ZAR: 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.
ZAR
Largest movements
- Cash -€37,377
no longer reported in 2024 (was €37,377)
mainly Net result for the year (-€45,635) and Tax, wage and social debts (-€11,251)
- Receivables within one year -€4,867
down €4,867 (-8.6%), from €56,402 to €51,535
of which Trade receivables: -€28,965
- Tangible fixed assets -€4,353
down €4,353 (-38.1%), from €11,424 to €7,071
- Profit (loss) carried forward -€45,635
new in 2024: -€45,635
- Tax, wage and social debts -€11,251
down €11,251 (-85.9%), from €13,092 to €1,841
- Trade debts +€9,958
up €9,958 (+167.2%), from €5,954 to €15,913
- Gross operating margin -€38,300
down €38,300, from €8,578 to -€29,722
- Write-downs +€9,425
new in 2024: €9,425
- Financial charges +€1,504
up €1,504 (+291.3%), from €516 to €2,020
- Taxes -€1,043
down €1,043 (-75.3%), from €1,384 to €341
- Financial income +€996
up €996 (+87.4%), from €1,139 to €2,135
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 | €105,992 | €58,607 | -€47,386 | -44.7% |
| Fixed assets | 21/28 | €11,424 | €7,071 | -€4,353 | -38.1% |
| Tangible fixed assets | 22/27 | €11,424 | €7,071 | -€4,353 | -38.1% |
| Furniture and vehicles | 24 | €11,424 | €7,071 | -€4,353 | -38.1% |
| Current assets | 29/58 | €94,568 | €51,535 | -€43,033 | -45.5% |
| Amounts receivable within one year | 40/41 | €56,402 | €51,535 | -€4,867 | -8.6% |
| Trade receivables | 40 | €30,422 | €1,457 | -€28,965 | -95.2% |
| Other amounts receivable | 41 | €25,980 | €50,078 | +€24,098 | +92.8% |
| Cash at bank and in hand | 54/58 | €37,377 | - | -€37,377 | |
| Deferred charges and accrued income | 490/1 | €789 | - | -€789 | |
| Total equity and liabilities | 10/49 | €105,992 | €58,607 | -€47,386 | -44.7% |
| Equity | 10/15 | €86,487 | €40,853 | -€45,635 | -52.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €76,487 | €76,487 | +€0 | 0.0% |
| Distributable reserves | 133 | €76,487 | €76,487 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€45,635 | -€45,635 | |
| Amounts payable | 17/49 | €19,505 | €17,754 | -€1,751 | -9.0% |
| Amounts payable within one year | 42/48 | €19,046 | €17,754 | -€1,292 | -6.8% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €5,954 | €15,913 | +€9,958 | +167.2% |
| Suppliers | 440/4 | €5,954 | €15,913 | +€9,958 | +167.2% |
| Taxes, remuneration and social security | 45 | €13,092 | €1,841 | -€11,251 | -85.9% |
| Taxes | 450/3 | €13,092 | €1,841 | -€11,251 | -85.9% |
| Accrued charges and deferred income | 492/3 | €459 | €0 | -€459 | -100.0% |
| Non-recurring operating income | 76A | €11,708 | - | -€11,708 | |
| Remuneration, social security and pensions | 62 | €404 | - | -€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,345 | €4,353 | +€8 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,425 | +€9,425 | |
| Other operating charges | 640/8 | €1,869 | €1,909 | +€40 | +2.1% |
| Gross operating margin | 9900 | €8,578 | -€29,722 | -€38,300 | |
| Operating profit (loss) | 9901 | €1,959 | -€45,408 | -€47,368 | |
| Financial income | 75/76B | €1,139 | €2,135 | +€996 | +87.4% |
| Recurring financial income | 75 | €1,139 | €2,135 | +€996 | +87.4% |
| Financial charges | 65/66B | €516 | €2,020 | +€1,504 | +291.3% |
| Recurring financial charges | 65 | €516 | €2,020 | +€1,504 | +291.3% |
| Profit (loss) for the period before taxes | 9903 | €2,582 | -€45,293 | -€47,876 | |
| Income taxes | 67/77 | €1,384 | €341 | -€1,043 | -75.3% |
| Profit (loss) for the period | 9904 | €1,198 | -€45,635 | -€46,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,198 | -€45,635 | -€46,833 |
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 9 October 2026 via checked.be.