ZALIOS: 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.
ZALIOS
Largest movements
- Current investments -€115,000
no longer reported in 2025 (was €115,000)
- Receivables within one year -€72,000
down €72,000 (-77.9%), from €92,400 to €20,400
- Cash -€19,103
down €19,103 (-17.3%), from €110,639 to €91,536
mainly Contributions, distributions and other (-€391,721) and Tax, wage and social debts (-€23,556)
- Profit (loss) carried forward -€281,368
no longer reported in 2025 (was €281,368)
- Other debts +€101,617
up €101,617 (+1,857%), from €5,473 to €107,090
- Tax, wage and social debts -€23,556
down €23,556 (-89.0%), from €26,454 to €2,898
- Gross operating margin -€65,865
down €65,865 (-32.4%), from €203,163 to €137,298
- Financial income -€33,903
down €33,903 (-86.7%), from €39,118 to €5,215
- Taxes -€14,992
down €14,992 (-32.3%), from €46,454 to €31,462
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 | €320,457 | €116,973 | -€203,484 | -63.5% |
| Fixed assets | 21/28 | €2,418 | €5,037 | +€2,619 | +108% |
| Tangible fixed assets | 22/27 | - | €2,619 | +€2,619 | |
| Land and buildings | 22 | - | €2,619 | +€2,619 | |
| Financial fixed assets | 28 | €2,418 | €2,418 | = | 0.0% |
| Current assets | 29/58 | €318,039 | €111,936 | -€206,103 | -64.8% |
| Amounts receivable within one year | 40/41 | €92,400 | €20,400 | -€72,000 | -77.9% |
| Trade receivables | 40 | €92,400 | €20,400 | -€72,000 | -77.9% |
| Current investments | 50/53 | €115,000 | - | -€115,000 | |
| Cash at bank and in hand | 54/58 | €110,639 | €91,536 | -€19,103 | -17.3% |
| Total equity and liabilities | 10/49 | €320,457 | €116,973 | -€203,484 | -63.5% |
| Equity | 10/15 | €284,368 | €3,000 | -€281,368 | -98.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,368 | - | -€281,368 | |
| Amounts payable | 17/49 | €36,089 | €113,973 | +€77,884 | +216% |
| Amounts payable within one year | 42/48 | €36,089 | €113,973 | +€77,884 | +216% |
| Trade debts | 44 | €4,162 | €3,986 | -€176 | -4.2% |
| Suppliers | 440/4 | €4,162 | €3,986 | -€176 | -4.2% |
| Taxes, remuneration and social security | 45 | €26,454 | €2,898 | -€23,556 | -89.0% |
| Taxes | 450/3 | €26,454 | €2,898 | -€23,556 | -89.0% |
| Other amounts payable | 47/48 | €5,473 | €107,090 | +€101,617 | +1,857% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €48 | +€48 | |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €203,163 | €137,298 | -€65,865 | -32.4% |
| Operating profit (loss) | 9901 | €202,676 | €136,750 | -€65,926 | -32.5% |
| Financial income | 75/76B | €39,118 | €5,215 | -€33,903 | -86.7% |
| Recurring financial income | 75 | €39,118 | €5,215 | -€33,903 | -86.7% |
| Financial charges | 65/66B | €143 | €150 | +€7 | +5.0% |
| Recurring financial charges | 65 | €143 | €150 | +€7 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €241,651 | €141,815 | -€99,836 | -41.3% |
| Income taxes | 67/77 | €46,454 | €31,462 | -€14,992 | -32.3% |
| Profit (loss) for the period | 9904 | €195,197 | €110,353 | -€84,844 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €195,197 | €110,353 | -€84,844 | -43.5% |
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 24 October 2026 via checked.be.