ZAKOUSKI: 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.
ZAKOUSKI
Largest movements
- Current investments -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Receivables within one year +€1.3m
up €1.3m (+826%), from €154,523 to €1.4m
of which Other amounts receivable: +€1.1m
- Stocks and contracts +€1.1m
new in 2024: €1.1m
- Financial fixed assets +€800,000
up €800,000 (+18.4%), from €4.4m to €5.2m
- Cash -€342,894
down €342,894 (-98.9%), from €346,665 to €3,771
mainly Receivables within one year (-€1.3m) and Stocks and contracts (-€1.1m)
- Debts after one year +€1.5m
up €1.5m (+174%), from €881,424 to €2.4m
of which Financial debts: +€1.5m
- Other debts -€855,243
down €855,243 (-79.4%), from €1.1m to €222,520
- Profit (loss) carried forward +€644,583
up €644,583 (+149%), from €431,828 to €1.1m
- Tax, wage and social debts -€110,622
down €110,622 (-96.5%), from €114,681 to €4,059
of which Taxes: -€112,761
- Current portion of long-term debt +€89,056
up €89,056 (+193%), from €46,218 to €135,275
- Gross operating margin +€384,741
up €384,741 (+134%), from €287,320 to €672,061
- Financial income +€43,424
up €43,424 (+37.4%), from €116,250 to €159,674
- Financial charges +€22,682
up €22,682 (+99.8%), from €22,728 to €45,410
- Taxes -€22,615
down €22,615 (-33.0%), from €68,509 to €45,894
- Depreciation -€17,059
down €17,059 (-30.1%), from €56,649 to €39,590
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 | €6,959,767 | €8,323,863 | +€1.4m | +19.6% |
| Fixed assets | 21/28 | €4,758,808 | €5,666,647 | +€907,838 | +19.1% |
| Tangible fixed assets | 22/27 | €399,199 | €507,038 | +€107,838 | +27.0% |
| Land and buildings | 22 | €398,033 | €336,765 | -€61,269 | -15.4% |
| Furniture and vehicles | 24 | €1,166 | €126,714 | +€125,548 | +10,768% |
| Assets under construction and advance payments | 27 | - | €43,559 | +€43,559 | |
| Financial fixed assets | 28 | €4,359,609 | €5,159,609 | +€800,000 | +18.4% |
| Current assets | 29/58 | €2,200,959 | €2,657,216 | +€456,257 | +20.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €1,080,641 | +€1.1m | |
| Stocks | 30/36 | - | €1,080,641 | +€1.1m | |
| Amounts receivable within one year | 40/41 | €154,523 | €1,430,797 | +€1.3m | +826% |
| Trade receivables | 40 | €15,708 | €181,557 | +€165,849 | +1,056% |
| Other amounts receivable | 41 | €138,815 | €1,249,240 | +€1.1m | +800% |
| Current investments | 50/53 | €1,586,617 | €0 | -€1.6m | -100% |
| Cash at bank and in hand | 54/58 | €346,665 | €3,771 | -€342,894 | -98.9% |
| Deferred charges and accrued income | 490/1 | €113,154 | €142,007 | +€28,853 | +25.5% |
| Total equity and liabilities | 10/49 | €6,959,767 | €8,323,863 | +€1.4m | +19.6% |
| Equity | 10/15 | €4,814,672 | €5,459,255 | +€644,583 | +13.4% |
| Contributions | 10/11 | €4,369,054 | €4,369,054 | = | 0.0% |
| Reserves | 13 | €13,791 | €13,791 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,791 | €13,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €431,828 | €1,076,410 | +€644,583 | +149% |
| Amounts payable | 17/49 | €2,145,095 | €2,864,608 | +€719,513 | +33.5% |
| Amounts payable after more than one year | 17 | €881,424 | €2,414,842 | +€1.5m | +174% |
| Financial debts | 170/4 | €295,584 | €1,829,002 | +€1.5m | +519% |
| Other amounts payable | 178/9 | €585,840 | €585,840 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,249,283 | €438,683 | -€810,600 | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €46,218 | €135,275 | +€89,056 | +193% |
| Financial debts | 43 | €15 | €14,932 | +€14,917 | +99,515% |
| Credit institutions | 430/8 | €15 | €14,932 | +€14,917 | +99,515% |
| Trade debts | 44 | €10,605 | €61,897 | +€51,292 | +484% |
| Suppliers | 440/4 | €10,605 | €61,897 | +€51,292 | +484% |
| Taxes, remuneration and social security | 45 | €114,681 | €4,059 | -€110,622 | -96.5% |
| Taxes | 450/3 | €114,681 | €1,919 | -€112,761 | -98.3% |
| Remuneration and social security | 454/9 | €0 | €2,140 | +€2,140 | |
| Other amounts payable | 47/48 | €1,077,764 | €222,520 | -€855,243 | -79.4% |
| Accrued charges and deferred income | 492/3 | €14,388 | €11,083 | -€3,305 | -23.0% |
| Non-recurring operating income | 76A | - | €409,000 | +€409,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,649 | €39,590 | -€17,059 | -30.1% |
| Other operating charges | 640/8 | €3,367 | €4,764 | +€1,397 | +41.5% |
| Non-recurring operating charges | 66A | €0 | €51,494 | +€51,494 | |
| Gross operating margin | 9900 | €287,320 | €672,061 | +€384,741 | +134% |
| Operating profit (loss) | 9901 | €227,304 | €576,212 | +€348,908 | +153% |
| Financial income | 75/76B | €116,250 | €159,674 | +€43,424 | +37.4% |
| Recurring financial income | 75 | €116,250 | €159,674 | +€43,424 | +37.4% |
| Financial charges | 65/66B | €22,728 | €45,410 | +€22,682 | +99.8% |
| Recurring financial charges | 65 | €22,728 | €45,410 | +€22,682 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €320,826 | €690,476 | +€369,650 | +115% |
| Income taxes | 67/77 | €68,509 | €45,894 | -€22,615 | -33.0% |
| Profit (loss) for the period | 9904 | €252,317 | €644,583 | +€392,266 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €252,317 | €644,583 | +€392,266 | +155% |
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 22 October 2026 via checked.be.