ZARZA: 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.
ZARZA
Largest movements
- Cash +€53,219
up €53,219 (+55.9%), from €95,274 to €148,492
mainly Other debts (+€24,999) and Net result for the year (+€20,844)
- Tangible fixed assets -€19,780
down €19,780 (-28.1%), from €70,298 to €50,518
of which Plant, machinery and equipment: -€14,613
- Deferred charges and accrued income -€7,862
down €7,862 (-69.9%), from €11,241 to €3,380
- Stocks and contracts +€5,626
up €5,626 (+17.3%), from €32,553 to €38,179
- Other debts +€24,999
up €24,999 (+182.7%), from €13,685 to €38,685
- Tax, wage and social debts +€10,415
up €10,415 (+86.0%), from €12,105 to €22,520
of which Taxes: +€9,796
- Trade debts -€3,849
down €3,849 (-8.3%), from €46,461 to €42,613
- Gross operating margin +€19,707
up €19,707 (+8.4%), from €233,354 to €253,061
- Staff costs +€6,204
up €6,204 (+3.1%), from €197,324 to €203,528
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,338 | €245,898 | +€33,560 | +15.8% |
| Fixed assets | 21/28 | €70,298 | €50,518 | -€19,780 | -28.1% |
| Tangible fixed assets | 22/27 | €70,298 | €50,518 | -€19,780 | -28.1% |
| Plant, machinery and equipment | 23 | €46,411 | €31,798 | -€14,613 | -31.5% |
| Furniture and vehicles | 24 | €2,895 | €1,913 | -€982 | -33.9% |
| Other tangible fixed assets | 26 | €20,992 | €16,807 | -€4,185 | -19.9% |
| Current assets | 29/58 | €142,041 | €195,381 | +€53,340 | +37.6% |
| Stocks and contracts in progress | 3 | €32,553 | €38,179 | +€5,626 | +17.3% |
| Stocks | 30/36 | €32,553 | €38,179 | +€5,626 | +17.3% |
| Amounts receivable within one year | 40/41 | €2,973 | €5,329 | +€2,357 | +79.3% |
| Trade receivables | 40 | €1,892 | €2,374 | +€482 | +25.5% |
| Other amounts receivable | 41 | €1,081 | €2,955 | +€1,875 | +173.5% |
| Cash at bank and in hand | 54/58 | €95,274 | €148,492 | +€53,219 | +55.9% |
| Deferred charges and accrued income | 490/1 | €11,241 | €3,380 | -€7,862 | -69.9% |
| Total equity and liabilities | 10/49 | €212,338 | €245,898 | +€33,560 | +15.8% |
| Equity | 10/15 | €137,536 | €138,380 | +€844 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,936 | €119,780 | +€844 | +0.7% |
| Distributable reserves | 133 | €118,936 | €119,780 | +€844 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,802 | €107,518 | +€32,716 | +43.7% |
| Amounts payable within one year | 42/48 | €73,712 | €107,278 | +€33,566 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €46,461 | €42,613 | -€3,849 | -8.3% |
| Suppliers | 440/4 | €46,461 | €42,613 | -€3,849 | -8.3% |
| Advances received on contracts in progress | 46 | €1,462 | €3,462 | +€2,000 | +136.8% |
| Taxes, remuneration and social security | 45 | €12,105 | €22,520 | +€10,415 | +86.0% |
| Taxes | 450/3 | €4,973 | €14,770 | +€9,796 | +197.0% |
| Remuneration and social security | 454/9 | €7,131 | €7,750 | +€619 | +8.7% |
| Other amounts payable | 47/48 | €13,685 | €38,685 | +€24,999 | +182.7% |
| Accrued charges and deferred income | 492/3 | €1,090 | €240 | -€850 | -78.0% |
| Remuneration, social security and pensions | 62 | €197,324 | €203,528 | +€6,204 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,914 | €19,780 | -€134 | -0.7% |
| Other operating charges | 640/8 | €4,175 | €4,301 | +€126 | +3.0% |
| Gross operating margin | 9900 | €233,354 | €253,061 | +€19,707 | +8.4% |
| Operating profit (loss) | 9901 | €11,941 | €25,452 | +€13,511 | +113.1% |
| Financial income | 75/76B | €299 | €814 | +€514 | +171.8% |
| Recurring financial income | 75 | €299 | €814 | +€514 | +171.8% |
| Financial charges | 65/66B | €823 | €1,435 | +€611 | +74.2% |
| Recurring financial charges | 65 | €823 | €1,435 | +€611 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €11,417 | €24,831 | +€13,414 | +117.5% |
| Income taxes | 67/77 | €5,847 | €3,987 | -€1,860 | -31.8% |
| Profit (loss) for the period | 9904 | €5,570 | €20,844 | +€15,274 | +274.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,570 | €20,844 | +€15,274 | +274.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.