ZAYEBISTA: 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.
ZAYEBISTA
Largest movements
- Cash -€40,744
down €40,744 (-22.9%), from €177,915 to €137,171
mainly Investment in fixed assets (net) (-€41,770) and Debts after one year (-€28,505)
- Current investments +€13,480
up €13,480, from €0 to €13,480
- Debts after one year -€28,505
down €28,505 (-20.0%), from €142,688 to €114,182
of which Financial debts: -€28,505
- Reserves +€17,986
up €17,986 (+5.1%), from €350,716 to €368,702
of which Distributable reserves: +€17,986
- Other debts -€16,382
down €16,382 (-71.4%), from €22,950 to €6,568
- Gross operating margin +€17,921
up €17,921 (+19.3%), from €92,614 to €110,535
- Depreciation +€15,217
up €15,217 (+62.3%), from €24,429 to €39,645
- Financial income -€2,725
down €2,725 (-100.0%), from €2,725 to €0
- Taxes +€1,573
up €1,573 (+9.2%), from €17,018 to €18,591
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 | €559,680 | €531,796 | -€27,884 | -5.0% |
| Fixed assets | 21/28 | €359,560 | €361,685 | +€2,125 | +0.6% |
| Tangible fixed assets | 22/27 | €357,505 | €359,630 | +€2,125 | +0.6% |
| Land and buildings | 22 | €250,988 | €241,329 | -€9,660 | -3.8% |
| Plant, machinery and equipment | 23 | €2,430 | €1,897 | -€533 | -21.9% |
| Furniture and vehicles | 24 | €95,944 | €108,262 | +€12,318 | +12.8% |
| Other tangible fixed assets | 26 | €8,143 | €8,143 | = | 0.0% |
| Financial fixed assets | 28 | €2,055 | €2,055 | = | 0.0% |
| Current assets | 29/58 | €200,120 | €170,111 | -€30,009 | -15.0% |
| Amounts receivable within one year | 40/41 | €17,654 | €14,869 | -€2,785 | -15.8% |
| Trade receivables | 40 | €16,462 | €13,755 | -€2,707 | -16.4% |
| Other amounts receivable | 41 | €1,192 | €1,114 | -€78 | -6.5% |
| Current investments | 50/53 | €0 | €13,480 | +€13,480 | |
| Cash at bank and in hand | 54/58 | €177,915 | €137,171 | -€40,744 | -22.9% |
| Deferred charges and accrued income | 490/1 | €4,550 | €4,591 | +€41 | +0.9% |
| Total equity and liabilities | 10/49 | €559,680 | €531,796 | -€27,884 | -5.0% |
| Equity | 10/15 | €356,916 | €374,902 | +€17,986 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €350,716 | €368,702 | +€17,986 | +5.1% |
| Tax-exempt reserves | 132 | €205 | €205 | = | 0.0% |
| Distributable reserves | 133 | €350,511 | €368,497 | +€17,986 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,764 | €156,894 | -€45,870 | -22.6% |
| Amounts payable after more than one year | 17 | €142,688 | €114,182 | -€28,505 | -20.0% |
| Financial debts | 170/4 | €140,633 | €112,127 | -€28,505 | -20.3% |
| Other amounts payable | 178/9 | €2,055 | €2,055 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,008 | €41,611 | -€17,397 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €27,841 | €28,505 | +€664 | +2.4% |
| Trade debts | 44 | €2,667 | €447 | -€2,220 | -83.2% |
| Suppliers | 440/4 | €2,667 | €447 | -€2,220 | -83.2% |
| Taxes, remuneration and social security | 45 | €5,551 | €6,091 | +€540 | +9.7% |
| Taxes | 450/3 | €5,442 | €6,091 | +€649 | +11.9% |
| Remuneration and social security | 454/9 | €109 | €0 | -€109 | -100% |
| Other amounts payable | 47/48 | €22,950 | €6,568 | -€16,382 | -71.4% |
| Accrued charges and deferred income | 492/3 | €1,068 | €1,101 | +€33 | +3.1% |
| Non-recurring operating income | 76A | €16,352 | €0 | -€16,352 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,429 | €39,645 | +€15,217 | +62.3% |
| Other operating charges | 640/8 | €2,839 | €2,057 | -€782 | -27.5% |
| Gross operating margin | 9900 | €92,614 | €110,535 | +€17,921 | +19.3% |
| Operating profit (loss) | 9901 | €65,346 | €68,832 | +€3,486 | +5.3% |
| Financial income | 75/76B | €2,725 | €0 | -€2,725 | -100.0% |
| Recurring financial income | 75 | €2,725 | €0 | -€2,725 | -100.0% |
| Financial charges | 65/66B | €4,550 | €5,024 | +€474 | +10.4% |
| Recurring financial charges | 65 | €4,550 | €5,024 | +€474 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €63,521 | €63,808 | +€287 | +0.5% |
| Income taxes | 67/77 | €17,018 | €18,591 | +€1,573 | +9.2% |
| Profit (loss) for the period | 9904 | €46,503 | €45,217 | -€1,286 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,503 | €45,217 | -€1,286 | -2.8% |
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 17 October 2026 via checked.be.