ZAVALA: 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.
ZAVALA
Largest movements
- Cash +€160,996
up €160,996 (+12261.7%), from €1,313 to €162,309
mainly Accrued charges and deferred income (+€210,704) and Contributions, distributions and other (+€70,000)
- Tangible fixed assets +€133,122
up €133,122 (+395.7%), from €33,645 to €166,767
of which Other tangible fixed assets: +€147,030
- Stocks and contracts +€13,691
new in 2025: €13,691
- Receivables within one year -€13,342
down €13,342 (-29.9%), from €44,579 to €31,237
of which Trade receivables: -€27,573
- Intangible fixed assets +€4,364
new in 2025: €4,364
- Accrued charges and deferred income +€210,704
new in 2025: €210,704
- Contributions +€70,000
up €70,000 (+3500.0%), from €2,000 to €72,000
- Tax, wage and social debts +€32,658
up €32,658 (+708.5%), from €4,610 to €37,268
- Trade debts +€16,568
up €16,568 (+56.6%), from €29,285 to €45,853
- Profit (loss) carried forward -€12,318
down €12,318 (-47.2%), from €26,104 to €13,786
- Other operating charges +€12,678
up €12,678 (+2827.1%), from €448 to €13,126
- Gross operating margin -€5,339
down €5,339 (-22.1%), from €24,182 to €18,843
- Taxes -€3,245
down €3,245 (-96.2%), from €3,372 to €127
- Staff costs +€3,040
new in 2025: €3,040
- Financial charges +€2,123
up €2,123 (+498.0%), from €426 to €2,550
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 | €79,537 | €379,773 | +€300,236 | +377.5% |
| Fixed assets | 21/28 | €33,645 | €171,131 | +€137,485 | +408.6% |
| Intangible fixed assets | 21 | - | €4,364 | +€4,364 | |
| Tangible fixed assets | 22/27 | €33,645 | €166,767 | +€133,122 | +395.7% |
| Plant, machinery and equipment | 23 | €4,598 | €5,145 | +€546 | +11.9% |
| Furniture and vehicles | 24 | €29,047 | €14,592 | -€14,455 | -49.8% |
| Other tangible fixed assets | 26 | - | €147,030 | +€147,030 | |
| Current assets | 29/58 | €45,892 | €208,643 | +€162,751 | +354.6% |
| Stocks and contracts in progress | 3 | - | €13,691 | +€13,691 | |
| Stocks | 30/36 | - | €13,691 | +€13,691 | |
| Amounts receivable within one year | 40/41 | €44,579 | €31,237 | -€13,342 | -29.9% |
| Trade receivables | 40 | €44,329 | €16,756 | -€27,573 | -62.2% |
| Other amounts receivable | 41 | €250 | €14,481 | +€14,231 | +5698.8% |
| Cash at bank and in hand | 54/58 | €1,313 | €162,309 | +€160,996 | +12261.7% |
| Deferred charges and accrued income | 490/1 | - | €1,406 | +€1,406 | |
| Total equity and liabilities | 10/49 | €79,537 | €379,773 | +€300,236 | +377.5% |
| Equity | 10/15 | €28,104 | €85,786 | +€57,682 | +205.2% |
| Contributions | 10/11 | €2,000 | €72,000 | +€70,000 | +3500.0% |
| Profit (loss) carried forward | 14 | €26,104 | €13,786 | -€12,318 | -47.2% |
| Amounts payable | 17/49 | €51,433 | €293,987 | +€242,554 | +471.6% |
| Amounts payable after more than one year | 17 | €7,810 | €0 | -€7,810 | -100.0% |
| Financial debts | 170/4 | €7,810 | €0 | -€7,810 | -100.0% |
| Amounts payable within one year | 42/48 | €43,623 | €83,283 | +€39,660 | +90.9% |
| Current portion of amounts payable after more than one year | 42 | €6,256 | €0 | -€6,256 | -100.0% |
| Trade debts | 44 | €29,285 | €45,853 | +€16,568 | +56.6% |
| Suppliers | 440/4 | €29,285 | €45,853 | +€16,568 | +56.6% |
| Taxes, remuneration and social security | 45 | €4,610 | €37,268 | +€32,658 | +708.5% |
| Taxes | 450/3 | €4,610 | €37,268 | +€32,658 | +708.5% |
| Other amounts payable | 47/48 | €3,473 | €162 | -€3,311 | -95.3% |
| Accrued charges and deferred income | 492/3 | - | €210,704 | +€210,704 | |
| Remuneration, social security and pensions | 62 | - | €3,040 | +€3,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,087 | €12,321 | +€1,235 | +11.1% |
| Other operating charges | 640/8 | €448 | €13,126 | +€12,678 | +2827.1% |
| Gross operating margin | 9900 | €24,182 | €18,843 | -€5,339 | -22.1% |
| Operating profit (loss) | 9901 | €12,647 | -€9,644 | -€22,291 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +46.7% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +46.7% |
| Financial charges | 65/66B | €426 | €2,550 | +€2,123 | +498.0% |
| Recurring financial charges | 65 | €426 | €2,550 | +€2,123 | +498.0% |
| Profit (loss) for the period before taxes | 9903 | €12,222 | -€12,191 | -€24,414 | |
| Income taxes | 67/77 | €3,372 | €127 | -€3,245 | -96.2% |
| Profit (loss) for the period | 9904 | €8,851 | -€12,318 | -€21,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,851 | -€12,318 | -€21,169 |
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 9 October 2026 via checked.be.