ZAYCO: 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.
ZAYCO
Largest movements
- Cash +€22,725
up €22,725 (+244.7%), from €9,287 to €32,012
mainly Other debts (+€20,293) and Trade debts (+€10,505)
- Deferred charges and accrued income +€20,413
up €20,413 (+508.8%), from €4,012 to €24,425
- Receivables within one year -€8,880
down €8,880 (-24.2%), from €36,742 to €27,862
of which Other amounts receivable: -€6,815
- Other debts +€20,293
new in 2025: €20,293
- Trade debts +€10,505
up €10,505 (+2277.2%), from €461 to €10,967
- Reserves +€3,361
up €3,361 (+11.0%), from €30,612 to €33,973
- Tax, wage and social debts +€1,313
up €1,313 (+6.5%), from €20,055 to €21,368
of which Taxes: +€1,313
- Gross operating margin -€20,541
down €20,541 (-47.1%), from €43,577 to €23,035
- Other operating charges +€9,360
up €9,360 (+446.9%), from €2,094 to €11,454
- Taxes -€5,086
down €5,086 (-49.1%), from €10,369 to €5,283
- Depreciation +€522
up €522 (+82.6%), from €632 to €1,154
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 | €55,128 | €90,601 | +€35,473 | +64.3% |
| Fixed assets | 21/28 | €2,012 | €2,552 | +€541 | +26.9% |
| Tangible fixed assets | 22/27 | €2,012 | €2,552 | +€541 | +26.9% |
| Plant, machinery and equipment | 23 | - | €1,628 | +€1,628 | |
| Furniture and vehicles | 24 | €2,012 | €924 | -€1,088 | -54.1% |
| Current assets | 29/58 | €53,117 | €88,049 | +€34,932 | +65.8% |
| Stocks and contracts in progress | 3 | €3,075 | €3,750 | +€675 | +22.0% |
| Stocks | 30/36 | €3,075 | €3,750 | +€675 | +22.0% |
| Amounts receivable within one year | 40/41 | €36,742 | €27,862 | -€8,880 | -24.2% |
| Trade receivables | 40 | €29,927 | €27,862 | -€2,065 | -6.9% |
| Other amounts receivable | 41 | €6,815 | €0 | -€6,815 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,287 | €32,012 | +€22,725 | +244.7% |
| Deferred charges and accrued income | 490/1 | €4,012 | €24,425 | +€20,413 | +508.8% |
| Total equity and liabilities | 10/49 | €55,128 | €90,601 | +€35,473 | +64.3% |
| Equity | 10/15 | €34,612 | €37,973 | +€3,361 | +9.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,612 | €33,973 | +€3,361 | +11.0% |
| Distributable reserves | 133 | €30,612 | €33,973 | +€3,361 | +11.0% |
| Amounts payable | 17/49 | €20,517 | €52,628 | +€32,112 | +156.5% |
| Amounts payable within one year | 42/48 | €20,517 | €52,628 | +€32,112 | +156.5% |
| Trade debts | 44 | €461 | €10,967 | +€10,505 | +2277.2% |
| Suppliers | 440/4 | €461 | €10,967 | +€10,505 | +2277.2% |
| Taxes, remuneration and social security | 45 | €20,055 | €21,368 | +€1,313 | +6.5% |
| Taxes | 450/3 | €17,030 | €18,343 | +€1,313 | +7.7% |
| Remuneration and social security | 454/9 | €3,025 | €3,025 | = | 0.0% |
| Other amounts payable | 47/48 | - | €20,293 | +€20,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €1,154 | +€522 | +82.6% |
| Other operating charges | 640/8 | €2,094 | €11,454 | +€9,360 | +446.9% |
| Non-recurring operating charges | 66A | - | €1,661 | +€1,661 | |
| Gross operating margin | 9900 | €43,577 | €23,035 | -€20,541 | -47.1% |
| Operating profit (loss) | 9901 | €40,850 | €8,765 | -€32,084 | -78.5% |
| Financial income | 75/76B | €142 | €0 | -€142 | -100.0% |
| Recurring financial income | 75 | €142 | €0 | -€142 | -100.0% |
| Financial charges | 65/66B | €11 | €121 | +€110 | +1001.9% |
| Recurring financial charges | 65 | €11 | €121 | +€110 | +1001.9% |
| Profit (loss) for the period before taxes | 9903 | €40,981 | €8,644 | -€32,337 | -78.9% |
| Income taxes | 67/77 | €10,369 | €5,283 | -€5,086 | -49.1% |
| Profit (loss) for the period | 9904 | €30,612 | €3,361 | -€27,250 | -89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,612 | €3,361 | -€27,250 | -89.0% |
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 9 October 2026 via checked.be.