ZAK BAH: 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.
ZAK BAH
Largest movements
- Cash -€2,071
down €2,071 (-51.4%), from €4,030 to €1,959
mainly Other debts (-€1,951) and Receivables within one year (-€1,549)
- Receivables within one year +€1,549
up €1,549 (+41.8%), from €3,708 to €5,257
- Other debts -€1,951
no longer reported in 2025 (was €1,951)
- Trade debts +€713
up €713 (+572%), from €125 to €838
- Profit (loss) carried forward +€581
up €581 (+5.2%), from -€11,276 to -€10,695
- Gross operating margin -€2,921
down €2,921 (-77.6%), from €3,765 to €843
- Other operating charges -€2,468
down €2,468 (-96.1%), from €2,568 to €100
- Financial charges -€41
down €41 (-20.0%), from €203 to €162
of which Non-recurring financial charges: -€35
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.
Derived cash bridge
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 | €9,401 | €8,834 | -€567 | -6.0% |
| Current assets | 29/58 | €9,401 | €8,834 | -€567 | -6.0% |
| Amounts receivable within one year | 40/41 | €3,708 | €5,257 | +€1,549 | +41.8% |
| Other amounts receivable | 41 | €3,708 | €5,257 | +€1,549 | +41.8% |
| Cash at bank and in hand | 54/58 | €4,030 | €1,959 | -€2,071 | -51.4% |
| Deferred charges and accrued income | 490/1 | €1,663 | €1,618 | -€45 | -2.7% |
| Total equity and liabilities | 10/49 | €9,401 | €8,834 | -€567 | -6.0% |
| Equity | 10/15 | €7,324 | €7,905 | +€581 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,276 | -€10,695 | +€581 | +5.2% |
| Amounts payable | 17/49 | €2,077 | €928 | -€1,149 | -55.3% |
| Amounts payable within one year | 42/48 | €2,077 | €928 | -€1,149 | -55.3% |
| Trade debts | 44 | €125 | €838 | +€713 | +572% |
| Suppliers | 440/4 | €125 | €838 | +€713 | +572% |
| Taxes, remuneration and social security | 45 | €1 | €90 | +€89 | +6,383% |
| Taxes | 450/3 | - | €89 | +€89 | |
| Remuneration and social security | 454/9 | €1 | €1 | = | 0.0% |
| Other amounts payable | 47/48 | €1,951 | - | -€1,951 | |
| Other operating charges | 640/8 | €2,568 | €100 | -€2,468 | -96.1% |
| Gross operating margin | 9900 | €3,765 | €843 | -€2,921 | -77.6% |
| Operating profit (loss) | 9901 | €1,197 | €743 | -€454 | -37.9% |
| Financial charges | 65/66B | €203 | €162 | -€41 | -20.0% |
| Recurring financial charges | 65 | €168 | €162 | -€6 | -3.5% |
| Non-recurring financial charges | 66B | €35 | - | -€35 | |
| Profit (loss) for the period before taxes | 9903 | €994 | €581 | -€413 | -41.5% |
| Profit (loss) for the period | 9904 | €994 | €581 | -€413 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €994 | €581 | -€413 | -41.5% |
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 31 October 2026 via checked.be.