ZATES: 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.
ZATES
Largest movements
- Tangible fixed assets -€12,982
down €12,982 (-4.0%), from €324,591 to €311,609
of which Land and buildings: -€12,457
- Cash -€4,417
down €4,417 (-63.8%), from €6,921 to €2,503
mainly Net result for the year (-€31,548) and Current portion of long-term debt (-€4,860)
- Profit (loss) carried forward -€31,548
down €31,548 (-26.1%), from -€120,868 to -€152,416
- Other debts +€13,573
up €13,573 (+2,011%), from €675 to €14,247
- Current portion of long-term debt -€4,860
down €4,860 (-100%), from €4,860 to €0
- Trade debts +€4,638
up €4,638 (+86.7%), from €5,348 to €9,986
- Gross operating margin +€18,274
up €18,274 (+52.8%), from -€34,601 to -€16,326
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 | €338,500 | €320,229 | -€18,271 | -5.4% |
| Fixed assets | 21/28 | €324,591 | €311,609 | -€12,982 | -4.0% |
| Tangible fixed assets | 22/27 | €324,591 | €311,609 | -€12,982 | -4.0% |
| Land and buildings | 22 | €323,838 | €311,381 | -€12,457 | -3.8% |
| Plant, machinery and equipment | 23 | €753 | €228 | -€525 | -69.7% |
| Current assets | 29/58 | €13,909 | €8,621 | -€5,288 | -38.0% |
| Amounts receivable within one year | 40/41 | €5,143 | €3,738 | -€1,404 | -27.3% |
| Trade receivables | 40 | €3,590 | €2,029 | -€1,561 | -43.5% |
| Other amounts receivable | 41 | €1,553 | €1,710 | +€157 | +10.1% |
| Cash at bank and in hand | 54/58 | €6,921 | €2,503 | -€4,417 | -63.8% |
| Deferred charges and accrued income | 490/1 | €1,846 | €2,379 | +€533 | +28.9% |
| Total equity and liabilities | 10/49 | €338,500 | €320,229 | -€18,271 | -5.4% |
| Equity | 10/15 | €327,544 | €295,996 | -€31,548 | -9.6% |
| Contributions | 10/11 | €396,300 | €396,300 | = | 0.0% |
| Reserves | 13 | €52,112 | €52,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,862 | €7,862 | -€2,000 | -20.3% |
| Reserves not available under the articles | 1311 | €9,862 | €7,862 | -€2,000 | -20.3% |
| Distributable reserves | 133 | €42,250 | €44,250 | +€2,000 | +4.7% |
| Profit (loss) carried forward | 14 | -€120,868 | -€152,416 | -€31,548 | -26.1% |
| Amounts payable | 17/49 | €10,956 | €24,233 | +€13,278 | +121% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,956 | €24,233 | +€13,278 | +121% |
| Current portion of amounts payable after more than one year | 42 | €4,860 | €0 | -€4,860 | -100% |
| Trade debts | 44 | €5,348 | €9,986 | +€4,638 | +86.7% |
| Suppliers | 440/4 | €5,348 | €9,986 | +€4,638 | +86.7% |
| Taxes, remuneration and social security | 45 | €73 | €0 | -€73 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €73 | €0 | -€73 | -100% |
| Other amounts payable | 47/48 | €675 | €14,247 | +€13,573 | +2,011% |
| Remuneration, social security and pensions | 62 | €131 | €0 | -€131 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,982 | €12,982 | = | 0.0% |
| Other operating charges | 640/8 | €1,806 | €1,637 | -€169 | -9.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€34,601 | -€16,326 | +€18,274 | +52.8% |
| Operating profit (loss) | 9901 | -€49,520 | -€30,946 | +€18,574 | +37.5% |
| Financial income | 75/76B | €1 | €6 | +€6 | +1,044% |
| Recurring financial income | 75 | €1 | €6 | +€6 | +1,044% |
| Financial charges | 65/66B | €828 | €609 | -€219 | -26.5% |
| Recurring financial charges | 65 | €828 | €609 | -€219 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,348 | -€31,548 | +€18,799 | +37.3% |
| Profit (loss) for the period | 9904 | -€50,348 | -€31,548 | +€18,799 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,348 | -€31,548 | +€18,799 | +37.3% |
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 18 October 2026 via checked.be.