ZANGO: 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.
ZANGO
Largest movements
- Receivables within one year +€67,217
up €67,217 (+245.8%), from €27,341 to €94,558
of which Other amounts receivable: +€55,392
- Cash +€5,995
up €5,995 (+2069.5%), from €290 to €6,284
mainly Other debts (+€43,401) and Net result for the year (+€30,833)
- Tangible fixed assets +€2,393
up €2,393 (+26.0%), from €9,190 to €11,583
of which Plant, machinery and equipment: +€2,496
- Other debts +€43,401
up €43,401 (+16.2%), from €267,561 to €310,962
- Profit (loss) carried forward +€30,833
up €30,833 (+9.3%), from -€332,182 to -€301,349
- Tax, wage and social debts +€3,673
up €3,673 (+32738.6%), from €11 to €3,684
- Trade debts -€2,951
down €2,951 (-75.6%), from €3,903 to €952
- Gross operating margin +€15,823
up €15,823 (+72.1%), from €21,941 to €37,765
- Financial charges -€5,015
down €5,015 (-62.5%), from €8,024 to €3,009
- Depreciation -€859
down €859 (-20.2%), from €4,247 to €3,388
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 | €44,732 | €119,689 | +€74,957 | +167.6% |
| Fixed assets | 21/28 | €14,790 | €17,183 | +€2,393 | +16.2% |
| Tangible fixed assets | 22/27 | €9,190 | €11,583 | +€2,393 | +26.0% |
| Land and buildings | 22 | €103 | - | -€103 | |
| Plant, machinery and equipment | 23 | €9,087 | €11,583 | +€2,496 | +27.5% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €29,942 | €102,506 | +€72,564 | +242.3% |
| Stocks and contracts in progress | 3 | €1,579 | €1,579 | = | 0.0% |
| Stocks | 30/36 | €1,579 | €1,579 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,341 | €94,558 | +€67,217 | +245.8% |
| Trade receivables | 40 | €27,341 | €39,167 | +€11,826 | +43.3% |
| Other amounts receivable | 41 | - | €55,392 | +€55,392 | |
| Cash at bank and in hand | 54/58 | €290 | €6,284 | +€5,995 | +2069.5% |
| Deferred charges and accrued income | 490/1 | €732 | €84 | -€648 | -88.5% |
| Total equity and liabilities | 10/49 | €44,732 | €119,689 | +€74,957 | +167.6% |
| Equity | 10/15 | -€226,742 | -€195,909 | +€30,833 | +13.6% |
| Contributions | 10/11 | €105,440 | €105,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,182 | -€301,349 | +€30,833 | +9.3% |
| Amounts payable | 17/49 | €271,474 | €315,598 | +€44,124 | +16.3% |
| Amounts payable within one year | 42/48 | €271,474 | €315,598 | +€44,124 | +16.3% |
| Trade debts | 44 | €3,903 | €952 | -€2,951 | -75.6% |
| Suppliers | 440/4 | €3,903 | €952 | -€2,951 | -75.6% |
| Taxes, remuneration and social security | 45 | €11 | €3,684 | +€3,673 | +32738.6% |
| Taxes | 450/3 | €11 | €3,684 | +€3,673 | +32738.6% |
| Other amounts payable | 47/48 | €267,561 | €310,962 | +€43,401 | +16.2% |
| Non-recurring operating income | 76A | €9,298 | - | -€9,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,247 | €3,388 | -€859 | -20.2% |
| Other operating charges | 640/8 | €617 | €537 | -€81 | -13.1% |
| Gross operating margin | 9900 | €21,941 | €37,765 | +€15,823 | +72.1% |
| Operating profit (loss) | 9901 | €17,077 | €33,840 | +€16,763 | +98.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1820.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1820.0% |
| Financial charges | 65/66B | €8,024 | €3,009 | -€5,015 | -62.5% |
| Recurring financial charges | 65 | €8,024 | €3,009 | -€5,015 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €9,053 | €30,834 | +€21,781 | +240.6% |
| Income taxes | 67/77 | €0 | €1 | +€1 | +1620.0% |
| Profit (loss) for the period | 9904 | €9,053 | €30,833 | +€21,780 | +240.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,053 | €30,833 | +€21,780 | +240.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.