ZIVARO: 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.
ZIVARO
Largest movements
- Cash -€572
down €572 (-72.1%), from €793 to €221
mainly Net result for the year (-€3,388) and Receivables within one year (-€524)
- Receivables within one year +€524
up €524 (+13.4%), from €3,908 to €4,432
- Profit (loss) carried forward -€3,388
down €3,388 (-2.4%), from -€143,836 to -€147,224
- Other debts +€2,258
up €2,258 (+3.1%), from €73,338 to €75,596
- Trade debts +€1,082
up €1,082 (+542%), from €199 to €1,281
- Other operating charges +€1,047
up €1,047, from €0 to €1,047
- Gross operating margin -€345
down €345 (-17.8%), from -€1,939 to -€2,284
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 | €4,702 | €4,653 | -€49 | -1.0% |
| Current assets | 29/58 | €4,702 | €4,653 | -€49 | -1.0% |
| Amounts receivable within one year | 40/41 | €3,908 | €4,432 | +€524 | +13.4% |
| Other amounts receivable | 41 | €3,908 | €4,432 | +€524 | +13.4% |
| Cash at bank and in hand | 54/58 | €793 | €221 | -€572 | -72.1% |
| Total equity and liabilities | 10/49 | €4,702 | €4,653 | -€49 | -1.0% |
| Equity | 10/15 | -€68,836 | -€72,224 | -€3,388 | -4.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,836 | -€147,224 | -€3,388 | -2.4% |
| Amounts payable | 17/49 | €73,538 | €76,878 | +€3,340 | +4.5% |
| Amounts payable within one year | 42/48 | €73,538 | €76,878 | +€3,340 | +4.5% |
| Trade debts | 44 | €199 | €1,281 | +€1,082 | +542% |
| Suppliers | 440/4 | €199 | €1,281 | +€1,082 | +542% |
| Other amounts payable | 47/48 | €73,338 | €75,596 | +€2,258 | +3.1% |
| Other operating charges | 640/8 | €0 | €1,047 | +€1,047 | |
| Gross operating margin | 9900 | -€1,939 | -€2,284 | -€345 | -17.8% |
| Operating profit (loss) | 9901 | -€1,939 | -€3,331 | -€1,391 | -71.8% |
| Financial charges | 65/66B | €59 | €58 | -€2 | -3.1% |
| Recurring financial charges | 65 | €59 | €58 | -€2 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,999 | -€3,388 | -€1,390 | -69.5% |
| Profit (loss) for the period | 9904 | -€1,999 | -€3,388 | -€1,390 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,999 | -€3,388 | -€1,390 | -69.5% |
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.