ZAIA: 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.
ZAIA
Largest movements
- Intangible fixed assets +€67,330
up €67,330 (+116.9%), from €57,612 to €124,943
- Deferred charges and accrued income -€41,335
down €41,335 (-81.5%), from €50,693 to €9,358
- Receivables within one year +€34,316
up €34,316 (+131.0%), from €26,193 to €60,509
of which Trade receivables: +€39,780
- Cash +€5,601
up €5,601 (+2186.5%), from €256 to €5,857
mainly Contributions, distributions and other (+€135,000) and Deferred charges and accrued income (+€41,335)
- Profit (loss) carried forward -€163,183
down €163,183, from €4,646 to -€158,537
- Contributions +€135,000
up €135,000 (+2700.0%), from €5,000 to €140,000
- Tax, wage and social debts +€39,434
up €39,434 (+2813.4%), from €1,402 to €40,835
of which Remuneration and social security: +€33,787
- Trade debts +€22,453
up €22,453 (+19.1%), from €117,618 to €140,071
- Accrued charges and deferred income +€19,263
new in 2025: €19,263
- Staff costs +€120,365
up €120,365 (+3386.5%), from €3,554 to €123,919
- Gross operating margin -€34,104
down €34,104, from €14,650 to -€19,453
- Depreciation +€8,925
up €8,925 (+226.3%), from €3,945 to €12,870
- Other operating charges +€2,914
up €2,914 (+318.9%), from €914 to €3,828
- Financial charges +€1,829
up €1,829 (+415.9%), from €440 to €2,268
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 | €134,755 | €200,867 | +€66,112 | +49.1% |
| Fixed assets | 21/28 | €57,612 | €125,143 | +€67,530 | +117.2% |
| Intangible fixed assets | 21 | €57,612 | €124,943 | +€67,330 | +116.9% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €77,142 | €75,724 | -€1,418 | -1.8% |
| Amounts receivable within one year | 40/41 | €26,193 | €60,509 | +€34,316 | +131.0% |
| Trade receivables | 40 | €4,800 | €44,580 | +€39,780 | +828.8% |
| Other amounts receivable | 41 | €21,394 | €15,929 | -€5,464 | -25.5% |
| Cash at bank and in hand | 54/58 | €256 | €5,857 | +€5,601 | +2186.5% |
| Deferred charges and accrued income | 490/1 | €50,693 | €9,358 | -€41,335 | -81.5% |
| Total equity and liabilities | 10/49 | €134,755 | €200,867 | +€66,112 | +49.1% |
| Equity | 10/15 | €9,646 | -€18,537 | -€28,183 | |
| Contributions | 10/11 | €5,000 | €140,000 | +€135,000 | +2700.0% |
| Profit (loss) carried forward | 14 | €4,646 | -€158,537 | -€163,183 | |
| Amounts payable | 17/49 | €125,109 | €219,404 | +€94,295 | +75.4% |
| Amounts payable within one year | 42/48 | €125,109 | €200,141 | +€75,032 | +60.0% |
| Trade debts | 44 | €117,618 | €140,071 | +€22,453 | +19.1% |
| Suppliers | 440/4 | €117,618 | €140,071 | +€22,453 | +19.1% |
| Taxes, remuneration and social security | 45 | €1,402 | €40,835 | +€39,434 | +2813.4% |
| Taxes | 450/3 | €1,179 | €6,825 | +€5,646 | +478.9% |
| Remuneration and social security | 454/9 | €223 | €34,010 | +€33,787 | +15168.3% |
| Other amounts payable | 47/48 | €6,089 | €19,235 | +€13,145 | +215.9% |
| Accrued charges and deferred income | 492/3 | - | €19,263 | +€19,263 | |
| Remuneration, social security and pensions | 62 | €3,554 | €123,919 | +€120,365 | +3386.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,945 | €12,870 | +€8,925 | +226.3% |
| Other operating charges | 640/8 | €914 | €3,828 | +€2,914 | +318.9% |
| Non-recurring operating charges | 66A | - | €726 | +€726 | |
| Gross operating margin | 9900 | €14,650 | -€19,453 | -€34,104 | |
| Operating profit (loss) | 9901 | €6,238 | -€160,796 | -€167,034 | |
| Financial income | 75/76B | €27 | €0 | -€26 | -99.9% |
| Recurring financial income | 75 | €27 | €0 | -€26 | -99.9% |
| Financial charges | 65/66B | €440 | €2,268 | +€1,829 | +415.9% |
| Recurring financial charges | 65 | €440 | €2,268 | +€1,829 | +415.9% |
| Profit (loss) for the period before taxes | 9903 | €5,825 | -€163,064 | -€168,889 | |
| Income taxes | 67/77 | €1,179 | €119 | -€1,060 | -89.9% |
| Profit (loss) for the period | 9904 | €4,646 | -€163,183 | -€167,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,646 | -€163,183 | -€167,828 |
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 12 October 2026 via checked.be.