ZANIBOO: 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.
ZANIBOO
Largest movements
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Receivables within one year +€139,821
up €139,821 (+12.4%), from €1.1m to €1.3m
of which Trade receivables: +€190,805
- Cash +€41,538
up €41,538 (+17.6%), from €236,098 to €277,636
mainly Depreciation (+€408,870) and Other debts (+€223,658)
- Reserves -€224,820
down €224,820 (-13.8%), from €1.6m to €1.4m
of which Distributable reserves: -€224,820
- Other debts +€223,658
up €223,658 (+46.7%), from €478,524 to €702,182
- Current portion of long-term debt -€70,144
down €70,144 (-20.2%), from €346,861 to €276,717
- Tax, wage and social debts +€49,765
up €49,765 (+173%), from €28,753 to €78,518
of which Remuneration and social security: +€47,309
- Short-term financial debts +€35,934
new in 2025: €35,934
- Gross operating margin -€73,426
down €73,426 (-4.8%), from €1.5m to €1.4m
- Depreciation +€57,718
up €57,718 (+16.4%), from €351,152 to €408,870
- Taxes -€32,094
down €32,094 (-25.0%), from €128,138 to €96,044
- Staff costs +€29,256
up €29,256 (+4.2%), from €696,523 to €725,780
- Other operating charges -€21,778
down €21,778 (-47.6%), from €45,797 to €24,019
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 | €3,435,392 | €3,437,111 | +€1,719 | +0.1% |
| Fixed assets | 21/28 | €1,920,599 | €1,890,959 | -€29,640 | -1.5% |
| Tangible fixed assets | 22/27 | €1,920,599 | €1,890,959 | -€29,640 | -1.5% |
| Land and buildings | 22 | €855,182 | €804,075 | -€51,107 | -6.0% |
| Plant, machinery and equipment | 23 | €289,074 | €387,293 | +€98,219 | +34.0% |
| Furniture and vehicles | 24 | €556,137 | €462,849 | -€93,289 | -16.8% |
| Other tangible fixed assets | 26 | €220,206 | €236,742 | +€16,536 | +7.5% |
| Current assets | 29/58 | €1,514,792 | €1,546,152 | +€31,360 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,128,695 | €1,268,516 | +€139,821 | +12.4% |
| Trade receivables | 40 | €616,758 | €807,563 | +€190,805 | +30.9% |
| Other amounts receivable | 41 | €511,937 | €460,953 | -€50,984 | -10.0% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €236,098 | €277,636 | +€41,538 | +17.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,435,392 | €3,437,111 | +€1,719 | +0.1% |
| Equity | 10/15 | €1,638,979 | €1,414,159 | -€224,820 | -13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,632,779 | €1,407,959 | -€224,820 | -13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,630,919 | €1,406,099 | -€224,820 | -13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,796,413 | €2,022,952 | +€226,539 | +12.6% |
| Amounts payable after more than one year | 17 | €874,988 | €874,788 | -€201 | 0.0% |
| Financial debts | 170/4 | €874,988 | €874,788 | -€201 | 0.0% |
| Amounts payable within one year | 42/48 | €921,425 | €1,148,164 | +€226,740 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €346,861 | €276,717 | -€70,144 | -20.2% |
| Financial debts | 43 | - | €35,934 | +€35,934 | |
| Credit institutions | 430/8 | - | €35,934 | +€35,934 | |
| Trade debts | 44 | €67,287 | €54,814 | -€12,473 | -18.5% |
| Suppliers | 440/4 | €67,287 | €54,814 | -€12,473 | -18.5% |
| Taxes, remuneration and social security | 45 | €28,753 | €78,518 | +€49,765 | +173% |
| Taxes | 450/3 | €6,940 | €9,397 | +€2,456 | +35.4% |
| Remuneration and social security | 454/9 | €21,813 | €69,122 | +€47,309 | +217% |
| Other amounts payable | 47/48 | €478,524 | €702,182 | +€223,658 | +46.7% |
| Remuneration, social security and pensions | 62 | €696,523 | €725,780 | +€29,256 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351,152 | €408,870 | +€57,718 | +16.4% |
| Other operating charges | 640/8 | €45,797 | €24,019 | -€21,778 | -47.6% |
| Gross operating margin | 9900 | €1,517,853 | €1,444,427 | -€73,426 | -4.8% |
| Operating profit (loss) | 9901 | €424,381 | €285,758 | -€138,623 | -32.7% |
| Financial income | 75/76B | €27,269 | €47,474 | +€20,205 | +74.1% |
| Recurring financial income | 75 | €27,269 | €11,524 | -€15,745 | -57.7% |
| Non-recurring financial income | 76B | - | €35,950 | +€35,950 | |
| Financial charges | 65/66B | €57,545 | €49,348 | -€8,197 | -14.2% |
| Recurring financial charges | 65 | €57,545 | €49,348 | -€8,197 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €394,105 | €283,884 | -€110,221 | -28.0% |
| Income taxes | 67/77 | €128,138 | €96,044 | -€32,094 | -25.0% |
| Profit (loss) for the period | 9904 | €265,967 | €187,841 | -€78,126 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €265,967 | €187,841 | -€78,126 | -29.4% |
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 15 October 2026 via checked.be.