ZAPPAS: 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.
ZAPPAS
Largest movements
- Cash +€10,195
up €10,195 (+112.0%), from €9,099 to €19,294
mainly Net result for the year (+€7,962) and Receivables within one year (+€6,207)
- Deferred charges and accrued income +€6,302
up €6,302 (+2430.6%), from €259 to €6,562
- Receivables within one year -€6,207
down €6,207 (-31.4%), from €19,776 to €13,569
- Tangible fixed assets +€1,019
up €1,019 (+71.5%), from €1,426 to €2,445
- Reserves +€7,500
up €7,500 (+163.6%), from €4,585 to €12,085
of which Distributable reserves: +€7,500
- Tax, wage and social debts +€1,524
up €1,524 (+24.8%), from €6,154 to €7,678
- Accrued charges and deferred income +€1,058
new in 2025: €1,058
- Trade debts +€741
up €741 (+181.7%), from €408 to €1,149
- Profit (loss) carried forward +€462
up €462, from -€386 to €76
- Gross operating margin +€13,595
up €13,595, from -€51 to €13,543
- Taxes +€3,214
up €3,214, from -€112 to €3,103
- Other operating charges -€627
down €627 (-36.3%), from €1,729 to €1,102
- Financial charges +€283
up €283 (+561.7%), from €50 to €333
- Depreciation +€275
up €275 (+35.7%), from €769 to €1,044
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 | €30,640 | €41,950 | +€11,309 | +36.9% |
| Fixed assets | 21/28 | €1,506 | €2,525 | +€1,019 | +67.7% |
| Tangible fixed assets | 22/27 | €1,426 | €2,445 | +€1,019 | +71.5% |
| Furniture and vehicles | 24 | €1,426 | €2,445 | +€1,019 | +71.5% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €29,134 | €39,425 | +€10,290 | +35.3% |
| Amounts receivable within one year | 40/41 | €19,776 | €13,569 | -€6,207 | -31.4% |
| Trade receivables | 40 | €19,776 | €13,569 | -€6,207 | -31.4% |
| Cash at bank and in hand | 54/58 | €9,099 | €19,294 | +€10,195 | +112.0% |
| Deferred charges and accrued income | 490/1 | €259 | €6,562 | +€6,302 | +2430.6% |
| Total equity and liabilities | 10/49 | €30,640 | €41,950 | +€11,309 | +36.9% |
| Equity | 10/15 | €22,799 | €30,761 | +€7,962 | +34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,585 | €12,085 | +€7,500 | +163.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,725 | €10,225 | +€7,500 | +275.2% |
| Profit (loss) carried forward | 14 | -€386 | €76 | +€462 | |
| Amounts payable | 17/49 | €7,842 | €11,189 | +€3,347 | +42.7% |
| Amounts payable within one year | 42/48 | €7,842 | €10,131 | +€2,289 | +29.2% |
| Trade debts | 44 | €408 | €1,149 | +€741 | +181.7% |
| Suppliers | 440/4 | €408 | €1,149 | +€741 | +181.7% |
| Taxes, remuneration and social security | 45 | €6,154 | €7,678 | +€1,524 | +24.8% |
| Taxes | 450/3 | €6,154 | €7,678 | +€1,524 | +24.8% |
| Other amounts payable | 47/48 | €1,280 | €1,305 | +€24 | +1.9% |
| Accrued charges and deferred income | 492/3 | - | €1,058 | +€1,058 | |
| Non-recurring operating income | 76A | - | €4,900 | +€4,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €1,044 | +€275 | +35.7% |
| Other operating charges | 640/8 | €1,729 | €1,102 | -€627 | -36.3% |
| Gross operating margin | 9900 | -€51 | €13,543 | +€13,595 | |
| Operating profit (loss) | 9901 | -€2,550 | €11,397 | +€13,947 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +66.7% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +66.7% |
| Financial charges | 65/66B | €50 | €333 | +€283 | +561.7% |
| Recurring financial charges | 65 | €50 | €333 | +€283 | +561.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,600 | €11,065 | +€13,665 | |
| Income taxes | 67/77 | -€112 | €3,103 | +€3,214 | |
| Profit (loss) for the period | 9904 | -€2,489 | €7,962 | +€10,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,489 | €7,962 | +€10,451 |
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.