ZNAR COMPANY: 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.
ZNAR COMPANY
Largest movements
- Cash -€17,119
down €17,119 (-63.0%), from €27,172 to €10,053
mainly Trade debts (-€15,226) and Net result for the year (-€11,712)
- Tangible fixed assets -€2,975
down €2,975 (-22.3%), from €13,368 to €10,393
- Trade debts -€15,226
down €15,226 (-77.4%), from €19,666 to €4,440
- Profit (loss) carried forward -€11,712
down €11,712, from €11,059 to -€653
- Tax, wage and social debts +€7,725
up €7,725 (+142%), from €5,441 to €13,166
of which Remuneration and social security: +€6,100
- Other debts -€1,071
down €1,071 (-25.3%), from €4,230 to €3,159
- Gross operating margin -€18,862
down €18,862, from €15,752 to -€3,110
- Staff costs +€3,291
new in 2025: €3,291
- Taxes -€2,746
no longer reported in 2025 (was €2,746)
- Depreciation +€1,551
up €1,551 (+96.1%), from €1,614 to €3,165
- Other operating charges +€1,505
up €1,505 (+670%), from €225 to €1,730
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 | €45,395 | €25,112 | -€20,283 | -44.7% |
| Formation expenses | 20 | €841 | €652 | -€189 | -22.5% |
| Fixed assets | 21/28 | €17,382 | €14,407 | -€2,975 | -17.1% |
| Tangible fixed assets | 22/27 | €13,368 | €10,393 | -€2,975 | -22.3% |
| Furniture and vehicles | 24 | €13,368 | €10,393 | -€2,975 | -22.3% |
| Financial fixed assets | 28 | €4,014 | €4,014 | = | 0.0% |
| Current assets | 29/58 | €27,172 | €10,053 | -€17,119 | -63.0% |
| Cash at bank and in hand | 54/58 | €27,172 | €10,053 | -€17,119 | -63.0% |
| Total equity and liabilities | 10/49 | €45,395 | €25,112 | -€20,283 | -44.7% |
| Equity | 10/15 | €16,059 | €4,347 | -€11,712 | -72.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,059 | -€653 | -€11,712 | |
| Amounts payable | 17/49 | €29,337 | €20,765 | -€8,572 | -29.2% |
| Amounts payable within one year | 42/48 | €29,337 | €20,765 | -€8,572 | -29.2% |
| Trade debts | 44 | €19,666 | €4,440 | -€15,226 | -77.4% |
| Suppliers | 440/4 | €19,666 | €4,440 | -€15,226 | -77.4% |
| Taxes, remuneration and social security | 45 | €5,441 | €13,166 | +€7,725 | +142% |
| Taxes | 450/3 | €5,441 | €7,066 | +€1,625 | +29.9% |
| Remuneration and social security | 454/9 | - | €6,100 | +€6,100 | |
| Other amounts payable | 47/48 | €4,230 | €3,159 | -€1,071 | -25.3% |
| Remuneration, social security and pensions | 62 | - | €3,291 | +€3,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,614 | €3,165 | +€1,551 | +96.1% |
| Other operating charges | 640/8 | €225 | €1,730 | +€1,505 | +670% |
| Gross operating margin | 9900 | €15,752 | -€3,110 | -€18,862 | |
| Operating profit (loss) | 9901 | €13,914 | -€11,296 | -€25,209 | |
| Financial charges | 65/66B | €109 | €416 | +€307 | +282% |
| Recurring financial charges | 65 | €109 | €416 | +€307 | +282% |
| Profit (loss) for the period before taxes | 9903 | €13,805 | -€11,712 | -€25,516 | |
| Income taxes | 67/77 | €2,746 | - | -€2,746 | |
| Profit (loss) for the period | 9904 | €11,059 | -€11,712 | -€22,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,059 | -€11,712 | -€22,770 |
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.