ZAG: 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.
ZAG
Largest movements
- Cash +€11,130
up €11,130 (+333.4%), from €3,338 to €14,468
mainly Advances received (+€6,890) and Depreciation (+€6,646)
- Receivables within one year +€10,162
up €10,162 (+32.4%), from €31,353 to €41,515
of which Other amounts receivable: +€10,200
- Tangible fixed assets -€7,217
down €7,217 (-44.6%), from €16,189 to €8,972
of which Furniture and vehicles: -€5,550
- Deferred charges and accrued income -€6,233
down €6,233 (-57.7%), from €10,794 to €4,561
- Stocks and contracts -€4,839
down €4,839 (-27.5%), from €17,595 to €12,757
- Trade debts -€10,580
down €10,580 (-65.8%), from €16,089 to €5,509
- Advances received +€6,890
new in 2024: €6,890
- Profit (loss) carried forward +€6,329
up €6,329 (+13.4%), from €47,140 to €53,468
- Gross operating margin +€10,820
up €10,820 (+11.5%), from €94,465 to €105,285
- Staff costs +€9,073
up €9,073 (+11.4%), from €79,577 to €88,650
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 | €79,459 | €82,963 | +€3,504 | +4.4% |
| Fixed assets | 21/28 | €16,379 | €9,662 | -€6,717 | -41.0% |
| Tangible fixed assets | 22/27 | €16,189 | €8,972 | -€7,217 | -44.6% |
| Plant, machinery and equipment | 23 | €5,168 | €3,501 | -€1,668 | -32.3% |
| Furniture and vehicles | 24 | €11,021 | €5,471 | -€5,550 | -50.4% |
| Financial fixed assets | 28 | €190 | €690 | +€500 | +263.2% |
| Current assets | 29/58 | €63,080 | €73,301 | +€10,221 | +16.2% |
| Stocks and contracts in progress | 3 | €17,595 | €12,757 | -€4,839 | -27.5% |
| Stocks | 30/36 | €17,595 | €12,757 | -€4,839 | -27.5% |
| Amounts receivable within one year | 40/41 | €31,353 | €41,515 | +€10,162 | +32.4% |
| Trade receivables | 40 | €8,144 | €8,106 | -€38 | -0.5% |
| Other amounts receivable | 41 | €23,208 | €33,409 | +€10,200 | +44.0% |
| Cash at bank and in hand | 54/58 | €3,338 | €14,468 | +€11,130 | +333.4% |
| Deferred charges and accrued income | 490/1 | €10,794 | €4,561 | -€6,233 | -57.7% |
| Total equity and liabilities | 10/49 | €79,459 | €82,963 | +€3,504 | +4.4% |
| Equity | 10/15 | €52,140 | €58,468 | +€6,329 | +12.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,140 | €53,468 | +€6,329 | +13.4% |
| Amounts payable | 17/49 | €27,319 | €24,495 | -€2,825 | -10.3% |
| Amounts payable within one year | 42/48 | €27,319 | €24,495 | -€2,825 | -10.3% |
| Trade debts | 44 | €16,089 | €5,509 | -€10,580 | -65.8% |
| Suppliers | 440/4 | €16,089 | €5,509 | -€10,580 | -65.8% |
| Advances received on contracts in progress | 46 | - | €6,890 | +€6,890 | |
| Taxes, remuneration and social security | 45 | €11,230 | €11,520 | +€290 | +2.6% |
| Taxes | 450/3 | €3,298 | €4,267 | +€969 | +29.4% |
| Remuneration and social security | 454/9 | €7,932 | €7,253 | -€679 | -8.6% |
| Other amounts payable | 47/48 | - | €575 | +€575 | |
| Remuneration, social security and pensions | 62 | €79,577 | €88,650 | +€9,073 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,690 | €6,646 | -€1,044 | -13.6% |
| Other operating charges | 640/8 | €2,891 | €3,526 | +€636 | +22.0% |
| Gross operating margin | 9900 | €94,465 | €105,285 | +€10,820 | +11.5% |
| Operating profit (loss) | 9901 | €4,307 | €6,463 | +€2,155 | +50.0% |
| Financial income | 75/76B | €179 | €723 | +€544 | +303.8% |
| Recurring financial income | 75 | €179 | €723 | +€544 | +303.8% |
| Financial charges | 65/66B | €181 | €709 | +€527 | +291.1% |
| Recurring financial charges | 65 | €181 | €709 | +€527 | +291.1% |
| Profit (loss) for the period before taxes | 9903 | €4,305 | €6,477 | +€2,172 | +50.5% |
| Income taxes | 67/77 | €157 | €149 | -€9 | -5.5% |
| Profit (loss) for the period | 9904 | €4,148 | €6,329 | +€2,181 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,148 | €6,329 | +€2,181 | +52.6% |
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 1 October 2026 via checked.be.