Zakaria Barkan: what changed
Zakaria Barkan
Largest movements
- Receivables within one year -€7,293
down €7,293 (-21.0%), from €34,695 to €27,402
of which Trade receivables: -€8,020
- Cash +€2,095
up €2,095 (+225%), from €930 to €3,024
mainly Receivables within one year (+€7,293) and Other debts (+€3,770)
- Tangible fixed assets +€1,542
new in 2025: €1,542
- Financial fixed assets +€1,398
up €1,398 (+7.1%), from €19,625 to €21,023
- Tax, wage and social debts -€6,615
down €6,615 (-33.6%), from €19,680 to €13,066
- Other debts +€3,770
up €3,770 (+2,516%), from €150 to €3,920
- Trade debts +€2,137
up €2,137 (+461%), from €463 to €2,600
- Profit (loss) carried forward -€1,277
down €1,277 (-4.0%), from €32,227 to €30,949
- Gross operating margin -€42,956
down €42,956, from €41,416 to -€1,540
- Taxes -€8,415
down €8,415 (-97.6%), from €8,624 to €210
- Financial income +€1,412
up €1,412 (+7,844%), from €18 to €1,430
- Other operating charges +€554
up €554 (+244%), from €227 to €781
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,284 | €53,302 | -€1,981 | -3.6% |
| Fixed assets | 21/28 | €19,625 | €22,564 | +€2,939 | +15.0% |
| Tangible fixed assets | 22/27 | - | €1,542 | +€1,542 | |
| Plant, machinery and equipment | 23 | - | €1,542 | +€1,542 | |
| Financial fixed assets | 28 | €19,625 | €21,023 | +€1,398 | +7.1% |
| Current assets | 29/58 | €35,659 | €30,738 | -€4,921 | -13.8% |
| Amounts receivable within one year | 40/41 | €34,695 | €27,402 | -€7,293 | -21.0% |
| Trade receivables | 40 | €34,632 | €26,612 | -€8,020 | -23.2% |
| Other amounts receivable | 41 | €63 | €790 | +€727 | +1,154% |
| Cash at bank and in hand | 54/58 | €930 | €3,024 | +€2,095 | +225% |
| Deferred charges and accrued income | 490/1 | €33 | €311 | +€278 | +831% |
| Total equity and liabilities | 10/49 | €55,284 | €53,302 | -€1,981 | -3.6% |
| Equity | 10/15 | €34,977 | €33,699 | -€1,277 | -3.7% |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,227 | €30,949 | -€1,277 | -4.0% |
| Amounts payable | 17/49 | €20,307 | €19,603 | -€704 | -3.5% |
| Amounts payable within one year | 42/48 | €20,307 | €19,603 | -€704 | -3.5% |
| Financial debts | 43 | €14 | €17 | +€4 | +27.8% |
| Credit institutions | 430/8 | €14 | €17 | +€4 | +27.8% |
| Trade debts | 44 | €463 | €2,600 | +€2,137 | +461% |
| Suppliers | 440/4 | €463 | €2,600 | +€2,137 | +461% |
| Taxes, remuneration and social security | 45 | €19,680 | €13,066 | -€6,615 | -33.6% |
| Taxes | 450/3 | €19,680 | €13,066 | -€6,615 | -33.6% |
| Other amounts payable | 47/48 | €150 | €3,920 | +€3,770 | +2,516% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €108 | +€108 | |
| Other operating charges | 640/8 | €227 | €781 | +€554 | +244% |
| Gross operating margin | 9900 | €41,416 | -€1,540 | -€42,956 | |
| Operating profit (loss) | 9901 | €41,189 | -€2,430 | -€43,619 | |
| Financial income | 75/76B | €18 | €1,430 | +€1,412 | +7,844% |
| Recurring financial income | 75 | €18 | €1,430 | +€1,412 | +7,844% |
| Financial charges | 65/66B | €356 | €68 | -€288 | -81.0% |
| Recurring financial charges | 65 | €356 | €68 | -€288 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €40,851 | -€1,068 | -€41,919 | |
| Income taxes | 67/77 | €8,624 | €210 | -€8,415 | -97.6% |
| Profit (loss) for the period | 9904 | €32,227 | -€1,277 | -€33,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,227 | -€1,277 | -€33,504 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.