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
- Receivables within one year +€116,755
up €116,755 (+290.8%), from €40,155 to €156,910
of which Other amounts receivable: +€116,785
- Tangible fixed assets -€30,452
down €30,452 (-6.5%), from €470,538 to €440,086
of which Land and buildings: -€23,662
- Cash -€12,781
down €12,781 (-31.8%), from €40,215 to €27,434
mainly Receivables within one year (-€116,755) and Contributions, distributions and other (-€37,308)
- Reserves +€48,385
up €48,385 (+13.4%), from €359,832 to €408,217
of which Distributable reserves: +€48,385
- Other debts +€32,204
up €32,204 (+1016.6%), from €3,168 to €35,372
- Debts after one year -€26,181
down €26,181 (-45.1%), from €58,091 to €31,910
- Tax, wage and social debts +€9,728
up €9,728 (+44.7%), from €21,754 to €31,482
of which Taxes: +€12,193
- Depreciation -€11,791
down €11,791 (-20.1%), from €58,560 to €46,769
- Gross operating margin -€5,359
down €5,359 (-1.7%), from €314,089 to €308,730
- Staff costs -€4,069
down €4,069 (-2.9%), from €141,078 to €137,009
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 | €554,131 | €627,435 | +€73,304 | +13.2% |
| Fixed assets | 21/28 | €472,956 | €443,091 | -€29,865 | -6.3% |
| Tangible fixed assets | 22/27 | €470,538 | €440,086 | -€30,452 | -6.5% |
| Land and buildings | 22 | €354,926 | €331,264 | -€23,662 | -6.7% |
| Plant, machinery and equipment | 23 | €114,967 | €108,495 | -€6,472 | -5.6% |
| Furniture and vehicles | 24 | €645 | €327 | -€318 | -49.3% |
| Financial fixed assets | 28 | €2,418 | €3,005 | +€587 | +24.3% |
| Current assets | 29/58 | €81,175 | €184,344 | +€103,169 | +127.1% |
| Amounts receivable within one year | 40/41 | €40,155 | €156,910 | +€116,755 | +290.8% |
| Trade receivables | 40 | €30 | - | -€30 | |
| Other amounts receivable | 41 | €40,125 | €156,910 | +€116,785 | +291.1% |
| Cash at bank and in hand | 54/58 | €40,215 | €27,434 | -€12,781 | -31.8% |
| Deferred charges and accrued income | 490/1 | €804 | - | -€804 | |
| Total equity and liabilities | 10/49 | €554,131 | €627,435 | +€73,304 | +13.2% |
| Equity | 10/15 | €421,819 | €470,204 | +€48,385 | +11.5% |
| Contributions | 10/11 | €61,987 | €61,987 | = | 0.0% |
| Capital | 10 | €61,987 | €61,987 | = | 0.0% |
| Issued capital | 100 | €61,987 | €61,987 | = | 0.0% |
| Reserves | 13 | €359,832 | €408,217 | +€48,385 | +13.4% |
| Non-distributable reserves | 130/1 | €5,400 | €5,400 | = | 0.0% |
| Legal reserve | 130 | €5,400 | €5,400 | = | 0.0% |
| Distributable reserves | 133 | €354,432 | €402,817 | +€48,385 | +13.7% |
| Amounts payable | 17/49 | €132,311 | €157,231 | +€24,920 | +18.8% |
| Amounts payable after more than one year | 17 | €58,091 | €31,910 | -€26,181 | -45.1% |
| Financial debts | 170/4 | €58,091 | €31,910 | -€26,181 | -45.1% |
| Amounts payable within one year | 42/48 | €74,220 | €125,321 | +€51,101 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €29,208 | €33,348 | +€4,140 | +14.2% |
| Financial debts | 43 | €8,952 | €8,727 | -€224 | -2.5% |
| Credit institutions | 430/8 | €2,814 | €2,609 | -€206 | -7.3% |
| Other loans | 439 | €6,138 | €6,119 | -€19 | -0.3% |
| Trade debts | 44 | €11,139 | €16,392 | +€5,253 | +47.2% |
| Suppliers | 440/4 | €11,139 | €16,392 | +€5,253 | +47.2% |
| Taxes, remuneration and social security | 45 | €21,754 | €31,482 | +€9,728 | +44.7% |
| Taxes | 450/3 | €6,052 | €18,245 | +€12,193 | +201.5% |
| Remuneration and social security | 454/9 | €15,702 | €13,238 | -€2,464 | -15.7% |
| Other amounts payable | 47/48 | €3,168 | €35,372 | +€32,204 | +1016.6% |
| Non-recurring operating income | 76A | €0 | €6 | +€6 | +32100.0% |
| Remuneration, social security and pensions | 62 | €141,078 | €137,009 | -€4,069 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,560 | €46,769 | -€11,791 | -20.1% |
| Other operating charges | 640/8 | - | €117 | +€117 | |
| Gross operating margin | 9900 | €314,089 | €308,730 | -€5,359 | -1.7% |
| Operating profit (loss) | 9901 | €114,452 | €124,836 | +€10,384 | +9.1% |
| Financial income | 75/76B | €64 | €404 | +€341 | +535.6% |
| Recurring financial income | 75 | €64 | €404 | +€341 | +535.6% |
| Financial charges | 65/66B | €6,638 | €4,892 | -€1,746 | -26.3% |
| Recurring financial charges | 65 | €6,638 | €4,891 | -€1,746 | -26.3% |
| Non-recurring financial charges | 66B | €0 | €0 | +€0 | +1000.0% |
| Profit (loss) for the period before taxes | 9903 | €107,878 | €120,348 | +€12,471 | +11.6% |
| Income taxes | 67/77 | €34,090 | €34,656 | +€565 | +1.7% |
| Profit (loss) for the period | 9904 | €73,787 | €85,693 | +€11,905 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,787 | €85,693 | +€11,905 | +16.1% |
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 6 October 2026 via checked.be.