ZUPPA: 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.
ZUPPA
Largest movements
- Cash +€37,066
up €37,066 (+155.7%), from €23,813 to €60,879
mainly Net result for the year (+€37,576) and Depreciation (+€29,980)
- Tangible fixed assets -€29,980
down €29,980 (-22.5%), from €133,078 to €103,097
- Receivables within one year +€14,098
up €14,098 (+45.0%), from €31,306 to €45,404
of which Trade receivables: +€15,591
- Profit (loss) carried forward +€37,576
up €37,576, from -€18,641 to €18,935
- Debts after one year -€19,827
down €19,827 (-26.8%), from €73,927 to €54,100
- Other debts -€16,940
down €16,940 (-22.7%), from €74,598 to €57,658
- Trade debts +€10,994
up €10,994 (+71.7%), from €15,336 to €26,331
- Tax, wage and social debts +€8,554
up €8,554 (+251.4%), from €3,402 to €11,956
- Gross operating margin +€74,077
up €74,077, from -€2,469 to €71,609
- Depreciation -€6,199
down €6,199 (-17.1%), from €36,179 to €29,980
- Financial charges -€891
down €891 (-20.9%), from €4,259 to €3,368
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 | €188,227 | €209,900 | +€21,673 | +11.5% |
| Fixed assets | 21/28 | €133,078 | €103,097 | -€29,980 | -22.5% |
| Tangible fixed assets | 22/27 | €133,078 | €103,097 | -€29,980 | -22.5% |
| Land and buildings | 22 | €5,943 | €3,988 | -€1,955 | -32.9% |
| Plant, machinery and equipment | 23 | €11,039 | €5,174 | -€5,865 | -53.1% |
| Furniture and vehicles | 24 | €26,328 | €15,475 | -€10,853 | -41.2% |
| Other tangible fixed assets | 26 | €89,769 | €78,461 | -€11,308 | -12.6% |
| Current assets | 29/58 | €55,149 | €106,803 | +€51,654 | +93.7% |
| Amounts receivable within one year | 40/41 | €31,306 | €45,404 | +€14,098 | +45.0% |
| Trade receivables | 40 | €29,813 | €45,404 | +€15,591 | +52.3% |
| Other amounts receivable | 41 | €1,493 | - | -€1,493 | |
| Cash at bank and in hand | 54/58 | €23,813 | €60,879 | +€37,066 | +155.7% |
| Deferred charges and accrued income | 490/1 | €30 | €520 | +€490 | +1610.7% |
| Total equity and liabilities | 10/49 | €188,227 | €209,900 | +€21,673 | +11.5% |
| Equity | 10/15 | €1,619 | €39,195 | +€37,576 | +2321.2% |
| Contributions | 10/11 | €18,400 | €18,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,641 | €18,935 | +€37,576 | |
| Amounts payable | 17/49 | €186,608 | €170,705 | -€15,903 | -8.5% |
| Amounts payable after more than one year | 17 | €73,927 | €54,100 | -€19,827 | -26.8% |
| Financial debts | 170/4 | €73,927 | €54,100 | -€19,827 | -26.8% |
| Amounts payable within one year | 42/48 | €112,681 | €116,605 | +€3,924 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €19,084 | €19,827 | +€743 | +3.9% |
| Trade debts | 44 | €15,336 | €26,331 | +€10,994 | +71.7% |
| Suppliers | 440/4 | €15,336 | €26,331 | +€10,994 | +71.7% |
| Advances received on contracts in progress | 46 | €261 | €834 | +€573 | +219.4% |
| Taxes, remuneration and social security | 45 | €3,402 | €11,956 | +€8,554 | +251.4% |
| Taxes | 450/3 | €3,402 | €11,956 | +€8,554 | +251.4% |
| Other amounts payable | 47/48 | €74,598 | €57,658 | -€16,940 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,179 | €29,980 | -€6,199 | -17.1% |
| Other operating charges | 640/8 | €179 | €87 | -€92 | -51.4% |
| Gross operating margin | 9900 | -€2,469 | €71,609 | +€74,077 | |
| Operating profit (loss) | 9901 | -€38,827 | €41,541 | +€80,368 | |
| Financial income | 75/76B | €18 | €199 | +€181 | +1011.8% |
| Recurring financial income | 75 | €18 | €199 | +€181 | +1011.8% |
| Financial charges | 65/66B | €4,259 | €3,368 | -€891 | -20.9% |
| Recurring financial charges | 65 | €4,259 | €3,368 | -€891 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,068 | €38,372 | +€81,440 | |
| Income taxes | 67/77 | €472 | €796 | +€324 | +68.6% |
| Profit (loss) for the period | 9904 | -€43,540 | €37,576 | +€81,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,540 | €37,576 | +€81,117 |
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 30 September 2026 via checked.be.