Z.I.G.: 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.I.G.
Largest movements
- Current investments +€50,000
up €50,000 (+199%), from €25,125 to €75,125
- Tangible fixed assets +€40,325
up €40,325 (+272%), from €14,830 to €55,155
of which Leasing and similar rights: +€40,172
- Cash -€37,053
down €37,053 (-44.3%), from €83,652 to €46,599
mainly Investment in fixed assets (net) (-€50,670) and Current investments (-€50,000)
- Intangible fixed assets -€23,349
down €23,349 (-33.3%), from €70,046 to €46,697
- Contributions -€35,000
down €35,000 (-23.3%), from €150,000 to €115,000
- Debts after one year +€29,407
new in 2024: €29,407
- Other debts +€25,915
up €25,915 (+29.9%), from €86,672 to €112,587
- Current portion of long-term debt +€8,402
up €8,402, from €0 to €8,402
- Tax, wage and social debts +€4,683
up €4,683 (+194%), from €2,417 to €7,100
of which Taxes: +€4,683
- Depreciation +€29,289
up €29,289 (+665%), from €4,404 to €33,693
- Gross operating margin +€22,694
up €22,694 (+202%), from €11,212 to €33,906
- Financial income +€12,634
up €12,634 (+6,317,020%), from €0 to €12,634
of which Non-recurring financial income: +€12,634
- Taxes +€6,694
up €6,694 (+872%), from €768 to €7,462
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,138 | €315,370 | +€30,232 | +10.6% |
| Fixed assets | 21/28 | €162,876 | €179,852 | +€16,977 | +10.4% |
| Intangible fixed assets | 21 | €70,046 | €46,697 | -€23,349 | -33.3% |
| Tangible fixed assets | 22/27 | €14,830 | €55,155 | +€40,325 | +272% |
| Plant, machinery and equipment | 23 | €3,936 | €6,597 | +€2,661 | +67.6% |
| Furniture and vehicles | 24 | €2,508 | €1,701 | -€807 | -32.2% |
| Leasing and similar rights | 25 | - | €40,172 | +€40,172 | |
| Other tangible fixed assets | 26 | €8,386 | €6,685 | -€1,701 | -20.3% |
| Financial fixed assets | 28 | €78,000 | €78,000 | = | 0.0% |
| Current assets | 29/58 | €122,262 | €135,518 | +€13,256 | +10.8% |
| Amounts receivable within one year | 40/41 | €2,279 | €1,897 | -€383 | -16.8% |
| Trade receivables | 40 | - | €165 | +€165 | |
| Other amounts receivable | 41 | €2,279 | €1,732 | -€547 | -24.0% |
| Current investments | 50/53 | €25,125 | €75,125 | +€50,000 | +199% |
| Cash at bank and in hand | 54/58 | €83,652 | €46,599 | -€37,053 | -44.3% |
| Deferred charges and accrued income | 490/1 | €11,206 | €11,898 | +€692 | +6.2% |
| Total equity and liabilities | 10/49 | €285,138 | €315,370 | +€30,232 | +10.6% |
| Equity | 10/15 | €163,398 | €125,299 | -€38,099 | -23.3% |
| Contributions | 10/11 | €150,000 | €115,000 | -€35,000 | -23.3% |
| Reserves | 13 | €23,592 | €23,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €23,592 | €23,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,194 | -€13,294 | -€3,099 | -30.4% |
| Provisions and deferred taxes | 16 | €27,463 | €27,463 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €27,463 | €27,463 | = | 0.0% |
| Pensions and similar obligations | 160 | €27,463 | €27,463 | = | 0.0% |
| Amounts payable | 17/49 | €94,277 | €162,608 | +€68,332 | +72.5% |
| Amounts payable after more than one year | 17 | - | €29,407 | +€29,407 | |
| Financial debts | 170/4 | - | €29,407 | +€29,407 | |
| Amounts payable within one year | 42/48 | €94,277 | €133,202 | +€38,925 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €8,402 | +€8,402 | |
| Trade debts | 44 | €5,188 | €5,113 | -€76 | -1.5% |
| Suppliers | 440/4 | €5,188 | €5,113 | -€76 | -1.5% |
| Taxes, remuneration and social security | 45 | €2,417 | €7,100 | +€4,683 | +194% |
| Taxes | 450/3 | €1,717 | €6,400 | +€4,683 | +273% |
| Remuneration and social security | 454/9 | €700 | €700 | = | 0.0% |
| Other amounts payable | 47/48 | €86,672 | €112,587 | +€25,915 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,404 | €33,693 | +€29,289 | +665% |
| Other operating charges | 640/8 | €782 | €569 | -€213 | -27.2% |
| Non-recurring operating charges | 66A | - | €1,372 | +€1,372 | |
| Gross operating margin | 9900 | €11,212 | €33,906 | +€22,694 | +202% |
| Operating profit (loss) | 9901 | €6,026 | -€1,728 | -€7,753 | |
| Financial income | 75/76B | €0 | €12,634 | +€12,634 | +6,317,020% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Non-recurring financial income | 76B | - | €12,634 | +€12,634 | |
| Financial charges | 65/66B | €6,240 | €6,544 | +€305 | +4.9% |
| Recurring financial charges | 65 | €6,240 | €6,544 | +€305 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€214 | €4,362 | +€4,576 | |
| Income taxes | 67/77 | €768 | €7,462 | +€6,694 | +872% |
| Profit (loss) for the period | 9904 | -€982 | -€3,099 | -€2,118 | -216% |
| Profit (loss) for the period to be appropriated | 9905 | -€982 | -€3,099 | -€2,118 | -216% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.