ZER MOTORS: 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.
ZER MOTORS
Largest movements
- Stocks and contracts -€40,124
down €40,124 (-15.7%), from €255,872 to €215,748
- Cash +€32,584
up €32,584 (+198%), from €16,448 to €49,032
mainly Stocks and contracts (+€40,124) and Trade debts (+€29,676)
- Receivables within one year -€19,859
down €19,859 (-29.7%), from €66,911 to €47,052
of which Trade receivables: -€15,842
- Tangible fixed assets -€4,767
down €4,767 (-71.5%), from €6,667 to €1,900
of which Plant, machinery and equipment: -€6,667
- Profit (loss) carried forward -€66,624
down €66,624, from €35,138 to -€31,486
- Trade debts +€29,676
up €29,676 (+102%), from €29,121 to €58,797
- Advances received +€10,915
new in 2024: €10,915
- Other debts -€8,084
down €8,084 (-3.1%), from €263,039 to €254,955
- Gross operating margin +€35,198
up €35,198 (+63.6%), from -€55,375 to -€20,177
- Taxes +€23,425
new in 2024: €23,425
- Staff costs +€13,515
up €13,515 (+51,981%), from €26 to €13,541
- Financial income +€1,095
up €1,095 (+135%), from €810 to €1,905
of which Non-recurring financial income: +€1,100
- Depreciation +€950
up €950 (+14.2%), from €6,667 to €7,617
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 | €345,898 | €313,732 | -€32,166 | -9.3% |
| Fixed assets | 21/28 | €6,667 | €1,900 | -€4,767 | -71.5% |
| Tangible fixed assets | 22/27 | €6,667 | €1,900 | -€4,767 | -71.5% |
| Plant, machinery and equipment | 23 | €6,667 | - | -€6,667 | |
| Furniture and vehicles | 24 | - | €1,900 | +€1,900 | |
| Current assets | 29/58 | €339,231 | €311,832 | -€27,399 | -8.1% |
| Stocks and contracts in progress | 3 | €255,872 | €215,748 | -€40,124 | -15.7% |
| Stocks | 30/36 | €255,872 | €215,748 | -€40,124 | -15.7% |
| Amounts receivable within one year | 40/41 | €66,911 | €47,052 | -€19,859 | -29.7% |
| Trade receivables | 40 | €43,650 | €27,808 | -€15,842 | -36.3% |
| Other amounts receivable | 41 | €23,261 | €19,244 | -€4,017 | -17.3% |
| Cash at bank and in hand | 54/58 | €16,448 | €49,032 | +€32,584 | +198% |
| Total equity and liabilities | 10/49 | €345,898 | €313,732 | -€32,166 | -9.3% |
| Equity | 10/15 | €53,738 | -€12,886 | -€66,624 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,138 | -€31,486 | -€66,624 | |
| Amounts payable | 17/49 | €292,160 | €326,618 | +€34,458 | +11.8% |
| Amounts payable within one year | 42/48 | €292,160 | €326,618 | +€34,458 | +11.8% |
| Trade debts | 44 | €29,121 | €58,797 | +€29,676 | +102% |
| Suppliers | 440/4 | €29,121 | €58,797 | +€29,676 | +102% |
| Advances received on contracts in progress | 46 | - | €10,915 | +€10,915 | |
| Taxes, remuneration and social security | 45 | - | €1,951 | +€1,951 | |
| Remuneration and social security | 454/9 | - | €1,951 | +€1,951 | |
| Other amounts payable | 47/48 | €263,039 | €254,955 | -€8,084 | -3.1% |
| Remuneration, social security and pensions | 62 | €26 | €13,541 | +€13,515 | +51,981% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €7,617 | +€950 | +14.2% |
| Other operating charges | 640/8 | €4,412 | €3,559 | -€853 | -19.3% |
| Gross operating margin | 9900 | -€55,375 | -€20,177 | +€35,198 | +63.6% |
| Operating profit (loss) | 9901 | -€66,480 | -€44,894 | +€21,586 | +32.5% |
| Financial income | 75/76B | €810 | €1,905 | +€1,095 | +135% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -62.5% |
| Non-recurring financial income | 76B | €802 | €1,902 | +€1,100 | +137% |
| Financial charges | 65/66B | €36 | €210 | +€174 | +483% |
| Recurring financial charges | 65 | €36 | €210 | +€174 | +483% |
| Profit (loss) for the period before taxes | 9903 | -€65,706 | -€43,199 | +€22,507 | +34.3% |
| Income taxes | 67/77 | - | €23,425 | +€23,425 | |
| Profit (loss) for the period | 9904 | -€65,706 | -€66,624 | -€918 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,706 | -€66,624 | -€918 | -1.4% |
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 22 October 2026 via checked.be.