Zawaco: 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.
Zawaco
Largest movements
- Cash +€67,715
up €67,715 (+232.0%), from €29,193 to €96,908
mainly Net result for the year (+€52,167) and Tax, wage and social debts (+€18,772)
- Tangible fixed assets -€9,548
down €9,548 (-23.4%), from €40,755 to €31,207
- Receivables within one year +€3,585
up €3,585 (+14.3%), from €25,050 to €28,635
of which Trade receivables: +€3,603
- Reserves +€51,334
up €51,334 (+130.4%), from €39,358 to €90,692
- Tax, wage and social debts +€18,772
up €18,772 (+129.9%), from €14,453 to €33,225
- Debts after one year -€10,451
down €10,451 (-36.0%), from €29,037 to €18,586
- Gross operating margin +€19,612
up €19,612 (+33.3%), from €58,825 to €78,437
- Taxes +€4,155
up €4,155 (+38.9%), from €10,682 to €14,837
- Depreciation +€2,963
up €2,963 (+45.0%), from €6,585 to €9,548
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 | €95,582 | €157,222 | +€61,640 | +64.5% |
| Fixed assets | 21/28 | €40,755 | €31,207 | -€9,548 | -23.4% |
| Tangible fixed assets | 22/27 | €40,755 | €31,207 | -€9,548 | -23.4% |
| Furniture and vehicles | 24 | €40,755 | €31,207 | -€9,548 | -23.4% |
| Current assets | 29/58 | €54,827 | €126,015 | +€71,188 | +129.8% |
| Amounts receivable within one year | 40/41 | €25,050 | €28,635 | +€3,585 | +14.3% |
| Trade receivables | 40 | €25,033 | €28,635 | +€3,603 | +14.4% |
| Other amounts receivable | 41 | €18 | €0 | -€18 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,193 | €96,908 | +€67,715 | +232.0% |
| Deferred charges and accrued income | 490/1 | €584 | €472 | -€113 | -19.3% |
| Total equity and liabilities | 10/49 | €95,582 | €157,222 | +€61,640 | +64.5% |
| Equity | 10/15 | €39,458 | €90,792 | +€51,334 | +130.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €39,358 | €90,692 | +€51,334 | +130.4% |
| Distributable reserves | 133 | €39,358 | €90,692 | +€51,334 | +130.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,125 | €66,430 | +€10,306 | +18.4% |
| Amounts payable after more than one year | 17 | €29,037 | €18,586 | -€10,451 | -36.0% |
| Financial debts | 170/4 | €29,037 | €18,586 | -€10,451 | -36.0% |
| Amounts payable within one year | 42/48 | €27,088 | €47,844 | +€20,756 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €9,985 | €10,451 | +€466 | +4.7% |
| Trade debts | 44 | €1,007 | €1,897 | +€890 | +88.4% |
| Suppliers | 440/4 | €1,007 | €1,897 | +€890 | +88.4% |
| Taxes, remuneration and social security | 45 | €14,453 | €33,225 | +€18,772 | +129.9% |
| Taxes | 450/3 | €14,453 | €33,225 | +€18,772 | +129.9% |
| Other amounts payable | 47/48 | €1,642 | €2,271 | +€628 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,585 | €9,548 | +€2,963 | +45.0% |
| Other operating charges | 640/8 | €151 | €304 | +€153 | +101.7% |
| Gross operating margin | 9900 | €58,825 | €78,437 | +€19,612 | +33.3% |
| Operating profit (loss) | 9901 | €52,090 | €68,585 | +€16,495 | +31.7% |
| Financial income | 75/76B | €10 | €156 | +€146 | +1451.9% |
| Recurring financial income | 75 | €10 | €156 | +€146 | +1451.9% |
| Financial charges | 65/66B | €1,228 | €1,737 | +€509 | +41.5% |
| Recurring financial charges | 65 | €1,228 | €1,737 | +€509 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €50,872 | €67,004 | +€16,132 | +31.7% |
| Income taxes | 67/77 | €10,682 | €14,837 | +€4,155 | +38.9% |
| Profit (loss) for the period | 9904 | €40,191 | €52,167 | +€11,976 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,191 | €52,167 | +€11,976 | +29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.