ZAVOT: what changed
Two fiscal 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.
ZAVOT
Largest movements
- Cash +€135,248
up €135,248 (+48.5%), from €278,969 to €414,217
mainly Other debts (+€130,215) and Trade debts (+€52,605)
- Receivables within one year -€49,993
down €49,993 (-36.7%), from €136,122 to €86,128
of which Other amounts receivable: -€68,285
- Tangible fixed assets -€9,318
down €9,318 (-22.4%), from €41,669 to €32,350
of which Land and buildings: -€8,899
- Reserves -€133,624
down €133,624 (-95.6%), from €139,821 to €6,197
of which Distributable reserves: -€133,624
- Other debts +€130,215
up €130,215 (+951.4%), from €13,687 to €143,903
- Trade debts +€52,605
up €52,605 (+583.0%), from €9,023 to €61,628
- Profit (loss) carried forward +€9,091
up €9,091 (+8.0%), from €113,624 to €122,715
- Provisions +€8,483
up €8,483 (+7.2%), from €118,147 to €126,630
- Gross operating margin -€69,725
down €69,725 (-52.9%), from €131,703 to €61,978
- Taxes -€16,865
down €16,865 (-62.4%), from €27,015 to €10,149
- Financial income +€4,067
up €4,067 (+407.0%), from €999 to €5,067
- Other operating charges +€2,329
up €2,329 (+8.4%), from €27,622 to €29,951
- Provisions +€2,207
up €2,207 (+35.2%), from €6,276 to €8,483
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 | €473,361 | €542,508 | +€69,146 | +14.6% |
| Fixed assets | 21/28 | €41,669 | €32,350 | -€9,318 | -22.4% |
| Tangible fixed assets | 22/27 | €41,669 | €32,350 | -€9,318 | -22.4% |
| Land and buildings | 22 | €40,829 | €31,931 | -€8,899 | -21.8% |
| Plant, machinery and equipment | 23 | €839 | €420 | -€420 | -50.0% |
| Current assets | 29/58 | €431,693 | €510,157 | +€78,465 | +18.2% |
| Amounts receivable after more than one year | 29 | €5,000 | €0 | -€5,000 | -100.0% |
| Other amounts receivable | 291 | €5,000 | €0 | -€5,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €136,122 | €86,128 | -€49,993 | -36.7% |
| Trade receivables | 40 | €57,618 | €75,910 | +€18,291 | +31.7% |
| Other amounts receivable | 41 | €78,503 | €10,219 | -€68,285 | -87.0% |
| Cash at bank and in hand | 54/58 | €278,969 | €414,217 | +€135,248 | +48.5% |
| Deferred charges and accrued income | 490/1 | €11,602 | €9,812 | -€1,790 | -15.4% |
| Total equity and liabilities | 10/49 | €473,361 | €542,508 | +€69,146 | +14.6% |
| Equity | 10/15 | €315,418 | €190,885 | -€124,533 | -39.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €139,821 | €6,197 | -€133,624 | -95.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €133,624 | €0 | -€133,624 | -100.0% |
| Profit (loss) carried forward | 14 | €113,624 | €122,715 | +€9,091 | +8.0% |
| Provisions and deferred taxes | 16 | €118,147 | €126,630 | +€8,483 | +7.2% |
| Provisions for liabilities and charges | 160/5 | €118,147 | €126,630 | +€8,483 | +7.2% |
| Major repairs and maintenance | 162 | €118,147 | €126,630 | +€8,483 | +7.2% |
| Amounts payable | 17/49 | €39,796 | €224,992 | +€185,196 | +465.4% |
| Amounts payable within one year | 42/48 | €26,512 | €211,329 | +€184,817 | +697.1% |
| Trade debts | 44 | €9,023 | €61,628 | +€52,605 | +583.0% |
| Suppliers | 440/4 | €9,023 | €61,628 | +€52,605 | +583.0% |
| Taxes, remuneration and social security | 45 | €3,802 | €5,799 | +€1,997 | +52.5% |
| Taxes | 450/3 | €3,802 | €5,799 | +€1,997 | +52.5% |
| Other amounts payable | 47/48 | €13,687 | €143,903 | +€130,215 | +951.4% |
| Accrued charges and deferred income | 492/3 | €13,283 | €13,663 | +€379 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,318 | €9,318 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€620 | €0 | +€620 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,276 | €8,483 | +€2,207 | +35.2% |
| Other operating charges | 640/8 | €27,622 | €29,951 | +€2,329 | +8.4% |
| Gross operating margin | 9900 | €131,703 | €61,978 | -€69,725 | -52.9% |
| Operating profit (loss) | 9901 | €89,107 | €14,226 | -€74,881 | -84.0% |
| Financial income | 75/76B | €999 | €5,067 | +€4,067 | +407.0% |
| Recurring financial income | 75 | €999 | €5,067 | +€4,067 | +407.0% |
| Financial charges | 65/66B | €967 | €52 | -€915 | -94.6% |
| Recurring financial charges | 65 | €967 | €52 | -€915 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €89,139 | €19,240 | -€69,899 | -78.4% |
| Income taxes | 67/77 | €27,015 | €10,149 | -€16,865 | -62.4% |
| Profit (loss) for the period | 9904 | €62,125 | €9,091 | -€53,034 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,125 | €9,091 | -€53,034 | -85.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.