Zageman: 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.
Zageman
Largest movements
- Receivables within one year +€73,455
up €73,455 (+401.3%), from €18,306 to €91,761
of which Trade receivables: +€60,801
- Tangible fixed assets +€3,404
up €3,404 (+112.5%), from €3,026 to €6,429
- Profit (loss) carried forward +€61,841
up €61,841 (+241.5%), from €25,605 to €87,446
- Tax, wage and social debts +€11,146
up €11,146 (+78.5%), from €14,196 to €25,342
of which Taxes: +€6,314
- Trade debts +€2,126
new in 2025: €2,126
- Gross operating margin +€23,519
up €23,519 (+41.1%), from €57,155 to €80,674
- Taxes +€4,611
up €4,611 (+37.5%), from €12,291 to €16,903
- Depreciation +€1,851
up €1,851 (+2938.2%), from €63 to €1,913
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 | €44,801 | €119,914 | +€75,113 | +167.7% |
| Fixed assets | 21/28 | €3,526 | €6,429 | +€2,904 | +82.4% |
| Tangible fixed assets | 22/27 | €3,026 | €6,429 | +€3,404 | +112.5% |
| Furniture and vehicles | 24 | €3,026 | €6,429 | +€3,404 | +112.5% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100.0% |
| Current assets | 29/58 | €41,275 | €113,485 | +€72,209 | +174.9% |
| Stocks and contracts in progress | 3 | €2,170 | €1,834 | -€336 | -15.5% |
| Stocks | 30/36 | €2,170 | €1,834 | -€336 | -15.5% |
| Amounts receivable within one year | 40/41 | €18,306 | €91,761 | +€73,455 | +401.3% |
| Trade receivables | 40 | €3,606 | €64,407 | +€60,801 | +1686.2% |
| Other amounts receivable | 41 | €14,700 | €27,354 | +€12,654 | +86.1% |
| Cash at bank and in hand | 54/58 | €20,799 | €19,868 | -€931 | -4.5% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €44,801 | €119,914 | +€75,113 | +167.7% |
| Equity | 10/15 | €30,605 | €92,446 | +€61,841 | +202.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,605 | €87,446 | +€61,841 | +241.5% |
| Amounts payable | 17/49 | €14,196 | €27,468 | +€13,272 | +93.5% |
| Amounts payable within one year | 42/48 | €14,196 | €27,468 | +€13,272 | +93.5% |
| Trade debts | 44 | - | €2,126 | +€2,126 | |
| Suppliers | 440/4 | - | €2,126 | +€2,126 | |
| Taxes, remuneration and social security | 45 | €14,196 | €25,342 | +€11,146 | +78.5% |
| Taxes | 450/3 | €14,196 | €20,509 | +€6,314 | +44.5% |
| Remuneration and social security | 454/9 | - | €4,832 | +€4,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €1,913 | +€1,851 | +2938.2% |
| Other operating charges | 640/8 | €571 | €390 | -€181 | -31.7% |
| Non-recurring operating charges | 66A | - | €221 | +€221 | |
| Gross operating margin | 9900 | €57,155 | €80,674 | +€23,519 | +41.1% |
| Operating profit (loss) | 9901 | €56,521 | €78,150 | +€21,629 | +38.3% |
| Financial income | 75/76B | €429 | €1,014 | +€586 | +136.7% |
| Recurring financial income | 75 | €429 | €1,014 | +€586 | +136.7% |
| Financial charges | 65/66B | €53 | €421 | +€368 | +694.8% |
| Recurring financial charges | 65 | €53 | €421 | +€368 | +694.8% |
| Profit (loss) for the period before taxes | 9903 | €56,897 | €78,743 | +€21,847 | +38.4% |
| Income taxes | 67/77 | €12,291 | €16,903 | +€4,611 | +37.5% |
| Profit (loss) for the period | 9904 | €44,605 | €61,841 | +€17,235 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,605 | €61,841 | +€17,235 | +38.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.