ZEKI MURAT: 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.
ZEKI MURAT
Largest movements
- Receivables within one year +€5,918
up €5,918 (+87.6%), from €6,757 to €12,674
- Cash +€2,600
new in 2025: €2,600
mainly Other debts (+€40,467) and Net result for the year (+€3,630)
- Financial fixed assets +€1,100
up €1,100 (+632%), from €174 to €1,274
- Tangible fixed assets -€507
down €507 (-22.6%), from €2,241 to €1,734
- Other debts +€40,467
up €40,467 (+40.4%), from €100,262 to €140,729
- Tax, wage and social debts -€18,988
down €18,988 (-89.5%), from €21,218 to €2,230
- Trade debts -€11,287
down €11,287 (-84.3%), from €13,387 to €2,100
- Profit (loss) carried forward +€3,630
up €3,630 (+2.4%), from -€151,790 to -€148,159
- Debts after one year -€2,783
no longer reported in 2025 (was €2,783)
- Gross operating margin +€17,551
up €17,551, from -€5,022 to €12,529
- Staff costs -€6,540
no longer reported in 2025 (was €6,540)
- Other operating charges +€3,271
up €3,271 (+495%), from €661 to €3,932
- Financial charges +€1,813
up €1,813 (+68.5%), from €2,647 to €4,460
- Depreciation +€213
up €213 (+72.6%), from €294 to €507
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 | €9,171 | €18,282 | +€9,111 | +99.3% |
| Fixed assets | 21/28 | €2,415 | €3,008 | +€593 | +24.6% |
| Tangible fixed assets | 22/27 | €2,241 | €1,734 | -€507 | -22.6% |
| Furniture and vehicles | 24 | €2,241 | €1,734 | -€507 | -22.6% |
| Financial fixed assets | 28 | €174 | €1,274 | +€1,100 | +632% |
| Current assets | 29/58 | €6,757 | €15,275 | +€8,518 | +126% |
| Amounts receivable within one year | 40/41 | €6,757 | €12,674 | +€5,918 | +87.6% |
| Trade receivables | 40 | €6,757 | €12,674 | +€5,918 | +87.6% |
| Cash at bank and in hand | 54/58 | - | €2,600 | +€2,600 | |
| Total equity and liabilities | 10/49 | €9,171 | €18,282 | +€9,111 | +99.3% |
| Equity | 10/15 | -€133,190 | -€129,559 | +€3,630 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,790 | -€148,159 | +€3,630 | +2.4% |
| Amounts payable | 17/49 | €142,361 | €147,842 | +€5,481 | +3.8% |
| Amounts payable after more than one year | 17 | €2,783 | - | -€2,783 | |
| Financial debts | 170/4 | €2,783 | - | -€2,783 | |
| Amounts payable within one year | 42/48 | €139,578 | €147,842 | +€8,263 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €4,702 | €2,783 | -€1,919 | -40.8% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €13,387 | €2,100 | -€11,287 | -84.3% |
| Suppliers | 440/4 | €13,387 | €2,100 | -€11,287 | -84.3% |
| Taxes, remuneration and social security | 45 | €21,218 | €2,230 | -€18,988 | -89.5% |
| Taxes | 450/3 | €21,218 | €2,230 | -€18,988 | -89.5% |
| Other amounts payable | 47/48 | €100,262 | €140,729 | +€40,467 | +40.4% |
| Remuneration, social security and pensions | 62 | €6,540 | - | -€6,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294 | €507 | +€213 | +72.6% |
| Other operating charges | 640/8 | €661 | €3,932 | +€3,271 | +495% |
| Gross operating margin | 9900 | -€5,022 | €12,529 | +€17,551 | |
| Operating profit (loss) | 9901 | -€12,517 | €8,090 | +€20,607 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,647 | €4,460 | +€1,813 | +68.5% |
| Recurring financial charges | 65 | €2,647 | €4,460 | +€1,813 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,164 | €3,630 | +€18,794 | |
| Profit (loss) for the period | 9904 | -€15,164 | €3,630 | +€18,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,164 | €3,630 | +€18,794 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.