -42.8% |
| Bills of exchange payable | 441 | €9,088 | €700 | -€8,388 | -92.3% |
| Taxes, remuneration and social security | 45 | €10,018 | €3,685 | -€6,333 | -63.2% |
| Taxes | 450/3 | €4,818 | €3,685 | -€1,133 | -23.5% |
| Remuneration and social security | 454/9 | €5,200 | - | -€5,200 | |
| Other amounts payable | 47/48 | €857 | €32,857 | +€32,000 | +3,736% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,857 | €2,914 | -€8,943 | -75.4% |
| Other operating charges | 640/8 | €1,348 | €650 | -€698 | -51.8% |
| Gross operating margin | 9900 | €24,008 | €43,305 | +€19,297 | +80.4% |
| Operating profit (loss) | 9901 | €10,802 | €39,740 | +€28,938 | +268% |
| Financial charges | 65/66B | €163 | €1,515 | +€1,352 | +832% |
| Recurring financial charges | 65 | €163 | €1,515 | +€1,352 | +832% |
| Profit (loss) for the period before taxes | 9903 | €10,640 | €38,225 | +€27,586 | +259% |
| Income taxes | 67/77 | €4,818 | €2,202 | -€2,616 | -54.3% |
| Profit (loss) for the period | 9904 | €5,822 | €36,023 | +€30,202 | +519% |
| Profit (loss) for the period to be appropriated | 9905 | €5,822 | €36,023 | +€30,202 | +519% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.