ZAREBO CONSULTING: 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.
ZAREBO CONSULTING
Largest movements
- Tangible fixed assets -€36,454
down €36,454 (-22.5%), from €162,061 to €125,606
of which Land and buildings: -€39,777
- Cash -€27,192
down €27,192 (-17.4%), from €156,532 to €129,340
mainly Debts after one year (-€41,756) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€6,746
up €6,746 (+13.9%), from €48,680 to €55,425
of which Trade receivables: +€25,256
- Debts after one year -€41,756
down €41,756 (-23.9%), from €174,517 to €132,761
- Reserves +€19,000
up €19,000 (+154%), from €12,314 to €31,314
- Profit (loss) carried forward -€18,911
down €18,911 (-23.0%), from €82,212 to €63,302
- Other debts -€8,600
down €8,600 (-28.1%), from €30,600 to €22,000
- Tax, wage and social debts -€4,029
down €4,029 (-16.5%), from €24,461 to €20,432
- Gross operating margin -€43,374
down €43,374 (-27.0%), from €160,925 to €117,551
- Other operating charges +€18,210
up €18,210 (+73.6%), from €24,735 to €42,945
- Taxes -€5,870
down €5,870 (-42.1%), from €13,929 to €8,060
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 | €371,880 | €314,758 | -€57,123 | -15.4% |
| Fixed assets | 21/28 | €162,061 | €125,606 | -€36,454 | -22.5% |
| Tangible fixed assets | 22/27 | €162,061 | €125,606 | -€36,454 | -22.5% |
| Land and buildings | 22 | €158,867 | €119,090 | -€39,777 | -25.0% |
| Plant, machinery and equipment | 23 | €3,193 | €2,083 | -€1,110 | -34.8% |
| Furniture and vehicles | 24 | - | €4,433 | +€4,433 | |
| Current assets | 29/58 | €209,820 | €189,151 | -€20,669 | -9.9% |
| Amounts receivable within one year | 40/41 | €48,680 | €55,425 | +€6,746 | +13.9% |
| Trade receivables | 40 | €13,253 | €38,509 | +€25,256 | +191% |
| Other amounts receivable | 41 | €35,426 | €16,916 | -€18,510 | -52.2% |
| Cash at bank and in hand | 54/58 | €156,532 | €129,340 | -€27,192 | -17.4% |
| Deferred charges and accrued income | 490/1 | €4,608 | €4,386 | -€222 | -4.8% |
| Total equity and liabilities | 10/49 | €371,880 | €314,758 | -€57,123 | -15.4% |
| Equity | 10/15 | €97,465 | €97,555 | +€89 | +0.1% |
| Contributions | 10/11 | €1,232 | €1,232 | = | 0.0% |
| Reserves | 13 | €12,314 | €31,314 | +€19,000 | +154% |
| Distributable reserves | 133 | €12,314 | €31,314 | +€19,000 | +154% |
| Profit (loss) carried forward | 14 | €82,212 | €63,302 | -€18,911 | -23.0% |
| Investment grants | 15 | €1,708 | €1,708 | = | 0.0% |
| Amounts payable | 17/49 | €274,415 | €217,203 | -€57,212 | -20.8% |
| Amounts payable after more than one year | 17 | €174,517 | €132,761 | -€41,756 | -23.9% |
| Financial debts | 170/4 | €174,517 | €132,761 | -€41,756 | -23.9% |
| Amounts payable within one year | 42/48 | €99,898 | €84,442 | -€15,456 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €41,134 | €41,756 | +€622 | +1.5% |
| Trade debts | 44 | €3,703 | €254 | -€3,449 | -93.1% |
| Suppliers | 440/4 | €3,703 | €254 | -€3,449 | -93.1% |
| Taxes, remuneration and social security | 45 | €24,461 | €20,432 | -€4,029 | -16.5% |
| Taxes | 450/3 | €24,461 | €20,432 | -€4,029 | -16.5% |
| Other amounts payable | 47/48 | €30,600 | €22,000 | -€8,600 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,229 | €43,267 | -€962 | -2.2% |
| Other operating charges | 640/8 | €24,735 | €42,945 | +€18,210 | +73.6% |
| Gross operating margin | 9900 | €160,925 | €117,551 | -€43,374 | -27.0% |
| Operating profit (loss) | 9901 | €91,961 | €31,339 | -€60,622 | -65.9% |
| Financial income | 75/76B | €946 | €680 | -€265 | -28.1% |
| Recurring financial income | 75 | €946 | €680 | -€265 | -28.1% |
| Financial charges | 65/66B | €4,531 | €3,870 | -€661 | -14.6% |
| Recurring financial charges | 65 | €4,531 | €3,870 | -€661 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €88,376 | €28,149 | -€60,227 | -68.1% |
| Income taxes | 67/77 | €13,929 | €8,060 | -€5,870 | -42.1% |
| Profit (loss) for the period | 9904 | €74,447 | €20,089 | -€54,358 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,447 | €20,089 | -€54,358 | -73.0% |
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 28 October 2026 via checked.be.