ZAURAK: 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.
ZAURAK
Largest movements
- Tangible fixed assets -€64,677
down €64,677 (-10.4%), from €623,095 to €558,418
of which Land and buildings: -€32,488
- Cash -€10,950
down €10,950 (-46.5%), from €23,563 to €12,613
mainly Other debts (-€195,614) and Net result for the year (-€39,450)
- Other debts -€195,614
no longer reported in 2025 (was €195,614)
- Debts after one year +€171,889
up €171,889 (+45.4%), from €378,712 to €550,601
of which Other amounts payable: +€207,070
- Profit (loss) carried forward -€39,449
down €39,449 (-43.9%), from -€89,832 to -€129,281
- Trade debts -€15,340
down €15,340 (-68.4%), from €22,441 to €7,101
- Gross operating margin +€4,866
up €4,866 (+10.6%), from €46,061 to €50,927
- Depreciation -€3,079
down €3,079 (-4.5%), from €68,746 to €65,667
- Financial charges -€2,173
down €2,173 (-10.6%), from €20,541 to €18,368
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 | €655,028 | €573,602 | -€81,426 | -12.4% |
| Fixed assets | 21/28 | €624,345 | €559,668 | -€64,677 | -10.4% |
| Tangible fixed assets | 22/27 | €623,095 | €558,418 | -€64,677 | -10.4% |
| Land and buildings | 22 | €462,370 | €429,882 | -€32,488 | -7.0% |
| Plant, machinery and equipment | 23 | €136,270 | €113,893 | -€22,377 | -16.4% |
| Furniture and vehicles | 24 | €21,273 | €14,643 | -€6,630 | -31.2% |
| Leasing and similar rights | 25 | €3,182 | €0 | -€3,182 | -100.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €30,683 | €13,934 | -€16,749 | -54.6% |
| Amounts receivable within one year | 40/41 | €6,336 | €1,103 | -€5,233 | -82.6% |
| Trade receivables | 40 | €6,336 | €1,103 | -€5,233 | -82.6% |
| Cash at bank and in hand | 54/58 | €23,563 | €12,613 | -€10,950 | -46.5% |
| Deferred charges and accrued income | 490/1 | €784 | €218 | -€566 | -72.2% |
| Total equity and liabilities | 10/49 | €655,028 | €573,602 | -€81,426 | -12.4% |
| Equity | 10/15 | €20,168 | -€19,281 | -€39,449 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,832 | -€129,281 | -€39,449 | -43.9% |
| Amounts payable | 17/49 | €634,860 | €592,883 | -€41,977 | -6.6% |
| Amounts payable after more than one year | 17 | €378,712 | €550,601 | +€171,889 | +45.4% |
| Financial debts | 170/4 | €378,712 | €343,531 | -€35,181 | -9.3% |
| Other amounts payable | 178/9 | - | €207,070 | +€207,070 | |
| Amounts payable within one year | 42/48 | €256,148 | €42,282 | -€213,866 | -83.5% |
| Current portion of amounts payable after more than one year | 42 | €38,093 | €35,181 | -€2,912 | -7.6% |
| Trade debts | 44 | €22,441 | €7,101 | -€15,340 | -68.4% |
| Suppliers | 440/4 | €22,441 | €7,101 | -€15,340 | -68.4% |
| Other amounts payable | 47/48 | €195,614 | - | -€195,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,746 | €65,667 | -€3,079 | -4.5% |
| Other operating charges | 640/8 | €6,274 | €6,342 | +€68 | +1.1% |
| Gross operating margin | 9900 | €46,061 | €50,927 | +€4,866 | +10.6% |
| Operating profit (loss) | 9901 | -€28,959 | -€21,082 | +€7,877 | +27.2% |
| Financial charges | 65/66B | €20,541 | €18,368 | -€2,173 | -10.6% |
| Recurring financial charges | 65 | €20,541 | €18,368 | -€2,173 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,500 | -€39,450 | +€10,050 | +20.3% |
| Profit (loss) for the period | 9904 | -€49,500 | -€39,450 | +€10,050 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,500 | -€39,450 | +€10,050 | +20.3% |
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 11 October 2026 via checked.be.