ZAHIDE: 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.
ZAHIDE
Largest movements
- Tangible fixed assets +€13,922
up €13,922 (+135.7%), from €10,258 to €24,180
of which Plant, machinery and equipment: +€16,780
- Cash -€8,490
down €8,490 (-25.3%), from €33,560 to €25,071
mainly Net result for the year (-€37,541) and Investment in fixed assets (net) (-€17,064)
- Stocks and contracts -€5,400
no longer reported in 2025 (was €5,400)
- Receivables within one year +€4,163
up €4,163 (+99.5%), from €4,182 to €8,345
of which Other amounts receivable: +€2,833
- Profit (loss) carried forward -€37,541
down €37,541, from €30,837 to -€6,704
- Other debts +€33,572
new in 2025: €33,572
- Trade debts +€10,648
new in 2025: €10,648
- Tax, wage and social debts -€2,483
no longer reported in 2025 (was €2,483)
- Gross operating margin -€56,846
down €56,846, from €26,110 to -€30,736
- Staff costs -€18,009
down €18,009 (-88.7%), from €20,306 to €2,297
- Taxes -€1,219
down €1,219 (-57.5%), from €2,121 to €901
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 | €53,780 | €57,975 | +€4,195 | +7.8% |
| Fixed assets | 21/28 | €10,638 | €24,560 | +€13,922 | +130.9% |
| Tangible fixed assets | 22/27 | €10,258 | €24,180 | +€13,922 | +135.7% |
| Plant, machinery and equipment | 23 | - | €16,780 | +€16,780 | |
| Furniture and vehicles | 24 | €1,933 | - | -€1,933 | |
| Other tangible fixed assets | 26 | €8,325 | €7,400 | -€925 | -11.1% |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €43,142 | €33,415 | -€9,727 | -22.5% |
| Stocks and contracts in progress | 3 | €5,400 | - | -€5,400 | |
| Stocks | 30/36 | €5,400 | - | -€5,400 | |
| Amounts receivable within one year | 40/41 | €4,182 | €8,345 | +€4,163 | +99.5% |
| Trade receivables | 40 | €670 | €2,000 | +€1,330 | +198.5% |
| Other amounts receivable | 41 | €3,512 | €6,345 | +€2,833 | +80.7% |
| Cash at bank and in hand | 54/58 | €33,560 | €25,071 | -€8,490 | -25.3% |
| Total equity and liabilities | 10/49 | €53,780 | €57,975 | +€4,195 | +7.8% |
| Equity | 10/15 | €51,297 | €13,756 | -€37,541 | -73.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,837 | -€6,704 | -€37,541 | |
| Amounts payable | 17/49 | €2,483 | €44,220 | +€41,736 | +1680.6% |
| Amounts payable within one year | 42/48 | €2,483 | €44,220 | +€41,736 | +1680.6% |
| Trade debts | 44 | - | €10,648 | +€10,648 | |
| Suppliers | 440/4 | - | €10,648 | +€10,648 | |
| Taxes, remuneration and social security | 45 | €2,483 | - | -€2,483 | |
| Taxes | 450/3 | €2,483 | - | -€2,483 | |
| Other amounts payable | 47/48 | - | €33,572 | +€33,572 | |
| Remuneration, social security and pensions | 62 | €20,306 | €2,297 | -€18,009 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,853 | €3,143 | +€289 | +10.1% |
| Other operating charges | 640/8 | €285 | €416 | +€131 | +45.9% |
| Gross operating margin | 9900 | €26,110 | -€30,736 | -€56,846 | |
| Operating profit (loss) | 9901 | €2,665 | -€36,592 | -€39,257 | |
| Financial charges | 65/66B | €52 | €48 | -€4 | -8.6% |
| Recurring financial charges | 65 | €52 | €48 | -€4 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €2,613 | -€36,640 | -€39,253 | |
| Income taxes | 67/77 | €2,121 | €901 | -€1,219 | -57.5% |
| Profit (loss) for the period | 9904 | €492 | -€37,541 | -€38,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €492 | -€37,541 | -€38,033 |
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.