ZARO 2010: 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.
ZARO 2010
Largest movements
- Receivables within one year +€14,309
up €14,309 (+54.7%), from €26,143 to €40,452
of which Trade receivables: +€25,693
- Cash -€3,743
down €3,743 (-9.1%), from €41,125 to €37,383
mainly Receivables within one year (-€14,309) and Net result for the year (-€1,552)
- Deferred charges and accrued income -€1,378
down €1,378 (-92.3%), from €1,493 to €114
- Tax, wage and social debts +€10,650
up €10,650 (+201%), from €5,287 to €15,937
of which Remuneration and social security: +€7,119
- Profit (loss) carried forward -€1,552
down €1,552 (-4.3%), from €36,421 to €34,869
- Gross operating margin -€3,151
down €3,151 (-44.3%), from €7,112 to €3,961
- Taxes +€2,515
up €2,515 (+162%), from €1,556 to €4,072
- Other operating charges -€2,204
down €2,204 (-74.4%), from €2,963 to €760
- Depreciation -€2,000
no longer reported in 2025 (was €2,000)
- Financial income -€675
no longer reported in 2025 (was €675)
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 | €71,423 | €80,838 | +€9,415 | +13.2% |
| Fixed assets | 21/28 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €69,423 | €78,838 | +€9,415 | +13.6% |
| Stocks and contracts in progress | 3 | €662 | €889 | +€227 | +34.2% |
| Stocks | 30/36 | €662 | €889 | +€227 | +34.2% |
| Amounts receivable within one year | 40/41 | €26,143 | €40,452 | +€14,309 | +54.7% |
| Trade receivables | 40 | €14,520 | €40,213 | +€25,693 | +177% |
| Other amounts receivable | 41 | €11,623 | €240 | -€11,383 | -97.9% |
| Cash at bank and in hand | 54/58 | €41,125 | €37,383 | -€3,743 | -9.1% |
| Deferred charges and accrued income | 490/1 | €1,493 | €114 | -€1,378 | -92.3% |
| Total equity and liabilities | 10/49 | €71,423 | €80,838 | +€9,415 | +13.2% |
| Equity | 10/15 | €65,381 | €63,829 | -€1,552 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,360 | €10,360 | = | 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% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,421 | €34,869 | -€1,552 | -4.3% |
| Amounts payable | 17/49 | €6,042 | €17,009 | +€10,967 | +182% |
| Amounts payable within one year | 42/48 | €6,042 | €17,009 | +€10,967 | +182% |
| Trade debts | 44 | €755 | €1,072 | +€317 | +42.0% |
| Suppliers | 440/4 | €755 | €1,072 | +€317 | +42.0% |
| Taxes, remuneration and social security | 45 | €5,287 | €15,937 | +€10,650 | +201% |
| Taxes | 450/3 | €3,887 | €7,418 | +€3,531 | +90.8% |
| Remuneration and social security | 454/9 | €1,400 | €8,519 | +€7,119 | +509% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €2,963 | €760 | -€2,204 | -74.4% |
| Gross operating margin | 9900 | €7,112 | €3,961 | -€3,151 | -44.3% |
| Operating profit (loss) | 9901 | €2,149 | €3,202 | +€1,053 | +49.0% |
| Financial income | 75/76B | €675 | - | -€675 | |
| Recurring financial income | 75 | €675 | - | -€675 | |
| Financial charges | 65/66B | €344 | €682 | +€338 | +98.3% |
| Recurring financial charges | 65 | €344 | €682 | +€338 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €2,480 | €2,520 | +€39 | +1.6% |
| Income taxes | 67/77 | €1,556 | €4,072 | +€2,515 | +162% |
| Profit (loss) for the period | 9904 | €924 | -€1,552 | -€2,476 | |
| Profit (loss) for the period to be appropriated | 9905 | €924 | -€1,552 | -€2,476 |
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 27 October 2026 via checked.be.