ZDALI: 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.
ZDALI
Largest movements
- Tangible fixed assets +€53,303
up €53,303 (+51.5%), from €103,438 to €156,741
of which Leasing and similar rights: +€59,330
- Cash +€13,176
up €13,176 (+134%), from €9,839 to €23,015
mainly Depreciation (+€45,697) and Debts after one year (+€37,173)
- Debts after one year +€37,173
up €37,173 (+57.9%), from €64,245 to €101,417
- Current portion of long-term debt +€17,965
up €17,965 (+66.0%), from €27,231 to €45,195
- Profit (loss) carried forward +€8,735
up €8,735 (+39.7%), from €21,991 to €30,725
- Other debts +€4,755
up €4,755 (+55.3%), from €8,602 to €13,357
- Tax, wage and social debts -€2,372
down €2,372 (-14.1%), from €16,822 to €14,450
of which Taxes: -€2,478
- Staff costs +€48,000
up €48,000 (+93.9%), from €51,127 to €99,127
- Gross operating margin +€30,577
up €30,577 (+18.4%), from €166,301 to €196,877
- Other operating charges -€23,867
down €23,867 (-49.9%), from €47,840 to €23,972
- Depreciation +€18,007
up €18,007 (+65.0%), from €27,690 to €45,697
- Taxes -€3,577
down €3,577 (-38.7%), from €9,239 to €5,662
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 | €156,301 | €222,227 | +€65,926 | +42.2% |
| Fixed assets | 21/28 | €103,438 | €156,741 | +€53,303 | +51.5% |
| Tangible fixed assets | 22/27 | €103,438 | €156,741 | +€53,303 | +51.5% |
| Furniture and vehicles | 24 | €23,958 | €17,931 | -€6,027 | -25.2% |
| Leasing and similar rights | 25 | €79,480 | €138,810 | +€59,330 | +74.6% |
| Current assets | 29/58 | €52,863 | €65,486 | +€12,623 | +23.9% |
| Amounts receivable within one year | 40/41 | €42,592 | €42,471 | -€120 | -0.3% |
| Trade receivables | 40 | €33,361 | €38,387 | +€5,026 | +15.1% |
| Other amounts receivable | 41 | €9,231 | €4,084 | -€5,147 | -55.8% |
| Cash at bank and in hand | 54/58 | €9,839 | €23,015 | +€13,176 | +134% |
| Deferred charges and accrued income | 490/1 | €433 | - | -€433 | |
| Total equity and liabilities | 10/49 | €156,301 | €222,227 | +€65,926 | +42.2% |
| Equity | 10/15 | €26,991 | €35,725 | +€8,735 | +32.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,991 | €30,725 | +€8,735 | +39.7% |
| Amounts payable | 17/49 | €129,310 | €186,501 | +€57,191 | +44.2% |
| Amounts payable after more than one year | 17 | €64,245 | €101,417 | +€37,173 | +57.9% |
| Financial debts | 170/4 | €64,245 | €101,417 | +€37,173 | +57.9% |
| Amounts payable within one year | 42/48 | €65,066 | €85,084 | +€20,019 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €27,231 | €45,195 | +€17,965 | +66.0% |
| Trade debts | 44 | €12,411 | €12,082 | -€329 | -2.7% |
| Suppliers | 440/4 | €12,411 | €12,082 | -€329 | -2.7% |
| Taxes, remuneration and social security | 45 | €16,822 | €14,450 | -€2,372 | -14.1% |
| Taxes | 450/3 | €11,189 | €8,711 | -€2,478 | -22.1% |
| Remuneration and social security | 454/9 | €5,632 | €5,739 | +€107 | +1.9% |
| Other amounts payable | 47/48 | €8,602 | €13,357 | +€4,755 | +55.3% |
| Remuneration, social security and pensions | 62 | €51,127 | €99,127 | +€48,000 | +93.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,690 | €45,697 | +€18,007 | +65.0% |
| Other operating charges | 640/8 | €47,840 | €23,972 | -€23,867 | -49.9% |
| Non-recurring operating charges | 66A | - | €6,481 | +€6,481 | |
| Gross operating margin | 9900 | €166,301 | €196,877 | +€30,577 | +18.4% |
| Operating profit (loss) | 9901 | €39,644 | €21,600 | -€18,044 | -45.5% |
| Financial charges | 65/66B | €8,414 | €7,203 | -€1,211 | -14.4% |
| Recurring financial charges | 65 | €8,414 | €7,203 | -€1,211 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €31,230 | €14,397 | -€16,833 | -53.9% |
| Income taxes | 67/77 | €9,239 | €5,662 | -€3,577 | -38.7% |
| Profit (loss) for the period | 9904 | €21,991 | €8,735 | -€13,256 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,991 | €8,735 | -€13,256 | -60.3% |
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 17 October 2026 via checked.be.