ZHAOffice: 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.
ZHAOffice
Largest movements
- Receivables within one year +€142,615
up €142,615 (+366%), from €38,995 to €181,610
of which Trade receivables: +€85,530
- Current investments -€100,122
no longer reported in 2025 (was €100,122)
- Cash -€29,450
down €29,450 (-43.7%), from €67,414 to €37,964
mainly Receivables within one year (-€142,615) and Tax, wage and social debts (-€7,693)
- Other debts +€16,714
new in 2025: €16,714
- Tax, wage and social debts -€7,693
no longer reported in 2025 (was €7,693)
- Current portion of long-term debt +€3,371
new in 2025: €3,371
- Profit (loss) carried forward -€2,285
down €2,285 (-4.2%), from €54,240 to €51,955
- Gross operating margin -€93,291
down €93,291, from €91,937 to -€1,354
- Taxes -€28,003
down €28,003, from €27,960 to -€42
- Financial income +€2,435
up €2,435 (+273%), from €892 to €3,327
of which Financial income: +€1,530
- Financial charges -€2,020
down €2,020 (-56.1%), from €3,601 to €1,581
- Depreciation -€1,343
down €1,343 (-37.2%), from €3,611 to €2,268
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 | €211,087 | €223,934 | +€12,847 | +6.1% |
| Fixed assets | 21/28 | €4,453 | €4,258 | -€196 | -4.4% |
| Tangible fixed assets | 22/27 | €4,453 | €4,258 | -€196 | -4.4% |
| Plant, machinery and equipment | 23 | €1,848 | €1,424 | -€424 | -23.0% |
| Furniture and vehicles | 24 | €2,606 | €2,834 | +€228 | +8.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €206,633 | €219,676 | +€13,043 | +6.3% |
| Amounts receivable within one year | 40/41 | €38,995 | €181,610 | +€142,615 | +366% |
| Trade receivables | 40 | €14,984 | €100,514 | +€85,530 | +571% |
| Other amounts receivable | 41 | €24,011 | €81,096 | +€57,085 | +238% |
| Current investments | 50/53 | €100,122 | - | -€100,122 | |
| Cash at bank and in hand | 54/58 | €67,414 | €37,964 | -€29,450 | -43.7% |
| Deferred charges and accrued income | 490/1 | €102 | €102 | = | 0.0% |
| Total equity and liabilities | 10/49 | €211,087 | €223,934 | +€12,847 | +6.1% |
| Equity | 10/15 | €202,263 | €199,978 | -€2,285 | -1.1% |
| Contributions | 10/11 | €21,124 | €21,124 | = | 0.0% |
| Reserves | 13 | €126,899 | €126,899 | = | 0.0% |
| Distributable reserves | 133 | €126,899 | €126,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,240 | €51,955 | -€2,285 | -4.2% |
| Amounts payable | 17/49 | €8,824 | €23,956 | +€15,132 | +171% |
| Amounts payable within one year | 42/48 | €8,824 | €23,956 | +€15,132 | +171% |
| Current portion of amounts payable after more than one year | 42 | - | €3,371 | +€3,371 | |
| Financial debts | 43 | - | €1,255 | +€1,255 | |
| Credit institutions | 430/8 | - | €1,255 | +€1,255 | |
| Trade debts | 44 | €1,131 | €2,616 | +€1,485 | +131% |
| Suppliers | 440/4 | €1,131 | €2,616 | +€1,485 | +131% |
| Taxes, remuneration and social security | 45 | €7,693 | - | -€7,693 | |
| Taxes | 450/3 | €7,693 | - | -€7,693 | |
| Other amounts payable | 47/48 | - | €16,714 | +€16,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,611 | €2,268 | -€1,343 | -37.2% |
| Other operating charges | 640/8 | €1,299 | €452 | -€848 | -65.2% |
| Gross operating margin | 9900 | €91,937 | -€1,354 | -€93,291 | |
| Operating profit (loss) | 9901 | €87,027 | -€4,074 | -€91,101 | |
| Financial income | 75/76B | €892 | €3,327 | +€2,435 | +273% |
| Recurring financial income | 75 | €892 | €2,422 | +€1,530 | +172% |
| Non-recurring financial income | 76B | - | €905 | +€905 | |
| Financial charges | 65/66B | €3,601 | €1,581 | -€2,020 | -56.1% |
| Recurring financial charges | 65 | €3,601 | €1,581 | -€2,020 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €84,318 | -€2,328 | -€86,646 | |
| Income taxes | 67/77 | €27,960 | -€42 | -€28,003 | |
| Profit (loss) for the period | 9904 | €56,358 | -€2,285 | -€58,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,358 | -€2,285 | -€58,643 |
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.