ZAPPAVIGNA Frédéric Installations électriques: 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.
ZAPPAVIGNA Frédéric Installations électriques
Largest movements
- Tangible fixed assets -€11,838
down €11,838 (-3.6%), from €327,277 to €315,439
of which Land and buildings: -€9,222
- Cash +€8,801
up €8,801 (+23.1%), from €38,125 to €46,926
mainly Net result for the year (+€14,857) and Depreciation (+€13,886)
- Debts after one year -€21,562
down €21,562 (-7.3%), from €295,914 to €274,352
of which Financial debts: -€18,312
- Profit (loss) carried forward +€14,857
up €14,857 (+28.2%), from €52,719 to €67,576
- Staff costs +€2,435
up €2,435 (+118%), from €2,059 to €4,494
- Other operating charges +€1,415
up €1,415 (+145%), from €977 to €2,392
- Gross operating margin +€1,224
up €1,224 (+2.6%), from €46,783 to €48,007
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 | €379,917 | €374,836 | -€5,081 | -1.3% |
| Fixed assets | 21/28 | €327,277 | €315,439 | -€11,838 | -3.6% |
| Tangible fixed assets | 22/27 | €327,277 | €315,439 | -€11,838 | -3.6% |
| Land and buildings | 22 | €304,769 | €295,547 | -€9,222 | -3.0% |
| Plant, machinery and equipment | 23 | €21,008 | €19,420 | -€1,588 | -7.6% |
| Furniture and vehicles | 24 | €1,500 | €472 | -€1,028 | -68.5% |
| Current assets | 29/58 | €52,640 | €59,397 | +€6,757 | +12.8% |
| Amounts receivable within one year | 40/41 | €14,515 | €11,471 | -€3,044 | -21.0% |
| Trade receivables | 40 | €5,445 | €0 | -€5,445 | -100% |
| Other amounts receivable | 41 | €9,070 | €11,471 | +€2,401 | +26.5% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €38,125 | €46,926 | +€8,801 | +23.1% |
| Total equity and liabilities | 10/49 | €379,917 | €374,836 | -€5,081 | -1.3% |
| Equity | 10/15 | €60,779 | €75,636 | +€14,857 | +24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,719 | €67,576 | +€14,857 | +28.2% |
| Amounts payable | 17/49 | €319,138 | €299,200 | -€19,938 | -6.2% |
| Amounts payable after more than one year | 17 | €295,914 | €274,352 | -€21,562 | -7.3% |
| Financial debts | 170/4 | €227,991 | €209,679 | -€18,312 | -8.0% |
| Other amounts payable | 178/9 | €67,923 | €64,673 | -€3,250 | -4.8% |
| Amounts payable within one year | 42/48 | €22,474 | €24,848 | +€2,374 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €17,892 | €18,312 | +€420 | +2.3% |
| Trade debts | 44 | €3,914 | €4,116 | +€202 | +5.2% |
| Suppliers | 440/4 | €3,914 | €4,116 | +€202 | +5.2% |
| Taxes, remuneration and social security | 45 | - | €289 | +€289 | |
| Taxes | 450/3 | - | €289 | +€289 | |
| Other amounts payable | 47/48 | €668 | €2,131 | +€1,463 | +219% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €2,059 | €4,494 | +€2,435 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,938 | €13,886 | -€52 | -0.4% |
| Other operating charges | 640/8 | €977 | €2,392 | +€1,415 | +145% |
| Gross operating margin | 9900 | €46,783 | €48,007 | +€1,224 | +2.6% |
| Operating profit (loss) | 9901 | €29,809 | €27,235 | -€2,574 | -8.6% |
| Financial income | 75/76B | €128 | €166 | +€38 | +29.7% |
| Recurring financial income | 75 | €128 | €166 | +€38 | +29.7% |
| Financial charges | 65/66B | €6,676 | €6,234 | -€442 | -6.6% |
| Recurring financial charges | 65 | €6,676 | €6,234 | -€442 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €23,261 | €21,167 | -€2,094 | -9.0% |
| Income taxes | 67/77 | €6,392 | €6,310 | -€82 | -1.3% |
| Profit (loss) for the period | 9904 | €16,869 | €14,857 | -€2,012 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,869 | €14,857 | -€2,012 | -11.9% |
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 16 October 2026 via checked.be.