ZAPHIRDENT: 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.
ZAPHIRDENT
Largest movements
- Cash +€44,440
up €44,440 (+71.4%), from €62,244 to €106,684
mainly Accrued charges and deferred income (+€40,595) and Depreciation (+€28,120)
- Tangible fixed assets +€30,773
up €30,773 (+79.6%), from €38,677 to €69,450
of which Furniture and vehicles: +€27,670
- Stocks and contracts -€6,834
down €6,834 (-85.3%), from €8,014 to €1,180
- Receivables within one year -€3,804
down €3,804 (-51.6%), from €7,367 to €3,563
of which Other amounts receivable: -€3,894
- Deferred charges and accrued income -€2,121
down €2,121 (-25.4%), from €8,354 to €6,234
- Accrued charges and deferred income +€40,595
up €40,595 (+176.3%), from €23,023 to €63,618
- Debts after one year +€25,093
up €25,093 (+402.8%), from €6,230 to €31,323
- Trade debts -€12,842
no longer reported in 2025 (was €12,842)
- Profit (loss) carried forward -€9,284
down €9,284 (-31.4%), from €29,523 to €20,240
- Other debts +€8,374
up €8,374 (+34.8%), from €24,073 to €32,447
- Gross operating margin +€10,414
up €10,414 (+7.6%), from €137,888 to €148,302
- Staff costs +€7,181
up €7,181 (+8.3%), from €86,612 to €93,793
- Taxes +€3,559
up €3,559 (+119.9%), from €2,968 to €6,526
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 | €124,731 | €187,185 | +€62,454 | +50.1% |
| Fixed assets | 21/28 | €38,752 | €69,525 | +€30,773 | +79.4% |
| Tangible fixed assets | 22/27 | €38,677 | €69,450 | +€30,773 | +79.6% |
| Plant, machinery and equipment | 23 | €6,698 | €6,210 | -€488 | -7.3% |
| Furniture and vehicles | 24 | €30,581 | €58,252 | +€27,670 | +90.5% |
| Other tangible fixed assets | 26 | €1,398 | €4,988 | +€3,590 | +256.9% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €85,980 | €117,660 | +€31,681 | +36.8% |
| Stocks and contracts in progress | 3 | €8,014 | €1,180 | -€6,834 | -85.3% |
| Stocks | 30/36 | €8,014 | €1,180 | -€6,834 | -85.3% |
| Amounts receivable within one year | 40/41 | €7,367 | €3,563 | -€3,804 | -51.6% |
| Trade receivables | 40 | - | €89 | +€89 | |
| Other amounts receivable | 41 | €7,367 | €3,474 | -€3,894 | -52.8% |
| Cash at bank and in hand | 54/58 | €62,244 | €106,684 | +€44,440 | +71.4% |
| Deferred charges and accrued income | 490/1 | €8,354 | €6,234 | -€2,121 | -25.4% |
| Total equity and liabilities | 10/49 | €124,731 | €187,185 | +€62,454 | +50.1% |
| Equity | 10/15 | €35,723 | €26,440 | -€9,284 | -26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,523 | €20,240 | -€9,284 | -31.4% |
| Amounts payable | 17/49 | €89,008 | €160,745 | +€71,738 | +80.6% |
| Amounts payable after more than one year | 17 | €6,230 | €31,323 | +€25,093 | +402.8% |
| Financial debts | 170/4 | €6,230 | €31,323 | +€25,093 | +402.8% |
| Amounts payable within one year | 42/48 | €59,755 | €65,805 | +€6,050 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €13,036 | €15,719 | +€2,683 | +20.6% |
| Trade debts | 44 | €12,842 | - | -€12,842 | |
| Suppliers | 440/4 | €12,842 | - | -€12,842 | |
| Taxes, remuneration and social security | 45 | €9,805 | €17,639 | +€7,834 | +79.9% |
| Taxes | 450/3 | €3,000 | €7,500 | +€4,500 | +150.0% |
| Remuneration and social security | 454/9 | €6,805 | €10,139 | +€3,334 | +49.0% |
| Other amounts payable | 47/48 | €24,073 | €32,447 | +€8,374 | +34.8% |
| Accrued charges and deferred income | 492/3 | €23,023 | €63,618 | +€40,595 | +176.3% |
| Remuneration, social security and pensions | 62 | €86,612 | €93,793 | +€7,181 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,353 | €28,120 | +€767 | +2.8% |
| Other operating charges | 640/8 | €1,303 | €1,407 | +€103 | +7.9% |
| Gross operating margin | 9900 | €137,888 | €148,302 | +€10,414 | +7.6% |
| Operating profit (loss) | 9901 | €22,620 | €24,983 | +€2,363 | +10.4% |
| Financial income | 75/76B | €1 | €8 | +€7 | +546.5% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +546.5% |
| Financial charges | 65/66B | €1,339 | €2,749 | +€1,410 | +105.3% |
| Recurring financial charges | 65 | €1,339 | €2,749 | +€1,410 | +105.3% |
| Profit (loss) for the period before taxes | 9903 | €21,282 | €22,243 | +€961 | +4.5% |
| Income taxes | 67/77 | €2,968 | €6,526 | +€3,559 | +119.9% |
| Profit (loss) for the period | 9904 | €18,314 | €15,716 | -€2,598 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,314 | €15,716 | -€2,598 | -14.2% |
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 12 October 2026 via checked.be.