Zatuta: 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.
Zatuta
Largest movements
- Cash -€131,515
down €131,515 (-69.2%), from €190,099 to €58,584
mainly Advances received (-€113,849) and Net result for the year (-€11,864)
- Receivables after one year +€6,020
up €6,020 (+5.6%), from €108,086 to €114,106
- Advances received -€113,849
down €113,849 (-100%), from €113,849 to €0
- Reserves -€11,864
down €11,864 (-8.1%), from €146,088 to €134,224
- Gross operating margin -€209,815
down €209,815, from €196,842 to -€12,972
- Taxes -€44,004
down €44,004 (-99.3%), from €44,310 to €306
- Financial income +€5,461
up €5,461 (+177%), from €3,086 to €8,547
- Financial charges -€2,047
down €2,047 (-30.3%), from €6,746 to €4,699
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 | €311,889 | €186,199 | -€125,689 | -40.3% |
| Fixed assets | 21/28 | €6,966 | €5,278 | -€1,689 | -24.2% |
| Tangible fixed assets | 22/27 | €6,966 | €5,278 | -€1,689 | -24.2% |
| Plant, machinery and equipment | 23 | €1,585 | €1,255 | -€330 | -20.8% |
| Furniture and vehicles | 24 | €5,382 | €4,022 | -€1,359 | -25.3% |
| Current assets | 29/58 | €304,922 | €180,922 | -€124,000 | -40.7% |
| Amounts receivable after more than one year | 29 | €108,086 | €114,106 | +€6,020 | +5.6% |
| Other amounts receivable | 291 | €108,086 | €114,106 | +€6,020 | +5.6% |
| Amounts receivable within one year | 40/41 | €1,169 | €2,770 | +€1,601 | +137% |
| Trade receivables | 40 | - | €2,039 | +€2,039 | |
| Other amounts receivable | 41 | €1,169 | €731 | -€438 | -37.5% |
| Cash at bank and in hand | 54/58 | €190,099 | €58,584 | -€131,515 | -69.2% |
| Deferred charges and accrued income | 490/1 | €5,568 | €5,461 | -€107 | -1.9% |
| Total equity and liabilities | 10/49 | €311,889 | €186,199 | -€125,689 | -40.3% |
| Equity | 10/15 | €147,888 | €136,024 | -€11,864 | -8.0% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €146,088 | €134,224 | -€11,864 | -8.1% |
| Distributable reserves | 133 | €146,088 | €134,224 | -€11,864 | -8.1% |
| Amounts payable | 17/49 | €164,000 | €50,175 | -€113,825 | -69.4% |
| Amounts payable within one year | 42/48 | €164,000 | €50,175 | -€113,825 | -69.4% |
| Trade debts | 44 | €3,508 | €3,173 | -€335 | -9.5% |
| Suppliers | 440/4 | €3,508 | €3,173 | -€335 | -9.5% |
| Advances received on contracts in progress | 46 | €113,849 | €0 | -€113,849 | -100% |
| Taxes, remuneration and social security | 45 | €46,644 | €46,949 | +€306 | +0.7% |
| Taxes | 450/3 | €44,310 | €44,615 | +€306 | +0.7% |
| Remuneration and social security | 454/9 | €2,334 | €2,334 | = | 0.0% |
| Other amounts payable | 47/48 | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €1,689 | +€779 | +85.6% |
| Other operating charges | 640/8 | €1,874 | €745 | -€1,129 | -60.2% |
| Gross operating margin | 9900 | €196,842 | -€12,972 | -€209,815 | |
| Operating profit (loss) | 9901 | €194,058 | -€15,406 | -€209,465 | |
| Financial income | 75/76B | €3,086 | €8,547 | +€5,461 | +177% |
| Recurring financial income | 75 | €3,086 | €8,547 | +€5,461 | +177% |
| Financial charges | 65/66B | €6,746 | €4,699 | -€2,047 | -30.3% |
| Recurring financial charges | 65 | €6,746 | €4,699 | -€2,047 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €190,398 | -€11,558 | -€201,956 | |
| Income taxes | 67/77 | €44,310 | €306 | -€44,004 | -99.3% |
| Profit (loss) for the period | 9904 | €146,088 | -€11,864 | -€157,952 | |
| Profit (loss) for the period to be appropriated | 9905 | €146,088 | -€11,864 | -€157,952 |
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 25 October 2026 via checked.be.