Zapatinge: 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.
Zapatinge
Largest movements
- Stocks and contracts -€40,968
no longer reported in 2025 (was €40,968)
- Tangible fixed assets -€12,912
down €12,912 (-4.7%), from €276,564 to €263,652
of which Leasing and similar rights: -€15,318
- Cash -€8,575
down €8,575 (-46.3%), from €18,540 to €9,965
mainly Other debts (-€36,760) and Debts after one year (-€12,737)
- Other debts -€36,760
down €36,760 (-45.9%), from €80,170 to €43,410
- Debts after one year -€12,737
down €12,737 (-5.5%), from €230,227 to €217,489
of which Financial debts: -€20,237
- Trade debts -€10,883
down €10,883 (-96.4%), from €11,292 to €408
- Tax, wage and social debts -€9,384
down €9,384 (-93.3%), from €10,060 to €677
- Accrued charges and deferred income +€7,545
new in 2025: €7,545
- Gross operating margin -€24,826
down €24,826 (-54.0%), from €45,984 to €21,158
- Staff costs -€13,989
no longer reported in 2025 (was €13,989)
- Depreciation +€555
up €555 (+3.5%), from €15,742 to €16,297
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 | €336,807 | €274,185 | -€62,622 | -18.6% |
| Fixed assets | 21/28 | €276,564 | €263,652 | -€12,912 | -4.7% |
| Tangible fixed assets | 22/27 | €276,564 | €263,652 | -€12,912 | -4.7% |
| Land and buildings | 22 | €848 | - | -€848 | |
| Furniture and vehicles | 24 | - | €3,253 | +€3,253 | |
| Leasing and similar rights | 25 | €275,716 | €260,398 | -€15,318 | -5.6% |
| Current assets | 29/58 | €60,243 | €10,533 | -€49,709 | -82.5% |
| Stocks and contracts in progress | 3 | €40,968 | - | -€40,968 | |
| Stocks | 30/36 | €40,968 | - | -€40,968 | |
| Amounts receivable within one year | 40/41 | €276 | €82 | -€194 | -70.4% |
| Trade receivables | 40 | €232 | €82 | -€150 | -64.7% |
| Other amounts receivable | 41 | €44 | - | -€44 | |
| Cash at bank and in hand | 54/58 | €18,540 | €9,965 | -€8,575 | -46.3% |
| Deferred charges and accrued income | 490/1 | €459 | €487 | +€28 | +6.0% |
| Total equity and liabilities | 10/49 | €336,807 | €274,185 | -€62,622 | -18.6% |
| Equity | 10/15 | -€16,730 | -€18,781 | -€2,052 | -12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,990 | -€33,041 | -€2,052 | -6.6% |
| Amounts payable | 17/49 | €353,536 | €292,966 | -€60,570 | -17.1% |
| Amounts payable after more than one year | 17 | €230,227 | €217,489 | -€12,737 | -5.5% |
| Financial debts | 170/4 | €230,227 | €209,989 | -€20,237 | -8.8% |
| Other amounts payable | 178/9 | - | €7,500 | +€7,500 | |
| Amounts payable within one year | 42/48 | €123,310 | €67,932 | -€55,378 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €21,787 | €23,437 | +€1,650 | +7.6% |
| Trade debts | 44 | €11,292 | €408 | -€10,883 | -96.4% |
| Suppliers | 440/4 | €11,292 | €408 | -€10,883 | -96.4% |
| Taxes, remuneration and social security | 45 | €10,060 | €677 | -€9,384 | -93.3% |
| Taxes | 450/3 | €10,060 | €677 | -€9,384 | -93.3% |
| Other amounts payable | 47/48 | €80,170 | €43,410 | -€36,760 | -45.9% |
| Accrued charges and deferred income | 492/3 | - | €7,545 | +€7,545 | |
| Remuneration, social security and pensions | 62 | €13,989 | - | -€13,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,742 | €16,297 | +€555 | +3.5% |
| Other operating charges | 640/8 | €2,033 | €1,900 | -€133 | -6.5% |
| Non-recurring operating charges | 66A | - | €424 | +€424 | |
| Gross operating margin | 9900 | €45,984 | €21,158 | -€24,826 | -54.0% |
| Operating profit (loss) | 9901 | €14,220 | €2,536 | -€11,683 | -82.2% |
| Financial income | 75/76B | €121 | €87 | -€34 | -27.8% |
| Recurring financial income | 75 | €121 | €87 | -€34 | -27.8% |
| Financial charges | 65/66B | €4,811 | €4,534 | -€277 | -5.8% |
| Recurring financial charges | 65 | €4,811 | €4,534 | -€277 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €9,529 | -€1,911 | -€11,440 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €9,389 | -€2,052 | -€11,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,389 | -€2,052 | -€11,441 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.