ZICCO: 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.
ZICCO
Largest movements
- Cash -€10,080
down €10,080 (-67.8%), from €14,865 to €4,785
mainly Receivables within one year (-€7,864) and Current portion of long-term debt (-€6,231)
- Receivables within one year +€7,864
up €7,864 (+35.9%), from €21,924 to €29,789
of which Trade receivables: +€10,232
- Tangible fixed assets -€3,482
down €3,482 (-40.7%), from €8,564 to €5,082
of which Plant, machinery and equipment: -€1,900
- Current portion of long-term debt -€6,231
down €6,231 (-99.4%), from €6,266 to €35
- Tax, wage and social debts -€2,164
down €2,164 (-8.0%), from €27,108 to €24,944
- Financial charges -€8,305
down €8,305 (-52.8%), from €15,734 to €7,429
of which Non-recurring financial charges: -€9,203
- Gross operating margin -€4,547
down €4,547 (-20.0%), from €22,767 to €18,221
- Financial income -€1,155
no longer reported in 2024 (was €1,155)
- Taxes -€811
down €811 (-14.4%), from €5,619 to €4,809
- Depreciation -€762
down €762 (-18.0%), from €4,245 to €3,482
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 | €135,509 | €129,185 | -€6,323 | -4.7% |
| Fixed assets | 21/28 | €9,094 | €5,612 | -€3,482 | -38.3% |
| Tangible fixed assets | 22/27 | €8,564 | €5,082 | -€3,482 | -40.7% |
| Plant, machinery and equipment | 23 | €5,473 | €3,572 | -€1,900 | -34.7% |
| Furniture and vehicles | 24 | €3,092 | €1,509 | -€1,582 | -51.2% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €126,415 | €123,574 | -€2,841 | -2.2% |
| Amounts receivable after more than one year | 29 | €89,000 | €89,000 | = | 0.0% |
| Other amounts receivable | 291 | €89,000 | €89,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,924 | €29,789 | +€7,864 | +35.9% |
| Trade receivables | 40 | €3,888 | €14,120 | +€10,232 | +263% |
| Other amounts receivable | 41 | €18,037 | €15,669 | -€2,367 | -13.1% |
| Cash at bank and in hand | 54/58 | €14,865 | €4,785 | -€10,080 | -67.8% |
| Deferred charges and accrued income | 490/1 | €626 | - | -€626 | |
| Total equity and liabilities | 10/49 | €135,509 | €129,185 | -€6,323 | -4.7% |
| Equity | 10/15 | €84,301 | €85,393 | +€1,092 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,077 | €37,077 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,217 | €35,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,024 | €42,116 | +€1,092 | +2.7% |
| Amounts payable | 17/49 | €51,208 | €43,793 | -€7,416 | -14.5% |
| Amounts payable within one year | 42/48 | €51,208 | €43,793 | -€7,416 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €6,266 | €35 | -€6,231 | -99.4% |
| Trade debts | 44 | €17,835 | €18,814 | +€979 | +5.5% |
| Suppliers | 440/4 | €17,835 | €18,814 | +€979 | +5.5% |
| Taxes, remuneration and social security | 45 | €27,108 | €24,944 | -€2,164 | -8.0% |
| Taxes | 450/3 | €27,108 | €24,944 | -€2,164 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,245 | €3,482 | -€762 | -18.0% |
| Other operating charges | 640/8 | €1,124 | €1,408 | +€284 | +25.3% |
| Gross operating margin | 9900 | €22,767 | €18,221 | -€4,547 | -20.0% |
| Operating profit (loss) | 9901 | €17,399 | €13,330 | -€4,068 | -23.4% |
| Financial income | 75/76B | €1,155 | - | -€1,155 | |
| Recurring financial income | 75 | €1,155 | - | -€1,155 | |
| Financial charges | 65/66B | €15,734 | €7,429 | -€8,305 | -52.8% |
| Recurring financial charges | 65 | €5,602 | €6,499 | +€898 | +16.0% |
| Non-recurring financial charges | 66B | €10,133 | €930 | -€9,203 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €2,819 | €5,901 | +€3,081 | +109% |
| Income taxes | 67/77 | €5,619 | €4,809 | -€811 | -14.4% |
| Profit (loss) for the period | 9904 | -€2,800 | €1,092 | +€3,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,800 | €1,092 | +€3,892 |
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.