ZAPPTAX: 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.
ZAPPTAX
Largest movements
- Deferred charges and accrued income -€997,071
down €997,071 (-99.6%), from €1.0m to €4,278
- Stocks and contracts +€170,524
up €170,524 (+39.9%), from €427,196 to €597,719
- Cash -€116,093
down €116,093 (-68.5%), from €169,552 to €53,459
mainly Net result for the year (-€757,287) and Investment in fixed assets (net) (-€254,855)
- Intangible fixed assets +€90,586
up €90,586 (+28.1%), from €322,903 to €413,489
- Profit (loss) carried forward -€757,287
down €757,287, from €55,376 to -€701,911
- Other debts +€229,468
up €229,468 (+9.7%), from €2.4m to €2.6m
- Trade debts -€175,839
down €175,839 (-21.9%), from €804,479 to €628,640
- Tax, wage and social debts -€83,303
down €83,303 (-50.0%), from €166,634 to €83,331
of which Remuneration and social security: -€45,209
- Debts after one year -€57,945
down €57,945 (-8.5%), from €681,271 to €623,326
- Other operating charges +€546,198
up €546,198 (+2,141,951%), from €26 to €546,223
- Gross operating margin -€192,207
down €192,207 (-19.7%), from €973,304 to €781,098
- Financial charges +€155,186
up €155,186 (+959%), from €16,175 to €171,361
- Staff costs -€74,934
down €74,934 (-10.0%), from €748,540 to €673,606
- Depreciation +€48,670
up €48,670 (+49.6%), from €98,184 to €146,854
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 | €4,139,518 | €3,281,663 | -€857,855 | -20.7% |
| Fixed assets | 21/28 | €345,428 | €453,429 | +€108,000 | +31.3% |
| Intangible fixed assets | 21 | €322,903 | €413,489 | +€90,586 | +28.1% |
| Tangible fixed assets | 22/27 | €9,643 | €21,858 | +€12,215 | +127% |
| Furniture and vehicles | 24 | €9,643 | €21,858 | +€12,215 | +127% |
| Financial fixed assets | 28 | €12,882 | €18,082 | +€5,200 | +40.4% |
| Current assets | 29/58 | €3,794,090 | €2,828,235 | -€965,855 | -25.5% |
| Stocks and contracts in progress | 3 | €427,196 | €597,719 | +€170,524 | +39.9% |
| Stocks | 30/36 | €427,196 | €597,719 | +€170,524 | +39.9% |
| Amounts receivable within one year | 40/41 | €2,195,993 | €2,172,778 | -€23,215 | -1.1% |
| Trade receivables | 40 | €2,059,699 | €1,955,042 | -€104,657 | -5.1% |
| Other amounts receivable | 41 | €136,294 | €217,736 | +€81,442 | +59.8% |
| Cash at bank and in hand | 54/58 | €169,552 | €53,459 | -€116,093 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,001,349 | €4,278 | -€997,071 | -99.6% |
| Total equity and liabilities | 10/49 | €4,139,518 | €3,281,663 | -€857,855 | -20.7% |
| Equity | 10/15 | €116,876 | -€640,411 | -€757,287 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,376 | -€701,911 | -€757,287 | |
| Amounts payable | 17/49 | €4,022,642 | €3,922,074 | -€100,567 | -2.5% |
| Amounts payable after more than one year | 17 | €681,271 | €623,326 | -€57,945 | -8.5% |
| Financial debts | 170/4 | €681,271 | €623,326 | -€57,945 | -8.5% |
| Amounts payable within one year | 42/48 | €3,341,371 | €3,298,749 | -€42,623 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €12,100 | - | -€12,100 | |
| Financial debts | 43 | €848 | - | -€848 | |
| Credit institutions | 430/8 | €848 | - | -€848 | |
| Trade debts | 44 | €804,479 | €628,640 | -€175,839 | -21.9% |
| Suppliers | 440/4 | €804,479 | €628,640 | -€175,839 | -21.9% |
| Taxes, remuneration and social security | 45 | €166,634 | €83,331 | -€83,303 | -50.0% |
| Taxes | 450/3 | €43,000 | €4,907 | -€38,094 | -88.6% |
| Remuneration and social security | 454/9 | €123,633 | €78,425 | -€45,209 | -36.6% |
| Other amounts payable | 47/48 | €2,357,310 | €2,586,778 | +€229,468 | +9.7% |
| Remuneration, social security and pensions | 62 | €748,540 | €673,606 | -€74,934 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,184 | €146,854 | +€48,670 | +49.6% |
| Other operating charges | 640/8 | €26 | €546,223 | +€546,198 | +2,141,951% |
| Gross operating margin | 9900 | €973,304 | €781,098 | -€192,207 | -19.7% |
| Operating profit (loss) | 9901 | €126,555 | -€585,586 | -€712,141 | |
| Financial charges | 65/66B | €16,175 | €171,361 | +€155,186 | +959% |
| Recurring financial charges | 65 | €16,175 | €171,361 | +€155,186 | +959% |
| Profit (loss) for the period before taxes | 9903 | €110,379 | -€756,948 | -€867,327 | |
| Income taxes | 67/77 | €4,567 | €340 | -€4,227 | -92.6% |
| Profit (loss) for the period | 9904 | €105,812 | -€757,287 | -€863,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,812 | -€757,287 | -€863,100 |
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 27 October 2026 via checked.be.