Zarkawa: what changed
Two fiscal 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.
Zarkawa
Largest movements
- Cash +€198,775
up €198,775 (+67.2%), from €295,858 to €494,633
mainly Net result for the year (+€188,397) and Short-term financial debts (+€61,909)
- Receivables within one year +€32,657
up €32,657 (+941.5%), from €3,469 to €36,126
of which Other amounts receivable: +€34,460
- Stocks and contracts -€25,120
down €25,120 (-34.0%), from €73,829 to €48,709
- Tangible fixed assets -€8,611
no longer reported in 2024 (was €8,611)
- Profit (loss) carried forward +€188,397
up €188,397 (+289.5%), from €65,073 to €253,471
- Short-term financial debts +€61,909
new in 2024: €61,909
- Trade debts -€38,278
down €38,278 (-89.9%), from €42,589 to €4,310
- Debts after one year -€21,048
no longer reported in 2024 (was €21,048)
- Other debts +€8,010
up €8,010 (+9.9%), from €81,054 to €89,065
- Gross operating margin +€76,468
up €76,468 (+28.1%), from €272,338 to €348,806
- Provisions -€39,018
down €39,018 (-80.4%), from €48,508 to €9,490
- Taxes +€33,758
up €33,758 (+103.7%), from €32,551 to €66,308
- Depreciation -€7,797
down €7,797 (-47.5%), from €16,408 to €8,611
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,152 | €585,854 | +€197,701 | +50.9% |
| Fixed assets | 21/28 | €14,996 | €6,385 | -€8,611 | -57.4% |
| Tangible fixed assets | 22/27 | €8,611 | - | -€8,611 | |
| Plant, machinery and equipment | 23 | €8,611 | - | -€8,611 | |
| Financial fixed assets | 28 | €6,385 | €6,385 | = | 0.0% |
| Current assets | 29/58 | €373,156 | €579,469 | +€206,312 | +55.3% |
| Stocks and contracts in progress | 3 | €73,829 | €48,709 | -€25,120 | -34.0% |
| Stocks | 30/36 | €73,829 | €48,709 | -€25,120 | -34.0% |
| Amounts receivable within one year | 40/41 | €3,469 | €36,126 | +€32,657 | +941.5% |
| Trade receivables | 40 | €2,869 | €1,067 | -€1,803 | -62.8% |
| Other amounts receivable | 41 | €599 | €35,059 | +€34,460 | +5748.3% |
| Cash at bank and in hand | 54/58 | €295,858 | €494,633 | +€198,775 | +67.2% |
| Total equity and liabilities | 10/49 | €388,152 | €585,854 | +€197,701 | +50.9% |
| Equity | 10/15 | €165,073 | €353,471 | +€188,397 | +114.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,073 | €253,471 | +€188,397 | +289.5% |
| Amounts payable | 17/49 | €223,079 | €232,383 | +€9,304 | +4.2% |
| Amounts payable after more than one year | 17 | €21,048 | - | -€21,048 | |
| Financial debts | 170/4 | €21,048 | - | -€21,048 | |
| Amounts payable within one year | 42/48 | €202,031 | €232,383 | +€30,352 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €22,226 | €21,407 | -€819 | -3.7% |
| Financial debts | 43 | - | €61,909 | +€61,909 | |
| Credit institutions | 430/8 | - | €61,909 | +€61,909 | |
| Trade debts | 44 | €42,589 | €4,310 | -€38,278 | -89.9% |
| Suppliers | 440/4 | €42,589 | €4,310 | -€38,278 | -89.9% |
| Taxes, remuneration and social security | 45 | €56,162 | €55,692 | -€470 | -0.8% |
| Taxes | 450/3 | €36,624 | €43,947 | +€7,323 | +20.0% |
| Remuneration and social security | 454/9 | €19,539 | €11,745 | -€7,794 | -39.9% |
| Other amounts payable | 47/48 | €81,054 | €89,065 | +€8,010 | +9.9% |
| Remuneration, social security and pensions | 62 | €67,303 | €65,824 | -€1,479 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,408 | €8,611 | -€7,797 | -47.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €48,508 | €9,490 | -€39,018 | -80.4% |
| Other operating charges | 640/8 | €1,516 | €2,341 | +€825 | +54.5% |
| Gross operating margin | 9900 | €272,338 | €348,806 | +€76,468 | +28.1% |
| Operating profit (loss) | 9901 | €138,602 | €262,540 | +€123,937 | +89.4% |
| Financial charges | 65/66B | €8,470 | €7,834 | -€636 | -7.5% |
| Recurring financial charges | 65 | €8,470 | €7,834 | -€636 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €130,132 | €254,706 | +€124,574 | +95.7% |
| Income taxes | 67/77 | €32,551 | €66,308 | +€33,758 | +103.7% |
| Profit (loss) for the period | 9904 | €97,582 | €188,397 | +€90,816 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,582 | €188,397 | +€90,816 | +93.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.