ZARIN: 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.
ZARIN
Largest movements
- Receivables within one year -€49,051
down €49,051 (-29.0%), from €169,131 to €120,080
of which Trade receivables: -€51,926
- Cash +€33,350
up €33,350 (+2444.0%), from €1,365 to €34,715
mainly Receivables within one year (+€49,051) and Net result for the year (+€39,258)
- Current investments +€31,550
new in 2024: €31,550
- Tangible fixed assets -€3,070
down €3,070 (-15.0%), from €20,401 to €17,331
of which Plant, machinery and equipment: -€2,036
- Trade debts -€31,907
down €31,907 (-63.4%), from €50,299 to €18,392
- Reserves +€22,000
up €22,000 (+25.1%), from €87,560 to €109,560
of which Distributable reserves: +€22,000
- Profit (loss) carried forward +€17,258
up €17,258 (+114.6%), from €15,055 to €32,313
- Debts after one year -€5,815
down €5,815 (-43.1%), from €13,500 to €7,685
- Other debts +€5,754
up €5,754 (+349.1%), from €1,648 to €7,402
- Turnover +€63,047
up €63,047 (+9.3%), from €675,197 to €738,244
- Purchases and services +€34,240
up €34,240 (+6.2%), from €550,428 to €584,669
- Gross operating margin +€27,612
up €27,612 (+21.9%), from €125,963 to €153,575
- Staff costs +€18,411
up €18,411 (+28.5%), from €64,536 to €82,947
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 | €199,568 | €210,811 | +€11,244 | +5.6% |
| Fixed assets | 21/28 | €20,661 | €17,591 | -€3,070 | -14.9% |
| Tangible fixed assets | 22/27 | €20,401 | €17,331 | -€3,070 | -15.0% |
| Land and buildings | 22 | €1,437 | €681 | -€756 | -52.6% |
| Plant, machinery and equipment | 23 | €18,598 | €16,561 | -€2,036 | -10.9% |
| Furniture and vehicles | 24 | €367 | €89 | -€278 | -75.9% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €178,907 | €193,221 | +€14,314 | +8.0% |
| Stocks and contracts in progress | 3 | €7,782 | €6,246 | -€1,536 | -19.7% |
| Stocks | 30/36 | €7,782 | €6,246 | -€1,536 | -19.7% |
| Amounts receivable within one year | 40/41 | €169,131 | €120,080 | -€49,051 | -29.0% |
| Trade receivables | 40 | €138,281 | €86,355 | -€51,926 | -37.6% |
| Other amounts receivable | 41 | €30,850 | €33,725 | +€2,875 | +9.3% |
| Current investments | 50/53 | - | €31,550 | +€31,550 | |
| Cash at bank and in hand | 54/58 | €1,365 | €34,715 | +€33,350 | +2444.0% |
| Deferred charges and accrued income | 490/1 | €629 | €629 | = | 0.0% |
| Total equity and liabilities | 10/49 | €199,568 | €210,811 | +€11,244 | +5.6% |
| Equity | 10/15 | €121,215 | €160,473 | +€39,258 | +32.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,560 | €109,560 | +€22,000 | +25.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,700 | €107,700 | +€22,000 | +25.7% |
| Profit (loss) carried forward | 14 | €15,055 | €32,313 | +€17,258 | +114.6% |
| Amounts payable | 17/49 | €78,353 | €50,338 | -€28,015 | -35.8% |
| Amounts payable after more than one year | 17 | €13,500 | €7,685 | -€5,815 | -43.1% |
| Financial debts | 170/4 | €13,500 | €7,685 | -€5,815 | -43.1% |
| Amounts payable within one year | 42/48 | €64,853 | €42,653 | -€22,199 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €9,938 | €9,431 | -€508 | -5.1% |
| Trade debts | 44 | €50,299 | €18,392 | -€31,907 | -63.4% |
| Suppliers | 440/4 | €50,299 | €18,392 | -€31,907 | -63.4% |
| Taxes, remuneration and social security | 45 | €2,967 | €7,428 | +€4,461 | +150.4% |
| Taxes | 450/3 | - | €7,428 | +€7,428 | |
| Remuneration and social security | 454/9 | €2,967 | - | -€2,967 | |
| Other amounts payable | 47/48 | €1,648 | €7,402 | +€5,754 | +349.1% |
| Turnover | 70 | €675,197 | €738,244 | +€63,047 | +9.3% |
| Non-recurring operating income | 76A | €1,194 | €69 | -€1,126 | -94.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €550,428 | €584,669 | +€34,240 | +6.2% |
| Remuneration, social security and pensions | 62 | €64,536 | €82,947 | +€18,411 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,345 | €6,308 | -€7,037 | -52.7% |
| Other operating charges | 640/8 | €2,919 | €3,065 | +€146 | +5.0% |
| Gross operating margin | 9900 | €125,963 | €153,575 | +€27,612 | +21.9% |
| Operating profit (loss) | 9901 | €45,163 | €61,254 | +€16,091 | +35.6% |
| Financial income | 75/76B | €55 | €1 | -€54 | -98.8% |
| Recurring financial income | 75 | €55 | €1 | -€54 | -98.8% |
| Financial charges | 65/66B | €1,340 | €4,569 | +€3,229 | +240.9% |
| Recurring financial charges | 65 | €1,340 | €4,569 | +€3,229 | +240.9% |
| Profit (loss) for the period before taxes | 9903 | €43,878 | €56,686 | +€12,809 | +29.2% |
| Income taxes | 67/77 | €15,438 | €17,428 | +€1,990 | +12.9% |
| Profit (loss) for the period | 9904 | €28,439 | €39,258 | +€10,819 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,439 | €39,258 | +€10,819 | +38.0% |
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 11 October 2026 via checked.be.