ZAID: 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.
ZAID
Largest movements
- Tangible fixed assets -€20,400
down €20,400 (-4.1%), from €492,320 to €471,920
- Debts after one year -€48,762
down €48,762 (-13.5%), from €360,464 to €311,702
- Profit (loss) carried forward +€12,137
up €12,137 (+17.1%), from €70,802 to €82,939
- Tax, wage and social debts +€6,655
new in 2025: €6,655
- Taxes +€12,690
new in 2025: €12,690
- Financial charges -€1,685
down €1,685 (-16.6%), from €10,154 to €8,468
- Purchases and services +€1,276
new in 2025: €1,276
- Gross operating margin -€1,101
down €1,101 (-2.0%), from €55,396 to €54,295
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 | €496,272 | €471,984 | -€24,288 | -4.9% |
| Fixed assets | 21/28 | €492,320 | €471,920 | -€20,400 | -4.1% |
| Tangible fixed assets | 22/27 | €492,320 | €471,920 | -€20,400 | -4.1% |
| Land and buildings | 22 | €492,320 | €471,920 | -€20,400 | -4.1% |
| Current assets | 29/58 | €3,952 | €64 | -€3,888 | -98.4% |
| Amounts receivable within one year | 40/41 | €3,905 | €0 | -€3,905 | -100.0% |
| Other amounts receivable | 41 | €3,905 | €0 | -€3,905 | -100.0% |
| Cash at bank and in hand | 54/58 | €47 | €64 | +€17 | +36.7% |
| Total equity and liabilities | 10/49 | €496,272 | €471,984 | -€24,288 | -4.9% |
| Equity | 10/15 | €84,422 | €96,559 | +€12,137 | +14.4% |
| Contributions | 10/11 | €11,760 | €11,760 | = | 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 | €70,802 | €82,939 | +€12,137 | +17.1% |
| Amounts payable | 17/49 | €411,850 | €375,425 | -€36,425 | -8.8% |
| Amounts payable after more than one year | 17 | €360,464 | €311,702 | -€48,762 | -13.5% |
| Financial debts | 170/4 | €360,464 | €311,702 | -€48,762 | -13.5% |
| Amounts payable within one year | 42/48 | €51,386 | €63,723 | +€12,337 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €47,065 | €48,762 | +€1,698 | +3.6% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | - | €6,655 | +€6,655 | |
| Taxes | 450/3 | - | €6,655 | +€6,655 | |
| Other amounts payable | 47/48 | €4,322 | €7,906 | +€3,584 | +82.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,276 | +€1,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,400 | €20,400 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €600 | +€212 | +54.8% |
| Gross operating margin | 9900 | €55,396 | €54,295 | -€1,101 | -2.0% |
| Operating profit (loss) | 9901 | €34,609 | €33,296 | -€1,313 | -3.8% |
| Financial charges | 65/66B | €10,154 | €8,468 | -€1,685 | -16.6% |
| Recurring financial charges | 65 | €10,154 | €8,468 | -€1,685 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €24,455 | €24,827 | +€372 | +1.5% |
| Income taxes | 67/77 | - | €12,690 | +€12,690 | |
| Profit (loss) for the period | 9904 | €24,455 | €12,137 | -€12,318 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,455 | €12,137 | -€12,318 | -50.4% |
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.