ZESHAN ALI: 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.
ZESHAN ALI
Largest movements
- Stocks and contracts +€13,840
up €13,840 (+70.5%), from €19,629 to €33,470
- Cash -€5,067
down €5,067 (-20.8%), from €24,331 to €19,264
mainly Stocks and contracts (-€13,840) and Receivables within one year (-€2,880)
- Tangible fixed assets -€4,036
down €4,036 (-25.2%), from €16,010 to €11,974
of which Furniture and vehicles: -€3,814
- Receivables within one year +€2,880
up €2,880 (+83.4%), from €3,453 to €6,333
of which Trade receivables: +€2,408
- Tax, wage and social debts +€3,467
up €3,467 (+45.7%), from €7,588 to €11,055
of which Remuneration and social security: +€5,135
- Profit (loss) carried forward +€2,412
up €2,412 (+12.8%), from €18,863 to €21,275
- Trade debts +€2,407
up €2,407 (+11.4%), from €21,119 to €23,527
- Purchases and services +€241,551
up €241,551 (+55.2%), from €437,523 to €679,074
- Turnover +€238,049
up €238,049 (+54.2%), from €439,098 to €677,147
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 | €67,860 | €76,146 | +€8,286 | +12.2% |
| Fixed assets | 21/28 | €20,310 | €16,874 | -€3,436 | -16.9% |
| Tangible fixed assets | 22/27 | €16,010 | €11,974 | -€4,036 | -25.2% |
| Plant, machinery and equipment | 23 | €375 | €153 | -€221 | -59.1% |
| Furniture and vehicles | 24 | €15,635 | €11,821 | -€3,814 | -24.4% |
| Financial fixed assets | 28 | €4,300 | €4,900 | +€600 | +14.0% |
| Current assets | 29/58 | €47,550 | €59,272 | +€11,722 | +24.7% |
| Stocks and contracts in progress | 3 | €19,629 | €33,470 | +€13,840 | +70.5% |
| Stocks | 30/36 | €19,629 | €33,470 | +€13,840 | +70.5% |
| Amounts receivable within one year | 40/41 | €3,453 | €6,333 | +€2,880 | +83.4% |
| Trade receivables | 40 | €549 | €2,956 | +€2,408 | +439% |
| Other amounts receivable | 41 | €2,904 | €3,376 | +€473 | +16.3% |
| Cash at bank and in hand | 54/58 | €24,331 | €19,264 | -€5,067 | -20.8% |
| Deferred charges and accrued income | 490/1 | €137 | €205 | +€68 | +49.4% |
| Total equity and liabilities | 10/49 | €67,860 | €76,146 | +€8,286 | +12.2% |
| Equity | 10/15 | €38,863 | €41,275 | +€2,412 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,863 | €21,275 | +€2,412 | +12.8% |
| Amounts payable | 17/49 | €28,997 | €34,871 | +€5,874 | +20.3% |
| Amounts payable within one year | 42/48 | €28,997 | €34,871 | +€5,874 | +20.3% |
| Trade debts | 44 | €21,119 | €23,527 | +€2,407 | +11.4% |
| Suppliers | 440/4 | €21,119 | €23,527 | +€2,407 | +11.4% |
| Taxes, remuneration and social security | 45 | €7,588 | €11,055 | +€3,467 | +45.7% |
| Taxes | 450/3 | €3,495 | €1,826 | -€1,668 | -47.7% |
| Remuneration and social security | 454/9 | €4,093 | €9,228 | +€5,135 | +125% |
| Other amounts payable | 47/48 | €289 | €289 | = | 0.0% |
| Turnover | 70 | €439,098 | €677,147 | +€238,049 | +54.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €437,523 | €679,074 | +€241,551 | +55.2% |
| Remuneration, social security and pensions | 62 | €6,720 | €7,012 | +€292 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,087 | €4,036 | +€949 | +30.7% |
| Other operating charges | 640/8 | €2,225 | €1,788 | -€437 | -19.6% |
| Gross operating margin | 9900 | €18,088 | €17,970 | -€118 | -0.6% |
| Operating profit (loss) | 9901 | €6,056 | €5,135 | -€921 | -15.2% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.5% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.5% |
| Financial charges | 65/66B | €764 | €2,716 | +€1,952 | +256% |
| Recurring financial charges | 65 | €764 | €2,716 | +€1,952 | +256% |
| Profit (loss) for the period before taxes | 9903 | €5,300 | €2,419 | -€2,881 | -54.4% |
| Income taxes | 67/77 | €1,825 | €7 | -€1,818 | -99.6% |
| Profit (loss) for the period | 9904 | €3,475 | €2,412 | -€1,063 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,475 | €2,412 | -€1,063 | -30.6% |
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 30 October 2026 via checked.be.