ZITAX: 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.
ZITAX
Largest movements
- Cash -€27,607
down €27,607 (-91.4%), from €30,217 to €2,611
mainly Other debts (-€27,349) and Investment in fixed assets (net) (-€15,000)
- Receivables within one year -€17,664
down €17,664 (-97.1%), from €18,183 to €519
of which Trade receivables: -€18,177
- Intangible fixed assets +€15,000
new in 2025: €15,000
- Tangible fixed assets -€7,298
down €7,298 (-84.3%), from €8,658 to €1,360
- Other debts -€27,349
down €27,349 (-58.1%), from €47,085 to €19,736
- Trade debts -€9,842
down €9,842 (-96.5%), from €10,203 to €361
- Tax, wage and social debts -€610
no longer reported in 2025 (was €610)
- Gross operating margin -€12,100
down €12,100 (-51.1%), from €23,687 to €11,587
- Staff costs -€4,958
down €4,958 (-70.4%), from €7,044 to €2,085
- Other operating charges +€1,305
up €1,305 (+294%), from €444 to €1,748
- Depreciation -€1,200
down €1,200 (-14.1%), from €8,498 to €7,298
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 | €57,058 | €19,490 | -€37,568 | -65.8% |
| Fixed assets | 21/28 | €8,658 | €16,360 | +€7,702 | +89.0% |
| Intangible fixed assets | 21 | - | €15,000 | +€15,000 | |
| Tangible fixed assets | 22/27 | €8,658 | €1,360 | -€7,298 | -84.3% |
| Furniture and vehicles | 24 | €8,658 | €1,360 | -€7,298 | -84.3% |
| Current assets | 29/58 | €48,401 | €3,130 | -€45,271 | -93.5% |
| Amounts receivable within one year | 40/41 | €18,183 | €519 | -€17,664 | -97.1% |
| Trade receivables | 40 | €18,183 | €6 | -€18,177 | -100.0% |
| Other amounts receivable | 41 | - | €513 | +€513 | |
| Cash at bank and in hand | 54/58 | €30,217 | €2,611 | -€27,607 | -91.4% |
| Total equity and liabilities | 10/49 | €57,058 | €19,490 | -€37,568 | -65.8% |
| Equity | 10/15 | -€840 | -€607 | +€233 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244 | €244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €244 | €244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €244 | €244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,684 | -€19,451 | +€233 | +1.2% |
| Amounts payable | 17/49 | €57,898 | €20,097 | -€37,801 | -65.3% |
| Amounts payable within one year | 42/48 | €57,898 | €20,097 | -€37,801 | -65.3% |
| Trade debts | 44 | €10,203 | €361 | -€9,842 | -96.5% |
| Suppliers | 440/4 | €10,203 | €361 | -€9,842 | -96.5% |
| Taxes, remuneration and social security | 45 | €610 | - | -€610 | |
| Taxes | 450/3 | €610 | - | -€610 | |
| Other amounts payable | 47/48 | €47,085 | €19,736 | -€27,349 | -58.1% |
| Remuneration, social security and pensions | 62 | €7,044 | €2,085 | -€4,958 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,498 | €7,298 | -€1,200 | -14.1% |
| Other operating charges | 640/8 | €444 | €1,748 | +€1,305 | +294% |
| Gross operating margin | 9900 | €23,687 | €11,587 | -€12,100 | -51.1% |
| Operating profit (loss) | 9901 | €7,702 | €456 | -€7,246 | -94.1% |
| Financial charges | 65/66B | €420 | €223 | -€196 | -46.8% |
| Recurring financial charges | 65 | €420 | €223 | -€196 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €7,282 | €233 | -€7,049 | -96.8% |
| Profit (loss) for the period | 9904 | €7,282 | €233 | -€7,049 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,282 | €233 | -€7,049 | -96.8% |
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 14 October 2026 via checked.be.