ZAVANO: 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.
ZAVANO
Largest movements
- Cash +€13,561
up €13,561 (+89.1%), from €15,228 to €28,789
mainly Net result for the year (+€12,534) and Trade debts (+€6,956)
- Receivables within one year +€1,522
up €1,522 (+6.3%), from €24,092 to €25,613
- Reserves +€10,000
up €10,000 (+538%), from €1,860 to €11,860
of which Distributable reserves: +€10,000
- Other debts -€10,000
down €10,000 (-70.0%), from €14,286 to €4,286
- Trade debts +€6,956
up €6,956 (+236%), from €2,947 to €9,904
- Tax, wage and social debts +€5,507
up €5,507 (+424%), from €1,299 to €6,806
- Profit (loss) carried forward +€2,534
up €2,534 (+17.4%), from €14,540 to €17,074
- Gross operating margin +€18,824
up €18,824, from -€1,023 to €17,801
- Taxes +€4,998
new in 2025: €4,998
- Depreciation -€282
down €282 (-41.8%), from €676 to €393
- Financial income +€201
up €201 (+39.4%), from €509 to €710
- Financial charges -€181
down €181 (-49.3%), from €368 to €186
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 | €41,132 | €56,130 | +€14,997 | +36.5% |
| Fixed assets | 21/28 | €791 | €1,265 | +€474 | +59.9% |
| Tangible fixed assets | 22/27 | €630 | €1,104 | +€474 | +75.2% |
| Furniture and vehicles | 24 | €630 | €1,104 | +€474 | +75.2% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €40,341 | €54,865 | +€14,523 | +36.0% |
| Stocks and contracts in progress | 3 | €1,022 | €462 | -€559 | -54.8% |
| Stocks | 30/36 | €1,022 | €462 | -€559 | -54.8% |
| Amounts receivable within one year | 40/41 | €24,092 | €25,613 | +€1,522 | +6.3% |
| Other amounts receivable | 41 | €24,092 | €25,613 | +€1,522 | +6.3% |
| Cash at bank and in hand | 54/58 | €15,228 | €28,789 | +€13,561 | +89.1% |
| Total equity and liabilities | 10/49 | €41,132 | €56,130 | +€14,997 | +36.5% |
| Equity | 10/15 | €22,600 | €35,134 | +€12,534 | +55.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €11,860 | +€10,000 | +538% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €14,540 | €17,074 | +€2,534 | +17.4% |
| Amounts payable | 17/49 | €18,532 | €20,996 | +€2,464 | +13.3% |
| Amounts payable within one year | 42/48 | €18,532 | €20,996 | +€2,464 | +13.3% |
| Trade debts | 44 | €2,947 | €9,904 | +€6,956 | +236% |
| Suppliers | 440/4 | €2,947 | €9,904 | +€6,956 | +236% |
| Taxes, remuneration and social security | 45 | €1,299 | €6,806 | +€5,507 | +424% |
| Taxes | 450/3 | €1,299 | €6,806 | +€5,507 | +424% |
| Other amounts payable | 47/48 | €14,286 | €4,286 | -€10,000 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €393 | -€282 | -41.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,023 | €17,801 | +€18,824 | |
| Operating profit (loss) | 9901 | -€2,086 | €17,008 | +€19,094 | |
| Financial income | 75/76B | €509 | €710 | +€201 | +39.4% |
| Recurring financial income | 75 | €509 | €710 | +€201 | +39.4% |
| Financial charges | 65/66B | €368 | €186 | -€181 | -49.3% |
| Recurring financial charges | 65 | €368 | €186 | -€181 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,944 | €17,532 | +€19,475 | |
| Income taxes | 67/77 | - | €4,998 | +€4,998 | |
| Profit (loss) for the period | 9904 | -€1,944 | €12,534 | +€14,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,944 | €12,534 | +€14,477 |
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 15 October 2026 via checked.be.