ZAPHIR CONSULTING: what changed
ZAPHIR CONSULTING
Largest movements
- Cash -€23,282
down €23,282 (-91.8%), from €25,361 to €2,079
mainly Contributions, distributions and other (-€59,000) and Trade debts (-€21,444)
- Receivables within one year +€7,886
up €7,886 (+8.8%), from €90,119 to €98,005
of which Trade receivables: +€10,629
- Tangible fixed assets -€2,920
down €2,920 (-15.9%), from €18,326 to €15,406
of which Plant, machinery and equipment: -€3,750
- Deferred charges and accrued income +€2,277
new in 2025: €2,277
- Trade debts -€21,444
down €21,444 (-61.8%), from €34,688 to €13,244
- Other debts +€10,278
up €10,278 (+115%), from €8,927 to €19,205
- Reserves -€9,469
down €9,469 (-16.0%), from €59,364 to €49,895
of which Distributable reserves: -€9,469
- Tax, wage and social debts +€4,596
up €4,596 (+37.6%), from €12,227 to €16,823
of which Taxes: +€4,573
- Gross operating margin -€2,605
down €2,605 (-3.3%), from €78,803 to €76,198
- Depreciation -€2,454
down €2,454 (-16.4%), from €14,995 to €12,541
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,806 | €117,767 | -€16,039 | -12.0% |
| Fixed assets | 21/28 | €18,326 | €15,406 | -€2,920 | -15.9% |
| Tangible fixed assets | 22/27 | €18,326 | €15,406 | -€2,920 | -15.9% |
| Plant, machinery and equipment | 23 | €9,297 | €5,547 | -€3,750 | -40.3% |
| Furniture and vehicles | 24 | €9,029 | €9,859 | +€830 | +9.2% |
| Current assets | 29/58 | €115,480 | €102,361 | -€13,119 | -11.4% |
| Amounts receivable within one year | 40/41 | €90,119 | €98,005 | +€7,886 | +8.8% |
| Trade receivables | 40 | €86,236 | €96,865 | +€10,629 | +12.3% |
| Other amounts receivable | 41 | €3,883 | €1,140 | -€2,743 | -70.6% |
| Cash at bank and in hand | 54/58 | €25,361 | €2,079 | -€23,282 | -91.8% |
| Deferred charges and accrued income | 490/1 | - | €2,277 | +€2,277 | |
| Total equity and liabilities | 10/49 | €133,806 | €117,767 | -€16,039 | -12.0% |
| Equity | 10/15 | €77,964 | €68,495 | -€9,469 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,364 | €49,895 | -€9,469 | -16.0% |
| Tax-exempt reserves | 132 | €216 | €216 | = | 0.0% |
| Distributable reserves | 133 | €59,148 | €49,679 | -€9,469 | -16.0% |
| Amounts payable | 17/49 | €55,842 | €49,272 | -€6,570 | -11.8% |
| Amounts payable within one year | 42/48 | €55,842 | €49,272 | -€6,570 | -11.8% |
| Trade debts | 44 | €34,688 | €13,244 | -€21,444 | -61.8% |
| Suppliers | 440/4 | €34,688 | €13,244 | -€21,444 | -61.8% |
| Taxes, remuneration and social security | 45 | €12,227 | €16,823 | +€4,596 | +37.6% |
| Taxes | 450/3 | €9,415 | €13,988 | +€4,573 | +48.6% |
| Remuneration and social security | 454/9 | €2,812 | €2,835 | +€23 | +0.8% |
| Other amounts payable | 47/48 | €8,927 | €19,205 | +€10,278 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,995 | €12,541 | -€2,454 | -16.4% |
| Other operating charges | 640/8 | €1,396 | €1,142 | -€254 | -18.2% |
| Gross operating margin | 9900 | €78,803 | €76,198 | -€2,605 | -3.3% |
| Operating profit (loss) | 9901 | €62,412 | €62,515 | +€103 | +0.2% |
| Financial income | 75/76B | €5 | €5 | +€0 | +8.2% |
| Recurring financial income | 75 | €5 | €5 | +€0 | +8.2% |
| Financial charges | 65/66B | €309 | €82 | -€227 | -73.4% |
| Recurring financial charges | 65 | €309 | €82 | -€227 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €62,108 | €62,438 | +€330 | +0.5% |
| Income taxes | 67/77 | €12,953 | €12,907 | -€46 | -0.4% |
| Profit (loss) for the period | 9904 | €49,155 | €49,531 | +€375 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,155 | €49,531 | +€375 | +0.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.