ZAROS: 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.
ZAROS
Largest movements
- Tangible fixed assets -€7,910
down €7,910 (-17.0%), from €46,551 to €38,641
of which Land and buildings: -€7,437
- Cash +€2,640
up €2,640 (+310.5%), from €850 to €3,490
mainly Other debts (+€8,631) and Depreciation (+€7,910)
- Receivables within one year -€1,777
down €1,777 (-24.0%), from €7,415 to €5,638
of which Trade receivables: -€2,222
- Debts after one year -€10,667
down €10,667 (-37.2%), from €28,646 to €17,979
- Other debts +€8,631
up €8,631 (+162.6%), from €5,308 to €13,939
- Tax, wage and social debts -€3,533
down €3,533 (-82.4%), from €4,288 to €755
- Trade debts -€829
down €829 (-19.1%), from €4,342 to €3,513
- Gross operating margin -€7,571
down €7,571 (-39.1%), from €19,359 to €11,788
- Taxes -€1,641
down €1,641 (-67.1%), from €2,446 to €805
- Other operating charges +€846
up €846 (+77.8%), from €1,087 to €1,933
- Financial charges -€532
down €532 (-27.6%), from €1,928 to €1,395
- Depreciation -€503
down €503 (-6.0%), from €8,413 to €7,910
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 | €54,817 | €47,769 | -€7,048 | -12.9% |
| Fixed assets | 21/28 | €46,551 | €38,641 | -€7,910 | -17.0% |
| Tangible fixed assets | 22/27 | €46,551 | €38,641 | -€7,910 | -17.0% |
| Land and buildings | 22 | €46,017 | €38,580 | -€7,437 | -16.2% |
| Plant, machinery and equipment | 23 | €534 | €61 | -€473 | -88.6% |
| Current assets | 29/58 | €8,266 | €9,128 | +€862 | +10.4% |
| Amounts receivable within one year | 40/41 | €7,415 | €5,638 | -€1,777 | -24.0% |
| Trade receivables | 40 | €7,360 | €5,138 | -€2,222 | -30.2% |
| Other amounts receivable | 41 | €55 | €500 | +€445 | +806.7% |
| Current investments | 50/53 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €850 | €3,490 | +€2,640 | +310.5% |
| Total equity and liabilities | 10/49 | €54,817 | €47,769 | -€7,048 | -12.9% |
| Equity | 10/15 | €11,386 | €11,161 | -€225 | -2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,206 | -€7,431 | -€225 | -3.1% |
| Amounts payable | 17/49 | €43,431 | €36,608 | -€6,823 | -15.7% |
| Amounts payable after more than one year | 17 | €28,646 | €17,979 | -€10,667 | -37.2% |
| Financial debts | 170/4 | €28,646 | €17,979 | -€10,667 | -37.2% |
| Amounts payable within one year | 42/48 | €14,785 | €18,629 | +€3,844 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €847 | €422 | -€425 | -50.2% |
| Trade debts | 44 | €4,342 | €3,513 | -€829 | -19.1% |
| Suppliers | 440/4 | €4,342 | €3,513 | -€829 | -19.1% |
| Taxes, remuneration and social security | 45 | €4,288 | €755 | -€3,533 | -82.4% |
| Taxes | 450/3 | €4,288 | €755 | -€3,533 | -82.4% |
| Other amounts payable | 47/48 | €5,308 | €13,939 | +€8,631 | +162.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,413 | €7,910 | -€503 | -6.0% |
| Other operating charges | 640/8 | €1,087 | €1,933 | +€846 | +77.8% |
| Gross operating margin | 9900 | €19,359 | €11,788 | -€7,571 | -39.1% |
| Operating profit (loss) | 9901 | €9,859 | €1,945 | -€7,914 | -80.3% |
| Financial income | 75/76B | €62 | €30 | -€31 | -50.8% |
| Recurring financial income | 75 | €62 | €30 | -€31 | -50.8% |
| Financial charges | 65/66B | €1,928 | €1,395 | -€532 | -27.6% |
| Recurring financial charges | 65 | €1,928 | €1,395 | -€532 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €7,993 | €580 | -€7,413 | -92.7% |
| Income taxes | 67/77 | €2,446 | €805 | -€1,641 | -67.1% |
| Profit (loss) for the period | 9904 | €5,547 | -€225 | -€5,772 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,547 | -€225 | -€5,772 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.