ZAIKO: 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.
ZAIKO
Largest movements
- Intangible fixed assets -€8,033
down €8,033 (-95.3%), from €8,434 to €400
- Cash -€1,545
no longer reported in 2025 (was €1,545)
mainly Net result for the year (-€11,350)
- Tangible fixed assets -€520
down €520 (-68.0%), from €765 to €244
- Profit (loss) carried forward -€11,350
down €11,350 (-100.1%), from -€11,343 to -€22,692
- Other debts +€902
up €902 (+4.9%), from €18,452 to €19,354
- Current portion of long-term debt +€217
new in 2025: €217
- Tax, wage and social debts +€132
up €132 (+5.0%), from €2,634 to €2,766
- Gross operating margin +€8,388
up €8,388 (+77.7%), from -€10,791 to -€2,403
- Financial charges +€142
up €142 (+120.4%), from €118 to €261
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 | €10,743 | €645 | -€10,098 | -94.0% |
| Fixed assets | 21/28 | €9,198 | €645 | -€8,554 | -93.0% |
| Intangible fixed assets | 21 | €8,434 | €400 | -€8,033 | -95.3% |
| Tangible fixed assets | 22/27 | €765 | €244 | -€520 | -68.0% |
| Plant, machinery and equipment | 23 | €765 | €244 | -€520 | -68.0% |
| Current assets | 29/58 | €1,545 | - | -€1,545 | |
| Cash at bank and in hand | 54/58 | €1,545 | - | -€1,545 | |
| Total equity and liabilities | 10/49 | €10,743 | €645 | -€10,098 | -94.0% |
| Equity | 10/15 | -€10,343 | -€21,692 | -€11,350 | -109.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,343 | -€22,692 | -€11,350 | -100.1% |
| Amounts payable | 17/49 | €21,086 | €22,337 | +€1,251 | +5.9% |
| Amounts payable within one year | 42/48 | €21,086 | €22,337 | +€1,251 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | - | €217 | +€217 | |
| Taxes, remuneration and social security | 45 | €2,634 | €2,766 | +€132 | +5.0% |
| Taxes | 450/3 | €2,634 | €2,766 | +€132 | +5.0% |
| Other amounts payable | 47/48 | €18,452 | €19,354 | +€902 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,554 | €8,554 | -€0 | 0.0% |
| Gross operating margin | 9900 | -€10,791 | -€2,403 | +€8,388 | +77.7% |
| Operating profit (loss) | 9901 | -€19,345 | -€10,957 | +€8,388 | +43.4% |
| Financial charges | 65/66B | €118 | €261 | +€142 | +120.4% |
| Recurring financial charges | 65 | €118 | €261 | +€142 | +120.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,463 | -€11,218 | +€8,246 | +42.4% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€19,591 | -€11,350 | +€8,242 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,591 | -€11,350 | +€8,242 | +42.1% |
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 2 October 2026 via checked.be.