ZIEGLER ONE: 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.
ZIEGLER ONE
Largest movements
- Cash +€25,095
up €25,095 (+245.7%), from €10,212 to €35,307
mainly Trade debts (+€444,000) and Deferred charges and accrued income (+€2,172)
- Receivables within one year +€6,215
up €6,215 (+1.5%), from €421,694 to €427,909
of which Other amounts receivable: +€15,215
- Trade debts +€444,000
up €444,000 (+35.9%), from €1.2m to €1.7m
- Profit (loss) carried forward -€411,218
down €411,218 (-42.7%), from -€963,339 to -€1.4m
- Gross operating margin -€131,906
down €131,906 (-57.0%), from -€231,222 to -€363,128
- Staff costs -€68,027
down €68,027 (-51.1%), from €133,132 to €65,105
- Financial income +€37,924
up €37,924 (+2847.6%), from €1,332 to €39,256
- Financial charges -€16,559
down €16,559 (-43.4%), from €38,170 to €21,611
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.
Cash bridge derived
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 | €439,054 | €468,192 | +€29,138 | +6.6% |
| Fixed assets | 21/28 | €2,150 | €2,150 | = | 0.0% |
| Financial fixed assets | 28 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €436,904 | €466,042 | +€29,138 | +6.7% |
| Amounts receivable within one year | 40/41 | €421,694 | €427,909 | +€6,215 | +1.5% |
| Trade receivables | 40 | €9,000 | €0 | -€9,000 | -100.0% |
| Other amounts receivable | 41 | €412,694 | €427,909 | +€15,215 | +3.7% |
| Cash at bank and in hand | 54/58 | €10,212 | €35,307 | +€25,095 | +245.7% |
| Deferred charges and accrued income | 490/1 | €4,998 | €2,826 | -€2,172 | -43.5% |
| Total equity and liabilities | 10/49 | €439,054 | €468,192 | +€29,138 | +6.6% |
| Equity | 10/15 | -€821,792 | -€1,233,011 | -€411,218 | -50.0% |
| Contributions | 10/11 | €136,000 | €136,000 | = | 0.0% |
| Capital | 10 | €136,000 | €136,000 | = | 0.0% |
| Issued capital | 100 | €136,000 | €136,000 | = | 0.0% |
| Reserves | 13 | €5,547 | €5,547 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,547 | €5,547 | = | 0.0% |
| Legal reserve | 130 | €5,547 | €5,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€963,339 | -€1,374,558 | -€411,218 | -42.7% |
| Amounts payable | 17/49 | €1,260,846 | €1,701,203 | +€440,357 | +34.9% |
| Amounts payable within one year | 42/48 | €1,260,524 | €1,700,820 | +€440,296 | +34.9% |
| Trade debts | 44 | €1,235,964 | €1,679,964 | +€444,000 | +35.9% |
| Suppliers | 440/4 | €1,235,964 | €1,679,964 | +€444,000 | +35.9% |
| Taxes, remuneration and social security | 45 | €24,560 | €20,856 | -€3,704 | -15.1% |
| Taxes | 450/3 | €4,621 | €4,620 | -€1 | 0.0% |
| Remuneration and social security | 454/9 | €19,939 | €16,236 | -€3,703 | -18.6% |
| Accrued charges and deferred income | 492/3 | €322 | €383 | +€61 | +18.8% |
| Remuneration, social security and pensions | 62 | €133,132 | €65,105 | -€68,027 | -51.1% |
| Other operating charges | 640/8 | €210 | €248 | +€38 | +18.3% |
| Gross operating margin | 9900 | -€231,222 | -€363,128 | -€131,906 | -57.0% |
| Operating profit (loss) | 9901 | -€364,564 | -€428,481 | -€63,917 | -17.5% |
| Financial income | 75/76B | €1,332 | €39,256 | +€37,924 | +2847.6% |
| Recurring financial income | 75 | €1,332 | €39,256 | +€37,924 | +2847.6% |
| Financial charges | 65/66B | €38,170 | €21,611 | -€16,559 | -43.4% |
| Recurring financial charges | 65 | €38,170 | €21,611 | -€16,559 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€401,402 | -€410,836 | -€9,434 | -2.4% |
| Income taxes | 67/77 | €378 | €383 | +€5 | +1.3% |
| Profit (loss) for the period | 9904 | -€401,779 | -€411,218 | -€9,439 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€401,779 | -€411,218 | -€9,439 | -2.3% |
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 12 October 2026 via checked.be.