ZAHARIA: 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.
ZAHARIA
Largest movements
- Deferred charges and accrued income -€32,873
down €32,873 (-58.6%), from €56,099 to €23,226
- Tangible fixed assets +€27,451
up €27,451 (+44.5%), from €61,686 to €89,138
of which Furniture and vehicles: +€22,903
- Cash +€10,024
up €10,024, from €0 to €10,024
mainly Deferred charges and accrued income (+€32,873) and Net result for the year (+€21,281)
- Receivables within one year -€8,532
down €8,532 (-10.7%), from €79,603 to €71,070
of which Trade receivables: -€14,541
- Trade debts -€34,450
down €34,450 (-72.6%), from €47,444 to €12,993
- Profit (loss) carried forward +€21,281
up €21,281 (+35.0%), from €60,739 to €82,019
- Debts after one year +€17,480
up €17,480 (+250%), from €6,980 to €24,460
of which Financial debts: +€23,374
- Short-term financial debts -€11,520
no longer reported in 2025 (was €11,520)
- Other debts +€7,244
up €7,244 (+183%), from €3,950 to €11,194
- Gross operating margin +€13,016
up €13,016 (+38.0%), from €34,262 to €47,278
- Taxes +€6,903
up €6,903, from -€443 to €6,460
- Other operating charges -€4,477
no longer reported in 2025 (was €4,477)
- Depreciation +€908
up €908 (+6.0%), from €15,083 to €15,992
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 | €197,388 | €193,458 | -€3,930 | -2.0% |
| Fixed assets | 21/28 | €61,686 | €89,138 | +€27,451 | +44.5% |
| Tangible fixed assets | 22/27 | €61,686 | €89,138 | +€27,451 | +44.5% |
| Plant, machinery and equipment | 23 | €28,311 | €32,858 | +€4,548 | +16.1% |
| Furniture and vehicles | 24 | €33,376 | €56,279 | +€22,903 | +68.6% |
| Current assets | 29/58 | €135,702 | €104,321 | -€31,381 | -23.1% |
| Amounts receivable within one year | 40/41 | €79,603 | €71,070 | -€8,532 | -10.7% |
| Trade receivables | 40 | €79,548 | €65,007 | -€14,541 | -18.3% |
| Other amounts receivable | 41 | €55 | €6,063 | +€6,008 | +10,924% |
| Cash at bank and in hand | 54/58 | €0 | €10,024 | +€10,024 | |
| Deferred charges and accrued income | 490/1 | €56,099 | €23,226 | -€32,873 | -58.6% |
| Total equity and liabilities | 10/49 | €197,388 | €193,458 | -€3,930 | -2.0% |
| Equity | 10/15 | €95,166 | €116,446 | +€21,281 | +22.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €32,927 | €32,927 | = | 0.0% |
| Distributable reserves | 133 | €32,927 | €32,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,739 | €82,019 | +€21,281 | +35.0% |
| Amounts payable | 17/49 | €102,222 | €77,012 | -€25,210 | -24.7% |
| Amounts payable after more than one year | 17 | €6,980 | €24,460 | +€17,480 | +250% |
| Financial debts | 170/4 | €1,086 | €24,460 | +€23,374 | +2,152% |
| Other amounts payable | 178/9 | €5,894 | - | -€5,894 | |
| Amounts payable within one year | 42/48 | €94,855 | €52,552 | -€42,303 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €17,656 | €19,112 | +€1,455 | +8.2% |
| Financial debts | 43 | €11,520 | - | -€11,520 | |
| Credit institutions | 430/8 | €11,520 | - | -€11,520 | |
| Trade debts | 44 | €47,444 | €12,993 | -€34,450 | -72.6% |
| Suppliers | 440/4 | €47,444 | €12,993 | -€34,450 | -72.6% |
| Taxes, remuneration and social security | 45 | €14,285 | €9,253 | -€5,033 | -35.2% |
| Taxes | 450/3 | €13,583 | €9,253 | -€4,330 | -31.9% |
| Remuneration and social security | 454/9 | €703 | - | -€703 | |
| Other amounts payable | 47/48 | €3,950 | €11,194 | +€7,244 | +183% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,083 | €15,992 | +€908 | +6.0% |
| Other operating charges | 640/8 | €4,477 | - | -€4,477 | |
| Gross operating margin | 9900 | €34,262 | €47,278 | +€13,016 | +38.0% |
| Operating profit (loss) | 9901 | €14,702 | €31,287 | +€16,585 | +113% |
| Financial income | 75/76B | €0 | €44 | +€44 | +87,980% |
| Recurring financial income | 75 | €0 | €44 | +€44 | +87,980% |
| Financial charges | 65/66B | €3,930 | €3,590 | -€340 | -8.6% |
| Recurring financial charges | 65 | €3,930 | €3,590 | -€340 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €10,772 | €27,741 | +€16,969 | +158% |
| Income taxes | 67/77 | -€443 | €6,460 | +€6,903 | |
| Profit (loss) for the period | 9904 | €11,214 | €21,281 | +€10,067 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,214 | €21,281 | +€10,067 | +89.8% |
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 27 October 2026 via checked.be.