ZGZG: 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.
ZGZG
Largest movements
- Stocks and contracts -€476,103
down €476,103 (-25.7%), from €1.9m to €1.4m
- Cash +€51,908
up €51,908 (+1,342%), from €3,869 to €55,777
mainly Stocks and contracts (+€476,103) and Other debts (+€54,987)
- Short-term financial debts -€373,500
down €373,500 (-29.4%), from €1.3m to €895,000
- Profit (loss) carried forward -€95,818
down €95,818 (-48.5%), from -€197,671 to -€293,489
- Other debts +€54,987
up €54,987 (+7.4%), from €746,747 to €801,734
- Gross operating margin +€27,336
up €27,336, from -€20,070 to €7,267
- Financial charges -€14,229
down €14,229 (-13.8%), from €103,287 to €89,058
- Other operating charges +€9,834
up €9,834 (+235%), from €4,193 to €14,027
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,854,226 | €1,430,817 | -€423,410 | -22.8% |
| Current assets | 29/58 | €1,854,226 | €1,430,817 | -€423,410 | -22.8% |
| Stocks and contracts in progress | 3 | €1,850,357 | €1,374,254 | -€476,103 | -25.7% |
| Stocks | 30/36 | €1,850,357 | €1,374,254 | -€476,103 | -25.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,869 | €55,777 | +€51,908 | +1,342% |
| Deferred charges and accrued income | 490/1 | €0 | €785 | +€785 | |
| Total equity and liabilities | 10/49 | €1,854,226 | €1,430,817 | -€423,410 | -22.8% |
| Equity | 10/15 | -€187,671 | -€283,489 | -€95,818 | -51.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,671 | -€293,489 | -€95,818 | -48.5% |
| Amounts payable | 17/49 | €2,041,897 | €1,714,306 | -€327,592 | -16.0% |
| Amounts payable within one year | 42/48 | €2,026,481 | €1,705,824 | -€320,657 | -15.8% |
| Financial debts | 43 | €1,268,500 | €895,000 | -€373,500 | -29.4% |
| Credit institutions | 430/8 | €1,268,500 | €895,000 | -€373,500 | -29.4% |
| Trade debts | 44 | €11,234 | €9,090 | -€2,144 | -19.1% |
| Suppliers | 440/4 | €11,234 | €9,090 | -€2,144 | -19.1% |
| Other amounts payable | 47/48 | €746,747 | €801,734 | +€54,987 | +7.4% |
| Accrued charges and deferred income | 492/3 | €15,416 | €8,482 | -€6,934 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €4,193 | €14,027 | +€9,834 | +235% |
| Gross operating margin | 9900 | -€20,070 | €7,267 | +€27,336 | |
| Operating profit (loss) | 9901 | -€24,262 | -€6,760 | +€17,502 | +72.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €103,287 | €89,058 | -€14,229 | -13.8% |
| Recurring financial charges | 65 | €103,287 | €89,058 | -€14,229 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€127,549 | -€95,818 | +€31,731 | +24.9% |
| Profit (loss) for the period | 9904 | -€127,549 | -€95,818 | +€31,731 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,549 | -€95,818 | +€31,731 | +24.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.