ZAKI TEAM: 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.
ZAKI TEAM
Largest movements
- Stocks and contracts -€109,243
down €109,243 (-41.0%), from €266,680 to €157,437
- Tangible fixed assets +€17,764
up €17,764 (+572%), from €3,108 to €20,872
of which Furniture and vehicles: +€17,275
- Profit (loss) carried forward -€91,581
down €91,581 (-51.3%), from €178,447 to €86,867
- Tax, wage and social debts +€33,157
up €33,157 (+32.4%), from €102,195 to €135,352
of which Taxes: +€37,416
- Trade debts -€19,373
down €19,373 (-21.4%), from €90,715 to €71,342
- Other debts -€16,627
down €16,627 (-100%), from €16,627 to €0
- Gross operating margin -€172,073
down €172,073 (-67.9%), from €253,368 to €81,295
- Staff costs -€70,579
down €70,579 (-31.6%), from €223,146 to €152,566
- Taxes -€12,189
down €12,189 (-98.7%), from €12,353 to €164
- Other operating charges +€10,404
up €10,404 (+424%), from €2,452 to €12,856
- Financial charges +€3,701
up €3,701 (+190%), from €1,945 to €5,646
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 | €408,390 | €312,161 | -€96,229 | -23.6% |
| Fixed assets | 21/28 | €3,108 | €20,872 | +€17,764 | +572% |
| Tangible fixed assets | 22/27 | €3,108 | €20,872 | +€17,764 | +572% |
| Plant, machinery and equipment | 23 | €3,108 | €3,596 | +€489 | +15.7% |
| Furniture and vehicles | 24 | - | €17,275 | +€17,275 | |
| Current assets | 29/58 | €405,282 | €291,289 | -€113,993 | -28.1% |
| Stocks and contracts in progress | 3 | €266,680 | €157,437 | -€109,243 | -41.0% |
| Contracts in progress | 37 | €266,680 | €157,437 | -€109,243 | -41.0% |
| Amounts receivable within one year | 40/41 | €126,929 | €124,633 | -€2,296 | -1.8% |
| Trade receivables | 40 | €89,133 | €62,550 | -€26,583 | -29.8% |
| Other amounts receivable | 41 | €37,797 | €62,084 | +€24,287 | +64.3% |
| Cash at bank and in hand | 54/58 | €9,051 | €7,497 | -€1,554 | -17.2% |
| Deferred charges and accrued income | 490/1 | €2,621 | €1,721 | -€900 | -34.3% |
| Total equity and liabilities | 10/49 | €408,390 | €312,161 | -€96,229 | -23.6% |
| Equity | 10/15 | €197,047 | €105,467 | -€91,581 | -46.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,447 | €86,867 | -€91,581 | -51.3% |
| Amounts payable | 17/49 | €211,342 | €206,694 | -€4,649 | -2.2% |
| Amounts payable within one year | 42/48 | €211,342 | €206,694 | -€4,649 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,806 | €0 | -€1,806 | -100% |
| Credit institutions | 430/8 | €1,806 | €0 | -€1,806 | -100% |
| Trade debts | 44 | €90,715 | €71,342 | -€19,373 | -21.4% |
| Suppliers | 440/4 | €90,715 | €71,342 | -€19,373 | -21.4% |
| Taxes, remuneration and social security | 45 | €102,195 | €135,352 | +€33,157 | +32.4% |
| Taxes | 450/3 | €45,882 | €83,298 | +€37,416 | +81.5% |
| Remuneration and social security | 454/9 | €56,313 | €52,054 | -€4,259 | -7.6% |
| Other amounts payable | 47/48 | €16,627 | €0 | -€16,627 | -100% |
| Remuneration, social security and pensions | 62 | €223,146 | €152,566 | -€70,579 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,375 | €1,886 | +€511 | +37.2% |
| Other operating charges | 640/8 | €2,452 | €12,856 | +€10,404 | +424% |
| Gross operating margin | 9900 | €253,368 | €81,295 | -€172,073 | -67.9% |
| Operating profit (loss) | 9901 | €26,396 | -€86,013 | -€112,409 | |
| Financial income | 75/76B | €818 | €242 | -€576 | -70.4% |
| Recurring financial income | 75 | €818 | €242 | -€576 | -70.4% |
| Financial charges | 65/66B | €1,945 | €5,646 | +€3,701 | +190% |
| Recurring financial charges | 65 | €1,945 | €5,646 | +€3,701 | +190% |
| Profit (loss) for the period before taxes | 9903 | €25,269 | -€91,417 | -€116,686 | |
| Income taxes | 67/77 | €12,353 | €164 | -€12,189 | -98.7% |
| Profit (loss) for the period | 9904 | €12,916 | -€91,581 | -€104,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,916 | -€91,581 | -€104,497 |
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 26 October 2026 via checked.be.