ZOLFGAR: what changed
Two fiscal 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.
ZOLFGAR
Largest movements
- Tangible fixed assets +€6,674
up €6,674 (+63.8%), from €10,464 to €17,139
- Cash -€1,071
down €1,071 (-24.8%), from €4,316 to €3,244
mainly Investment in fixed assets (net) (-€11,222) and Trade debts (-€3,473)
- Other debts +€4,715
up €4,715 (+10.6%), from €44,333 to €49,047
- Trade debts -€3,473
no longer reported in 2025 (was €3,473)
- Tax, wage and social debts +€2,378
up €2,378 (+103.1%), from €2,307 to €4,685
- Profit (loss) carried forward +€2,002
up €2,002 (+9.4%), from -€21,400 to -€19,398
- Turnover +€86,334
new in 2025: €86,334
- Purchases and services +€52,047
new in 2025: €52,047
- Gross operating margin +€34,477
up €34,477 (+627.9%), from €5,491 to €39,967
- Staff costs +€2,142
up €2,142 (+7.9%), from €27,009 to €29,151
- Other operating charges -€1,653
down €1,653 (-29.3%), from €5,644 to €3,990
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.
Cash bridge derived
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 | €37,212 | €42,834 | +€5,621 | +15.1% |
| Fixed assets | 21/28 | €22,744 | €29,419 | +€6,674 | +29.3% |
| Intangible fixed assets | 21 | €12,000 | €12,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,464 | €17,139 | +€6,674 | +63.8% |
| Furniture and vehicles | 24 | €10,464 | €17,139 | +€6,674 | +63.8% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €14,468 | €13,415 | -€1,053 | -7.3% |
| Stocks and contracts in progress | 3 | €7,339 | €7,339 | = | 0.0% |
| Stocks | 30/36 | €7,339 | €7,339 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,813 | €2,832 | +€18 | +0.7% |
| Trade receivables | 40 | €1,822 | - | -€1,822 | |
| Other amounts receivable | 41 | €991 | €2,832 | +€1,841 | +185.7% |
| Cash at bank and in hand | 54/58 | €4,316 | €3,244 | -€1,071 | -24.8% |
| Total equity and liabilities | 10/49 | €37,212 | €42,834 | +€5,621 | +15.1% |
| Equity | 10/15 | -€12,900 | -€10,898 | +€2,002 | +15.5% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Outside capital | 11 | €8,500 | €8,500 | = | 0.0% |
| Other | 1109/19 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,400 | -€19,398 | +€2,002 | +9.4% |
| Amounts payable | 17/49 | €50,113 | €53,732 | +€3,620 | +7.2% |
| Amounts payable within one year | 42/48 | €50,113 | €53,732 | +€3,620 | +7.2% |
| Trade debts | 44 | €3,473 | - | -€3,473 | |
| Suppliers | 440/4 | €3,473 | - | -€3,473 | |
| Taxes, remuneration and social security | 45 | €2,307 | €4,685 | +€2,378 | +103.1% |
| Remuneration and social security | 454/9 | €2,307 | €4,685 | +€2,378 | +103.1% |
| Other amounts payable | 47/48 | €44,333 | €49,047 | +€4,715 | +10.6% |
| Turnover | 70 | - | €86,334 | +€86,334 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €52,047 | +€52,047 | |
| Remuneration, social security and pensions | 62 | €27,009 | €29,151 | +€2,142 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,757 | €4,548 | -€1,209 | -21.0% |
| Other operating charges | 640/8 | €5,644 | €3,990 | -€1,653 | -29.3% |
| Gross operating margin | 9900 | €5,491 | €39,967 | +€34,477 | +627.9% |
| Operating profit (loss) | 9901 | -€32,919 | €2,277 | +€35,196 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +75.4% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +75.4% |
| Financial charges | 65/66B | €371 | €276 | -€94 | -25.5% |
| Recurring financial charges | 65 | €371 | €276 | -€94 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,289 | €2,002 | +€35,291 | |
| Profit (loss) for the period | 9904 | -€33,289 | €2,002 | +€35,291 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,289 | €2,002 | +€35,291 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.