ZAZA: 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.
ZAZA
Largest movements
- Receivables within one year +€5,697
up €5,697 (+14.6%), from €39,132 to €44,828
of which Other amounts receivable: +€4,697
- Tangible fixed assets -€1,600
down €1,600 (-26.7%), from €5,992 to €4,392
- Cash -€537
no longer reported in 2025 (was €537)
mainly Receivables within one year (-€5,697) and Accrued charges and deferred income (-€804)
- Deferred charges and accrued income +€529
new in 2025: €529
- Reserves +€3,855
up €3,855 (+13.9%), from €27,787 to €31,642
- Tax, wage and social debts +€1,346
up €1,346 (+34.2%), from €3,939 to €5,285
of which Taxes: +€1,346
- Accrued charges and deferred income -€804
no longer reported in 2025 (was €804)
- Gross operating margin -€1,618
down €1,618 (-18.1%), from €8,962 to €7,344
- Financial income -€1,096
no longer reported in 2025 (was €1,096)
- Taxes -€592
down €592 (-30.6%), from €1,939 to €1,346
- Other operating charges -€288
down €288 (-46.0%), from €626 to €338
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 | €45,661 | €49,750 | +€4,089 | +9.0% |
| Fixed assets | 21/28 | €5,992 | €4,392 | -€1,600 | -26.7% |
| Tangible fixed assets | 22/27 | €5,992 | €4,392 | -€1,600 | -26.7% |
| Furniture and vehicles | 24 | €5,992 | €4,392 | -€1,600 | -26.7% |
| Current assets | 29/58 | €39,668 | €45,357 | +€5,689 | +14.3% |
| Amounts receivable within one year | 40/41 | €39,132 | €44,828 | +€5,697 | +14.6% |
| Trade receivables | 40 | €16,333 | €17,333 | +€1,000 | +6.1% |
| Other amounts receivable | 41 | €22,799 | €27,495 | +€4,697 | +20.6% |
| Cash at bank and in hand | 54/58 | €537 | - | -€537 | |
| Deferred charges and accrued income | 490/1 | - | €529 | +€529 | |
| Total equity and liabilities | 10/49 | €45,661 | €49,750 | +€4,089 | +9.0% |
| Equity | 10/15 | €28,987 | €32,842 | +€3,855 | +13.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €27,787 | €31,642 | +€3,855 | +13.9% |
| Distributable reserves | 133 | €27,787 | €31,642 | +€3,855 | +13.9% |
| Amounts payable | 17/49 | €16,674 | €16,908 | +€234 | +1.4% |
| Amounts payable within one year | 42/48 | €15,870 | €16,908 | +€1,038 | +6.5% |
| Financial debts | 43 | - | €25 | +€25 | |
| Credit institutions | 430/8 | - | €25 | +€25 | |
| Trade debts | 44 | €11,931 | €11,598 | -€333 | -2.8% |
| Suppliers | 440/4 | €11,931 | €11,598 | -€333 | -2.8% |
| Taxes, remuneration and social security | 45 | €3,939 | €5,285 | +€1,346 | +34.2% |
| Taxes | 450/3 | €1,939 | €3,285 | +€1,346 | +69.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €804 | - | -€804 | |
| Remuneration, social security and pensions | 62 | - | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €1,600 | = | 0.0% |
| Other operating charges | 640/8 | €626 | €338 | -€288 | -46.0% |
| Gross operating margin | 9900 | €8,962 | €7,344 | -€1,618 | -18.1% |
| Operating profit (loss) | 9901 | €6,736 | €5,349 | -€1,387 | -20.6% |
| Financial income | 75/76B | €1,096 | - | -€1,096 | |
| Recurring financial income | 75 | €1,096 | - | -€1,096 | |
| Financial charges | 65/66B | €206 | €148 | -€58 | -28.1% |
| Recurring financial charges | 65 | €206 | €148 | -€58 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €7,627 | €5,201 | -€2,426 | -31.8% |
| Income taxes | 67/77 | €1,939 | €1,346 | -€592 | -30.6% |
| Profit (loss) for the period | 9904 | €5,688 | €3,855 | -€1,833 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,688 | €3,855 | -€1,833 | -32.2% |
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 23 October 2026 via checked.be.