ZIRARI: what changed
Two fiscal 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.
ZIRARI
Largest movements
- Stocks and contracts +€1,605
up €1,605 (+25.2%), from €6,381 to €7,986
- Receivables within one year +€679
up €679 (+26.5%), from €2,561 to €3,240
of which Trade receivables: +€679
- Cash -€348
down €348 (-14.5%), from €2,400 to €2,052
mainly Net result for the year (-€16,850) and Stocks and contracts (-€1,605)
- Trade debts +€19,138
up €19,138 (+408.1%), from €4,689 to €23,827
- Profit (loss) carried forward -€16,850
down €16,850 (-537.8%), from -€3,133 to -€19,983
- Tax, wage and social debts -€458
down €458 (-12.8%), from €3,586 to €3,128
- Gross operating margin -€16,616
down €16,616, from €1,443 to -€15,173
- Other operating charges +€670
up €670 (+235.1%), from €285 to €955
- Taxes +€563
new in 2025: €563
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.
Cash bridge derived
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 | €11,342 | €13,278 | +€1,936 | +17.1% |
| Current assets | 29/58 | €11,342 | €13,278 | +€1,936 | +17.1% |
| Stocks and contracts in progress | 3 | €6,381 | €7,986 | +€1,605 | +25.2% |
| Stocks | 30/36 | €6,381 | €7,986 | +€1,605 | +25.2% |
| Amounts receivable within one year | 40/41 | €2,561 | €3,240 | +€679 | +26.5% |
| Trade receivables | 40 | - | €679 | +€679 | |
| Other amounts receivable | 41 | €2,561 | €2,561 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,400 | €2,052 | -€348 | -14.5% |
| Total equity and liabilities | 10/49 | €11,342 | €13,278 | +€1,936 | +17.1% |
| Equity | 10/15 | €3,067 | -€13,783 | -€16,850 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,133 | -€19,983 | -€16,850 | -537.8% |
| Amounts payable | 17/49 | €8,275 | €27,061 | +€18,786 | +227.0% |
| Amounts payable within one year | 42/48 | €8,275 | €27,061 | +€18,786 | +227.0% |
| Trade debts | 44 | €4,689 | €23,827 | +€19,138 | +408.1% |
| Suppliers | 440/4 | €4,689 | €23,827 | +€19,138 | +408.1% |
| Taxes, remuneration and social security | 45 | €3,586 | €3,128 | -€458 | -12.8% |
| Taxes | 450/3 | €3,586 | €3,128 | -€458 | -12.8% |
| Other amounts payable | 47/48 | - | €106 | +€106 | |
| Other operating charges | 640/8 | €285 | €955 | +€670 | +235.1% |
| Gross operating margin | 9900 | €1,443 | -€15,173 | -€16,616 | |
| Operating profit (loss) | 9901 | €1,158 | -€16,128 | -€17,286 | |
| Financial charges | 65/66B | €135 | €159 | +€24 | +17.8% |
| Recurring financial charges | 65 | €135 | €159 | +€24 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €1,023 | -€16,287 | -€17,310 | |
| Income taxes | 67/77 | - | €563 | +€563 | |
| Profit (loss) for the period | 9904 | €1,023 | -€16,850 | -€17,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,023 | -€16,850 | -€17,873 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.