ZAK GARDEN: what changed
ZAK GARDEN
Largest movements
- Tangible fixed assets -€29,238
down €29,238 (-11.4%), from €256,100 to €226,862
of which Plant, machinery and equipment: -€22,657
- Receivables within one year -€2,666
no longer reported in 2026 (was €2,666)
- Investment grants -€18,750
down €18,750 (-43.9%), from €42,746 to €23,997
- Profit (loss) carried forward -€12,979
down €12,979 (-4.7%), from -€277,853 to -€290,832
- Gross operating margin -€3,435
down €3,435 (-90.6%), from €3,793 to €358
- Other operating charges +€1,013
up €1,013 (+85.5%), from €1,184 to €2,197
- Financial charges +€488
up €488 (+297%), from €164 to €651
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,513 | €227,993 | -€31,520 | -12.1% |
| Fixed assets | 21/28 | €256,550 | €227,312 | -€29,238 | -11.4% |
| Tangible fixed assets | 22/27 | €256,100 | €226,862 | -€29,238 | -11.4% |
| Land and buildings | 22 | €182,678 | €176,097 | -€6,581 | -3.6% |
| Plant, machinery and equipment | 23 | €73,422 | €50,765 | -€22,657 | -30.9% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €2,963 | €681 | -€2,282 | -77.0% |
| Amounts receivable within one year | 40/41 | €2,666 | - | -€2,666 | |
| Other amounts receivable | 41 | €2,666 | - | -€2,666 | |
| Cash at bank and in hand | 54/58 | €297 | €681 | +€384 | +129% |
| Total equity and liabilities | 10/49 | €259,513 | €227,993 | -€31,520 | -12.1% |
| Equity | 10/15 | -€215,107 | -€246,836 | -€31,729 | -14.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€277,853 | -€290,832 | -€12,979 | -4.7% |
| Investment grants | 15 | €42,746 | €23,997 | -€18,750 | -43.9% |
| Amounts payable | 17/49 | €474,620 | €474,829 | +€209 | 0.0% |
| Amounts payable within one year | 42/48 | €474,620 | €474,829 | +€209 | 0.0% |
| Trade debts | 44 | €542 | €1,661 | +€1,119 | +206% |
| Suppliers | 440/4 | €542 | €1,661 | +€1,119 | +206% |
| Taxes, remuneration and social security | 45 | - | €545 | +€545 | |
| Taxes | 450/3 | - | €545 | +€545 | |
| Other amounts payable | 47/48 | €474,077 | €472,623 | -€1,455 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,238 | €29,238 | = | 0.0% |
| Other operating charges | 640/8 | €1,184 | €2,197 | +€1,013 | +85.5% |
| Gross operating margin | 9900 | €3,793 | €358 | -€3,435 | -90.6% |
| Operating profit (loss) | 9901 | -€26,630 | -€31,078 | -€4,448 | -16.7% |
| Financial income | 75/76B | €18,750 | €18,750 | = | 0.0% |
| Recurring financial income | 75 | €18,750 | €18,750 | = | 0.0% |
| Financial charges | 65/66B | €164 | €651 | +€488 | +297% |
| Recurring financial charges | 65 | €164 | €651 | +€488 | +297% |
| Profit (loss) for the period before taxes | 9903 | -€8,044 | -€12,979 | -€4,935 | -61.4% |
| Profit (loss) for the period | 9904 | -€8,044 | -€12,979 | -€4,935 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,044 | -€12,979 | -€4,935 | -61.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.