ZE AGENCY: 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.
ZE AGENCY
Largest movements
- Intangible fixed assets -€33,121
down €33,121 (-51.9%), from €63,787 to €30,666
- Receivables within one year -€21,339
down €21,339 (-80.3%), from €26,567 to €5,228
of which Trade receivables: -€23,929
- Tangible fixed assets -€5,732
down €5,732 (-49.8%), from €11,512 to €5,781
of which Furniture and vehicles: -€5,267
- Profit (loss) carried forward -€26,778
down €26,778 (-349%), from -€7,665 to -€34,443
- Trade debts +€23,764
up €23,764 (+13.0%), from €182,263 to €206,027
- Current portion of long-term debt -€21,311
down €21,311 (-86.5%), from €24,632 to €3,320
- Tax, wage and social debts -€13,397
down €13,397 (-42.3%), from €31,638 to €18,241
of which Taxes: -€15,564
- Investment grants -€9,000
no longer reported in 2024 (was €9,000)
- Gross operating margin -€15,315
down €15,315 (-15.0%), from €102,222 to €86,907
- Staff costs +€6,179
up €6,179 (+9.1%), from €68,232 to €74,412
- Other operating charges +€5,572
up €5,572 (+116%), from €4,817 to €10,389
- Financial income +€4,219
up €4,219 (+88.2%), from €4,781 to €9,000
- Depreciation -€3,659
down €3,659 (-9.2%), from €39,858 to €36,199
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 | €452,425 | €393,013 | -€59,411 | -13.1% |
| Fixed assets | 21/28 | €85,527 | €46,674 | -€38,853 | -45.4% |
| Intangible fixed assets | 21 | €63,787 | €30,666 | -€33,121 | -51.9% |
| Tangible fixed assets | 22/27 | €11,512 | €5,781 | -€5,732 | -49.8% |
| Plant, machinery and equipment | 23 | €1,016 | €551 | -€464 | -45.7% |
| Furniture and vehicles | 24 | €10,497 | €5,229 | -€5,267 | -50.2% |
| Financial fixed assets | 28 | €10,228 | €10,228 | = | 0.0% |
| Current assets | 29/58 | €366,897 | €346,339 | -€20,559 | -5.6% |
| Amounts receivable within one year | 40/41 | €26,567 | €5,228 | -€21,339 | -80.3% |
| Trade receivables | 40 | €26,567 | €2,638 | -€23,929 | -90.1% |
| Other amounts receivable | 41 | - | €2,590 | +€2,590 | |
| Cash at bank and in hand | 54/58 | €339,156 | €341,111 | +€1,955 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,174 | - | -€1,174 | |
| Total equity and liabilities | 10/49 | €452,425 | €393,013 | -€59,411 | -13.1% |
| Equity | 10/15 | €151,243 | €115,465 | -€35,778 | -23.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €124,908 | €124,908 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €122,408 | €122,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,665 | -€34,443 | -€26,778 | -349% |
| Investment grants | 15 | €9,000 | - | -€9,000 | |
| Provisions and deferred taxes | 16 | €3,000 | - | -€3,000 | |
| Deferred taxes | 168 | €3,000 | - | -€3,000 | |
| Amounts payable | 17/49 | €298,182 | €277,548 | -€20,634 | -6.9% |
| Amounts payable after more than one year | 17 | €6,301 | - | -€6,301 | |
| Financial debts | 170/4 | €6,301 | - | -€6,301 | |
| Amounts payable within one year | 42/48 | €291,377 | €277,548 | -€13,828 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €24,632 | €3,320 | -€21,311 | -86.5% |
| Trade debts | 44 | €182,263 | €206,027 | +€23,764 | +13.0% |
| Suppliers | 440/4 | €182,263 | €206,027 | +€23,764 | +13.0% |
| Taxes, remuneration and social security | 45 | €31,638 | €18,241 | -€13,397 | -42.3% |
| Taxes | 450/3 | €19,352 | €3,789 | -€15,564 | -80.4% |
| Remuneration and social security | 454/9 | €12,286 | €14,453 | +€2,167 | +17.6% |
| Other amounts payable | 47/48 | €52,843 | €49,960 | -€2,883 | -5.5% |
| Accrued charges and deferred income | 492/3 | €504 | - | -€504 | |
| Remuneration, social security and pensions | 62 | €68,232 | €74,412 | +€6,179 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,858 | €36,199 | -€3,659 | -9.2% |
| Other operating charges | 640/8 | €4,817 | €10,389 | +€5,572 | +116% |
| Non-recurring operating charges | 66A | €241 | €460 | +€219 | +90.9% |
| Gross operating margin | 9900 | €102,222 | €86,907 | -€15,315 | -15.0% |
| Operating profit (loss) | 9901 | -€10,926 | -€34,553 | -€23,626 | -216% |
| Financial income | 75/76B | €4,781 | €9,000 | +€4,219 | +88.2% |
| Recurring financial income | 75 | €4,781 | €9,000 | +€4,219 | +88.2% |
| Financial charges | 65/66B | €2,982 | €3,986 | +€1,004 | +33.7% |
| Recurring financial charges | 65 | €2,982 | €3,986 | +€1,004 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,127 | -€29,539 | -€20,412 | -224% |
| Transfer from deferred taxes | 780 | €1,594 | €3,000 | +€1,406 | +88.2% |
| Income taxes | 67/77 | €132 | €239 | +€107 | +81.7% |
| Profit (loss) for the period | 9904 | -€7,665 | -€26,778 | -€19,113 | -249% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,665 | -€26,778 | -€19,113 | -249% |
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.