ZAG LOGISTIQUE: 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.
ZAG LOGISTIQUE
Largest movements
- Tangible fixed assets +€38,443
up €38,443 (+402.5%), from €9,551 to €47,994
- Receivables within one year -€4,484
down €4,484 (-21.8%), from €20,592 to €16,108
- Trade debts +€28,745
up €28,745 (+188.1%), from €15,281 to €44,025
- Profit (loss) carried forward +€7,187
up €7,187, from -€7,065 to €121
- Other debts -€2,314
down €2,314 (-10.8%), from €21,505 to €19,191
- Tax, wage and social debts +€1,580
up €1,580 (+307.0%), from €515 to €2,094
- Purchases and services +€27,634
up €27,634 (+76.6%), from €36,087 to €63,720
- Gross operating margin +€13,383
up €13,383 (+283.3%), from €4,724 to €18,107
- Other operating charges +€3,934
up €3,934 (+557.2%), from €706 to €4,639
- Depreciation +€2,745
up €2,745 (+92.2%), from €2,978 to €5,724
- Taxes +€348
new in 2025: €348
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.
Cash bridge derived
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 | €32,235 | €67,432 | +€35,197 | +109.2% |
| Fixed assets | 21/28 | €9,551 | €47,994 | +€38,443 | +402.5% |
| Tangible fixed assets | 22/27 | €9,551 | €47,994 | +€38,443 | +402.5% |
| Furniture and vehicles | 24 | €9,551 | €47,994 | +€38,443 | +402.5% |
| Current assets | 29/58 | €22,684 | €19,437 | -€3,246 | -14.3% |
| Amounts receivable within one year | 40/41 | €20,592 | €16,108 | -€4,484 | -21.8% |
| Trade receivables | 40 | €20,592 | €16,108 | -€4,484 | -21.8% |
| Cash at bank and in hand | 54/58 | €1,317 | €1,894 | +€577 | +43.8% |
| Deferred charges and accrued income | 490/1 | €775 | €1,436 | +€661 | +85.3% |
| Total equity and liabilities | 10/49 | €32,235 | €67,432 | +€35,197 | +109.2% |
| Equity | 10/15 | -€5,065 | €2,121 | +€7,187 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,065 | €121 | +€7,187 | |
| Amounts payable | 17/49 | €37,300 | €65,311 | +€28,010 | +75.1% |
| Amounts payable within one year | 42/48 | €37,300 | €65,311 | +€28,010 | +75.1% |
| Trade debts | 44 | €15,281 | €44,025 | +€28,745 | +188.1% |
| Suppliers | 440/4 | €15,281 | €44,025 | +€28,745 | +188.1% |
| Taxes, remuneration and social security | 45 | €515 | €2,094 | +€1,580 | +307.0% |
| Taxes | 450/3 | €515 | €2,094 | +€1,580 | +307.0% |
| Other amounts payable | 47/48 | €21,505 | €19,191 | -€2,314 | -10.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,087 | €63,720 | +€27,634 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,978 | €5,724 | +€2,745 | +92.2% |
| Other operating charges | 640/8 | €706 | €4,639 | +€3,934 | +557.2% |
| Gross operating margin | 9900 | €4,724 | €18,107 | +€13,383 | +283.3% |
| Operating profit (loss) | 9901 | €1,040 | €7,744 | +€6,704 | +644.6% |
| Financial income | 75/76B | €1 | €1 | -€1 | -58.2% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -58.2% |
| Financial charges | 65/66B | €153 | €210 | +€57 | +37.4% |
| Recurring financial charges | 65 | €153 | €210 | +€57 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €889 | €7,535 | +€6,646 | +748.0% |
| Income taxes | 67/77 | - | €348 | +€348 | |
| Profit (loss) for the period | 9904 | €889 | €7,187 | +€6,298 | +708.7% |
| Profit (loss) for the period to be appropriated | 9905 | €889 | €7,187 | +€6,298 | +708.7% |
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 9 October 2026 via checked.be.