ZAYAN: 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.
ZAYAN
Largest movements
- Current assets +€82,011
up €82,011 (+145.2%), from €56,476 to €138,487
of which Receivables within one year: +€76,450
- Tangible fixed assets -€65,934
down €65,934 (-22.0%), from €299,834 to €233,900
- Formation expenses -€25,455
no longer reported in 2022 (was €25,455)
- Debts within one year +€121,018
up €121,018 (+77.0%), from €157,145 to €278,163
of which Other debts: +€129,741
- Debts after one year -€79,768
down €79,768 (-41.9%), from €190,331 to €110,563
- Equity -€49,908
down €49,908 (-97.7%), from €51,088 to €1,181
of which Profit (loss) carried forward: -€49,908
- Purchases and services +€354,909
new in 2022: €354,909
- Staff costs +€105,763
new in 2022: €105,763
- Gross operating margin -€29,350
down €29,350 (-21.9%), from €133,991 to €104,640
- Financial charges +€7,417
new in 2022: €7,417
- Depreciation -€6,627
down €6,627 (-11.6%), from €57,194 to €50,566
From the 2020 result to the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,565 | €389,907 | -€8,658 | -2.2% |
| Formation expenses | 20 | €25,455 | - | -€25,455 | |
| Fixed assets | 21/28 | €316,634 | €251,420 | -€65,214 | -20.6% |
| Tangible fixed assets | 22/27 | €299,834 | €233,900 | -€65,934 | -22.0% |
| Furniture and vehicles | 24 | - | €44,086 | +€44,086 | |
| Other tangible fixed assets | 26 | - | €189,814 | +€189,814 | |
| Financial fixed assets | 28 | €16,800 | €17,520 | +€720 | +4.3% |
| Current assets | 29/58 | €56,476 | €138,487 | +€82,011 | +145.2% |
| Stocks and contracts in progress | 3 | €31,255 | €31,255 | = | 0.0% |
| Stocks | 30/36 | - | €31,255 | +€31,255 | |
| Amounts receivable within one year | 40/41 | €3,504 | €79,954 | +€76,450 | +2182.1% |
| Trade receivables | 40 | - | €73,148 | +€73,148 | |
| Other amounts receivable | 41 | - | €6,806 | +€6,806 | |
| Cash at bank and in hand | 54/58 | €5,918 | €26,796 | +€20,878 | +352.8% |
| Deferred charges and accrued income | 490/1 | - | €482 | +€482 | |
| Total equity and liabilities | 10/49 | €398,565 | €389,907 | -€8,658 | -2.2% |
| Equity | 10/15 | €51,088 | €1,181 | -€49,908 | -97.7% |
| Contributions | 10/11 | - | €55,000 | +€55,000 | |
| Profit (loss) carried forward | 14 | -€56,379 | -€106,287 | -€49,908 | -88.5% |
| Investment grants | 15 | - | €52,467 | +€52,467 | |
| Amounts payable | 17/49 | €347,476 | €388,726 | +€41,250 | +11.9% |
| Amounts payable after more than one year | 17 | €190,331 | €110,563 | -€79,768 | -41.9% |
| Financial debts | 170/4 | - | €110,563 | +€110,563 | |
| Amounts payable within one year | 42/48 | €157,145 | €278,163 | +€121,018 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,816 | +€21,816 | |
| Trade debts | 44 | €54,002 | €68,163 | +€14,161 | +26.2% |
| Suppliers | 440/4 | - | €68,163 | +€68,163 | |
| Taxes, remuneration and social security | 45 | - | €58,443 | +€58,443 | |
| Taxes | 450/3 | - | €870 | +€870 | |
| Remuneration and social security | 454/9 | - | €57,573 | +€57,573 | |
| Other amounts payable | 47/48 | - | €129,741 | +€129,741 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €354,909 | +€354,909 | |
| Remuneration, social security and pensions | 62 | - | €105,763 | +€105,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,194 | €50,566 | -€6,627 | -11.6% |
| Other operating charges | 640/8 | - | €699 | +€699 | |
| Gross operating margin | 9900 | €133,991 | €104,640 | -€29,350 | -21.9% |
| Operating profit (loss) | 9901 | -€42,041 | -€52,388 | -€10,347 | -24.6% |
| Financial charges | 65/66B | - | €7,417 | +€7,417 | |
| Recurring financial charges | 65 | €14,338 | €7,417 | -€6,921 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | -€56,379 | -€59,805 | -€3,426 | -6.1% |
| Profit (loss) for the period | 9904 | -€56,379 | -€59,805 | -€3,426 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,379 | -€59,805 | -€3,426 | -6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.