ZAXO: 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.
ZAXO
Largest movements
- Receivables within one year -€3,299
down €3,299 (-56.9%), from €5,797 to €2,498
- Accrued charges and deferred income -€182,228
no longer reported in 2024 (was €182,228)
- Profit (loss) carried forward +€139,197
up €139,197 (+94.3%), from -€147,671 to -€8,474
- Tax, wage and social debts +€31,173
up €31,173 (+305%), from €10,208 to €41,382
of which Taxes: +€36,099
- Other debts +€13,159
new in 2024: €13,159
- Trade debts -€5,356
down €5,356 (-17.6%), from €30,402 to €25,046
- Gross operating margin +€257,700
up €257,700, from -€48,121 to €209,578
- Taxes +€34,799
new in 2024: €34,799
- Staff costs +€8,588
up €8,588 (+46.6%), from €18,422 to €27,010
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 | €79,167 | €75,112 | -€4,055 | -5.1% |
| Current assets | 29/58 | €79,167 | €75,112 | -€4,055 | -5.1% |
| Amounts receivable within one year | 40/41 | €5,797 | €2,498 | -€3,299 | -56.9% |
| Other amounts receivable | 41 | €5,797 | €2,498 | -€3,299 | -56.9% |
| Cash at bank and in hand | 54/58 | €72,815 | €72,572 | -€243 | -0.3% |
| Deferred charges and accrued income | 490/1 | €555 | €43 | -€512 | -92.3% |
| Total equity and liabilities | 10/49 | €79,167 | €75,112 | -€4,055 | -5.1% |
| Equity | 10/15 | -€143,671 | -€4,474 | +€139,197 | +96.9% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,671 | -€8,474 | +€139,197 | +94.3% |
| Amounts payable | 17/49 | €222,838 | €79,586 | -€143,252 | -64.3% |
| Amounts payable within one year | 42/48 | €40,610 | €79,586 | +€38,976 | +96.0% |
| Trade debts | 44 | €30,402 | €25,046 | -€5,356 | -17.6% |
| Suppliers | 440/4 | €30,402 | €25,046 | -€5,356 | -17.6% |
| Taxes, remuneration and social security | 45 | €10,208 | €41,382 | +€31,173 | +305% |
| Taxes | 450/3 | - | €36,099 | +€36,099 | |
| Remuneration and social security | 454/9 | €10,208 | €5,283 | -€4,925 | -48.2% |
| Other amounts payable | 47/48 | - | €13,159 | +€13,159 | |
| Accrued charges and deferred income | 492/3 | €182,228 | - | -€182,228 | |
| Remuneration, social security and pensions | 62 | €18,422 | €27,010 | +€8,588 | +46.6% |
| Other operating charges | 640/8 | €6,062 | €7,756 | +€1,694 | +27.9% |
| Gross operating margin | 9900 | -€48,121 | €209,578 | +€257,700 | |
| Operating profit (loss) | 9901 | -€72,605 | €174,812 | +€247,418 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +1.6% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +1.6% |
| Financial charges | 65/66B | €212 | €817 | +€605 | +285% |
| Recurring financial charges | 65 | €212 | €817 | +€605 | +285% |
| Profit (loss) for the period before taxes | 9903 | -€72,817 | €173,996 | +€246,813 | |
| Income taxes | 67/77 | - | €34,799 | +€34,799 | |
| Profit (loss) for the period | 9904 | -€72,817 | €139,197 | +€212,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,817 | €139,197 | +€212,014 |
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.