ZAIN TR: 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.
ZAIN TR
Largest movements
- Receivables within one year -€37,268
down €37,268 (-71.7%), from €51,990 to €14,722
of which Trade receivables: -€37,268
- Tangible fixed assets -€6,467
down €6,467 (-19.8%), from €32,666 to €26,199
- Trade debts -€34,023
no longer reported in 2025 (was €34,023)
- Other debts -€22,750
down €22,750 (-50.2%), from €45,278 to €22,528
- Tax, wage and social debts +€11,075
new in 2025: €11,075
of which Remuneration and social security: +€10,000
- Profit (loss) carried forward +€1,905
up €1,905 (+42.3%), from -€4,503 to -€2,598
- Gross operating margin +€12,173
up €12,173, from -€974 to €11,200
- Depreciation +€8,413
up €8,413 (+2192.3%), from €384 to €8,797
- Financial charges -€2,641
down €2,641 (-98.1%), from €2,693 to €52
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 | €86,799 | €43,149 | -€43,649 | -50.3% |
| Fixed assets | 21/28 | €32,666 | €26,199 | -€6,467 | -19.8% |
| Tangible fixed assets | 22/27 | €32,666 | €26,199 | -€6,467 | -19.8% |
| Furniture and vehicles | 24 | €32,666 | €26,199 | -€6,467 | -19.8% |
| Current assets | 29/58 | €54,133 | €16,951 | -€37,182 | -68.7% |
| Amounts receivable within one year | 40/41 | €51,990 | €14,722 | -€37,268 | -71.7% |
| Trade receivables | 40 | €39,990 | €2,722 | -€37,268 | -93.2% |
| Other amounts receivable | 41 | €12,000 | €12,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,143 | €2,229 | +€86 | +4.0% |
| Total equity and liabilities | 10/49 | €86,799 | €43,149 | -€43,649 | -50.3% |
| Equity | 10/15 | €7,497 | €9,402 | +€1,905 | +25.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,503 | -€2,598 | +€1,905 | +42.3% |
| Amounts payable | 17/49 | €79,302 | €33,747 | -€45,555 | -57.4% |
| Amounts payable within one year | 42/48 | €79,302 | €33,747 | -€45,555 | -57.4% |
| Trade debts | 44 | €34,023 | - | -€34,023 | |
| Suppliers | 440/4 | €34,023 | - | -€34,023 | |
| Advances received on contracts in progress | 46 | - | €144 | +€144 | |
| Taxes, remuneration and social security | 45 | - | €11,075 | +€11,075 | |
| Taxes | 450/3 | - | €1,075 | +€1,075 | |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €45,278 | €22,528 | -€22,750 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €8,797 | +€8,413 | +2192.3% |
| Other operating charges | 640/8 | €452 | €445 | -€7 | -1.6% |
| Gross operating margin | 9900 | -€974 | €11,200 | +€12,173 | |
| Operating profit (loss) | 9901 | -€1,810 | €1,957 | +€3,767 | |
| Financial charges | 65/66B | €2,693 | €52 | -€2,641 | -98.1% |
| Recurring financial charges | 65 | €2,693 | €52 | -€2,641 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,503 | €1,905 | +€6,408 | |
| Profit (loss) for the period | 9904 | -€4,503 | €1,905 | +€6,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,503 | €1,905 | +€6,408 |
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 11 October 2026 via checked.be.