ZEROUAL Amal: 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.
ZEROUAL Amal
Largest movements
- Cash -€187,498
down €187,498 (-86.2%), from €217,531 to €30,033
mainly Receivables after one year (-€170,000) and Contributions, distributions and other (-€110,684)
- Receivables after one year +€170,000
new in 2025: €170,000
- Deferred charges and accrued income +€16,424
up €16,424 (+79.5%), from €20,661 to €37,085
- Receivables within one year +€5,788
up €5,788, from €0 to €5,788
- Other debts +€71,753
up €71,753 (+17,600%), from €408 to €72,161
- Reserves -€64,215
down €64,215 (-29.1%), from €220,403 to €156,189
- Tax, wage and social debts -€3,219
down €3,219 (-72.8%), from €4,419 to €1,200
- Gross operating margin -€21,737
down €21,737 (-23.1%), from €94,145 to €72,407
- Taxes -€4,007
down €4,007 (-17.3%), from €23,219 to €19,212
- Other operating charges -€1,065
down €1,065 (-28.5%), from €3,731 to €2,666
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 | €243,173 | €246,620 | +€3,447 | +1.4% |
| Fixed assets | 21/28 | €4,982 | €3,714 | -€1,268 | -25.5% |
| Tangible fixed assets | 22/27 | €4,857 | €3,589 | -€1,268 | -26.1% |
| Plant, machinery and equipment | 23 | €4,124 | €2,943 | -€1,181 | -28.6% |
| Furniture and vehicles | 24 | €733 | €646 | -€87 | -11.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €238,192 | €242,907 | +€4,715 | +2.0% |
| Amounts receivable after more than one year | 29 | - | €170,000 | +€170,000 | |
| Other amounts receivable | 291 | - | €170,000 | +€170,000 | |
| Amounts receivable within one year | 40/41 | €0 | €5,788 | +€5,788 | |
| Other amounts receivable | 41 | €0 | €5,788 | +€5,788 | |
| Cash at bank and in hand | 54/58 | €217,531 | €30,033 | -€187,498 | -86.2% |
| Deferred charges and accrued income | 490/1 | €20,661 | €37,085 | +€16,424 | +79.5% |
| Total equity and liabilities | 10/49 | €243,173 | €246,620 | +€3,447 | +1.4% |
| Equity | 10/15 | €235,403 | €171,189 | -€64,215 | -27.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €220,403 | €156,189 | -€64,215 | -29.1% |
| Distributable reserves | 133 | €220,403 | €156,189 | -€64,215 | -29.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,770 | €75,431 | +€67,661 | +871% |
| Amounts payable within one year | 42/48 | €7,770 | €73,881 | +€66,111 | +851% |
| Trade debts | 44 | €2,944 | €521 | -€2,423 | -82.3% |
| Suppliers | 440/4 | €2,944 | €521 | -€2,423 | -82.3% |
| Taxes, remuneration and social security | 45 | €4,419 | €1,200 | -€3,219 | -72.8% |
| Taxes | 450/3 | €4,419 | €1,200 | -€3,219 | -72.8% |
| Other amounts payable | 47/48 | €408 | €72,161 | +€71,753 | +17,600% |
| Accrued charges and deferred income | 492/3 | - | €1,550 | +€1,550 | |
| Non-recurring operating income | 76A | - | €774 | +€774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €1,967 | +€301 | +18.1% |
| Other operating charges | 640/8 | €3,731 | €2,666 | -€1,065 | -28.5% |
| Gross operating margin | 9900 | €94,145 | €72,407 | -€21,737 | -23.1% |
| Operating profit (loss) | 9901 | €88,747 | €67,774 | -€20,973 | -23.6% |
| Financial income | 75/76B | €97 | €17 | -€80 | -82.3% |
| Recurring financial income | 75 | €97 | €17 | -€80 | -82.3% |
| Financial charges | 65/66B | €1,411 | €2,110 | +€699 | +49.5% |
| Recurring financial charges | 65 | €1,411 | €2,110 | +€699 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €87,433 | €65,681 | -€21,752 | -24.9% |
| Income taxes | 67/77 | €23,219 | €19,212 | -€4,007 | -17.3% |
| Profit (loss) for the period | 9904 | €64,215 | €46,470 | -€17,745 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,215 | €46,470 | -€17,745 | -27.6% |
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 26 October 2026 via checked.be.