ZAHRA: 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.
ZAHRA
Largest movements
- Tangible fixed assets -€12,349
down €12,349 (-39.7%), from €31,084 to €18,735
- Receivables within one year -€7,546
down €7,546 (-20.7%), from €36,498 to €28,952
- Stocks and contracts +€4,552
up €4,552 (+278%), from €1,636 to €6,188
- Cash +€2,055
up €2,055 (+51.5%), from €3,988 to €6,043
mainly Depreciation (+€12,349) and Receivables within one year (+€7,546)
- Trade debts -€13,986
down €13,986 (-26.6%), from €52,644 to €38,658
- Tax, wage and social debts +€2,637
up €2,637 (+343%), from €769 to €3,405
of which Remuneration and social security: +€2,637
- Profit (loss) carried forward -€1,935
down €1,935, from €823 to -€1,112
- Turnover -€167,953
no longer reported in 2025 (was €167,953)
- Purchases and services -€125,704
no longer reported in 2025 (was €125,704)
- Depreciation +€2,328
up €2,328 (+23.2%), from €10,021 to €12,349
- Staff costs -€2,238
down €2,238 (-7.4%), from €30,324 to €28,087
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 | €73,206 | €59,918 | -€13,288 | -18.2% |
| Fixed assets | 21/28 | €31,084 | €18,735 | -€12,349 | -39.7% |
| Tangible fixed assets | 22/27 | €31,084 | €18,735 | -€12,349 | -39.7% |
| Furniture and vehicles | 24 | €31,084 | €18,735 | -€12,349 | -39.7% |
| Current assets | 29/58 | €42,122 | €41,183 | -€939 | -2.2% |
| Stocks and contracts in progress | 3 | €1,636 | €6,188 | +€4,552 | +278% |
| Stocks | 30/36 | €1,636 | €6,188 | +€4,552 | +278% |
| Amounts receivable within one year | 40/41 | €36,498 | €28,952 | -€7,546 | -20.7% |
| Other amounts receivable | 41 | €36,498 | €28,952 | -€7,546 | -20.7% |
| Cash at bank and in hand | 54/58 | €3,988 | €6,043 | +€2,055 | +51.5% |
| Total equity and liabilities | 10/49 | €73,206 | €59,918 | -€13,288 | -18.2% |
| Equity | 10/15 | €19,789 | €17,855 | -€1,935 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366 | €366 | = | 0.0% |
| Non-distributable reserves | 130/1 | €366 | €366 | = | 0.0% |
| Reserves not available under the articles | 1311 | €366 | €366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €823 | -€1,112 | -€1,935 | |
| Amounts payable | 17/49 | €53,417 | €42,063 | -€11,353 | -21.3% |
| Amounts payable within one year | 42/48 | €53,417 | €42,063 | -€11,353 | -21.3% |
| Trade debts | 44 | €52,644 | €38,658 | -€13,986 | -26.6% |
| Suppliers | 440/4 | €52,644 | €38,658 | -€13,986 | -26.6% |
| Taxes, remuneration and social security | 45 | €769 | €3,405 | +€2,637 | +343% |
| Taxes | 450/3 | €769 | €769 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €2,637 | +€2,637 | |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Turnover | 70 | €167,953 | - | -€167,953 | |
| Non-recurring operating income | 76A | - | €10,836 | +€10,836 | |
| Goods, raw materials, services and sundry goods | 60/61 | €125,704 | - | -€125,704 | |
| Remuneration, social security and pensions | 62 | €30,324 | €28,087 | -€2,238 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,021 | €12,349 | +€2,328 | +23.2% |
| Other operating charges | 640/8 | - | €732 | +€732 | |
| Gross operating margin | 9900 | €42,249 | €40,841 | -€1,408 | -3.3% |
| Operating profit (loss) | 9901 | €1,904 | -€327 | -€2,230 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,744 | €1,609 | -€135 | -7.8% |
| Recurring financial charges | 65 | €1,744 | €1,609 | -€135 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €160 | -€1,935 | -€2,094 | |
| Income taxes | 67/77 | €17 | - | -€17 | |
| Profit (loss) for the period | 9904 | €142 | -€1,935 | -€2,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €142 | -€1,935 | -€2,077 |
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 15 October 2026 via checked.be.