ZAROVA: 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.
ZAROVA
Largest movements
- Receivables within one year +€5,162
up €5,162 (+351.2%), from €1,470 to €6,632
of which Trade receivables: +€4,796
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,100
up €5,100 (+2.8%), from €184,736 to €189,836
- Taxes +€1,912
up €1,912 (+4.5%), from €42,089 to €44,001
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 | €360,691 | €366,528 | +€5,837 | +1.6% |
| Fixed assets | 21/28 | €1,161 | €687 | -€473 | -40.8% |
| Tangible fixed assets | 22/27 | €1,161 | €687 | -€473 | -40.8% |
| Furniture and vehicles | 24 | €1,161 | €687 | -€473 | -40.8% |
| Current assets | 29/58 | €359,531 | €365,841 | +€6,310 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,470 | €6,632 | +€5,162 | +351.2% |
| Trade receivables | 40 | €225 | €5,021 | +€4,796 | +2134.0% |
| Other amounts receivable | 41 | €1,245 | €1,611 | +€366 | +29.4% |
| Current investments | 50/53 | €201,392 | €201,392 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,663 | €157,797 | +€1,133 | +0.7% |
| Deferred charges and accrued income | 490/1 | €6 | €20 | +€15 | +257.0% |
| Total equity and liabilities | 10/49 | €360,691 | €366,528 | +€5,837 | +1.6% |
| Equity | 10/15 | €206,128 | €206,128 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €206,127 | €206,127 | = | 0.0% |
| Distributable reserves | 133 | €206,127 | €206,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €154,563 | €160,400 | +€5,837 | +3.8% |
| Amounts payable within one year | 42/48 | €154,563 | €160,400 | +€5,837 | +3.8% |
| Trade debts | 44 | €214 | €1,067 | +€852 | +397.5% |
| Suppliers | 440/4 | €214 | €1,067 | +€852 | +397.5% |
| Taxes, remuneration and social security | 45 | €10,302 | €12,462 | +€2,160 | +21.0% |
| Taxes | 450/3 | €10,302 | €12,462 | +€2,160 | +21.0% |
| Other amounts payable | 47/48 | €144,046 | €146,871 | +€2,824 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €473 | +€214 | +82.5% |
| Other operating charges | 640/8 | €1,826 | €2,237 | +€411 | +22.5% |
| Gross operating margin | 9900 | €184,736 | €189,836 | +€5,100 | +2.8% |
| Operating profit (loss) | 9901 | €182,650 | €187,125 | +€4,475 | +2.5% |
| Financial income | 75/76B | €3,843 | €4,110 | +€267 | +6.9% |
| Recurring financial income | 75 | €3,843 | €4,110 | +€267 | +6.9% |
| Financial charges | 65/66B | €358 | €363 | +€6 | +1.6% |
| Recurring financial charges | 65 | €358 | €363 | +€6 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €186,135 | €190,871 | +€4,736 | +2.5% |
| Income taxes | 67/77 | €42,089 | €44,001 | +€1,912 | +4.5% |
| Profit (loss) for the period | 9904 | €144,046 | €146,871 | +€2,824 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,046 | €146,871 | +€2,824 | +2.0% |
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 6 October 2026 via checked.be.