Zig Zwag: 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.
Zig Zwag
Largest movements
- Receivables after one year +€12,250
up €12,250 (+204.2%), from €6,000 to €18,250
- Cash -€4,486
down €4,486 (-26.0%), from €17,233 to €12,747
mainly Receivables after one year (-€12,250) and Contributions, distributions and other (-€7,500)
- Receivables within one year -€2,260
down €2,260 (-12.4%), from €18,167 to €15,907
- Tangible fixed assets -€724
down €724 (-18.3%), from €3,965 to €3,241
of which Plant, machinery and equipment: -€498
- Profit (loss) carried forward +€1,908
up €1,908 (+40.4%), from €4,719 to €6,627
- Trade debts +€1,675
new in 2025: €1,675
- Tax, wage and social debts +€1,261
up €1,261 (+11.8%), from €10,646 to €11,907
- Accrued charges and deferred income -€1,000
down €1,000 (-4.0%), from €25,000 to €24,000
- Other debts +€935
new in 2025: €935
- Gross operating margin -€5,679
down €5,679 (-14.4%), from €39,536 to €33,858
- Financial income +€518
up €518 (+342.6%), from €151 to €669
- Other operating charges +€419
up €419 (+2.8%), from €15,000 to €15,419
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 | €45,365 | €50,145 | +€4,781 | +10.5% |
| Fixed assets | 21/28 | €3,965 | €3,241 | -€724 | -18.3% |
| Tangible fixed assets | 22/27 | €3,965 | €3,241 | -€724 | -18.3% |
| Plant, machinery and equipment | 23 | €498 | - | -€498 | |
| Furniture and vehicles | 24 | €3,467 | €3,241 | -€226 | -6.5% |
| Current assets | 29/58 | €41,399 | €46,904 | +€5,505 | +13.3% |
| Amounts receivable after more than one year | 29 | €6,000 | €18,250 | +€12,250 | +204.2% |
| Other amounts receivable | 291 | €6,000 | €18,250 | +€12,250 | +204.2% |
| Amounts receivable within one year | 40/41 | €18,167 | €15,907 | -€2,260 | -12.4% |
| Trade receivables | 40 | €18,167 | €15,907 | -€2,260 | -12.4% |
| Cash at bank and in hand | 54/58 | €17,233 | €12,747 | -€4,486 | -26.0% |
| Total equity and liabilities | 10/49 | €45,365 | €50,145 | +€4,781 | +10.5% |
| Equity | 10/15 | €9,719 | €11,627 | +€1,908 | +19.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,719 | €6,627 | +€1,908 | +40.4% |
| Amounts payable | 17/49 | €35,646 | €38,518 | +€2,872 | +8.1% |
| Amounts payable within one year | 42/48 | €10,646 | €14,518 | +€3,872 | +36.4% |
| Trade debts | 44 | - | €1,675 | +€1,675 | |
| Suppliers | 440/4 | - | €1,675 | +€1,675 | |
| Taxes, remuneration and social security | 45 | €10,646 | €11,907 | +€1,261 | +11.8% |
| Taxes | 450/3 | €10,646 | €11,907 | +€1,261 | +11.8% |
| Other amounts payable | 47/48 | - | €935 | +€935 | |
| Accrued charges and deferred income | 492/3 | €25,000 | €24,000 | -€1,000 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,211 | €1,956 | -€254 | -11.5% |
| Other operating charges | 640/8 | €15,000 | €15,419 | +€419 | +2.8% |
| Gross operating margin | 9900 | €39,536 | €33,858 | -€5,679 | -14.4% |
| Operating profit (loss) | 9901 | €22,326 | €16,483 | -€5,843 | -26.2% |
| Financial income | 75/76B | €151 | €669 | +€518 | +342.6% |
| Recurring financial income | 75 | €151 | €669 | +€518 | +342.6% |
| Financial charges | 65/66B | €2,840 | €2,645 | -€195 | -6.9% |
| Recurring financial charges | 65 | €2,840 | €2,645 | -€195 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €19,637 | €14,506 | -€5,130 | -26.1% |
| Income taxes | 67/77 | €5,225 | €5,098 | -€127 | -2.4% |
| Profit (loss) for the period | 9904 | €14,412 | €9,408 | -€5,003 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,412 | €9,408 | -€5,003 | -34.7% |
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 12 October 2026 via checked.be.