ZAPINVEST: 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.
ZAPINVEST
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Current portion of long-term debt +€12,889
new in 2025: €12,889
- Profit (loss) carried forward -€11,937
down €11,937 (-225%), from -€5,294 to -€17,231
- Debts after one year +€11,888
up €11,888 (+3.4%), from €347,000 to €358,888
- Trade debts -€11,609
down €11,609 (-21.1%), from €55,095 to €43,486
- Depreciation -€20,208
down €20,208 (-37.5%), from €53,909 to €33,701
- Gross operating margin -€19,461
down €19,461 (-34.8%), from €55,867 to €36,405
- Financial charges +€7,387
up €7,387 (+102%), from €7,254 to €14,641
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 | €419,300 | €424,199 | +€4,900 | +1.2% |
| Fixed assets | 21/28 | €405,627 | €405,479 | -€147 | 0.0% |
| Tangible fixed assets | 22/27 | €405,627 | €405,479 | -€147 | 0.0% |
| Land and buildings | 22 | €315,327 | €306,260 | -€9,067 | -2.9% |
| Plant, machinery and equipment | 23 | €80,326 | €89,388 | +€9,063 | +11.3% |
| Furniture and vehicles | 24 | €9,974 | €9,831 | -€143 | -1.4% |
| Current assets | 29/58 | €13,673 | €18,720 | +€5,047 | +36.9% |
| Amounts receivable within one year | 40/41 | - | €2,457 | +€2,457 | |
| Trade receivables | 40 | - | €2,457 | +€2,457 | |
| Cash at bank and in hand | 54/58 | €13,673 | €16,263 | +€2,590 | +18.9% |
| Total equity and liabilities | 10/49 | €419,300 | €424,199 | +€4,900 | +1.2% |
| Equity | 10/15 | -€3,294 | -€15,231 | -€11,937 | -362% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,294 | -€17,231 | -€11,937 | -225% |
| Amounts payable | 17/49 | €422,594 | €439,430 | +€16,836 | +4.0% |
| Amounts payable after more than one year | 17 | €347,000 | €358,888 | +€11,888 | +3.4% |
| Financial debts | 170/4 | €347,000 | €358,888 | +€11,888 | +3.4% |
| Amounts payable within one year | 42/48 | €75,594 | €80,542 | +€4,948 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,889 | +€12,889 | |
| Financial debts | 43 | - | €132 | +€132 | |
| Credit institutions | 430/8 | - | €132 | +€132 | |
| Trade debts | 44 | €55,095 | €43,486 | -€11,609 | -21.1% |
| Suppliers | 440/4 | €55,095 | €43,486 | -€11,609 | -21.1% |
| Taxes, remuneration and social security | 45 | €557 | €4,725 | +€4,168 | +749% |
| Taxes | 450/3 | €557 | €4,725 | +€4,168 | +749% |
| Other amounts payable | 47/48 | €19,942 | €19,310 | -€632 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,909 | €33,701 | -€20,208 | -37.5% |
| Gross operating margin | 9900 | €55,867 | €36,405 | -€19,461 | -34.8% |
| Operating profit (loss) | 9901 | €1,958 | €2,704 | +€746 | +38.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €7,254 | €14,641 | +€7,387 | +102% |
| Recurring financial charges | 65 | €7,254 | €14,641 | +€7,387 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€5,294 | -€11,937 | -€6,643 | -125% |
| Profit (loss) for the period | 9904 | -€5,294 | -€11,937 | -€6,643 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,294 | -€11,937 | -€6,643 | -125% |
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 23 October 2026 via checked.be.