ZANGRA: 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.
ZANGRA
Largest movements
- Receivables within one year +€37,720
up €37,720 (+24.9%), from €151,550 to €189,269
of which Other amounts receivable: +€27,437
- Cash -€5,234
down €5,234 (-82.3%), from €6,360 to €1,126
mainly Receivables within one year (-€37,720)
- Profit (loss) carried forward +€20,937
up €20,937 (+22.2%), from €94,479 to €115,415
- Tax, wage and social debts +€6,151
up €6,151 (+104%), from €5,917 to €12,067
- Other debts +€5,398
new in 2025: €5,398
- Gross operating margin +€29,044
up €29,044 (+3,568%), from €814 to €29,858
- Purchases and services +€18,773
up €18,773 (+46.3%), from €40,504 to €59,277
- Taxes +€7,726
up €7,726 (+689%), from €1,121 to €8,847
- Turnover -€2,183
down €2,183 (-5.3%), from €41,318 to €39,136
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 | €158,155 | €190,640 | +€32,485 | +20.5% |
| Fixed assets | 21/28 | €245 | €245 | = | 0.0% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €157,910 | €190,395 | +€32,485 | +20.6% |
| Amounts receivable within one year | 40/41 | €151,550 | €189,269 | +€37,720 | +24.9% |
| Trade receivables | 40 | €70,768 | €81,051 | +€10,282 | +14.5% |
| Other amounts receivable | 41 | €80,781 | €108,219 | +€27,437 | +34.0% |
| Cash at bank and in hand | 54/58 | €6,360 | €1,126 | -€5,234 | -82.3% |
| Total equity and liabilities | 10/49 | €158,155 | €190,640 | +€32,485 | +20.5% |
| Equity | 10/15 | €152,238 | €173,174 | +€20,937 | +13.8% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Capital | 10 | €49,579 | €49,579 | = | 0.0% |
| Issued capital | 100 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €8,181 | €8,181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,052 | €7,052 | = | 0.0% |
| Legal reserve | 130 | €7,052 | €7,052 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,129 | €1,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,479 | €115,415 | +€20,937 | +22.2% |
| Amounts payable | 17/49 | €5,917 | €17,465 | +€11,549 | +195% |
| Amounts payable within one year | 42/48 | €5,917 | €17,465 | +€11,549 | +195% |
| Taxes, remuneration and social security | 45 | €5,917 | €12,067 | +€6,151 | +104% |
| Taxes | 450/3 | €5,917 | €12,067 | +€6,151 | +104% |
| Other amounts payable | 47/48 | - | €5,398 | +€5,398 | |
| Turnover | 70 | €41,318 | €39,136 | -€2,183 | -5.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,504 | €59,277 | +€18,773 | +46.3% |
| Gross operating margin | 9900 | €814 | €29,858 | +€29,044 | +3,568% |
| Operating profit (loss) | 9901 | €814 | €29,858 | +€29,044 | +3,568% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €741 | €29,783 | +€29,043 | +3,922% |
| Income taxes | 67/77 | €1,121 | €8,847 | +€7,726 | +689% |
| Profit (loss) for the period | 9904 | -€380 | €20,937 | +€21,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€380 | €20,937 | +€21,317 |
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.