Zalig: 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.
Zalig
Largest movements
- Financial fixed assets -€60,731
down €60,731 (-9.2%), from €661,312 to €600,581
- Reserves -€31,510
down €31,510 (-27.1%), from €116,422 to €84,912
- Debts after one year -€26,714
down €26,714 (-39.6%), from €67,400 to €40,686
- Tax, wage and social debts +€11,270
up €11,270 (+33.1%), from €34,007 to €45,276
- Other debts -€10,148
down €10,148 (-5.6%), from €179,920 to €169,772
- Gross operating margin -€20,890
down €20,890, from €3,272 to -€17,618
- Other operating charges +€1,769
up €1,769 (+18.2%), from €9,695 to €11,464
- Financial charges -€1,715
down €1,715 (-28.0%), from €6,125 to €4,410
- Depreciation +€855
up €855 (+24.4%), from €3,509 to €4,365
- Financial income +€415
up €415 (+7.0%), from €5,931 to €6,347
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.
Cash bridge derived
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 | €674,249 | €617,090 | -€57,159 | -8.5% |
| Fixed assets | 21/28 | €666,414 | €605,518 | -€60,896 | -9.1% |
| Intangible fixed assets | 21 | - | €4,937 | +€4,937 | |
| Tangible fixed assets | 22/27 | €5,102 | €0 | -€5,102 | -100.0% |
| Plant, machinery and equipment | 23 | €3,925 | - | -€3,925 | |
| Other tangible fixed assets | 26 | €1,176 | €0 | -€1,176 | -100.0% |
| Financial fixed assets | 28 | €661,312 | €600,581 | -€60,731 | -9.2% |
| Current assets | 29/58 | €7,835 | €11,573 | +€3,737 | +47.7% |
| Cash at bank and in hand | 54/58 | €5,475 | €9,364 | +€3,890 | +71.0% |
| Deferred charges and accrued income | 490/1 | €2,361 | €2,208 | -€152 | -6.5% |
| Total equity and liabilities | 10/49 | €674,249 | €617,090 | -€57,159 | -8.5% |
| Equity | 10/15 | €122,722 | €91,212 | -€31,510 | -25.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €116,422 | €84,912 | -€31,510 | -27.1% |
| Distributable reserves | 133 | €116,422 | €84,912 | -€31,510 | -27.1% |
| Amounts payable | 17/49 | €551,528 | €525,879 | -€25,649 | -4.7% |
| Amounts payable after more than one year | 17 | €67,400 | €40,686 | -€26,714 | -39.6% |
| Financial debts | 170/4 | €67,400 | €40,686 | -€26,714 | -39.6% |
| Amounts payable within one year | 42/48 | €484,128 | €485,193 | +€1,065 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €23,461 | €23,864 | +€403 | +1.7% |
| Financial debts | 43 | €60,000 | €58,194 | -€1,806 | -3.0% |
| Credit institutions | 430/8 | €60,000 | €58,000 | -€2,000 | -3.3% |
| Other loans | 439 | - | €194 | +€194 | |
| Trade debts | 44 | €52,410 | €57,716 | +€5,306 | +10.1% |
| Suppliers | 440/4 | €52,410 | €57,716 | +€5,306 | +10.1% |
| Advances received on contracts in progress | 46 | €134,330 | €130,371 | -€3,959 | -2.9% |
| Taxes, remuneration and social security | 45 | €34,007 | €45,276 | +€11,270 | +33.1% |
| Taxes | 450/3 | €34,007 | €45,276 | +€11,270 | +33.1% |
| Other amounts payable | 47/48 | €179,920 | €169,772 | -€10,148 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,509 | €4,365 | +€855 | +24.4% |
| Other operating charges | 640/8 | €9,695 | €11,464 | +€1,769 | +18.2% |
| Gross operating margin | 9900 | €3,272 | -€17,618 | -€20,890 | |
| Operating profit (loss) | 9901 | -€9,932 | -€33,447 | -€23,515 | -236.7% |
| Financial income | 75/76B | €5,931 | €6,347 | +€415 | +7.0% |
| Recurring financial income | 75 | €5,931 | €6,347 | +€415 | +7.0% |
| Financial charges | 65/66B | €6,125 | €4,410 | -€1,715 | -28.0% |
| Recurring financial charges | 65 | €6,125 | €4,410 | -€1,715 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,126 | -€31,510 | -€21,384 | -211.2% |
| Income taxes | 67/77 | €93 | €0 | -€93 | -100.0% |
| Profit (loss) for the period | 9904 | -€10,219 | -€31,510 | -€21,291 | -208.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,219 | -€31,510 | -€21,291 | -208.4% |
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 10 October 2026 via checked.be.