ZAP PRODUCTION: 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.
ZAP PRODUCTION
Largest movements
- Receivables within one year +€114,215
up €114,215 (+315%), from €36,231 to €150,447
of which Trade receivables: +€108,733
- Cash +€13,932
new in 2025: €13,932
mainly Other debts (+€56,087) and Net result for the year (+€52,130)
- Tangible fixed assets -€12,150
down €12,150 (-6.3%), from €191,789 to €179,639
of which Plant, machinery and equipment: -€7,739
- Other debts +€56,087
up €56,087 (+45.8%), from €122,595 to €178,682
- Profit (loss) carried forward +€52,130
up €52,130 (+67.3%), from -€77,495 to -€25,365
- Trade debts +€15,332
up €15,332 (+278%), from €5,516 to €20,848
- Debts after one year -€7,243
down €7,243 (-34.4%), from €21,074 to €13,831
- Gross operating margin +€85,070
up €85,070, from -€22,369 to €62,701
- Financial income +€2,390
up €2,390 (+107%), from €2,229 to €4,619
- Depreciation -€909
down €909 (-7.0%), from €13,059 to €12,150
- Financial charges -€728
down €728 (-19.3%), from €3,767 to €3,039
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 | €261,442 | €377,440 | +€115,997 | +44.4% |
| Fixed assets | 21/28 | €225,211 | €213,061 | -€12,150 | -5.4% |
| Tangible fixed assets | 22/27 | €191,789 | €179,639 | -€12,150 | -6.3% |
| Land and buildings | 22 | €164,504 | €160,093 | -€4,411 | -2.7% |
| Plant, machinery and equipment | 23 | €27,285 | €19,546 | -€7,739 | -28.4% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €33,422 | €33,422 | = | 0.0% |
| Current assets | 29/58 | €36,231 | €164,379 | +€128,147 | +354% |
| Amounts receivable within one year | 40/41 | €36,231 | €150,447 | +€114,215 | +315% |
| Trade receivables | 40 | €29,780 | €138,513 | +€108,733 | +365% |
| Other amounts receivable | 41 | €6,452 | €11,934 | +€5,482 | +85.0% |
| Cash at bank and in hand | 54/58 | - | €13,932 | +€13,932 | |
| Total equity and liabilities | 10/49 | €261,442 | €377,440 | +€115,997 | +44.4% |
| Equity | 10/15 | €105,174 | €157,139 | +€51,965 | +49.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €82,064 | €82,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,099 | €4,099 | = | 0.0% |
| Distributable reserves | 133 | €67,965 | €67,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,495 | -€25,365 | +€52,130 | +67.3% |
| Investment grants | 15 | €605 | €440 | -€165 | -27.3% |
| Provisions and deferred taxes | 16 | €312 | €227 | -€85 | -27.3% |
| Deferred taxes | 168 | €312 | €227 | -€85 | -27.3% |
| Amounts payable | 17/49 | €155,956 | €220,074 | +€64,118 | +41.1% |
| Amounts payable after more than one year | 17 | €21,074 | €13,831 | -€7,243 | -34.4% |
| Financial debts | 170/4 | €21,074 | €13,831 | -€7,243 | -34.4% |
| Amounts payable within one year | 42/48 | €134,882 | €206,243 | +€71,361 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €6,396 | €6,712 | +€316 | +4.9% |
| Financial debts | 43 | €375 | - | -€375 | |
| Credit institutions | 430/8 | €375 | - | -€375 | |
| Trade debts | 44 | €5,516 | €20,848 | +€15,332 | +278% |
| Suppliers | 440/4 | €5,516 | €20,848 | +€15,332 | +278% |
| Other amounts payable | 47/48 | €122,595 | €178,682 | +€56,087 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,059 | €12,150 | -€909 | -7.0% |
| Other operating charges | 640/8 | €143 | - | -€143 | |
| Gross operating margin | 9900 | -€22,369 | €62,701 | +€85,070 | |
| Operating profit (loss) | 9901 | -€35,571 | €50,551 | +€86,122 | |
| Financial income | 75/76B | €2,229 | €4,619 | +€2,390 | +107% |
| Recurring financial income | 75 | €2,229 | €4,619 | +€2,390 | +107% |
| Financial charges | 65/66B | €3,767 | €3,039 | -€728 | -19.3% |
| Recurring financial charges | 65 | €3,767 | €3,039 | -€728 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,110 | €52,130 | +€89,239 | |
| Profit (loss) for the period | 9904 | -€37,110 | €52,130 | +€89,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,110 | €52,130 | +€89,239 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.