ZK MARWA: 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.
ZK MARWA
Largest movements
- Receivables within one year +€7,815
new in 2025: €7,815
of which Other amounts receivable: +€6,000
- Tangible fixed assets +€5,518
up €5,518 (+251%), from €2,198 to €7,715
of which Furniture and vehicles: +€5,518
- Cash +€1,685
up €1,685 (+170%), from €994 to €2,679
mainly Other debts (+€7,352) and Contributions, distributions and other (+€6,000)
- Other debts +€7,352
up €7,352 (+119%), from €6,163 to €13,515
- Contributions +€6,000
new in 2025: €6,000
- Trade debts +€3,220
up €3,220 (+2,069%), from €156 to €3,376
- Profit (loss) carried forward -€2,930
down €2,930 (-55.1%), from -€5,321 to -€8,252
- Tax, wage and social debts +€1,375
up €1,375 (+62.7%), from €2,195 to €3,570
of which Remuneration and social security: +€2,144
- Gross operating margin +€8,740
up €8,740 (+1,048%), from €834 to €9,574
- Staff costs +€6,261
up €6,261 (+119%), from €5,249 to €11,510
- Depreciation +€482
new in 2025: €482
- Other operating charges -€416
down €416 (-46.2%), from €900 to €484
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 | €3,191 | €18,209 | +€15,018 | +471% |
| Fixed assets | 21/28 | €2,198 | €7,715 | +€5,518 | +251% |
| Tangible fixed assets | 22/27 | €2,198 | €7,715 | +€5,518 | +251% |
| Plant, machinery and equipment | 23 | €2,198 | €2,198 | = | 0.0% |
| Furniture and vehicles | 24 | - | €5,518 | +€5,518 | |
| Current assets | 29/58 | €994 | €10,494 | +€9,500 | +956% |
| Amounts receivable within one year | 40/41 | - | €7,815 | +€7,815 | |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 41 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €994 | €2,679 | +€1,685 | +170% |
| Total equity and liabilities | 10/49 | €3,191 | €18,209 | +€15,018 | +471% |
| Equity | 10/15 | -€5,321 | -€2,252 | +€3,070 | +57.7% |
| Contributions | 10/11 | - | €6,000 | +€6,000 | |
| Capital | 10 | - | €6,000 | +€6,000 | |
| Issued capital | 100 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | -€5,321 | -€8,252 | -€2,930 | -55.1% |
| Amounts payable | 17/49 | €8,513 | €20,461 | +€11,948 | +140% |
| Amounts payable within one year | 42/48 | €8,513 | €20,461 | +€11,948 | +140% |
| Trade debts | 44 | €156 | €3,376 | +€3,220 | +2,069% |
| Suppliers | 440/4 | €156 | €3,376 | +€3,220 | +2,069% |
| Taxes, remuneration and social security | 45 | €2,195 | €3,570 | +€1,375 | +62.7% |
| Taxes | 450/3 | €1,045 | €276 | -€769 | -73.6% |
| Remuneration and social security | 454/9 | €1,150 | €3,294 | +€2,144 | +186% |
| Other amounts payable | 47/48 | €6,163 | €13,515 | +€7,352 | +119% |
| Remuneration, social security and pensions | 62 | €5,249 | €11,510 | +€6,261 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €482 | +€482 | |
| Other operating charges | 640/8 | €900 | €484 | -€416 | -46.2% |
| Gross operating margin | 9900 | €834 | €9,574 | +€8,740 | +1,048% |
| Operating profit (loss) | 9901 | -€5,315 | -€2,903 | +€2,413 | +45.4% |
| Financial charges | 65/66B | €6 | €28 | +€22 | +360% |
| Recurring financial charges | 65 | €6 | €28 | +€22 | +360% |
| Profit (loss) for the period before taxes | 9903 | -€5,321 | -€2,930 | +€2,391 | +44.9% |
| Profit (loss) for the period | 9904 | -€5,321 | -€2,930 | +€2,391 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,321 | -€2,930 | +€2,391 | +44.9% |
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 1 November 2026 via checked.be.