ZAYTOUNA: 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.
ZAYTOUNA
Largest movements
- Cash +€15,205
up €15,205 (+179%), from €8,489 to €23,694
mainly Net result for the year (+€110,361) and Depreciation (+€15,776)
- Receivables within one year +€7,608
up €7,608 (+5.2%), from €147,495 to €155,103
of which Other amounts receivable: +€4,054
- Tangible fixed assets -€3,243
down €3,243 (-10.5%), from €30,843 to €27,600
of which Leasing and similar rights: -€10,560
- Stocks and contracts +€2,500
up €2,500 (+26.9%), from €9,303 to €11,803
- Profit (loss) carried forward +€110,361
up €110,361 (+200%), from €55,157 to €165,518
- Other debts -€45,681
no longer reported in 2025 (was €45,681)
- Tax, wage and social debts -€23,610
down €23,610 (-35.8%), from €65,993 to €42,383
of which Taxes: -€17,873
- Debts after one year -€11,741
down €11,741 (-92.1%), from €12,750 to €1,009
- Trade debts -€7,955
down €7,955 (-79.6%), from €9,993 to €2,038
- Taxes -€55,238
down €55,238, from €42,050 to -€13,188
- Gross operating margin -€22,518
down €22,518 (-7.5%), from €299,123 to €276,605
- Other operating charges -€3,548
down €3,548 (-53.6%), from €6,624 to €3,075
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 | €200,664 | €222,690 | +€22,026 | +11.0% |
| Fixed assets | 21/28 | €35,333 | €32,090 | -€3,243 | -9.2% |
| Tangible fixed assets | 22/27 | €30,843 | €27,600 | -€3,243 | -10.5% |
| Plant, machinery and equipment | 23 | €8,997 | €15,300 | +€6,303 | +70.1% |
| Furniture and vehicles | 24 | €725 | €1,740 | +€1,015 | +140% |
| Leasing and similar rights | 25 | €21,120 | €10,560 | -€10,560 | -50.0% |
| Financial fixed assets | 28 | €4,490 | €4,490 | = | 0.0% |
| Current assets | 29/58 | €165,332 | €190,600 | +€25,268 | +15.3% |
| Stocks and contracts in progress | 3 | €9,303 | €11,803 | +€2,500 | +26.9% |
| Stocks | 30/36 | €9,303 | €11,803 | +€2,500 | +26.9% |
| Amounts receivable within one year | 40/41 | €147,495 | €155,103 | +€7,608 | +5.2% |
| Trade receivables | 40 | €1,104 | €4,658 | +€3,554 | +322% |
| Other amounts receivable | 41 | €146,391 | €150,444 | +€4,054 | +2.8% |
| Cash at bank and in hand | 54/58 | €8,489 | €23,694 | +€15,205 | +179% |
| Deferred charges and accrued income | 490/1 | €45 | - | -€45 | |
| Total equity and liabilities | 10/49 | €200,664 | €222,690 | +€22,026 | +11.0% |
| Equity | 10/15 | €55,157 | €165,518 | +€110,361 | +200% |
| Profit (loss) carried forward | 14 | €55,157 | €165,518 | +€110,361 | +200% |
| Amounts payable | 17/49 | €145,508 | €57,172 | -€88,336 | -60.7% |
| Amounts payable after more than one year | 17 | €12,750 | €1,009 | -€11,741 | -92.1% |
| Financial debts | 170/4 | €12,750 | €1,009 | -€11,741 | -92.1% |
| Amounts payable within one year | 42/48 | €132,757 | €56,163 | -€76,594 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €11,090 | €11,741 | +€651 | +5.9% |
| Trade debts | 44 | €9,993 | €2,038 | -€7,955 | -79.6% |
| Suppliers | 440/4 | €9,993 | €2,038 | -€7,955 | -79.6% |
| Taxes, remuneration and social security | 45 | €65,993 | €42,383 | -€23,610 | -35.8% |
| Taxes | 450/3 | €35,279 | €17,406 | -€17,873 | -50.7% |
| Remuneration and social security | 454/9 | €30,714 | €24,977 | -€5,737 | -18.7% |
| Other amounts payable | 47/48 | €45,681 | - | -€45,681 | |
| Remuneration, social security and pensions | 62 | €157,833 | €160,437 | +€2,604 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,025 | €15,776 | +€1,751 | +12.5% |
| Other operating charges | 640/8 | €6,624 | €3,075 | -€3,548 | -53.6% |
| Gross operating margin | 9900 | €299,123 | €276,605 | -€22,518 | -7.5% |
| Operating profit (loss) | 9901 | €120,642 | €97,317 | -€23,324 | -19.3% |
| Financial income | 75/76B | - | €1,001 | +€1,001 | |
| Recurring financial income | 75 | - | €276 | +€276 | |
| Non-recurring financial income | 76B | - | €725 | +€725 | |
| Financial charges | 65/66B | €1,994 | €1,145 | -€849 | -42.6% |
| Recurring financial charges | 65 | €1,994 | €1,145 | -€849 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €118,647 | €97,173 | -€21,474 | -18.1% |
| Income taxes | 67/77 | €42,050 | -€13,188 | -€55,238 | |
| Profit (loss) for the period | 9904 | €76,598 | €110,361 | +€33,764 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,598 | €110,361 | +€33,764 | +44.1% |
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.