Zaidan: what changed
Two fiscal 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.
Zaidan
Largest movements
- Stocks and contracts -€11,631
down €11,631 (-24.9%), from €46,631 to €35,000
- Receivables within one year +€667
new in 2025: €667
- Tangible fixed assets -€500
down €500 (-16.3%), from €3,076 to €2,576
- Profit (loss) carried forward -€15,404
down €15,404 (-19.7%), from -€77,996 to -€93,400
- Trade debts +€2,849
up €2,849 (+261.1%), from €1,091 to €3,940
- Other debts +€2,351
up €2,351 (+576.4%), from €408 to €2,759
- Tax, wage and social debts -€1,261
no longer reported in 2025 (was €1,261)
- Gross operating margin -€8,157
down €8,157 (-122.7%), from -€6,650 to -€14,807
- Financial charges -€705
down €705 (-95.5%), from €738 to €33
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,708 | €38,243 | -€11,464 | -23.1% |
| Fixed assets | 21/28 | €3,076 | €2,576 | -€500 | -16.3% |
| Tangible fixed assets | 22/27 | €3,076 | €2,576 | -€500 | -16.3% |
| Land and buildings | 22 | €3,076 | €2,576 | -€500 | -16.3% |
| Current assets | 29/58 | €46,631 | €35,667 | -€10,964 | -23.5% |
| Stocks and contracts in progress | 3 | €46,631 | €35,000 | -€11,631 | -24.9% |
| Stocks | 30/36 | €46,631 | €35,000 | -€11,631 | -24.9% |
| Amounts receivable within one year | 40/41 | - | €667 | +€667 | |
| Other amounts receivable | 41 | - | €667 | +€667 | |
| Total equity and liabilities | 10/49 | €49,708 | €38,243 | -€11,464 | -23.1% |
| Equity | 10/15 | -€68,996 | -€84,400 | -€15,404 | -22.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,996 | -€93,400 | -€15,404 | -19.7% |
| Amounts payable | 17/49 | €118,704 | €122,643 | +€3,939 | +3.3% |
| Amounts payable after more than one year | 17 | €115,944 | €115,944 | = | 0.0% |
| Other amounts payable | 178/9 | €115,944 | €115,944 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,760 | €6,699 | +€3,939 | +142.7% |
| Trade debts | 44 | €1,091 | €3,940 | +€2,849 | +261.1% |
| Suppliers | 440/4 | €1,091 | €3,940 | +€2,849 | +261.1% |
| Taxes, remuneration and social security | 45 | €1,261 | - | -€1,261 | |
| Taxes | 450/3 | €1,261 | - | -€1,261 | |
| Other amounts payable | 47/48 | €408 | €2,759 | +€2,351 | +576.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €150 | €63 | -€87 | -58.0% |
| Gross operating margin | 9900 | -€6,650 | -€14,807 | -€8,157 | -122.7% |
| Operating profit (loss) | 9901 | -€7,300 | -€15,370 | -€8,070 | -110.5% |
| Financial charges | 65/66B | €738 | €33 | -€705 | -95.5% |
| Recurring financial charges | 65 | €738 | €33 | -€705 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,038 | -€15,404 | -€7,365 | -91.6% |
| Profit (loss) for the period | 9904 | -€8,038 | -€15,404 | -€7,365 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,038 | -€15,404 | -€7,365 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.