ZORBA: 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.
ZORBA
Largest movements
- Cash -€55,973
down €55,973 (-77.5%), from €72,189 to €16,216
mainly Receivables within one year (-€33,629) and Advances received (-€16,150)
- Receivables within one year +€33,629
up €33,629 (+2453.3%), from €1,371 to €35,000
of which Other amounts receivable: +€33,629
- Tangible fixed assets -€9,952
down €9,952 (-56.7%), from €17,555 to €7,602
of which Other tangible fixed assets: -€5,583
- Advances received -€16,150
down €16,150 (-100.0%), from €16,150 to €0
- Reserves -€9,790
down €9,790 (-16.4%), from €59,860 to €50,070
of which Distributable reserves: -€9,790
- Trade debts -€3,153
down €3,153 (-46.9%), from €6,728 to €3,574
- Other debts -€2,593
down €2,593 (-38.9%), from €6,658 to €4,065
- Gross operating margin -€17,614
down €17,614 (-45.0%), from €39,113 to €21,500
- Taxes -€1,969
down €1,969 (-100.0%), from €1,969 to €0
- Depreciation -€1,836
down €1,836 (-15.6%), from €11,788 to €9,952
- Financial income -€1,736
down €1,736 (-62.4%), from €2,782 to €1,046
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 | €110,823 | €78,096 | -€32,727 | -29.5% |
| Fixed assets | 21/28 | €24,005 | €14,052 | -€9,952 | -41.5% |
| Tangible fixed assets | 22/27 | €17,555 | €7,602 | -€9,952 | -56.7% |
| Plant, machinery and equipment | 23 | €287 | €20 | -€267 | -93.2% |
| Furniture and vehicles | 24 | €4,102 | €0 | -€4,102 | -100.0% |
| Other tangible fixed assets | 26 | €13,166 | €7,583 | -€5,583 | -42.4% |
| Financial fixed assets | 28 | €6,450 | €6,450 | = | 0.0% |
| Current assets | 29/58 | €86,819 | €64,044 | -€22,775 | -26.2% |
| Stocks and contracts in progress | 3 | €12,598 | €11,963 | -€635 | -5.0% |
| Stocks | 30/36 | €12,598 | €11,963 | -€635 | -5.0% |
| Amounts receivable within one year | 40/41 | €1,371 | €35,000 | +€33,629 | +2453.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,371 | €35,000 | +€33,629 | +2453.3% |
| Cash at bank and in hand | 54/58 | €72,189 | €16,216 | -€55,973 | -77.5% |
| Deferred charges and accrued income | 490/1 | €661 | €865 | +€204 | +30.8% |
| Total equity and liabilities | 10/49 | €110,823 | €78,096 | -€32,727 | -29.5% |
| Equity | 10/15 | €78,614 | €68,670 | -€9,944 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,860 | €50,070 | -€9,790 | -16.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,000 | €48,210 | -€9,790 | -16.9% |
| Profit (loss) carried forward | 14 | €154 | €0 | -€154 | -100.0% |
| Amounts payable | 17/49 | €32,209 | €9,426 | -€22,783 | -70.7% |
| Amounts payable within one year | 42/48 | €32,209 | €9,426 | -€22,783 | -70.7% |
| Trade debts | 44 | €6,728 | €3,574 | -€3,153 | -46.9% |
| Suppliers | 440/4 | €6,728 | €3,574 | -€3,153 | -46.9% |
| Advances received on contracts in progress | 46 | €16,150 | €0 | -€16,150 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,674 | €1,787 | -€887 | -33.2% |
| Taxes | 450/3 | €2,271 | €386 | -€1,885 | -83.0% |
| Remuneration and social security | 454/9 | €402 | €1,401 | +€998 | +248.1% |
| Other amounts payable | 47/48 | €6,658 | €4,065 | -€2,593 | -38.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €17,086 | €17,361 | +€274 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,788 | €9,952 | -€1,836 | -15.6% |
| Other operating charges | 640/8 | €3,337 | €3,718 | +€381 | +11.4% |
| Gross operating margin | 9900 | €39,113 | €21,500 | -€17,614 | -45.0% |
| Operating profit (loss) | 9901 | €6,902 | -€9,531 | -€16,433 | |
| Financial income | 75/76B | €2,782 | €1,046 | -€1,736 | -62.4% |
| Recurring financial income | 75 | €2,782 | €1,046 | -€1,736 | -62.4% |
| Financial charges | 65/66B | €1,299 | €1,459 | +€161 | +12.4% |
| Recurring financial charges | 65 | €1,299 | €1,459 | +€161 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €8,386 | -€9,944 | -€18,330 | |
| Income taxes | 67/77 | €1,969 | €0 | -€1,969 | -100.0% |
| Profit (loss) for the period | 9904 | €6,417 | -€9,944 | -€16,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,417 | -€9,944 | -€16,361 |
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 11 October 2026 via checked.be.