ZAZA FAIK: what changed
ZAZA FAIK
Largest movements
- Receivables within one year -€50,146
down €50,146 (-57.8%), from €86,739 to €36,593
of which Trade receivables: -€65,594
- Tangible fixed assets -€20,869
down €20,869 (-31.6%), from €66,076 to €45,208
of which Plant, machinery and equipment: -€10,504
- Cash -€18,710
down €18,710 (-35.7%), from €52,467 to €33,757
mainly Trade debts (-€56,125) and Tax, wage and social debts (-€27,786)
- Stocks and contracts -€4,196
down €4,196 (-39.8%), from €10,546 to €6,350
- Trade debts -€56,125
down €56,125 (-38.0%), from €147,663 to €91,538
- Tax, wage and social debts -€27,786
down €27,786 (-81.7%), from €34,026 to €6,240
of which Taxes: -€30,478
- Debts after one year -€12,091
down €12,091 (-66.2%), from €18,271 to €6,180
- Gross operating margin +€29,148
up €29,148 (+62.8%), from €46,406 to €75,553
- Other operating charges -€22,243
down €22,243 (-81.6%), from €27,261 to €5,018
- Staff costs -€3,125
down €3,125 (-7.5%), from €41,923 to €38,798
- Depreciation +€2,787
up €2,787 (+11.4%), from €24,348 to €27,135
- Financial charges -€1,198
down €1,198 (-34.5%), from €3,477 to €2,279
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,014 | €122,492 | -€93,521 | -43.3% |
| Fixed assets | 21/28 | €66,261 | €45,793 | -€20,469 | -30.9% |
| Tangible fixed assets | 22/27 | €66,076 | €45,208 | -€20,869 | -31.6% |
| Plant, machinery and equipment | 23 | €31,675 | €21,171 | -€10,504 | -33.2% |
| Furniture and vehicles | 24 | €34,402 | €24,037 | -€10,365 | -30.1% |
| Financial fixed assets | 28 | €185 | €585 | +€400 | +216% |
| Current assets | 29/58 | €149,752 | €76,700 | -€73,053 | -48.8% |
| Stocks and contracts in progress | 3 | €10,546 | €6,350 | -€4,196 | -39.8% |
| Stocks | 30/36 | €10,546 | €6,350 | -€4,196 | -39.8% |
| Amounts receivable within one year | 40/41 | €86,739 | €36,593 | -€50,146 | -57.8% |
| Trade receivables | 40 | €75,113 | €9,519 | -€65,594 | -87.3% |
| Other amounts receivable | 41 | €11,626 | €27,074 | +€15,447 | +133% |
| Cash at bank and in hand | 54/58 | €52,467 | €33,757 | -€18,710 | -35.7% |
| Total equity and liabilities | 10/49 | €216,014 | €122,492 | -€93,521 | -43.3% |
| Equity | 10/15 | €4,313 | €6,443 | +€2,130 | +49.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,287 | -€12,157 | +€2,130 | +14.9% |
| Amounts payable | 17/49 | €211,701 | €116,049 | -€95,652 | -45.2% |
| Amounts payable after more than one year | 17 | €18,271 | €6,180 | -€12,091 | -66.2% |
| Financial debts | 170/4 | €18,271 | €6,180 | -€12,091 | -66.2% |
| Amounts payable within one year | 42/48 | €193,430 | €109,869 | -€83,561 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €11,741 | €12,091 | +€350 | +3.0% |
| Trade debts | 44 | €147,663 | €91,538 | -€56,125 | -38.0% |
| Suppliers | 440/4 | €147,663 | €91,538 | -€56,125 | -38.0% |
| Taxes, remuneration and social security | 45 | €34,026 | €6,240 | -€27,786 | -81.7% |
| Taxes | 450/3 | €30,910 | €432 | -€30,478 | -98.6% |
| Remuneration and social security | 454/9 | €3,116 | €5,808 | +€2,692 | +86.4% |
| Remuneration, social security and pensions | 62 | €41,923 | €38,798 | -€3,125 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,348 | €27,135 | +€2,787 | +11.4% |
| Other operating charges | 640/8 | €27,261 | €5,018 | -€22,243 | -81.6% |
| Gross operating margin | 9900 | €46,406 | €75,553 | +€29,148 | +62.8% |
| Operating profit (loss) | 9901 | -€47,126 | €4,602 | +€51,727 | |
| Financial income | 75/76B | €1 | €13 | +€13 | +1,757% |
| Recurring financial income | 75 | €1 | €13 | +€13 | +1,757% |
| Financial charges | 65/66B | €3,477 | €2,279 | -€1,198 | -34.5% |
| Recurring financial charges | 65 | €3,477 | €2,279 | -€1,198 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,602 | €2,336 | +€52,938 | |
| Income taxes | 67/77 | €226 | €206 | -€21 | -9.2% |
| Profit (loss) for the period | 9904 | -€50,829 | €2,130 | +€52,959 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,829 | €2,130 | +€52,959 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.