ZITOUNAS: 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.
ZITOUNAS
Largest movements
- Receivables within one year -€387,726
down €387,726 (-92.9%), from €417,283 to €29,557
of which Trade receivables: -€383,601
- Stocks and contracts +€25,250
up €25,250 (+43.4%), from €58,214 to €83,464
- Cash -€8,501
down €8,501 (-48.9%), from €17,387 to €8,886
mainly Advances received (-€223,715) and Trade debts (-€142,175)
- Advances received -€223,715
down €223,715 (-98.4%), from €227,399 to €3,684
- Trade debts -€142,175
down €142,175 (-63.5%), from €223,817 to €81,641
- Other debts -€7,402
no longer reported in 2025 (was €7,402)
- Staff costs +€16,630
up €16,630 (+38.4%), from €43,262 to €59,892
- Other operating charges -€8,626
down €8,626 (-60.4%), from €14,272 to €5,646
- Gross operating margin +€3,860
up €3,860 (+5.4%), from €71,709 to €75,569
- Depreciation +€2,630
up €2,630 (+48.1%), from €5,470 to €8,100
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 | €518,287 | €142,938 | -€375,349 | -72.4% |
| Fixed assets | 21/28 | €24,132 | €21,031 | -€3,100 | -12.8% |
| Tangible fixed assets | 22/27 | €20,032 | €16,931 | -€3,100 | -15.5% |
| Plant, machinery and equipment | 23 | €10,282 | €6,982 | -€3,300 | -32.1% |
| Furniture and vehicles | 24 | €9,750 | €9,950 | +€200 | +2.0% |
| Financial fixed assets | 28 | €4,100 | €4,100 | = | 0.0% |
| Current assets | 29/58 | €494,155 | €121,907 | -€372,248 | -75.3% |
| Stocks and contracts in progress | 3 | €58,214 | €83,464 | +€25,250 | +43.4% |
| Stocks | 30/36 | €58,214 | €83,464 | +€25,250 | +43.4% |
| Amounts receivable within one year | 40/41 | €417,283 | €29,557 | -€387,726 | -92.9% |
| Trade receivables | 40 | €412,076 | €28,474 | -€383,601 | -93.1% |
| Other amounts receivable | 41 | €5,208 | €1,083 | -€4,125 | -79.2% |
| Cash at bank and in hand | 54/58 | €17,387 | €8,886 | -€8,501 | -48.9% |
| Deferred charges and accrued income | 490/1 | €1,271 | - | -€1,271 | |
| Total equity and liabilities | 10/49 | €518,287 | €142,938 | -€375,349 | -72.4% |
| Equity | 10/15 | €14,411 | €16,148 | +€1,736 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,189 | -€2,452 | +€1,736 | +41.5% |
| Amounts payable | 17/49 | €503,876 | €126,790 | -€377,085 | -74.8% |
| Amounts payable within one year | 42/48 | €503,876 | €126,790 | -€377,085 | -74.8% |
| Trade debts | 44 | €223,817 | €81,641 | -€142,175 | -63.5% |
| Suppliers | 440/4 | €223,817 | €81,641 | -€142,175 | -63.5% |
| Advances received on contracts in progress | 46 | €227,399 | €3,684 | -€223,715 | -98.4% |
| Taxes, remuneration and social security | 45 | €45,258 | €41,465 | -€3,793 | -8.4% |
| Taxes | 450/3 | €10,347 | €17,801 | +€7,454 | +72.0% |
| Remuneration and social security | 454/9 | €34,910 | €23,664 | -€11,246 | -32.2% |
| Other amounts payable | 47/48 | €7,402 | - | -€7,402 | |
| Remuneration, social security and pensions | 62 | €43,262 | €59,892 | +€16,630 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,470 | €8,100 | +€2,630 | +48.1% |
| Other operating charges | 640/8 | €14,272 | €5,646 | -€8,626 | -60.4% |
| Gross operating margin | 9900 | €71,709 | €75,569 | +€3,860 | +5.4% |
| Operating profit (loss) | 9901 | €8,705 | €1,931 | -€6,775 | -77.8% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €83 | €199 | +€117 | +142% |
| Recurring financial charges | 65 | €83 | €199 | +€117 | +142% |
| Profit (loss) for the period before taxes | 9903 | €8,623 | €1,736 | -€6,886 | -79.9% |
| Profit (loss) for the period | 9904 | €8,623 | €1,736 | -€6,886 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,623 | €1,736 | -€6,886 | -79.9% |
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 26 October 2026 via checked.be.