Zanfona: 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.
Zanfona
Largest movements
- Cash +€33,855
up €33,855 (+83.0%), from €40,772 to €74,627
mainly Net result for the year (+€58,248) and Tax, wage and social debts (+€12,840)
- Tangible fixed assets -€1,802
down €1,802 (-17.9%), from €10,073 to €8,271
of which Other tangible fixed assets: -€1,106
- Profit (loss) carried forward +€38,731
up €38,731 (+198.5%), from €19,517 to €58,248
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Tax, wage and social debts +€12,840
new in 2025: €12,840
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin +€48,381
up €48,381 (+175.0%), from €27,650 to €76,032
- Taxes +€9,597
up €9,597 (+184.1%), from €5,213 to €14,810
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 | €58,953 | €90,159 | +€31,206 | +52.9% |
| Fixed assets | 21/28 | €10,073 | €8,271 | -€1,802 | -17.9% |
| Tangible fixed assets | 22/27 | €10,073 | €8,271 | -€1,802 | -17.9% |
| Furniture and vehicles | 24 | €4,394 | €3,699 | -€696 | -15.8% |
| Other tangible fixed assets | 26 | €5,679 | €4,573 | -€1,106 | -19.5% |
| Current assets | 29/58 | €48,880 | €81,888 | +€33,008 | +67.5% |
| Amounts receivable within one year | 40/41 | €1,007 | €190 | -€817 | -81.1% |
| Other amounts receivable | 41 | €1,007 | €190 | -€817 | -81.1% |
| Cash at bank and in hand | 54/58 | €40,772 | €74,627 | +€33,855 | +83.0% |
| Deferred charges and accrued income | 490/1 | €7,101 | €7,071 | -€30 | -0.4% |
| Total equity and liabilities | 10/49 | €58,953 | €90,159 | +€31,206 | +52.9% |
| Equity | 10/15 | €39,977 | €58,248 | +€18,271 | +45.7% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €19,517 | €58,248 | +€38,731 | +198.5% |
| Amounts payable | 17/49 | €18,977 | €31,912 | +€12,935 | +68.2% |
| Amounts payable within one year | 42/48 | €18,977 | €31,912 | +€12,935 | +68.2% |
| Trade debts | 44 | €170 | €158 | -€12 | -6.9% |
| Suppliers | 440/4 | €170 | €158 | -€12 | -6.9% |
| Taxes, remuneration and social security | 45 | - | €12,840 | +€12,840 | |
| Taxes | 450/3 | - | €12,840 | +€12,840 | |
| Other amounts payable | 47/48 | €18,807 | €18,913 | +€107 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,555 | €2,509 | -€46 | -1.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €27,650 | €76,032 | +€48,381 | +175.0% |
| Operating profit (loss) | 9901 | €24,708 | €73,123 | +€48,415 | +196.0% |
| Financial income | 75/76B | €88 | €0 | -€87 | -99.4% |
| Recurring financial income | 75 | €88 | €0 | -€87 | -99.4% |
| Financial charges | 65/66B | €66 | €66 | = | 0.0% |
| Recurring financial charges | 65 | €66 | €66 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €24,729 | €73,057 | +€48,328 | +195.4% |
| Income taxes | 67/77 | €5,213 | €14,810 | +€9,597 | +184.1% |
| Profit (loss) for the period | 9904 | €19,517 | €58,248 | +€38,731 | +198.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,517 | €58,248 | +€38,731 | +198.5% |
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 10 October 2026 via checked.be.