ZAYED INDIGO: 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.
ZAYED INDIGO
Largest movements
- Cash -€39,310
down €39,310 (-29.5%), from €133,150 to €93,840
mainly Other debts (-€20,969) and Receivables within one year (-€14,960)
- Receivables within one year +€14,960
up €14,960 (+32.5%), from €45,984 to €60,944
- Other debts -€20,969
down €20,969 (-28.6%), from €73,397 to €52,428
- Profit (loss) carried forward -€9,234
down €9,234 (-826.7%), from -€1,117 to -€10,351
- Trade debts +€6,299
up €6,299 (+8.1%), from €77,702 to €84,001
- Tax, wage and social debts -€5,491
down €5,491 (-51.1%), from €10,753 to €5,262
- Accrued charges and deferred income +€5,045
up €5,045 (+77.3%), from €6,524 to €11,569
- Gross operating margin -€26,789
down €26,789, from €22,944 to -€3,845
- Financial charges -€7,312
down €7,312 (-58.8%), from €12,431 to €5,119
of which Non-recurring financial charges: -€9,060
- Taxes -€5,444
no longer reported in 2025 (was €5,444)
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 | €251,634 | €227,284 | -€24,350 | -9.7% |
| Current assets | 29/58 | €251,634 | €227,284 | -€24,350 | -9.7% |
| Stocks and contracts in progress | 3 | €72,500 | €72,500 | = | 0.0% |
| Contracts in progress | 37 | €72,500 | €72,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,984 | €60,944 | +€14,960 | +32.5% |
| Trade receivables | 40 | €45,984 | €60,944 | +€14,960 | +32.5% |
| Cash at bank and in hand | 54/58 | €133,150 | €93,840 | -€39,310 | -29.5% |
| Total equity and liabilities | 10/49 | €251,634 | €227,284 | -€24,350 | -9.7% |
| Equity | 10/15 | €83,258 | €74,024 | -€9,234 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €65,775 | €65,775 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €63,915 | €63,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,117 | -€10,351 | -€9,234 | -826.7% |
| Amounts payable | 17/49 | €168,376 | €153,260 | -€15,116 | -9.0% |
| Amounts payable within one year | 42/48 | €161,852 | €141,691 | -€20,161 | -12.5% |
| Trade debts | 44 | €77,702 | €84,001 | +€6,299 | +8.1% |
| Suppliers | 440/4 | €77,702 | €84,001 | +€6,299 | +8.1% |
| Taxes, remuneration and social security | 45 | €10,753 | €5,262 | -€5,491 | -51.1% |
| Taxes | 450/3 | €10,753 | €5,262 | -€5,491 | -51.1% |
| Other amounts payable | 47/48 | €73,397 | €52,428 | -€20,969 | -28.6% |
| Accrued charges and deferred income | 492/3 | €6,524 | €11,569 | +€5,045 | +77.3% |
| Other operating charges | 640/8 | €516 | €650 | +€134 | +26.0% |
| Gross operating margin | 9900 | €22,944 | -€3,845 | -€26,789 | |
| Operating profit (loss) | 9901 | €22,428 | -€4,495 | -€26,923 | |
| Financial income | 75/76B | €343 | €380 | +€37 | +10.8% |
| Recurring financial income | 75 | €343 | €380 | +€37 | +10.8% |
| Financial charges | 65/66B | €12,431 | €5,119 | -€7,312 | -58.8% |
| Recurring financial charges | 65 | €3,371 | €5,119 | +€1,748 | +51.9% |
| Non-recurring financial charges | 66B | €9,060 | - | -€9,060 | |
| Profit (loss) for the period before taxes | 9903 | €10,340 | -€9,234 | -€19,574 | |
| Income taxes | 67/77 | €5,444 | - | -€5,444 | |
| Profit (loss) for the period | 9904 | €4,896 | -€9,234 | -€14,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,896 | -€9,234 | -€14,130 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.