ZATAX: 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.
ZATAX
Largest movements
- Tangible fixed assets +€82,268
up €82,268 (+200%), from €41,214 to €123,482
of which Furniture and vehicles: +€81,051
- Receivables within one year +€16,782
up €16,782 (+72.4%), from €23,174 to €39,956
of which Trade receivables: +€21,632
- Financial fixed assets +€10,000
up €10,000 (+71.4%), from €14,000 to €24,000
- Cash -€7,162
down €7,162 (-20.2%), from €35,375 to €28,213
mainly Investment in fixed assets (net) (-€110,113) and Receivables within one year (-€16,782)
- Debts after one year +€36,660
new in 2025: €36,660
- Other debts +€24,693
up €24,693 (+164%), from €15,100 to €39,793
- Current portion of long-term debt +€21,032
new in 2025: €21,032
- Profit (loss) carried forward +€11,299
up €11,299 (+34.4%), from €32,827 to €44,126
- Trade debts +€9,345
up €9,345 (+28.4%), from €32,924 to €42,270
- Turnover +€405,263
new in 2025: €405,263
- Purchases and services +€167,658
new in 2025: €167,658
- Staff costs +€114,854
up €114,854 (+138%), from €83,201 to €198,055
- Gross operating margin +€94,939
up €94,939 (+65.3%), from €145,289 to €240,228
- Depreciation +€12,137
up €12,137 (+213%), from €5,707 to €17,845
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 | €113,763 | €215,651 | +€101,888 | +89.6% |
| Fixed assets | 21/28 | €55,214 | €147,482 | +€92,268 | +167% |
| Tangible fixed assets | 22/27 | €41,214 | €123,482 | +€82,268 | +200% |
| Plant, machinery and equipment | 23 | - | €1,217 | +€1,217 | |
| Furniture and vehicles | 24 | €41,214 | €122,266 | +€81,051 | +197% |
| Financial fixed assets | 28 | €14,000 | €24,000 | +€10,000 | +71.4% |
| Current assets | 29/58 | €58,549 | €68,169 | +€9,619 | +16.4% |
| Amounts receivable within one year | 40/41 | €23,174 | €39,956 | +€16,782 | +72.4% |
| Trade receivables | 40 | €18,323 | €39,956 | +€21,632 | +118% |
| Other amounts receivable | 41 | €4,851 | - | -€4,851 | |
| Cash at bank and in hand | 54/58 | €35,375 | €28,213 | -€7,162 | -20.2% |
| Total equity and liabilities | 10/49 | €113,763 | €215,651 | +€101,888 | +89.6% |
| Equity | 10/15 | €33,827 | €45,126 | +€11,299 | +33.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €32,827 | €44,126 | +€11,299 | +34.4% |
| Amounts payable | 17/49 | €79,936 | €170,524 | +€90,588 | +113% |
| Amounts payable after more than one year | 17 | - | €36,660 | +€36,660 | |
| Financial debts | 170/4 | - | €36,660 | +€36,660 | |
| Amounts payable within one year | 42/48 | €79,936 | €133,864 | +€53,928 | +67.5% |
| Current portion of amounts payable after more than one year | 42 | - | €21,032 | +€21,032 | |
| Trade debts | 44 | €32,924 | €42,270 | +€9,345 | +28.4% |
| Suppliers | 440/4 | €32,924 | €42,270 | +€9,345 | +28.4% |
| Taxes, remuneration and social security | 45 | €31,912 | €30,770 | -€1,142 | -3.6% |
| Taxes | 450/3 | €29,338 | €30,770 | +€1,431 | +4.9% |
| Remuneration and social security | 454/9 | €2,573 | - | -€2,573 | |
| Other amounts payable | 47/48 | €15,100 | €39,793 | +€24,693 | +164% |
| Turnover | 70 | - | €405,263 | +€405,263 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €167,658 | +€167,658 | |
| Remuneration, social security and pensions | 62 | €83,201 | €198,055 | +€114,854 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,707 | €17,845 | +€12,137 | +213% |
| Other operating charges | 640/8 | €298 | €6,870 | +€6,572 | +2,204% |
| Gross operating margin | 9900 | €145,289 | €240,228 | +€94,939 | +65.3% |
| Operating profit (loss) | 9901 | €56,082 | €17,458 | -€38,624 | -68.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €48 | €2,292 | +€2,244 | +4,663% |
| Recurring financial charges | 65 | €48 | €2,292 | +€2,244 | +4,663% |
| Profit (loss) for the period before taxes | 9903 | €56,034 | €15,167 | -€40,867 | -72.9% |
| Income taxes | 67/77 | €8,207 | €3,868 | -€4,339 | -52.9% |
| Profit (loss) for the period | 9904 | €47,827 | €11,299 | -€36,528 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,827 | €11,299 | -€36,528 | -76.4% |
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 18 October 2026 via checked.be.