Zebanza: 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.
Zebanza
Largest movements
- Receivables within one year +€80,058
up €80,058 (+1,431%), from €5,593 to €85,650
of which Trade receivables: +€85,650
- Intangible fixed assets +€7,302
new in 2025: €7,302
- Tangible fixed assets +€4,297
new in 2025: €4,297
- Deferred charges and accrued income +€3,259
new in 2025: €3,259
- Cash +€2,280
up €2,280 (+41.1%), from €5,551 to €7,831
mainly Other debts (+€149,242) and Trade debts (+€38,904)
- Other debts +€149,242
up €149,242 (+12.7%), from €1.2m to €1.3m
- Profit (loss) carried forward -€125,019
down €125,019 (-10.0%), from -€1.3m to -€1.4m
- Trade debts +€38,904
up €38,904 (+201%), from €19,344 to €58,248
- Tax, wage and social debts +€34,068
new in 2025: €34,068
of which Remuneration and social security: +€31,227
- Turnover +€552,376
new in 2025: €552,376
- Purchases and services +€303,282
up €303,282 (+3,364%), from €9,014 to €312,296
- Staff costs +€297,976
new in 2025: €297,976
- Gross operating margin +€255,576
up €255,576, from -€9,014 to €246,562
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 | €11,144 | €108,339 | +€97,195 | +872% |
| Fixed assets | 21/28 | - | €11,599 | +€11,599 | |
| Intangible fixed assets | 21 | - | €7,302 | +€7,302 | |
| Tangible fixed assets | 22/27 | - | €4,297 | +€4,297 | |
| Plant, machinery and equipment | 23 | - | €4,297 | +€4,297 | |
| Current assets | 29/58 | €11,144 | €96,740 | +€85,596 | +768% |
| Amounts receivable within one year | 40/41 | €5,593 | €85,650 | +€80,058 | +1,431% |
| Trade receivables | 40 | - | €85,650 | +€85,650 | |
| Other amounts receivable | 41 | €5,593 | - | -€5,593 | |
| Cash at bank and in hand | 54/58 | €5,551 | €7,831 | +€2,280 | +41.1% |
| Deferred charges and accrued income | 490/1 | - | €3,259 | +€3,259 | |
| Total equity and liabilities | 10/49 | €11,144 | €108,339 | +€97,195 | +872% |
| Equity | 10/15 | -€1,182,951 | -€1,307,970 | -€125,019 | -10.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,251,151 | -€1,376,170 | -€125,019 | -10.0% |
| Amounts payable | 17/49 | €1,194,095 | €1,416,309 | +€222,214 | +18.6% |
| Amounts payable within one year | 42/48 | €1,194,095 | €1,416,309 | +€222,214 | +18.6% |
| Trade debts | 44 | €19,344 | €58,248 | +€38,904 | +201% |
| Suppliers | 440/4 | €19,344 | €58,248 | +€38,904 | +201% |
| Taxes, remuneration and social security | 45 | - | €34,068 | +€34,068 | |
| Taxes | 450/3 | - | €2,840 | +€2,840 | |
| Remuneration and social security | 454/9 | - | €31,227 | +€31,227 | |
| Other amounts payable | 47/48 | €1,174,751 | €1,323,993 | +€149,242 | +12.7% |
| Turnover | 70 | - | €552,376 | +€552,376 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,014 | €312,296 | +€303,282 | +3,364% |
| Remuneration, social security and pensions | 62 | - | €297,976 | +€297,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,342 | +€5,342 | |
| Other operating charges | 640/8 | €1,465 | €1,948 | +€483 | +33.0% |
| Gross operating margin | 9900 | -€9,014 | €246,562 | +€255,576 | |
| Operating profit (loss) | 9901 | -€10,479 | -€58,704 | -€48,225 | -460% |
| Financial charges | 65/66B | €61,235 | €65,706 | +€4,471 | +7.3% |
| Recurring financial charges | 65 | €61,235 | €65,706 | +€4,471 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€71,714 | -€124,410 | -€52,696 | -73.5% |
| Income taxes | 67/77 | - | €609 | +€609 | |
| Profit (loss) for the period | 9904 | -€71,714 | -€125,019 | -€53,305 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,714 | -€125,019 | -€53,305 | -74.3% |
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 15 October 2026 via checked.be.