ZIFRASAM & CO: 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.
ZIFRASAM & CO
Largest movements
- Receivables within one year -€50,973
down €50,973 (-71.3%), from €71,490 to €20,517
of which Trade receivables: -€48,324
- Cash -€8,872
down €8,872 (-14.7%), from €60,525 to €51,654
mainly Trade debts (-€72,179) and Other debts (-€18,000)
- Tangible fixed assets -€6,893
down €6,893 (-50.0%), from €13,787 to €6,893
- Financial fixed assets +€5,000
up €5,000 (+33.4%), from €14,958 to €19,958
- Trade debts -€72,179
down €72,179 (-91.1%), from €79,264 to €7,084
- Profit (loss) carried forward +€19,457
up €19,457 (+76.5%), from €25,431 to €44,887
- Other debts -€18,000
no longer reported in 2025 (was €18,000)
- Tax, wage and social debts +€10,189
up €10,189 (+51.9%), from €19,644 to €29,834
of which Remuneration and social security: +€12,353
- Financial income +€76,363
new in 2025: €76,363
of which Non-recurring financial income: +€76,363
- Write-downs +€38,646
new in 2025: €38,646
- Staff costs +€25,121
up €25,121 (+142%), from €17,677 to €42,798
- Gross operating margin +€9,748
up €9,748 (+40.7%), from €23,934 to €33,681
- Taxes -€1,704
no longer reported in 2025 (was €1,704)
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 | €161,346 | €100,813 | -€60,533 | -37.5% |
| Fixed assets | 21/28 | €28,745 | €26,851 | -€1,893 | -6.6% |
| Tangible fixed assets | 22/27 | €13,787 | €6,893 | -€6,893 | -50.0% |
| Furniture and vehicles | 24 | €13,787 | €6,893 | -€6,893 | -50.0% |
| Financial fixed assets | 28 | €14,958 | €19,958 | +€5,000 | +33.4% |
| Current assets | 29/58 | €132,602 | €73,962 | -€58,640 | -44.2% |
| Amounts receivable within one year | 40/41 | €71,490 | €20,517 | -€50,973 | -71.3% |
| Trade receivables | 40 | €67,906 | €19,581 | -€48,324 | -71.2% |
| Other amounts receivable | 41 | €3,584 | €935 | -€2,648 | -73.9% |
| Cash at bank and in hand | 54/58 | €60,525 | €51,654 | -€8,872 | -14.7% |
| Deferred charges and accrued income | 490/1 | €587 | €1,791 | +€1,205 | +205% |
| Total equity and liabilities | 10/49 | €161,346 | €100,813 | -€60,533 | -37.5% |
| Equity | 10/15 | €44,438 | €63,895 | +€19,457 | +43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €408 | €408 | = | 0.0% |
| Non-distributable reserves | 130/1 | €408 | €408 | = | 0.0% |
| Reserves not available under the articles | 1311 | €408 | €408 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,431 | €44,887 | +€19,457 | +76.5% |
| Amounts payable | 17/49 | €116,908 | €36,918 | -€79,990 | -68.4% |
| Amounts payable within one year | 42/48 | €116,908 | €36,918 | -€79,990 | -68.4% |
| Trade debts | 44 | €79,264 | €7,084 | -€72,179 | -91.1% |
| Suppliers | 440/4 | €79,264 | €7,084 | -€72,179 | -91.1% |
| Taxes, remuneration and social security | 45 | €19,644 | €29,834 | +€10,189 | +51.9% |
| Taxes | 450/3 | €2,424 | €260 | -€2,164 | -89.3% |
| Remuneration and social security | 454/9 | €17,221 | €29,574 | +€12,353 | +71.7% |
| Other amounts payable | 47/48 | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €17,677 | €42,798 | +€25,121 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,893 | €6,893 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,646 | +€38,646 | |
| Other operating charges | 640/8 | €1,338 | €2,124 | +€786 | +58.8% |
| Gross operating margin | 9900 | €23,934 | €33,681 | +€9,748 | +40.7% |
| Operating profit (loss) | 9901 | -€1,975 | -€56,781 | -€54,806 | -2,775% |
| Financial income | 75/76B | - | €76,363 | +€76,363 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €76,363 | +€76,363 | |
| Financial charges | 65/66B | €1,173 | €125 | -€1,047 | -89.3% |
| Recurring financial charges | 65 | €512 | €125 | -€387 | -75.5% |
| Non-recurring financial charges | 66B | €660 | - | -€660 | |
| Profit (loss) for the period before taxes | 9903 | -€3,148 | €19,457 | +€22,604 | |
| Income taxes | 67/77 | €1,704 | - | -€1,704 | |
| Profit (loss) for the period | 9904 | -€4,851 | €19,457 | +€24,308 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,851 | €19,457 | +€24,308 |
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 1 November 2026 via checked.be.