ZORBA: 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.
ZORBA
Largest movements
- Tangible fixed assets -€624,038
down €624,038 (-67.8%), from €920,753 to €296,715
- Receivables within one year -€136,773
down €136,773 (-9.4%), from €1.5m to €1.3m
of which Other amounts receivable: -€137,952
- Revaluation surpluses -€1.0m
down €1.0m (-78.5%), from €1.3m to €280,702
- Short-term financial debts -€839,500
down €839,500 (-100.0%), from €839,500 to €0
- Profit (loss) carried forward +€696,939
up €696,939, from -€323,781 to €373,158
- Reserves +€434,469
up €434,469 (+868.9%), from €50,000 to €484,469
of which Distributable reserves: +€434,469
- Gross operating margin +€888,752
up €888,752, from -€23,802 to €864,950
- Taxes +€137,563
new in 2025: €137,563
- Depreciation -€40,029
down €40,029 (-100.0%), from €40,029 to €0
- Financial charges -€35,929
down €35,929 (-62.4%), from €57,613 to €21,684
- Other operating charges -€10,654
down €10,654 (-43.4%), from €24,549 to €13,896
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 | €2,380,770 | €1,638,329 | -€742,441 | -31.2% |
| Fixed assets | 21/28 | €920,753 | €296,715 | -€624,038 | -67.8% |
| Tangible fixed assets | 22/27 | €920,753 | €296,715 | -€624,038 | -67.8% |
| Land and buildings | 22 | €920,753 | €296,715 | -€624,038 | -67.8% |
| Current assets | 29/58 | €1,460,017 | €1,341,614 | -€118,403 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,457,547 | €1,320,774 | -€136,773 | -9.4% |
| Trade receivables | 40 | - | €1,179 | +€1,179 | |
| Other amounts receivable | 41 | €1,457,547 | €1,319,595 | -€137,952 | -9.5% |
| Cash at bank and in hand | 54/58 | €2,470 | €20,839 | +€18,370 | +743.8% |
| Total equity and liabilities | 10/49 | €2,380,770 | €1,638,329 | -€742,441 | -31.2% |
| Equity | 10/15 | €1,529,733 | €1,638,329 | +€108,596 | +7.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,303,514 | €280,702 | -€1.0m | -78.5% |
| Reserves | 13 | €50,000 | €484,469 | +€434,469 | +868.9% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | - | €434,469 | +€434,469 | |
| Profit (loss) carried forward | 14 | -€323,781 | €373,158 | +€696,939 | |
| Amounts payable | 17/49 | €851,037 | €0 | -€851,037 | -100.0% |
| Amounts payable within one year | 42/48 | €851,037 | €0 | -€851,037 | -100.0% |
| Financial debts | 43 | €839,500 | €0 | -€839,500 | -100.0% |
| Credit institutions | 430/8 | €839,500 | €0 | -€839,500 | -100.0% |
| Trade debts | 44 | €11,537 | €0 | -€11,537 | -100.0% |
| Suppliers | 440/4 | €11,537 | €0 | -€11,537 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,029 | €0 | -€40,029 | -100.0% |
| Other operating charges | 640/8 | €24,549 | €13,896 | -€10,654 | -43.4% |
| Non-recurring operating charges | 66A | - | €2,130 | +€2,130 | |
| Gross operating margin | 9900 | -€23,802 | €864,950 | +€888,752 | |
| Operating profit (loss) | 9901 | -€88,381 | €848,924 | +€937,305 | |
| Financial income | 75/76B | €9,425 | €7,261 | -€2,163 | -23.0% |
| Recurring financial income | 75 | €9,425 | €7,261 | -€2,163 | -23.0% |
| Financial charges | 65/66B | €57,613 | €21,684 | -€35,929 | -62.4% |
| Recurring financial charges | 65 | €57,613 | €21,684 | -€35,929 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | -€136,568 | €834,502 | +€971,071 | |
| Income taxes | 67/77 | - | €137,563 | +€137,563 | |
| Profit (loss) for the period | 9904 | -€136,568 | €696,939 | +€833,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€136,568 | €696,939 | +€833,508 |
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 8 October 2026 via checked.be.