Z.D.: 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.
Z.D.
Largest movements
- Tangible fixed assets -€364,067
down €364,067 (-89.4%), from €407,067 to €43,000
of which Land and buildings: -€407,067
- Cash -€9,237
down €9,237 (-5.6%), from €163,615 to €154,378
mainly Debts after one year (-€387,000) and Provisions (-€121,210)
- Receivables within one year +€8,151
up €8,151 (+7.0%), from €116,203 to €124,353
- Debts after one year -€387,000
no longer reported in 2022 (was €387,000)
- Profit (loss) carried forward +€258,125
up €258,125, from -€125,596 to €132,529
- Reserves -€228,896
down €228,896 (-97.2%), from €235,395 to €6,499
of which Tax-exempt reserves: -€235,395
- Provisions -€121,210
no longer reported in 2022 (was €121,210)
- Tax, wage and social debts +€117,480
new in 2022: €117,480
- Taxes +€117,480
new in 2022: €117,480
- Gross operating margin +€22,135
up €22,135, from -€4,736 to €17,399
- Depreciation -€11,467
no longer reported in 2022 (was €11,467)
- Financial income +€1,220
up €1,220 (+17.3%), from €7,072 to €8,292
- Other operating charges -€257
down €257 (-72.0%), from €357 to €100
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,884 | €321,732 | -€365,153 | -53.2% |
| Fixed assets | 21/28 | €407,067 | €43,000 | -€364,067 | -89.4% |
| Tangible fixed assets | 22/27 | €407,067 | €43,000 | -€364,067 | -89.4% |
| Land and buildings | 22 | €407,067 | - | -€407,067 | |
| Assets under construction and advance payments | 27 | - | €43,000 | +€43,000 | |
| Current assets | 29/58 | €279,818 | €278,732 | -€1,086 | -0.4% |
| Amounts receivable within one year | 40/41 | €116,203 | €124,353 | +€8,151 | +7.0% |
| Other amounts receivable | 41 | €116,203 | €124,353 | +€8,151 | +7.0% |
| Cash at bank and in hand | 54/58 | €163,615 | €154,378 | -€9,237 | -5.6% |
| Total equity and liabilities | 10/49 | €686,884 | €321,732 | -€365,153 | -53.2% |
| Equity | 10/15 | €174,786 | €204,015 | +€29,229 | +16.7% |
| Contributions | 10/11 | €64,987 | €64,987 | = | 0.0% |
| Capital | 10 | €64,987 | €64,987 | = | 0.0% |
| Issued capital | 100 | €64,987 | €64,987 | = | 0.0% |
| Reserves | 13 | €235,395 | €6,499 | -€228,896 | -97.2% |
| Non-distributable reserves | 130/1 | - | €6,499 | +€6,499 | |
| Legal reserve | 130 | - | €6,499 | +€6,499 | |
| Tax-exempt reserves | 132 | €235,395 | - | -€235,395 | |
| Profit (loss) carried forward | 14 | -€125,596 | €132,529 | +€258,125 | |
| Provisions and deferred taxes | 16 | €121,210 | - | -€121,210 | |
| Deferred taxes | 168 | €121,210 | - | -€121,210 | |
| Amounts payable | 17/49 | €390,889 | €117,717 | -€273,172 | -69.9% |
| Amounts payable after more than one year | 17 | €387,000 | - | -€387,000 | |
| Financial debts | 170/4 | €387,000 | - | -€387,000 | |
| Amounts payable within one year | 42/48 | €3,889 | €117,717 | +€113,828 | +2927.2% |
| Trade debts | 44 | €3,889 | €237 | -€3,651 | -93.9% |
| Suppliers | 440/4 | €3,889 | €237 | -€3,651 | -93.9% |
| Taxes, remuneration and social security | 45 | - | €117,480 | +€117,480 | |
| Taxes | 450/3 | - | €117,480 | +€117,480 | |
| Non-recurring operating income | 76A | - | €22,933 | +€22,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,467 | - | -€11,467 | |
| Other operating charges | 640/8 | €357 | €100 | -€257 | -72.0% |
| Gross operating margin | 9900 | -€4,736 | €17,399 | +€22,135 | |
| Operating profit (loss) | 9901 | -€16,559 | €17,299 | +€33,858 | |
| Financial income | 75/76B | €7,072 | €8,292 | +€1,220 | +17.3% |
| Recurring financial income | 75 | €7,072 | €8,292 | +€1,220 | +17.3% |
| Financial charges | 65/66B | €58 | €92 | +€34 | +58.6% |
| Recurring financial charges | 65 | €58 | €92 | +€34 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,545 | €25,499 | +€35,044 | |
| Transfer from deferred taxes | 780 | - | €121,210 | +€121,210 | |
| Income taxes | 67/77 | - | €117,480 | +€117,480 | |
| Profit (loss) for the period | 9904 | -€9,545 | €29,229 | +€38,774 | |
| Transfer from tax-exempt reserves | 789 | - | €235,395 | +€235,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,545 | €264,624 | +€274,169 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.