Zispa Retail: 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.
Zispa Retail
Largest movements
- Tangible fixed assets -€66,465
down €66,465 (-74.9%), from €88,734 to €22,269
of which Other tangible fixed assets: -€55,885
- Cash -€57,235
down €57,235 (-50.5%), from €113,411 to €56,176
mainly Current portion of long-term debt (-€53,556) and Other debts (-€50,061)
- Receivables within one year +€13,816
up €13,816 (+150%), from €9,194 to €23,009
of which Other amounts receivable: +€11,347
- Stocks and contracts +€11,569
up €11,569 (+8.4%), from €137,613 to €149,182
- Current portion of long-term debt -€53,556
down €53,556 (-79.7%), from €67,177 to €13,621
- Other debts -€50,061
down €50,061 (-29.6%), from €168,935 to €118,874
- Tax, wage and social debts +€18,742
up €18,742 (+32.3%), from €58,012 to €76,755
of which Remuneration and social security: +€18,167
- Debts after one year -€14,482
no longer reported in 2025 (was €14,482)
- Trade debts +€7,285
up €7,285 (+7.2%), from €101,484 to €108,769
- Gross operating margin -€35,908
down €35,908 (-7.9%), from €457,210 to €421,301
- Depreciation -€24,358
down €24,358 (-26.8%), from €90,824 to €66,465
- Other operating charges +€13,672
up €13,672 (+2,148%), from €636 to €14,308
- Staff costs +€5,345
up €5,345 (+1.6%), from €338,726 to €344,071
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 | €350,632 | €252,317 | -€98,315 | -28.0% |
| Fixed assets | 21/28 | €90,414 | €23,949 | -€66,465 | -73.5% |
| Tangible fixed assets | 22/27 | €88,734 | €22,269 | -€66,465 | -74.9% |
| Plant, machinery and equipment | 23 | €13,570 | €2,989 | -€10,581 | -78.0% |
| Other tangible fixed assets | 26 | €75,165 | €19,280 | -€55,885 | -74.3% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €260,218 | €228,368 | -€31,850 | -12.2% |
| Stocks and contracts in progress | 3 | €137,613 | €149,182 | +€11,569 | +8.4% |
| Stocks | 30/36 | €137,613 | €149,182 | +€11,569 | +8.4% |
| Amounts receivable within one year | 40/41 | €9,194 | €23,009 | +€13,816 | +150% |
| Trade receivables | 40 | €9,194 | €11,663 | +€2,469 | +26.9% |
| Other amounts receivable | 41 | - | €11,347 | +€11,347 | |
| Cash at bank and in hand | 54/58 | €113,411 | €56,176 | -€57,235 | -50.5% |
| Total equity and liabilities | 10/49 | €350,632 | €252,317 | -€98,315 | -28.0% |
| Equity | 10/15 | -€59,459 | -€65,702 | -€6,243 | -10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,659 | -€71,902 | -€6,243 | -9.5% |
| Amounts payable | 17/49 | €410,091 | €318,019 | -€92,072 | -22.5% |
| Amounts payable after more than one year | 17 | €14,482 | - | -€14,482 | |
| Financial debts | 170/4 | €14,482 | - | -€14,482 | |
| Amounts payable within one year | 42/48 | €395,609 | €318,019 | -€77,590 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €67,177 | €13,621 | -€53,556 | -79.7% |
| Trade debts | 44 | €101,484 | €108,769 | +€7,285 | +7.2% |
| Suppliers | 440/4 | €101,484 | €108,769 | +€7,285 | +7.2% |
| Taxes, remuneration and social security | 45 | €58,012 | €76,755 | +€18,742 | +32.3% |
| Taxes | 450/3 | €1,503 | €2,079 | +€575 | +38.3% |
| Remuneration and social security | 454/9 | €56,509 | €74,676 | +€18,167 | +32.1% |
| Other amounts payable | 47/48 | €168,935 | €118,874 | -€50,061 | -29.6% |
| Non-recurring operating income | 76A | €15,726 | - | -€15,726 | |
| Remuneration, social security and pensions | 62 | €338,726 | €344,071 | +€5,345 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,824 | €66,465 | -€24,358 | -26.8% |
| Other operating charges | 640/8 | €636 | €14,308 | +€13,672 | +2,148% |
| Gross operating margin | 9900 | €457,210 | €421,301 | -€35,908 | -7.9% |
| Operating profit (loss) | 9901 | €27,024 | -€3,542 | -€30,566 | |
| Financial income | 75/76B | €1,990 | €1,425 | -€565 | -28.4% |
| Recurring financial income | 75 | €1,990 | €1,425 | -€565 | -28.4% |
| Financial charges | 65/66B | €1,851 | €4,126 | +€2,275 | +123% |
| Recurring financial charges | 65 | €1,851 | €4,126 | +€2,275 | +123% |
| Profit (loss) for the period before taxes | 9903 | €27,163 | -€6,243 | -€33,406 | |
| Profit (loss) for the period | 9904 | €27,163 | -€6,243 | -€33,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,163 | -€6,243 | -€33,406 |
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 19 October 2026 via checked.be.