Zig Zag: what changed
Two fiscal 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.
Zig Zag
Largest movements
- Cash +€906,906
up €906,906 (+94.6%), from €958,774 to €1.9m
mainly Accrued charges and deferred income (+€531,062) and Receivables within one year (+€195,356)
- Receivables within one year -€195,356
down €195,356 (-30.6%), from €638,596 to €443,241
of which Other amounts receivable: -€384,417
- Deferred charges and accrued income -€59,932
down €59,932 (-55.8%), from €107,316 to €47,384
- Accrued charges and deferred income +€531,062
up €531,062 (+71.4%), from €743,553 to €1.3m
- Reserves +€90,850
up €90,850 (+41.7%), from €217,716 to €308,566
- Debts within one year +€37,551
up €37,551 (+9.0%), from €419,269 to €456,820
of which Trade debts: +€38,676
- Staff costs -€54,969
down €54,969 (-23.8%), from €231,053 to €176,084
- Gross operating margin +€10,534
up €10,534 (+3.9%), from €268,884 to €279,417
- Financial income +€10,213
up €10,213 (+1381.1%), from €739 to €10,953
- Other operating charges -€5,445
down €5,445 (-70.6%), from €7,711 to €2,266
- Depreciation +€4,631
up €4,631 (+75.7%), from €6,115 to €10,746
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.
Cash bridge derived
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 | €1,753,887 | €2,417,913 | +€664,026 | +37.9% |
| Fixed assets | 21/28 | €49,201 | €61,608 | +€12,407 | +25.2% |
| Tangible fixed assets | 22/27 | €17,865 | €30,271 | +€12,407 | +69.4% |
| Plant, machinery and equipment | 23 | €964 | - | -€964 | |
| Furniture and vehicles | 24 | €16,901 | €30,271 | +€13,370 | +79.1% |
| Financial fixed assets | 28 | €31,337 | €31,337 | = | 0.0% |
| Current assets | 29/58 | €1,704,686 | €2,356,305 | +€651,619 | +38.2% |
| Amounts receivable within one year | 40/41 | €638,596 | €443,241 | -€195,356 | -30.6% |
| Trade receivables | 40 | €138,826 | €327,887 | +€189,061 | +136.2% |
| Other amounts receivable | 41 | €499,770 | €115,353 | -€384,417 | -76.9% |
| Cash at bank and in hand | 54/58 | €958,774 | €1,865,681 | +€906,906 | +94.6% |
| Deferred charges and accrued income | 490/1 | €107,316 | €47,384 | -€59,932 | -55.8% |
| Total equity and liabilities | 10/49 | €1,753,887 | €2,417,913 | +€664,026 | +37.9% |
| Equity | 10/15 | €516,386 | €611,799 | +€95,413 | +18.5% |
| Reserves | 13 | €217,716 | €308,566 | +€90,850 | +41.7% |
| Profit (loss) carried forward | 14 | €298,670 | €303,233 | +€4,563 | +1.5% |
| Provisions and deferred taxes | 16 | €74,679 | €74,679 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €74,679 | €74,679 | = | 0.0% |
| Other liabilities and charges | 164/5 | €74,679 | €74,679 | = | 0.0% |
| Amounts payable | 17/49 | €1,162,822 | €1,731,435 | +€568,613 | +48.9% |
| Amounts payable within one year | 42/48 | €419,269 | €456,820 | +€37,551 | +9.0% |
| Trade debts | 44 | €372,826 | €411,502 | +€38,676 | +10.4% |
| Suppliers | 440/4 | €372,826 | €411,502 | +€38,676 | +10.4% |
| Taxes, remuneration and social security | 45 | €29,461 | €27,836 | -€1,625 | -5.5% |
| Taxes | 450/3 | €4,133 | €7,528 | +€3,396 | +82.2% |
| Remuneration and social security | 454/9 | €25,328 | €20,307 | -€5,021 | -19.8% |
| Accrued charges and deferred income | 492/3 | €743,553 | €1,274,615 | +€531,062 | +71.4% |
| Non-recurring operating income | 76A | €3,100 | €56,373 | +€53,273 | +1718.5% |
| Remuneration, social security and pensions | 62 | €231,053 | €176,084 | -€54,969 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,115 | €10,746 | +€4,631 | +75.7% |
| Other operating charges | 640/8 | €7,711 | €2,266 | -€5,445 | -70.6% |
| Non-recurring operating charges | 66A | €506 | €0 | -€506 | -100.0% |
| Gross operating margin | 9900 | €268,884 | €279,417 | +€10,534 | +3.9% |
| Operating profit (loss) | 9901 | €23,498 | €90,321 | +€66,824 | +284.4% |
| Financial income | 75/76B | €739 | €10,953 | +€10,213 | +1381.1% |
| Recurring financial income | 75 | €739 | €10,953 | +€10,213 | +1381.1% |
| Financial charges | 65/66B | €4,851 | €5,463 | +€612 | +12.6% |
| Recurring financial charges | 65 | €4,851 | €5,463 | +€612 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €19,386 | €95,811 | +€76,425 | +394.2% |
| Income taxes | 67/77 | - | €398 | +€398 | |
| Profit (loss) for the period | 9904 | €19,386 | €95,413 | +€76,026 | +392.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,386 | €95,413 | +€76,026 | +392.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.