ZITALUNA: 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.
ZITALUNA
Largest movements
- Cash +€1.0m
up €1.0m (+501%), from €208,979 to €1.3m
mainly Current investments (+€600,000) and Net result for the year (+€399,746)
- Current investments -€600,000
down €600,000 (-100%), from €600,000 to €0
- Tangible fixed assets -€38,518
down €38,518 (-8.1%), from €478,146 to €439,628
of which Land and buildings: -€27,960
- Reserves +€399,746
up €399,746 (+61.7%), from €647,809 to €1.0m
- Accrued charges and deferred income +€30,924
up €30,924 (+13,874%), from €223 to €31,147
- Other debts -€20,490
down €20,490 (-4.4%), from €468,818 to €448,328
- Financial income +€41,037
up €41,037 (+13.1%), from €314,056 to €355,093
- Financial charges -€3,035
down €3,035 (-8.8%), from €34,338 to €31,303
- Depreciation +€2,446
up €2,446 (+6.6%), from €37,336 to €39,782
- Gross operating margin +€1,961
up €1,961 (+1.4%), from €136,346 to €138,306
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 | €1,340,725 | €1,747,055 | +€406,330 | +30.3% |
| Fixed assets | 21/28 | €479,271 | €440,753 | -€38,518 | -8.0% |
| Tangible fixed assets | 22/27 | €478,146 | €439,628 | -€38,518 | -8.1% |
| Land and buildings | 22 | €428,492 | €400,532 | -€27,960 | -6.5% |
| Plant, machinery and equipment | 23 | €803 | €588 | -€215 | -26.8% |
| Furniture and vehicles | 24 | €48,851 | €38,508 | -€10,343 | -21.2% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €861,454 | €1,306,302 | +€444,848 | +51.6% |
| Amounts receivable within one year | 40/41 | €51,483 | €49,416 | -€2,067 | -4.0% |
| Trade receivables | 40 | €47,053 | €47,222 | +€170 | +0.4% |
| Other amounts receivable | 41 | €4,430 | €2,194 | -€2,237 | -50.5% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100% |
| Cash at bank and in hand | 54/58 | €208,979 | €1,255,381 | +€1.0m | +501% |
| Deferred charges and accrued income | 490/1 | €992 | €1,505 | +€513 | +51.7% |
| Total equity and liabilities | 10/49 | €1,340,725 | €1,747,055 | +€406,330 | +30.3% |
| Equity | 10/15 | €860,159 | €1,259,905 | +€399,746 | +46.5% |
| Contributions | 10/11 | €212,350 | €212,350 | = | 0.0% |
| Reserves | 13 | €647,809 | €1,047,555 | +€399,746 | +61.7% |
| Distributable reserves | 133 | €647,809 | €1,047,555 | +€399,746 | +61.7% |
| Amounts payable | 17/49 | €480,566 | €487,150 | +€6,584 | +1.4% |
| Amounts payable within one year | 42/48 | €480,343 | €456,003 | -€24,340 | -5.1% |
| Trade debts | 44 | €4,201 | €227 | -€3,974 | -94.6% |
| Suppliers | 440/4 | €4,201 | €227 | -€3,974 | -94.6% |
| Taxes, remuneration and social security | 45 | €7,325 | €7,449 | +€124 | +1.7% |
| Taxes | 450/3 | €7,325 | €7,449 | +€124 | +1.7% |
| Other amounts payable | 47/48 | €468,818 | €448,328 | -€20,490 | -4.4% |
| Accrued charges and deferred income | 492/3 | €223 | €31,147 | +€30,924 | +13,874% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,336 | €39,782 | +€2,446 | +6.6% |
| Other operating charges | 640/8 | €3,559 | €3,242 | -€316 | -8.9% |
| Gross operating margin | 9900 | €136,346 | €138,306 | +€1,961 | +1.4% |
| Operating profit (loss) | 9901 | €95,450 | €95,282 | -€169 | -0.2% |
| Financial income | 75/76B | €314,056 | €355,093 | +€41,037 | +13.1% |
| Recurring financial income | 75 | €314,056 | €355,093 | +€41,037 | +13.1% |
| Financial charges | 65/66B | €34,338 | €31,303 | -€3,035 | -8.8% |
| Recurring financial charges | 65 | €34,338 | €31,303 | -€3,035 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €375,168 | €419,072 | +€43,904 | +11.7% |
| Income taxes | 67/77 | €20,344 | €19,326 | -€1,018 | -5.0% |
| Profit (loss) for the period | 9904 | €354,824 | €399,746 | +€44,922 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €354,824 | €399,746 | +€44,922 | +12.7% |
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 22 October 2026 via checked.be.