ZANFRA: what changed
Two fiscal 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.
ZANFRA
Largest movements
- Cash +€32,917
up €32,917 (+649.0%), from €5,072 to €37,989
mainly Trade debts (+€22,152) and Net result for the year (+€13,119)
- Receivables within one year -€6,446
no longer reported in 2025 (was €6,446)
of which Other amounts receivable: -€5,731
- Trade debts +€22,152
new in 2025: €22,152
- Profit (loss) carried forward +€13,119
up €13,119 (+13.3%), from -€98,877 to -€85,758
- Debts after one year -€5,894
down €5,894 (-5.9%), from €99,613 to €93,719
- Tax, wage and social debts -€2,906
no longer reported in 2025 (was €2,906)
- Gross operating margin +€20,701
up €20,701 (+374.1%), from €5,533 to €26,234
- Staff costs +€12,325
new in 2025: €12,325
- Other operating charges -€3,010
down €3,010 (-80.1%), from €3,755 to €746
- Financial charges -€263
down €263 (-85.4%), from €308 to €45
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 | €22,242 | €48,713 | +€26,471 | +119.0% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €21,992 | €48,463 | +€26,471 | +120.4% |
| Stocks and contracts in progress | 3 | €10,474 | €10,474 | = | 0.0% |
| Stocks | 30/36 | €10,474 | €10,474 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,446 | - | -€6,446 | |
| Trade receivables | 40 | €715 | - | -€715 | |
| Other amounts receivable | 41 | €5,731 | - | -€5,731 | |
| Cash at bank and in hand | 54/58 | €5,072 | €37,989 | +€32,917 | +649.0% |
| Total equity and liabilities | 10/49 | €22,242 | €48,713 | +€26,471 | +119.0% |
| Equity | 10/15 | -€80,277 | -€67,158 | +€13,119 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€98,877 | -€85,758 | +€13,119 | +13.3% |
| Amounts payable | 17/49 | €102,519 | €115,871 | +€13,352 | +13.0% |
| Amounts payable after more than one year | 17 | €99,613 | €93,719 | -€5,894 | -5.9% |
| Other amounts payable | 178/9 | €99,613 | €93,719 | -€5,894 | -5.9% |
| Amounts payable within one year | 42/48 | €2,906 | €22,152 | +€19,246 | +662.4% |
| Trade debts | 44 | - | €22,152 | +€22,152 | |
| Suppliers | 440/4 | - | €22,152 | +€22,152 | |
| Taxes, remuneration and social security | 45 | €2,906 | - | -€2,906 | |
| Taxes | 450/3 | €2,906 | - | -€2,906 | |
| Remuneration, social security and pensions | 62 | - | €12,325 | +€12,325 | |
| Other operating charges | 640/8 | €3,755 | €746 | -€3,010 | -80.1% |
| Gross operating margin | 9900 | €5,533 | €26,234 | +€20,701 | +374.1% |
| Operating profit (loss) | 9901 | €1,778 | €13,164 | +€11,386 | +640.3% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €308 | €45 | -€263 | -85.4% |
| Recurring financial charges | 65 | €308 | €45 | -€263 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €1,487 | €13,119 | +€11,631 | +782.0% |
| Profit (loss) for the period | 9904 | €1,487 | €13,119 | +€11,631 | +782.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,487 | €13,119 | +€11,631 | +782.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.