Ziegler Tech: 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 Tech
Largest movements
- Receivables within one year +€212,957
up €212,957 (+180%), from €118,616 to €331,573
of which Trade receivables: +€212,960
- Tangible fixed assets -€16,167
down €16,167 (-99.5%), from €16,255 to €89
of which Furniture and vehicles: -€16,167
- Cash -€8,374
down €8,374 (-14.2%), from €59,111 to €50,737
mainly Receivables within one year (-€212,957) and Net result for the year (-€36,552)
- Trade debts +€180,860
up €180,860 (+299%), from €60,569 to €241,429
- Other debts +€46,113
up €46,113 (+79.1%), from €58,278 to €104,390
- Profit (loss) carried forward -€36,552
down €36,552 (-120%), from -€30,398 to -€66,950
- Gross operating margin -€136,724
down €136,724, from €118,357 to -€18,367
- Taxes -€32,206
down €32,206 (-99.0%), from €32,547 to €341
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 | €222,765 | €410,322 | +€187,557 | +84.2% |
| Fixed assets | 21/28 | €16,255 | €89 | -€16,167 | -99.5% |
| Tangible fixed assets | 22/27 | €16,255 | €89 | -€16,167 | -99.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €16,255 | €89 | -€16,167 | -99.5% |
| Current assets | 29/58 | €206,510 | €410,233 | +€203,723 | +98.7% |
| Stocks and contracts in progress | 3 | €27,922 | €27,922 | = | 0.0% |
| Stocks | 30/36 | €27,922 | €27,922 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,616 | €331,573 | +€212,957 | +180% |
| Trade receivables | 40 | €116,160 | €329,120 | +€212,960 | +183% |
| Other amounts receivable | 41 | €2,456 | €2,453 | -€3 | -0.1% |
| Cash at bank and in hand | 54/58 | €59,111 | €50,737 | -€8,374 | -14.2% |
| Deferred charges and accrued income | 490/1 | €860 | €0 | -€860 | -100% |
| Total equity and liabilities | 10/49 | €222,765 | €410,322 | +€187,557 | +84.2% |
| Equity | 10/15 | €90,882 | €54,330 | -€36,552 | -40.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,680 | €102,680 | = | 0.0% |
| Distributable reserves | 133 | €102,680 | €102,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,398 | -€66,950 | -€36,552 | -120% |
| Amounts payable | 17/49 | €131,883 | €355,992 | +€224,109 | +170% |
| Amounts payable within one year | 42/48 | €131,883 | €355,992 | +€224,109 | +170% |
| Trade debts | 44 | €60,569 | €241,429 | +€180,860 | +299% |
| Suppliers | 440/4 | €60,569 | €241,429 | +€180,860 | +299% |
| Taxes, remuneration and social security | 45 | €13,037 | €10,172 | -€2,864 | -22.0% |
| Taxes | 450/3 | €13,037 | €10,172 | -€2,864 | -22.0% |
| Other amounts payable | 47/48 | €58,278 | €104,390 | +€46,113 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,211 | €16,167 | -€44 | -0.3% |
| Other operating charges | 640/8 | €1,597 | €1,399 | -€198 | -12.4% |
| Gross operating margin | 9900 | €118,357 | -€18,367 | -€136,724 | |
| Operating profit (loss) | 9901 | €100,548 | -€35,933 | -€136,481 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €106 | €279 | +€173 | +164% |
| Recurring financial charges | 65 | €106 | €279 | +€173 | +164% |
| Profit (loss) for the period before taxes | 9903 | €100,443 | -€36,211 | -€136,654 | |
| Income taxes | 67/77 | €32,547 | €341 | -€32,206 | -99.0% |
| Profit (loss) for the period | 9904 | €67,896 | -€36,552 | -€104,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,896 | -€36,552 | -€104,448 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.