ZAPATA GL: 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.
ZAPATA GL
Largest movements
- Cash -€124,316
down €124,316 (-43.7%), from €284,654 to €160,338
mainly Net result for the year (-€106,934) and Tax, wage and social debts (-€18,505)
- Tangible fixed assets -€10,597
down €10,597 (-46.9%), from €22,585 to €11,988
of which Furniture and vehicles: -€7,451
- Receivables within one year -€3,808
down €3,808 (-56.4%), from €6,754 to €2,946
of which Trade receivables: -€6,205
- Profit (loss) carried forward -€106,934
down €106,934, from €0 to -€106,934
- Tax, wage and social debts -€18,505
down €18,505 (-28.7%), from €64,546 to €46,041
of which Taxes: -€26,505
- Other debts -€8,394
down €8,394 (-21.7%), from €38,633 to €30,239
- Trade debts -€5,068
down €5,068 (-94.8%), from €5,346 to €278
- Gross operating margin -€198,182
down €198,182, from €105,067 to -€93,115
- Taxes -€27,394
down €27,394 (-99.6%), from €27,510 to €116
- Depreciation +€1,203
up €1,203 (+11.3%), from €10,693 to €11,896
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 | €314,633 | €175,730 | -€138,902 | -44.1% |
| Fixed assets | 21/28 | €22,585 | €11,988 | -€10,597 | -46.9% |
| Tangible fixed assets | 22/27 | €22,585 | €11,988 | -€10,597 | -46.9% |
| Plant, machinery and equipment | 23 | €2,108 | €1,649 | -€459 | -21.8% |
| Furniture and vehicles | 24 | €14,841 | €7,390 | -€7,451 | -50.2% |
| Other tangible fixed assets | 26 | €5,635 | €2,948 | -€2,687 | -47.7% |
| Current assets | 29/58 | €292,048 | €163,743 | -€128,305 | -43.9% |
| Amounts receivable within one year | 40/41 | €6,754 | €2,946 | -€3,808 | -56.4% |
| Trade receivables | 40 | €6,205 | €0 | -€6,205 | -100% |
| Other amounts receivable | 41 | €549 | €2,946 | +€2,397 | +436% |
| Cash at bank and in hand | 54/58 | €284,654 | €160,338 | -€124,316 | -43.7% |
| Deferred charges and accrued income | 490/1 | €640 | €458 | -€182 | -28.4% |
| Total equity and liabilities | 10/49 | €314,633 | €175,730 | -€138,902 | -44.1% |
| Equity | 10/15 | €206,107 | €99,173 | -€106,934 | -51.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,707 | €193,707 | = | 0.0% |
| Distributable reserves | 133 | €193,707 | €193,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€106,934 | -€106,934 | |
| Amounts payable | 17/49 | €108,526 | €76,558 | -€31,968 | -29.5% |
| Amounts payable within one year | 42/48 | €108,526 | €76,558 | -€31,968 | -29.5% |
| Trade debts | 44 | €5,346 | €278 | -€5,068 | -94.8% |
| Suppliers | 440/4 | €5,346 | €278 | -€5,068 | -94.8% |
| Taxes, remuneration and social security | 45 | €64,546 | €46,041 | -€18,505 | -28.7% |
| Taxes | 450/3 | €64,546 | €38,041 | -€26,505 | -41.1% |
| Remuneration and social security | 454/9 | €0 | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | €38,633 | €30,239 | -€8,394 | -21.7% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,693 | €11,896 | +€1,203 | +11.3% |
| Other operating charges | 640/8 | €1,760 | €1,645 | -€115 | -6.5% |
| Gross operating margin | 9900 | €105,067 | -€93,115 | -€198,182 | |
| Operating profit (loss) | 9901 | €92,614 | -€106,657 | -€199,271 | |
| Financial income | 75/76B | €717 | €0 | -€717 | -100% |
| Recurring financial income | 75 | €717 | €0 | -€717 | -100% |
| Financial charges | 65/66B | €345 | €161 | -€184 | -53.3% |
| Recurring financial charges | 65 | €345 | €161 | -€184 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €92,986 | -€106,818 | -€199,804 | |
| Income taxes | 67/77 | €27,510 | €116 | -€27,394 | -99.6% |
| Profit (loss) for the period | 9904 | €65,476 | -€106,934 | -€172,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,476 | -€106,934 | -€172,410 |
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.