ZALAKI: 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.
ZALAKI
Largest movements
- Current investments +€75,473
new in 2025: €75,473
- Cash -€51,937
down €51,937 (-65.0%), from €79,857 to €27,920
mainly Current investments (-€75,473) and Contributions, distributions and other (-€25,606)
- Receivables within one year -€11,042
down €11,042 (-70.6%), from €15,651 to €4,609
- Other debts +€22,150
up €22,150 (+641%), from €3,456 to €25,606
- Tax, wage and social debts -€12,926
down €12,926 (-99.4%), from €13,009 to €83
- Depreciation -€12,937
down €12,937 (-93.1%), from €13,892 to €955
- Gross operating margin +€5,928
up €5,928 (+16.3%), from €36,324 to €42,253
- Taxes +€5,356
up €5,356 (+109%), from €4,930 to €10,286
- Financial income +€675
new in 2025: €675
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 | €200,564 | €212,104 | +€11,539 | +5.8% |
| Fixed assets | 21/28 | €105,057 | €104,102 | -€955 | -0.9% |
| Tangible fixed assets | 22/27 | €99,755 | €98,800 | -€955 | -1.0% |
| Land and buildings | 22 | €99,755 | €98,800 | -€955 | -1.0% |
| Financial fixed assets | 28 | €5,302 | €5,302 | = | 0.0% |
| Current assets | 29/58 | €95,508 | €108,002 | +€12,494 | +13.1% |
| Amounts receivable within one year | 40/41 | €15,651 | €4,609 | -€11,042 | -70.6% |
| Other amounts receivable | 41 | €15,651 | €4,609 | -€11,042 | -70.6% |
| Current investments | 50/53 | - | €75,473 | +€75,473 | |
| Cash at bank and in hand | 54/58 | €79,857 | €27,920 | -€51,937 | -65.0% |
| Total equity and liabilities | 10/49 | €200,564 | €212,104 | +€11,539 | +5.8% |
| Equity | 10/15 | €183,973 | €185,795 | +€1,822 | +1.0% |
| Contributions | 10/11 | €21,801 | €21,801 | = | 0.0% |
| Reserves | 13 | €162,172 | €163,994 | +€1,822 | +1.1% |
| Distributable reserves | 133 | €162,172 | €163,994 | +€1,822 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,591 | €26,308 | +€9,717 | +58.6% |
| Amounts payable within one year | 42/48 | €16,591 | €26,308 | +€9,717 | +58.6% |
| Trade debts | 44 | €126 | €619 | +€493 | +391% |
| Suppliers | 440/4 | €126 | €619 | +€493 | +391% |
| Taxes, remuneration and social security | 45 | €13,009 | €83 | -€12,926 | -99.4% |
| Taxes | 450/3 | €13,009 | €83 | -€12,926 | -99.4% |
| Other amounts payable | 47/48 | €3,456 | €25,606 | +€22,150 | +641% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,892 | €955 | -€12,937 | -93.1% |
| Other operating charges | 640/8 | €4,236 | €4,128 | -€108 | -2.5% |
| Gross operating margin | 9900 | €36,324 | €42,253 | +€5,928 | +16.3% |
| Operating profit (loss) | 9901 | €18,197 | €37,170 | +€18,973 | +104% |
| Financial income | 75/76B | - | €675 | +€675 | |
| Recurring financial income | 75 | - | €675 | +€675 | |
| Financial charges | 65/66B | €122 | €131 | +€9 | +7.6% |
| Recurring financial charges | 65 | €122 | €131 | +€9 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €18,075 | €37,714 | +€19,639 | +109% |
| Income taxes | 67/77 | €4,930 | €10,286 | +€5,356 | +109% |
| Profit (loss) for the period | 9904 | €13,145 | €27,428 | +€14,283 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €13,145 | €27,428 | +€14,283 | +109% |
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 17 October 2026 via checked.be.