ZAZINA: 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.
ZAZINA
Largest movements
- Cash -€214,466
down €214,466 (-32.2%), from €666,809 to €452,343
mainly Net result for the year (-€917,972) and Trade debts (-€32,431)
- Deferred charges and accrued income +€31,888
up €31,888 (+14.4%), from €220,852 to €252,739
- Profit (loss) carried forward -€917,972
down €917,972 (-5.8%), from -€15.7m to -€16.6m
- Contributions +€767,647
up €767,647 (+4.6%), from €16.6m to €17.3m
- Trade debts -€32,431
no longer reported in 2025 (was €32,431)
No income-statement line moved by more than 1% of the activity.
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 | €887,661 | €705,082 | -€182,579 | -20.6% |
| Current assets | 29/58 | €887,661 | €705,082 | -€182,579 | -20.6% |
| Cash at bank and in hand | 54/58 | €666,809 | €452,343 | -€214,466 | -32.2% |
| Deferred charges and accrued income | 490/1 | €220,852 | €252,739 | +€31,888 | +14.4% |
| Total equity and liabilities | 10/49 | €887,661 | €705,082 | -€182,579 | -20.6% |
| Equity | 10/15 | €855,229 | €704,905 | -€150,325 | -17.6% |
| Contributions | 10/11 | €16,553,059 | €17,320,706 | +€767,647 | +4.6% |
| Capital | 10 | €16,553,059 | €17,320,706 | +€767,647 | +4.6% |
| Profit (loss) carried forward | 14 | -€15,697,830 | -€16,615,801 | -€917,972 | -5.8% |
| Amounts payable | 17/49 | €32,431 | €177 | -€32,254 | -99.5% |
| Amounts payable within one year | 42/48 | €32,431 | - | -€32,431 | |
| Trade debts | 44 | €32,431 | - | -€32,431 | |
| Suppliers | 440/4 | €32,431 | - | -€32,431 | |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Gross operating margin | 9900 | -€915,005 | -€917,414 | -€2,409 | -0.3% |
| Operating profit (loss) | 9901 | -€915,005 | -€917,414 | -€2,409 | -0.3% |
| Financial charges | 65/66B | €208 | €301 | +€94 | +45.0% |
| Recurring financial charges | 65 | €208 | €301 | +€94 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | -€915,213 | -€917,715 | -€2,503 | -0.3% |
| Income taxes | 67/77 | €421 | €256 | -€165 | -39.2% |
| Profit (loss) for the period | 9904 | -€915,634 | -€917,972 | -€2,338 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€915,634 | -€917,972 | -€2,338 | -0.3% |
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 21 October 2026 via checked.be.