ZOCALO: 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.
ZOCALO
Largest movements
- Receivables within one year +€82,556
up €82,556 (+145%), from €57,095 to €139,651
- Cash +€31,686
up €31,686 (+10.6%), from €299,641 to €331,328
mainly Net result for the year (+€125,178) and Tax, wage and social debts (+€54,792)
- Tangible fixed assets +€6,349
up €6,349 (+26.6%), from €23,877 to €30,226
of which Furniture and vehicles: +€5,401
- Reserves +€86,178
up €86,178 (+52.3%), from €164,894 to €251,072
of which Distributable reserves: +€86,178
- Tax, wage and social debts +€54,792
up €54,792 (+64.5%), from €84,955 to €139,747
of which Taxes: +€52,792
- Accrued charges and deferred income -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Other debts -€9,233
down €9,233 (-65.5%), from €14,104 to €4,871
- Gross operating margin +€77,756
up €77,756 (+69.4%), from €112,021 to €189,777
- Taxes +€9,438
up €9,438 (+22.7%), from €41,550 to €50,988
- Depreciation +€4,065
up €4,065 (+53.1%), from €7,648 to €11,712
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 | €381,768 | €502,360 | +€120,592 | +31.6% |
| Fixed assets | 21/28 | €25,032 | €31,381 | +€6,349 | +25.4% |
| Tangible fixed assets | 22/27 | €23,877 | €30,226 | +€6,349 | +26.6% |
| Plant, machinery and equipment | 23 | €2,960 | €3,908 | +€948 | +32.0% |
| Furniture and vehicles | 24 | €20,917 | €26,318 | +€5,401 | +25.8% |
| Financial fixed assets | 28 | €1,155 | €1,155 | = | 0.0% |
| Current assets | 29/58 | €356,736 | €470,979 | +€114,242 | +32.0% |
| Amounts receivable within one year | 40/41 | €57,095 | €139,651 | +€82,556 | +145% |
| Trade receivables | 40 | €57,095 | €139,651 | +€82,556 | +145% |
| Cash at bank and in hand | 54/58 | €299,641 | €331,328 | +€31,686 | +10.6% |
| Total equity and liabilities | 10/49 | €381,768 | €502,360 | +€120,592 | +31.6% |
| Equity | 10/15 | €171,094 | €257,272 | +€86,178 | +50.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €164,894 | €251,072 | +€86,178 | +52.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,312 | €13,312 | = | 0.0% |
| Distributable reserves | 133 | €149,722 | €235,900 | +€86,178 | +57.6% |
| Amounts payable | 17/49 | €210,674 | €245,088 | +€34,414 | +16.3% |
| Amounts payable within one year | 42/48 | €150,674 | €195,088 | +€44,414 | +29.5% |
| Trade debts | 44 | €51,614 | €50,470 | -€1,145 | -2.2% |
| Suppliers | 440/4 | €51,614 | €50,470 | -€1,145 | -2.2% |
| Taxes, remuneration and social security | 45 | €84,955 | €139,747 | +€54,792 | +64.5% |
| Taxes | 450/3 | €84,955 | €137,747 | +€52,792 | +62.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €14,104 | €4,871 | -€9,233 | -65.5% |
| Accrued charges and deferred income | 492/3 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,648 | €11,712 | +€4,065 | +53.1% |
| Other operating charges | 640/8 | €993 | €1,135 | +€142 | +14.3% |
| Gross operating margin | 9900 | €112,021 | €189,777 | +€77,756 | +69.4% |
| Operating profit (loss) | 9901 | €103,381 | €176,930 | +€73,549 | +71.1% |
| Financial charges | 65/66B | €961 | €764 | -€197 | -20.5% |
| Recurring financial charges | 65 | €961 | €764 | -€197 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €102,420 | €176,166 | +€73,746 | +72.0% |
| Income taxes | 67/77 | €41,550 | €50,988 | +€9,438 | +22.7% |
| Profit (loss) for the period | 9904 | €60,869 | €125,178 | +€64,308 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €60,869 | €125,178 | +€64,308 | +106% |
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 15 October 2026 via checked.be.