ZAZA NET: 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 NET
Largest movements
- Receivables within one year -€100,496
down €100,496 (-7.9%), from €1.3m to €1.2m
of which Trade receivables: -€90,637
- Deferred charges and accrued income -€13,501
down €13,501 (-48.3%), from €27,973 to €14,472
- Trade debts -€54,282
down €54,282 (-27.8%), from €195,456 to €141,174
- Tax, wage and social debts -€38,372
down €38,372 (-35.5%), from €108,058 to €69,686
of which Remuneration and social security: -€47,478
- Profit (loss) carried forward -€26,856
down €26,856 (-2.7%), from €1.0m to €982,838
- Gross operating margin -€537,398
down €537,398 (-62.2%), from €863,615 to €326,217
- Staff costs -€481,359
down €481,359 (-57.9%), from €831,684 to €350,325
- Depreciation -€10,504
down €10,504 (-88.4%), from €11,876 to €1,372
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 | €1,321,408 | €1,201,898 | -€119,510 | -9.0% |
| Fixed assets | 21/28 | €2,572 | €1,200 | -€1,372 | -53.3% |
| Tangible fixed assets | 22/27 | €1,372 | - | -€1,372 | |
| Plant, machinery and equipment | 23 | €1,372 | - | -€1,372 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €1,318,836 | €1,200,698 | -€118,138 | -9.0% |
| Amounts receivable within one year | 40/41 | €1,280,167 | €1,179,671 | -€100,496 | -7.9% |
| Trade receivables | 40 | €502,041 | €411,404 | -€90,637 | -18.1% |
| Other amounts receivable | 41 | €778,126 | €768,267 | -€9,859 | -1.3% |
| Cash at bank and in hand | 54/58 | €10,696 | €6,555 | -€4,141 | -38.7% |
| Deferred charges and accrued income | 490/1 | €27,973 | €14,472 | -€13,501 | -48.3% |
| Total equity and liabilities | 10/49 | €1,321,408 | €1,201,898 | -€119,510 | -9.0% |
| Equity | 10/15 | €1,017,894 | €991,038 | -€26,856 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | - | €2,000 | +€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €1,009,694 | €982,838 | -€26,856 | -2.7% |
| Amounts payable | 17/49 | €303,514 | €210,860 | -€92,654 | -30.5% |
| Amounts payable within one year | 42/48 | €303,514 | €210,860 | -€92,654 | -30.5% |
| Trade debts | 44 | €195,456 | €141,174 | -€54,282 | -27.8% |
| Suppliers | 440/4 | €195,456 | €141,174 | -€54,282 | -27.8% |
| Taxes, remuneration and social security | 45 | €108,058 | €69,686 | -€38,372 | -35.5% |
| Taxes | 450/3 | €40,272 | €49,378 | +€9,106 | +22.6% |
| Remuneration and social security | 454/9 | €67,786 | €20,308 | -€47,478 | -70.0% |
| Remuneration, social security and pensions | 62 | €831,684 | €350,325 | -€481,359 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,876 | €1,372 | -€10,504 | -88.4% |
| Other operating charges | 640/8 | €7,328 | €1,402 | -€5,926 | -80.9% |
| Gross operating margin | 9900 | €863,615 | €326,217 | -€537,398 | -62.2% |
| Operating profit (loss) | 9901 | €12,727 | -€26,882 | -€39,609 | |
| Financial income | 75/76B | €8,470 | €7,561 | -€909 | -10.7% |
| Recurring financial income | 75 | €1 | €7,561 | +€7,560 | +756,000% |
| Non-recurring financial income | 76B | €8,469 | €7,561 | -€908 | -10.7% |
| Financial charges | 65/66B | €802 | €381 | -€421 | -52.5% |
| Recurring financial charges | 65 | €802 | €381 | -€421 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €20,395 | -€19,702 | -€40,097 | |
| Income taxes | 67/77 | €3,935 | €7,154 | +€3,219 | +81.8% |
| Profit (loss) for the period | 9904 | €16,460 | -€26,856 | -€43,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,460 | -€26,856 | -€43,316 |
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 22 October 2026 via checked.be.