ZAYANE: 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.
ZAYANE
Largest movements
- Tangible fixed assets +€110,905
up €110,905 (+5029.6%), from €2,205 to €113,110
of which Leasing and similar rights: +€111,585
- Receivables within one year +€15,675
up €15,675 (+72.4%), from €21,655 to €37,329
of which Trade receivables: +€8,734
- Cash -€9,165
down €9,165 (-100.0%), from €9,165 to €0
mainly Investment in fixed assets (net) (-€117,007) and Receivables within one year (-€15,675)
- Deferred charges and accrued income +€1,800
up €1,800 (+100.6%), from €1,790 to €3,590
- Debts after one year +€83,635
up €83,635 (+929.3%), from €9,000 to €92,635
of which Financial debts: +€83,635
- Current portion of long-term debt +€23,275
new in 2025: €23,275
- Other debts +€10,000
up €10,000, from €0 to €10,000
- Trade debts +€8,312
up €8,312 (+596.0%), from €1,395 to €9,707
- Profit (loss) carried forward -€4,991
down €4,991 (-21.6%), from €23,084 to €18,093
- Gross operating margin -€21,866
down €21,866 (-74.5%), from €29,364 to €7,498
- Taxes -€1,780
down €1,780 (-30.1%), from €5,916 to €4,136
- Financial charges +€703
up €703 (+99.4%), from €707 to €1,410
- Other operating charges +€380
up €380 (+44.9%), from €845 to €1,225
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 | €43,949 | €163,299 | +€119,350 | +271.6% |
| Fixed assets | 21/28 | €11,340 | €122,380 | +€111,040 | +979.2% |
| Tangible fixed assets | 22/27 | €2,205 | €113,110 | +€110,905 | +5029.6% |
| Plant, machinery and equipment | 23 | €2,205 | €576 | -€1,629 | -73.9% |
| Furniture and vehicles | 24 | €0 | €949 | +€949 | |
| Leasing and similar rights | 25 | - | €111,585 | +€111,585 | |
| Financial fixed assets | 28 | €9,135 | €9,270 | +€135 | +1.5% |
| Current assets | 29/58 | €32,609 | €40,919 | +€8,310 | +25.5% |
| Amounts receivable within one year | 40/41 | €21,655 | €37,329 | +€15,675 | +72.4% |
| Trade receivables | 40 | €21,655 | €30,388 | +€8,734 | +40.3% |
| Other amounts receivable | 41 | - | €6,941 | +€6,941 | |
| Cash at bank and in hand | 54/58 | €9,165 | €0 | -€9,165 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,790 | €3,590 | +€1,800 | +100.6% |
| Total equity and liabilities | 10/49 | €43,949 | €163,299 | +€119,350 | +271.6% |
| Equity | 10/15 | €24,084 | €19,093 | -€4,991 | -20.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,084 | €18,093 | -€4,991 | -21.6% |
| Amounts payable | 17/49 | €19,866 | €144,206 | +€124,341 | +625.9% |
| Amounts payable after more than one year | 17 | €9,000 | €92,635 | +€83,635 | +929.3% |
| Financial debts | 170/4 | - | €83,635 | +€83,635 | |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,866 | €51,571 | +€40,705 | +374.6% |
| Current portion of amounts payable after more than one year | 42 | - | €23,275 | +€23,275 | |
| Financial debts | 43 | - | €74 | +€74 | |
| Credit institutions | 430/8 | - | €74 | +€74 | |
| Trade debts | 44 | €1,395 | €9,707 | +€8,312 | +596.0% |
| Suppliers | 440/4 | €1,395 | €9,707 | +€8,312 | +596.0% |
| Taxes, remuneration and social security | 45 | €9,471 | €8,515 | -€956 | -10.1% |
| Taxes | 450/3 | €9,471 | €8,515 | -€956 | -10.1% |
| Other amounts payable | 47/48 | €0 | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,038 | €5,967 | -€71 | -1.2% |
| Other operating charges | 640/8 | €845 | €1,225 | +€380 | +44.9% |
| Gross operating margin | 9900 | €29,364 | €7,498 | -€21,866 | -74.5% |
| Operating profit (loss) | 9901 | €22,480 | €306 | -€22,174 | -98.6% |
| Financial income | 75/76B | €75 | €249 | +€174 | +232.3% |
| Recurring financial income | 75 | €75 | €249 | +€174 | +232.3% |
| Financial charges | 65/66B | €707 | €1,410 | +€703 | +99.4% |
| Recurring financial charges | 65 | €707 | €1,410 | +€703 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | €21,848 | -€855 | -€22,703 | |
| Income taxes | 67/77 | €5,916 | €4,136 | -€1,780 | -30.1% |
| Profit (loss) for the period | 9904 | €15,933 | -€4,991 | -€20,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,933 | -€4,991 | -€20,923 |
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 30 September 2026 via checked.be.