ZAKHI: 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.
ZAKHI
Largest movements
- Cash -€35,141
down €35,141 (-60.2%), from €58,413 to €23,271
mainly Net result for the year (-€19,037) and Stocks and contracts (-€11,635)
- Stocks and contracts +€11,635
up €11,635 (+27.3%), from €42,614 to €54,249
- Receivables within one year -€9,451
down €9,451 (-93.2%), from €10,141 to €689
- Profit (loss) carried forward -€19,037
down €19,037, from €426 to -€18,611
- Other debts -€10,441
down €10,441 (-11.6%), from €90,223 to €79,782
- Trade debts -€3,541
down €3,541 (-79.9%), from €4,430 to €889
- Other operating charges +€19,071
up €19,071 (+627%), from €3,041 to €22,112
- Gross operating margin -€11,850
down €11,850 (-60.6%), from €19,542 to €7,692
- Taxes -€3,179
no longer reported in 2025 (was €3,179)
- Financial charges +€873
up €873 (+22.7%), from €3,842 to €4,715
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 | €117,617 | €84,877 | -€32,740 | -27.8% |
| Fixed assets | 21/28 | €6,449 | €6,449 | = | 0.0% |
| Financial fixed assets | 28 | €6,449 | €6,449 | = | 0.0% |
| Current assets | 29/58 | €111,168 | €78,428 | -€32,740 | -29.5% |
| Stocks and contracts in progress | 3 | €42,614 | €54,249 | +€11,635 | +27.3% |
| Stocks | 30/36 | €42,614 | €54,249 | +€11,635 | +27.3% |
| Amounts receivable within one year | 40/41 | €10,141 | €689 | -€9,451 | -93.2% |
| Other amounts receivable | 41 | €10,141 | €689 | -€9,451 | -93.2% |
| Cash at bank and in hand | 54/58 | €58,413 | €23,271 | -€35,141 | -60.2% |
| Deferred charges and accrued income | 490/1 | - | €218 | +€218 | |
| Total equity and liabilities | 10/49 | €117,617 | €84,877 | -€32,740 | -27.8% |
| Equity | 10/15 | €19,026 | -€11 | -€19,037 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €426 | -€18,611 | -€19,037 | |
| Amounts payable | 17/49 | €98,590 | €84,887 | -€13,703 | -13.9% |
| Amounts payable within one year | 42/48 | €98,590 | €84,887 | -€13,703 | -13.9% |
| Trade debts | 44 | €4,430 | €889 | -€3,541 | -79.9% |
| Suppliers | 440/4 | €4,430 | €889 | -€3,541 | -79.9% |
| Taxes, remuneration and social security | 45 | €3,937 | €4,216 | +€279 | +7.1% |
| Taxes | 450/3 | €3,937 | €4,216 | +€279 | +7.1% |
| Other amounts payable | 47/48 | €90,223 | €79,782 | -€10,441 | -11.6% |
| Other operating charges | 640/8 | €3,041 | €22,112 | +€19,071 | +627% |
| Gross operating margin | 9900 | €19,542 | €7,692 | -€11,850 | -60.6% |
| Operating profit (loss) | 9901 | €16,501 | -€14,419 | -€30,920 | |
| Financial income | 75/76B | €15 | €97 | +€83 | +558% |
| Recurring financial income | 75 | €15 | €97 | +€83 | +558% |
| Financial charges | 65/66B | €3,842 | €4,715 | +€873 | +22.7% |
| Recurring financial charges | 65 | €3,842 | €4,715 | +€873 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €12,674 | -€19,037 | -€31,711 | |
| Income taxes | 67/77 | €3,179 | - | -€3,179 | |
| Profit (loss) for the period | 9904 | €9,494 | -€19,037 | -€28,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,494 | -€19,037 | -€28,532 |
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 22 October 2026 via checked.be.