ZAO: 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.
ZAO
Largest movements
- Cash +€26,261
up €26,261 (+237.6%), from €11,055 to €37,315
mainly Net result for the year (+€10,269) and Receivables within one year (+€8,228)
- Receivables within one year -€8,228
down €8,228 (-89.1%), from €9,232 to €1,004
of which Trade receivables: -€9,118
- Tangible fixed assets -€4,797
down €4,797 (-35.1%), from €13,661 to €8,865
- Deferred charges and accrued income -€668
down €668 (-85.3%), from €784 to €115
- Profit (loss) carried forward +€10,269
up €10,269 (+96.4%), from -€10,657 to -€389
- Tax, wage and social debts +€3,632
up €3,632 (+688.8%), from €527 to €4,159
- Trade debts -€3,625
down €3,625 (-96.3%), from €3,763 to €138
- Debts after one year +€2,291
up €2,291 (+15.7%), from €14,558 to €16,849
- Gross operating margin +€28,595
up €28,595, from -€5,896 to €22,699
- Taxes +€6,706
new in 2024: €6,706
- Other operating charges +€257
up €257 (+47.0%), from €546 to €803
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 | €35,895 | €48,462 | +€12,567 | +35.0% |
| Fixed assets | 21/28 | €13,661 | €8,865 | -€4,797 | -35.1% |
| Tangible fixed assets | 22/27 | €13,661 | €8,865 | -€4,797 | -35.1% |
| Furniture and vehicles | 24 | €13,661 | €8,865 | -€4,797 | -35.1% |
| Current assets | 29/58 | €22,234 | €39,598 | +€17,364 | +78.1% |
| Stocks and contracts in progress | 3 | €1,163 | €1,163 | = | 0.0% |
| Stocks | 30/36 | €1,163 | €1,163 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,232 | €1,004 | -€8,228 | -89.1% |
| Trade receivables | 40 | €9,232 | €115 | -€9,118 | -98.8% |
| Other amounts receivable | 41 | - | €889 | +€889 | |
| Cash at bank and in hand | 54/58 | €11,055 | €37,315 | +€26,261 | +237.6% |
| Deferred charges and accrued income | 490/1 | €784 | €115 | -€668 | -85.3% |
| Total equity and liabilities | 10/49 | €35,895 | €48,462 | +€12,567 | +35.0% |
| Equity | 10/15 | €17,047 | €27,316 | +€10,269 | +60.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,915 | €2,915 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €436 | €436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,657 | -€389 | +€10,269 | +96.4% |
| Amounts payable | 17/49 | €18,848 | €21,147 | +€2,298 | +12.2% |
| Amounts payable after more than one year | 17 | €14,558 | €16,849 | +€2,291 | +15.7% |
| Other amounts payable | 178/9 | €14,558 | €16,849 | +€2,291 | +15.7% |
| Amounts payable within one year | 42/48 | €4,291 | €4,297 | +€7 | +0.2% |
| Trade debts | 44 | €3,763 | €138 | -€3,625 | -96.3% |
| Suppliers | 440/4 | €3,763 | €138 | -€3,625 | -96.3% |
| Taxes, remuneration and social security | 45 | €527 | €4,159 | +€3,632 | +688.8% |
| Taxes | 450/3 | €527 | €4,159 | +€3,632 | +688.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,967 | €4,797 | -€170 | -3.4% |
| Other operating charges | 640/8 | €546 | €803 | +€257 | +47.0% |
| Gross operating margin | 9900 | -€5,896 | €22,699 | +€28,595 | |
| Operating profit (loss) | 9901 | -€11,409 | €17,099 | +€28,508 | |
| Financial income | 75/76B | €0 | €215 | +€215 | +134350.0% |
| Recurring financial income | 75 | €0 | €215 | +€215 | +134350.0% |
| Financial charges | 65/66B | €242 | €339 | +€97 | +39.9% |
| Recurring financial charges | 65 | €242 | €339 | +€97 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,651 | €16,975 | +€28,626 | |
| Income taxes | 67/77 | - | €6,706 | +€6,706 | |
| Profit (loss) for the period | 9904 | -€11,651 | €10,269 | +€21,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,651 | €10,269 | +€21,920 |
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 3 October 2026 via checked.be.