ZOUBIDA BOURAS: 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.
ZOUBIDA BOURAS
Largest movements
- Cash +€49,247
up €49,247 (+78.6%), from €62,619 to €111,866
mainly Net result for the year (+€53,594) and Tax, wage and social debts (+€4,994)
- Deferred charges and accrued income +€4,869
up €4,869 (+64.1%), from €7,593 to €12,461
- Tangible fixed assets +€3,451
new in 2025: €3,451
- Receivables within one year +€2,000
new in 2025: €2,000
- Reserves +€53,594
up €53,594 (+67.7%), from €79,135 to €132,729
- Tax, wage and social debts +€4,994
up €4,994 (+34.0%), from €14,709 to €19,703
- Gross operating margin -€33,609
down €33,609 (-33.0%), from €101,872 to €68,262
- Taxes -€8,814
down €8,814 (-38.0%), from €23,209 to €14,394
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 | €98,711 | €158,278 | +€59,567 | +60.3% |
| Fixed assets | 21/28 | - | €3,451 | +€3,451 | |
| Tangible fixed assets | 22/27 | - | €3,451 | +€3,451 | |
| Furniture and vehicles | 24 | - | €3,451 | +€3,451 | |
| Current assets | 29/58 | €98,711 | €154,827 | +€56,116 | +56.8% |
| Amounts receivable after more than one year | 29 | €28,500 | €28,500 | = | 0.0% |
| Other amounts receivable | 291 | €28,500 | €28,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €62,619 | €111,866 | +€49,247 | +78.6% |
| Deferred charges and accrued income | 490/1 | €7,593 | €12,461 | +€4,869 | +64.1% |
| Total equity and liabilities | 10/49 | €98,711 | €158,278 | +€59,567 | +60.3% |
| Equity | 10/15 | €81,635 | €135,229 | +€53,594 | +65.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €79,135 | €132,729 | +€53,594 | +67.7% |
| Distributable reserves | 133 | €79,135 | €132,729 | +€53,594 | +67.7% |
| Amounts payable | 17/49 | €17,076 | €23,049 | +€5,973 | +35.0% |
| Amounts payable within one year | 42/48 | €17,076 | €23,049 | +€5,973 | +35.0% |
| Trade debts | 44 | €1,029 | €1,255 | +€226 | +22.0% |
| Suppliers | 440/4 | €1,029 | €1,255 | +€226 | +22.0% |
| Taxes, remuneration and social security | 45 | €14,709 | €19,703 | +€4,994 | +34.0% |
| Taxes | 450/3 | €14,709 | €19,703 | +€4,994 | +34.0% |
| Other amounts payable | 47/48 | €1,339 | €2,091 | +€752 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €776 | +€776 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €101,872 | €68,262 | -€33,609 | -33.0% |
| Operating profit (loss) | 9901 | €101,485 | €67,087 | -€34,398 | -33.9% |
| Financial income | 75/76B | €914 | €998 | +€83 | +9.1% |
| Recurring financial income | 75 | €914 | €998 | +€83 | +9.1% |
| Financial charges | 65/66B | €56 | €96 | +€40 | +71.9% |
| Recurring financial charges | 65 | €56 | €96 | +€40 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | €102,343 | €67,989 | -€34,355 | -33.6% |
| Income taxes | 67/77 | €23,209 | €14,394 | -€8,814 | -38.0% |
| Profit (loss) for the period | 9904 | €79,135 | €53,594 | -€25,541 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,135 | €53,594 | -€25,541 | -32.3% |
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.