Zahrada: 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.
Zahrada
Largest movements
- Tangible fixed assets -€33,088
down €33,088 (-4.6%), from €726,290 to €693,202
of which Land and buildings: -€22,253
- Reserves -€115,633
down €115,633 (-90.3%), from €128,083 to €12,450
of which Distributable reserves: -€115,633
- Other debts +€77,296
up €77,296 (+178%), from €43,304 to €120,600
- Debts after one year -€45,242
down €45,242 (-10.0%), from €452,057 to €406,816
- Current portion of long-term debt +€23,536
up €23,536 (+36.5%), from €64,535 to €88,071
- Trade debts +€20,464
up €20,464 (+203%), from €10,098 to €30,562
- Gross operating margin +€19,873
up €19,873 (+21.4%), from €92,744 to €112,618
- Taxes +€16,522
up €16,522 (+728%), from €2,269 to €18,791
- Depreciation +€7,336
up €7,336 (+13.3%), from €55,172 to €62,507
- Financial charges +€4,547
up €4,547 (+26.8%), from €16,968 to €21,515
- Other operating charges +€2,356
up €2,356 (+66.2%), from €3,560 to €5,916
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 | €745,997 | €721,763 | -€24,235 | -3.2% |
| Fixed assets | 21/28 | €726,290 | €693,202 | -€33,088 | -4.6% |
| Tangible fixed assets | 22/27 | €726,290 | €693,202 | -€33,088 | -4.6% |
| Land and buildings | 22 | €714,712 | €692,459 | -€22,253 | -3.1% |
| Furniture and vehicles | 24 | €11,577 | €743 | -€10,835 | -93.6% |
| Current assets | 29/58 | €19,708 | €28,561 | +€8,853 | +44.9% |
| Amounts receivable within one year | 40/41 | €15,355 | €18,825 | +€3,470 | +22.6% |
| Trade receivables | 40 | €15,355 | €18,825 | +€3,470 | +22.6% |
| Cash at bank and in hand | 54/58 | €4,353 | €6,088 | +€1,735 | +39.9% |
| Deferred charges and accrued income | 490/1 | - | €3,648 | +€3,648 | |
| Total equity and liabilities | 10/49 | €745,997 | €721,763 | -€24,235 | -3.2% |
| Equity | 10/15 | €168,110 | €56,366 | -€111,744 | -66.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €128,083 | €12,450 | -€115,633 | -90.3% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €124,083 | €8,450 | -€115,633 | -93.2% |
| Profit (loss) carried forward | 14 | €27 | €3,916 | +€3,889 | +14,261% |
| Amounts payable | 17/49 | €577,887 | €665,397 | +€87,509 | +15.1% |
| Amounts payable after more than one year | 17 | €452,057 | €406,816 | -€45,242 | -10.0% |
| Financial debts | 170/4 | €452,057 | €406,816 | -€45,242 | -10.0% |
| Amounts payable within one year | 42/48 | €124,136 | €251,579 | +€127,443 | +103% |
| Current portion of amounts payable after more than one year | 42 | €64,535 | €88,071 | +€23,536 | +36.5% |
| Trade debts | 44 | €10,098 | €30,562 | +€20,464 | +203% |
| Suppliers | 440/4 | €10,098 | €30,562 | +€20,464 | +203% |
| Taxes, remuneration and social security | 45 | €6,198 | €12,346 | +€6,148 | +99.2% |
| Taxes | 450/3 | €6,198 | €12,346 | +€6,148 | +99.2% |
| Other amounts payable | 47/48 | €43,304 | €120,600 | +€77,296 | +178% |
| Accrued charges and deferred income | 492/3 | €1,695 | €7,002 | +€5,308 | +313% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,172 | €62,507 | +€7,336 | +13.3% |
| Other operating charges | 640/8 | €3,560 | €5,916 | +€2,356 | +66.2% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €92,744 | €112,618 | +€19,873 | +21.4% |
| Operating profit (loss) | 9901 | €34,013 | €44,195 | +€10,181 | +29.9% |
| Financial charges | 65/66B | €16,968 | €21,515 | +€4,547 | +26.8% |
| Recurring financial charges | 65 | €16,968 | €21,515 | +€4,547 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €17,045 | €22,680 | +€5,634 | +33.1% |
| Income taxes | 67/77 | €2,269 | €18,791 | +€16,522 | +728% |
| Profit (loss) for the period | 9904 | €14,776 | €3,889 | -€10,887 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,776 | €3,889 | -€10,887 | -73.7% |
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 29 October 2026 via checked.be.