David ZYGAS: 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.
David ZYGAS
Largest movements
- Receivables within one year -€89,947
down €89,947 (-99.0%), from €90,818 to €871
- Cash +€42,438
up €42,438 (+26.6%), from €159,450 to €201,888
mainly Receivables within one year (+€89,947) and Net result for the year (+€88,033)
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Deferred charges and accrued income -€4,692
no longer reported in 2025 (was €4,692)
- Other debts -€87,341
down €87,341 (-34.6%), from €252,750 to €165,408
- Gross operating margin +€10,655
up €10,655 (+10.6%), from €100,185 to €110,840
- Financial income -€4,178
down €4,178 (-76.6%), from €5,451 to €1,273
- Taxes +€1,646
up €1,646 (+7.4%), from €22,330 to €23,976
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.
Derived cash bridge
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 | €284,960 | €202,759 | -€82,201 | -28.8% |
| Current assets | 29/58 | €284,960 | €202,759 | -€82,201 | -28.8% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €90,818 | €871 | -€89,947 | -99.0% |
| Other amounts receivable | 41 | €90,818 | €871 | -€89,947 | -99.0% |
| Cash at bank and in hand | 54/58 | €159,450 | €201,888 | +€42,438 | +26.6% |
| Deferred charges and accrued income | 490/1 | €4,692 | - | -€4,692 | |
| Total equity and liabilities | 10/49 | €284,960 | €202,759 | -€82,201 | -28.8% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €280,960 | €198,759 | -€82,201 | -29.3% |
| Amounts payable within one year | 42/48 | €280,960 | €198,759 | -€82,201 | -29.3% |
| Trade debts | 44 | €1,819 | €4,238 | +€2,420 | +133% |
| Suppliers | 440/4 | €1,819 | €4,238 | +€2,420 | +133% |
| Taxes, remuneration and social security | 45 | €26,392 | €29,112 | +€2,720 | +10.3% |
| Taxes | 450/3 | €26,392 | €29,112 | +€2,720 | +10.3% |
| Other amounts payable | 47/48 | €252,750 | €165,408 | -€87,341 | -34.6% |
| Gross operating margin | 9900 | €100,185 | €110,840 | +€10,655 | +10.6% |
| Operating profit (loss) | 9901 | €100,185 | €110,840 | +€10,655 | +10.6% |
| Financial income | 75/76B | €5,451 | €1,273 | -€4,178 | -76.6% |
| Recurring financial income | 75 | €5,451 | €1,273 | -€4,178 | -76.6% |
| Financial charges | 65/66B | €137 | €104 | -€34 | -24.5% |
| Recurring financial charges | 65 | €137 | €104 | -€34 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €105,498 | €112,009 | +€6,511 | +6.2% |
| Income taxes | 67/77 | €22,330 | €23,976 | +€1,646 | +7.4% |
| Profit (loss) for the period | 9904 | €83,168 | €88,033 | +€4,865 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,168 | €88,033 | +€4,865 | +5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.