ZAHID: 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.
ZAHID
Largest movements
- Receivables within one year +€13,086
new in 2025: €13,086
of which Other amounts receivable: +€12,990
- Cash -€9,687
down €9,687 (-50.9%), from €19,037 to €9,350
mainly Receivables within one year (-€13,086) and Tax, wage and social debts (-€6,213)
- Tangible fixed assets -€9,384
down €9,384 (-27.4%), from €34,308 to €24,924
- Deferred charges and accrued income -€2,646
no longer reported in 2025 (was €2,646)
- Tax, wage and social debts -€6,213
down €6,213 (-98.0%), from €6,342 to €129
of which Taxes: -€5,613
- Profit (loss) carried forward -€5,148
down €5,148 (-14.7%), from €34,995 to €29,847
- Other debts +€3,949
up €3,949 (+56.2%), from €7,028 to €10,977
- Trade debts -€1,219
down €1,219 (-46.4%), from €2,626 to €1,407
- Gross operating margin -€9,928
down €9,928 (-63.2%), from €15,715 to €5,787
- Depreciation -€6,410
down €6,410 (-41.4%), from €15,486 to €9,076
- Other operating charges +€734
up €734 (+91.6%), from €801 to €1,535
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 | €55,991 | €47,360 | -€8,631 | -15.4% |
| Fixed assets | 21/28 | €34,308 | €24,924 | -€9,384 | -27.4% |
| Tangible fixed assets | 22/27 | €34,308 | €24,924 | -€9,384 | -27.4% |
| Furniture and vehicles | 24 | €34,308 | €24,924 | -€9,384 | -27.4% |
| Current assets | 29/58 | €21,683 | €22,436 | +€753 | +3.5% |
| Amounts receivable within one year | 40/41 | - | €13,086 | +€13,086 | |
| Trade receivables | 40 | - | €96 | +€96 | |
| Other amounts receivable | 41 | - | €12,990 | +€12,990 | |
| Cash at bank and in hand | 54/58 | €19,037 | €9,350 | -€9,687 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,646 | - | -€2,646 | |
| Total equity and liabilities | 10/49 | €55,991 | €47,360 | -€8,631 | -15.4% |
| Equity | 10/15 | €39,995 | €34,847 | -€5,148 | -12.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,995 | €29,847 | -€5,148 | -14.7% |
| Amounts payable | 17/49 | €15,996 | €12,513 | -€3,483 | -21.8% |
| Amounts payable within one year | 42/48 | €15,996 | €12,513 | -€3,483 | -21.8% |
| Trade debts | 44 | €2,626 | €1,407 | -€1,219 | -46.4% |
| Suppliers | 440/4 | €2,626 | €1,407 | -€1,219 | -46.4% |
| Taxes, remuneration and social security | 45 | €6,342 | €129 | -€6,213 | -98.0% |
| Taxes | 450/3 | €5,742 | €129 | -€5,613 | -97.8% |
| Remuneration and social security | 454/9 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | €7,028 | €10,977 | +€3,949 | +56.2% |
| Remuneration, social security and pensions | 62 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,486 | €9,076 | -€6,410 | -41.4% |
| Other operating charges | 640/8 | €801 | €1,535 | +€734 | +91.6% |
| Gross operating margin | 9900 | €15,715 | €5,787 | -€9,928 | -63.2% |
| Operating profit (loss) | 9901 | -€572 | -€4,849 | -€4,277 | -747.7% |
| Financial charges | 65/66B | €141 | €170 | +€29 | +20.6% |
| Recurring financial charges | 65 | €141 | €170 | +€29 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | -€713 | -€5,019 | -€4,306 | -603.9% |
| Income taxes | 67/77 | - | €129 | +€129 | |
| Profit (loss) for the period | 9904 | -€713 | -€5,148 | -€4,435 | -622.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€713 | -€5,148 | -€4,435 | -622.0% |
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 9 October 2026 via checked.be.