ZAN: 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.
ZAN
Largest movements
- Intangible fixed assets -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Cash -€2,774
down €2,774 (-8.1%), from €34,037 to €31,263
mainly Net result for the year (-€5,630) and Trade debts (-€868)
- Tangible fixed assets -€922
down €922 (-50.0%), from €1,843 to €921
- Profit (loss) carried forward -€5,630
down €5,630 (-20.7%), from €27,209 to €21,579
- Trade debts -€868
down €868 (-73.9%), from €1,174 to €306
- Gross operating margin -€20,050
down €20,050 (-77.3%), from €25,952 to €5,902
- Taxes +€6,251
new in 2024: €6,251
- Staff costs -€396
down €396 (-47.1%), from €841 to €445
- Other operating charges +€301
up €301 (+121%), from €248 to €549
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 | €49,017 | €42,381 | -€6,636 | -13.5% |
| Fixed assets | 21/28 | €13,843 | €9,921 | -€3,922 | -28.3% |
| Intangible fixed assets | 21 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Tangible fixed assets | 22/27 | €1,843 | €921 | -€922 | -50.0% |
| Furniture and vehicles | 24 | €1,843 | €921 | -€922 | -50.0% |
| Current assets | 29/58 | €35,174 | €32,460 | -€2,714 | -7.7% |
| Stocks and contracts in progress | 3 | €977 | €977 | = | 0.0% |
| Stocks | 30/36 | €977 | €977 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €160 | €220 | +€60 | +37.5% |
| Trade receivables | 40 | €160 | - | -€160 | |
| Other amounts receivable | 41 | - | €220 | +€220 | |
| Cash at bank and in hand | 54/58 | €34,037 | €31,263 | -€2,774 | -8.1% |
| Total equity and liabilities | 10/49 | €49,017 | €42,381 | -€6,636 | -13.5% |
| Equity | 10/15 | €47,669 | €42,039 | -€5,630 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,209 | €21,579 | -€5,630 | -20.7% |
| Amounts payable | 17/49 | €1,348 | €342 | -€1,006 | -74.6% |
| Amounts payable within one year | 42/48 | €1,348 | €342 | -€1,006 | -74.6% |
| Trade debts | 44 | €1,174 | €306 | -€868 | -73.9% |
| Suppliers | 440/4 | €1,174 | €306 | -€868 | -73.9% |
| Taxes, remuneration and social security | 45 | €138 | - | -€138 | |
| Taxes | 450/3 | €138 | - | -€138 | |
| Other amounts payable | 47/48 | €36 | €36 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €841 | €445 | -€396 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,038 | €3,921 | -€117 | -2.9% |
| Other operating charges | 640/8 | €248 | €549 | +€301 | +121% |
| Gross operating margin | 9900 | €25,952 | €5,902 | -€20,050 | -77.3% |
| Operating profit (loss) | 9901 | €20,825 | €987 | -€19,838 | -95.3% |
| Financial charges | 65/66B | €402 | €366 | -€36 | -9.0% |
| Recurring financial charges | 65 | €402 | €366 | -€36 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €20,423 | €621 | -€19,802 | -97.0% |
| Income taxes | 67/77 | - | €6,251 | +€6,251 | |
| Profit (loss) for the period | 9904 | €20,423 | -€5,630 | -€26,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,423 | -€5,630 | -€26,053 |
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 20 October 2026 via checked.be.