ZET Culinary Concepts: 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.
ZET Culinary Concepts
Largest movements
- Receivables within one year +€63,540
up €63,540 (+113%), from €56,126 to €119,666
of which Other amounts receivable: +€55,036
- Cash +€7,467
up €7,467 (+65.6%), from €11,388 to €18,855
mainly Net result for the year (+€42,535) and Tax, wage and social debts (+€18,378)
- Tangible fixed assets -€5,116
down €5,116 (-17.7%), from €28,915 to €23,799
of which Plant, machinery and equipment: -€5,052
- Profit (loss) carried forward +€22,535
up €22,535 (+350%), from €6,447 to €28,983
- Reserves +€20,000
up €20,000 (+44.4%), from €45,000 to €65,000
- Tax, wage and social debts +€18,378
up €18,378 (+47.8%), from €38,420 to €56,798
of which Taxes: +€18,481
- Trade debts +€2,479
up €2,479 (+27.8%), from €8,907 to €11,387
- Current portion of long-term debt +€2,207
new in 2024: €2,207
- Gross operating margin +€36,196
up €36,196 (+20.5%), from €176,734 to €212,930
- Staff costs -€15,882
down €15,882 (-11.5%), from €137,863 to €121,982
- Taxes +€13,797
up €13,797 (+394%), from €3,500 to €17,297
- Other operating charges +€12,305
up €12,305 (+80.3%), from €15,330 to €27,635
- Financial income +€3,054
up €3,054 (+175%), from €1,744 to €4,798
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 | €108,774 | €174,374 | +€65,600 | +60.3% |
| Fixed assets | 21/28 | €38,886 | €33,781 | -€5,106 | -13.1% |
| Tangible fixed assets | 22/27 | €28,915 | €23,799 | -€5,116 | -17.7% |
| Plant, machinery and equipment | 23 | €27,715 | €22,663 | -€5,052 | -18.2% |
| Furniture and vehicles | 24 | €1,200 | €1,136 | -€64 | -5.3% |
| Financial fixed assets | 28 | €9,971 | €9,982 | +€11 | +0.1% |
| Current assets | 29/58 | €69,888 | €140,594 | +€70,706 | +101% |
| Stocks and contracts in progress | 3 | €2,374 | €1,866 | -€508 | -21.4% |
| Stocks | 30/36 | €2,374 | €1,866 | -€508 | -21.4% |
| Amounts receivable within one year | 40/41 | €56,126 | €119,666 | +€63,540 | +113% |
| Trade receivables | 40 | €1,591 | €10,095 | +€8,504 | +535% |
| Other amounts receivable | 41 | €54,535 | €109,571 | +€55,036 | +101% |
| Cash at bank and in hand | 54/58 | €11,388 | €18,855 | +€7,467 | +65.6% |
| Deferred charges and accrued income | 490/1 | - | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €108,774 | €174,374 | +€65,600 | +60.3% |
| Equity | 10/15 | €61,447 | €103,983 | +€42,535 | +69.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €65,000 | +€20,000 | +44.4% |
| Distributable reserves | 133 | €45,000 | €65,000 | +€20,000 | +44.4% |
| Profit (loss) carried forward | 14 | €6,447 | €28,983 | +€22,535 | +350% |
| Amounts payable | 17/49 | €47,327 | €70,392 | +€23,065 | +48.7% |
| Amounts payable within one year | 42/48 | €47,327 | €70,392 | +€23,065 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,207 | +€2,207 | |
| Trade debts | 44 | €8,907 | €11,387 | +€2,479 | +27.8% |
| Suppliers | 440/4 | €8,907 | €11,387 | +€2,479 | +27.8% |
| Taxes, remuneration and social security | 45 | €38,420 | €56,798 | +€18,378 | +47.8% |
| Taxes | 450/3 | €25,835 | €44,316 | +€18,481 | +71.5% |
| Remuneration and social security | 454/9 | €12,585 | €12,482 | -€102 | -0.8% |
| Remuneration, social security and pensions | 62 | €137,863 | €121,982 | -€15,882 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,578 | €5,675 | +€97 | +1.7% |
| Other operating charges | 640/8 | €15,330 | €27,635 | +€12,305 | +80.3% |
| Gross operating margin | 9900 | €176,734 | €212,930 | +€36,196 | +20.5% |
| Operating profit (loss) | 9901 | €17,962 | €57,638 | +€39,676 | +221% |
| Financial income | 75/76B | €1,744 | €4,798 | +€3,054 | +175% |
| Recurring financial income | 75 | €1,744 | €4,798 | +€3,054 | +175% |
| Financial charges | 65/66B | €4,379 | €2,603 | -€1,775 | -40.5% |
| Recurring financial charges | 65 | €4,379 | €2,603 | -€1,775 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €15,327 | €59,832 | +€44,505 | +290% |
| Income taxes | 67/77 | €3,500 | €17,297 | +€13,797 | +394% |
| Profit (loss) for the period | 9904 | €11,827 | €42,535 | +€30,708 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €11,827 | €42,535 | +€30,708 | +260% |
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 27 October 2026 via checked.be.