Z2A: 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.
Z2A
Largest movements
- Tangible fixed assets -€6,014
down €6,014 (-32.9%), from €18,302 to €12,287
of which Furniture and vehicles: -€5,240
- Cash +€5,061
up €5,061 (+988.2%), from €512 to €5,573
mainly Trade debts (+€10,925) and Depreciation (+€6,014)
- Trade debts +€10,925
up €10,925 (+262.6%), from €4,160 to €15,085
- Other debts -€7,917
down €7,917 (-6.4%), from €123,062 to €115,145
- Current portion of long-term debt -€6,256
no longer reported in 2024 (was €6,256)
- Profit (loss) carried forward +€2,941
up €2,941 (+4.6%), from -€63,515 to -€60,574
- Gross operating margin +€8,101
up €8,101 (+205.2%), from €3,947 to €12,048
- Turnover +€7,521
up €7,521 (+3.4%), from €221,264 to €228,785
- Purchases and services +€4,063
up €4,063 (+1.9%), from €217,317 to €221,381
- Other operating charges -€2,903
down €2,903 (-70.6%), from €4,115 to €1,212
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.
Cash bridge derived
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 | €134,668 | €133,537 | -€1,131 | -0.8% |
| Fixed assets | 21/28 | €24,902 | €18,887 | -€6,014 | -24.2% |
| Tangible fixed assets | 22/27 | €18,302 | €12,287 | -€6,014 | -32.9% |
| Plant, machinery and equipment | 23 | €2,066 | €1,549 | -€516 | -25.0% |
| Furniture and vehicles | 24 | €15,720 | €10,480 | -€5,240 | -33.3% |
| Other tangible fixed assets | 26 | €516 | €258 | -€258 | -50.0% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €109,766 | €114,650 | +€4,883 | +4.4% |
| Stocks and contracts in progress | 3 | €81,867 | €80,544 | -€1,322 | -1.6% |
| Stocks | 30/36 | €81,867 | €80,544 | -€1,322 | -1.6% |
| Amounts receivable within one year | 40/41 | €27,388 | €28,532 | +€1,144 | +4.2% |
| Trade receivables | 40 | €27,100 | €26,192 | -€908 | -3.3% |
| Other amounts receivable | 41 | €288 | €2,340 | +€2,052 | +712.6% |
| Cash at bank and in hand | 54/58 | €512 | €5,573 | +€5,061 | +988.2% |
| Total equity and liabilities | 10/49 | €134,668 | €133,537 | -€1,131 | -0.8% |
| Equity | 10/15 | -€44,915 | -€41,974 | +€2,941 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,515 | -€60,574 | +€2,941 | +4.6% |
| Amounts payable | 17/49 | €179,583 | €175,511 | -€4,072 | -2.3% |
| Amounts payable after more than one year | 17 | €45,205 | €45,205 | = | 0.0% |
| Financial debts | 170/4 | €23,205 | €23,205 | = | 0.0% |
| Other amounts payable | 178/9 | €22,000 | €22,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €134,378 | €130,306 | -€4,072 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €6,256 | - | -€6,256 | |
| Trade debts | 44 | €4,160 | €15,085 | +€10,925 | +262.6% |
| Suppliers | 440/4 | €4,160 | €15,085 | +€10,925 | +262.6% |
| Taxes, remuneration and social security | 45 | €900 | €76 | -€824 | -91.5% |
| Taxes | 450/3 | €900 | €76 | -€824 | -91.5% |
| Other amounts payable | 47/48 | €123,062 | €115,145 | -€7,917 | -6.4% |
| Turnover | 70 | €221,264 | €228,785 | +€7,521 | +3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €217,317 | €221,381 | +€4,063 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,402 | €6,014 | -€388 | -6.1% |
| Other operating charges | 640/8 | €4,115 | €1,212 | -€2,903 | -70.6% |
| Non-recurring operating charges | 66A | €350 | - | -€350 | |
| Gross operating margin | 9900 | €3,947 | €12,048 | +€8,101 | +205.2% |
| Operating profit (loss) | 9901 | -€6,920 | €4,822 | +€11,742 | |
| Financial charges | 65/66B | €1,787 | €1,881 | +€94 | +5.3% |
| Recurring financial charges | 65 | €1,787 | €1,881 | +€94 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,707 | €2,941 | +€11,647 | |
| Profit (loss) for the period | 9904 | -€8,707 | €2,941 | +€11,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,707 | €2,941 | +€11,647 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.