ZANCO: 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.
ZANCO
Largest movements
- Receivables within one year -€1,457
down €1,457 (-1.5%), from €94,350 to €92,893
- Reserves -€1,157
down €1,157 (-1.9%), from €60,212 to €59,055
of which Distributable reserves: -€1,157
- Taxes -€11,901
no longer reported in 2024 (was €11,901)
- Gross operating margin -€197
down €197 (-21.9%), from -€898 to -€1,095
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 | €94,399 | €92,946 | -€1,453 | -1.5% |
| Current assets | 29/58 | €94,399 | €92,946 | -€1,453 | -1.5% |
| Amounts receivable within one year | 40/41 | €94,350 | €92,893 | -€1,457 | -1.5% |
| Other amounts receivable | 41 | €94,350 | €92,893 | -€1,457 | -1.5% |
| Cash at bank and in hand | 54/58 | €49 | €53 | +€4 | +8.0% |
| Total equity and liabilities | 10/49 | €94,399 | €92,946 | -€1,453 | -1.5% |
| Equity | 10/15 | €78,762 | €77,605 | -€1,157 | -1.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €60,212 | €59,055 | -€1,157 | -1.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €58,357 | €57,200 | -€1,157 | -2.0% |
| Amounts payable | 17/49 | €15,637 | €15,341 | -€296 | -1.9% |
| Amounts payable within one year | 42/48 | €15,187 | €15,341 | +€154 | +1.0% |
| Trade debts | 44 | €36 | - | -€36 | |
| Suppliers | 440/4 | €36 | - | -€36 | |
| Taxes, remuneration and social security | 45 | €11,901 | €11,901 | = | 0.0% |
| Taxes | 450/3 | €11,901 | €11,901 | = | 0.0% |
| Other amounts payable | 47/48 | €3,250 | €3,440 | +€190 | +5.8% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€898 | -€1,095 | -€197 | -21.9% |
| Operating profit (loss) | 9901 | -€960 | -€1,157 | -€197 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€960 | -€1,157 | -€197 | -20.5% |
| Transfer from deferred taxes | 780 | €25,608 | - | -€25,608 | |
| Income taxes | 67/77 | €11,901 | - | -€11,901 | |
| Profit (loss) for the period | 9904 | €12,748 | -€1,157 | -€13,905 | |
| Transfer from tax-exempt reserves | 789 | €60,965 | - | -€60,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,712 | -€1,157 | -€74,870 |
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.