Z&G GROUP: 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.
Z&G GROUP
Largest movements
- Receivables within one year +€564
up €564 (+1.7%), from €32,932 to €33,495
- Cash +€530
up €530 (+2,199%), from €24 to €554
mainly Accrued charges and deferred income (+€1,172) and Depreciation (+€230)
- Accrued charges and deferred income +€1,172
new in 2025: €1,172
- Profit (loss) carried forward -€427
down €427 (-5.2%), from €8,207 to €7,780
- Gross operating margin +€1,778
new in 2025: €1,778
- Financial charges +€861
up €861 (+638%), from €135 to €996
- Other operating charges +€450
up €450 (+85.3%), from €528 to €978
- Depreciation -€26
down €26 (-10.0%), from €256 to €230
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 | €33,207 | €34,157 | +€951 | +2.9% |
| Fixed assets | 21/28 | €251 | €20 | -€230 | -91.8% |
| Tangible fixed assets | 22/27 | €251 | €20 | -€230 | -91.8% |
| Plant, machinery and equipment | 23 | €251 | €20 | -€230 | -91.8% |
| Current assets | 29/58 | €32,956 | €34,137 | +€1,181 | +3.6% |
| Amounts receivable within one year | 40/41 | €32,932 | €33,495 | +€564 | +1.7% |
| Other amounts receivable | 41 | €32,932 | €33,495 | +€564 | +1.7% |
| Cash at bank and in hand | 54/58 | €24 | €554 | +€530 | +2,199% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €33,207 | €34,157 | +€951 | +2.9% |
| Equity | 10/15 | €33,207 | €32,780 | -€427 | -1.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,207 | €7,780 | -€427 | -5.2% |
| Amounts payable | 17/49 | - | €1,377 | +€1,377 | |
| Amounts payable within one year | 42/48 | - | €206 | +€206 | |
| Trade debts | 44 | - | €206 | +€206 | |
| Suppliers | 440/4 | - | €206 | +€206 | |
| Accrued charges and deferred income | 492/3 | - | €1,172 | +€1,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €230 | -€26 | -10.0% |
| Other operating charges | 640/8 | €528 | €978 | +€450 | +85.3% |
| Gross operating margin | 9900 | - | €1,778 | +€1,778 | |
| Operating profit (loss) | 9901 | -€784 | €569 | +€1,353 | |
| Financial charges | 65/66B | €135 | €996 | +€861 | +638% |
| Recurring financial charges | 65 | €135 | €996 | +€861 | +638% |
| Profit (loss) for the period before taxes | 9903 | -€919 | -€427 | +€492 | +53.6% |
| Profit (loss) for the period | 9904 | -€919 | -€427 | +€492 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€919 | -€427 | +€492 | +53.6% |
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 31 October 2026 via checked.be.