ZIGGU: 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.
ZIGGU
Largest movements
- Cash +€255,506
up €255,506 (+92.3%), from €276,779 to €532,285
mainly Depreciation (+€247,647) and Net result for the year (+€176,162)
- Receivables within one year -€135,399
down €135,399 (-41.4%), from €326,812 to €191,413
of which Trade receivables: -€125,458
- Intangible fixed assets +€37,603
up €37,603 (+5.5%), from €685,196 to €722,799
- Profit (loss) carried forward +€176,162
up €176,162 (+92.4%), from -€190,649 to -€14,487
- Current portion of long-term debt -€70,000
down €70,000 (-28.0%), from €250,000 to €180,000
- Tax, wage and social debts +€25,542
up €25,542 (+54.4%), from €46,986 to €72,528
of which Remuneration and social security: +€22,814
- Accrued charges and deferred income +€15,596
up €15,596 (+2.6%), from €606,873 to €622,470
- Gross operating margin +€196,202
up €196,202 (+47.3%), from €414,404 to €610,605
- Staff costs +€69,375
up €69,375 (+66.8%), from €103,857 to €173,232
- Depreciation +€48,724
up €48,724 (+24.5%), from €198,923 to €247,647
- Financial charges -€12,765
down €12,765 (-51.0%), from €25,021 to €12,257
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 | €1,339,311 | €1,492,596 | +€153,285 | +11.4% |
| Formation expenses | 20 | €32,003 | €17,116 | -€14,887 | -46.5% |
| Fixed assets | 21/28 | €688,374 | €738,395 | +€50,022 | +7.3% |
| Intangible fixed assets | 21 | €685,196 | €722,799 | +€37,603 | +5.5% |
| Tangible fixed assets | 22/27 | €3,178 | €7,356 | +€4,178 | +131.5% |
| Furniture and vehicles | 24 | €3,178 | €7,356 | +€4,178 | +131.5% |
| Financial fixed assets | 28 | €0 | €8,240 | +€8,240 | |
| Current assets | 29/58 | €618,935 | €737,085 | +€118,151 | +19.1% |
| Amounts receivable within one year | 40/41 | €326,812 | €191,413 | -€135,399 | -41.4% |
| Trade receivables | 40 | €316,843 | €191,384 | -€125,458 | -39.6% |
| Other amounts receivable | 41 | €9,969 | €29 | -€9,940 | -99.7% |
| Cash at bank and in hand | 54/58 | €276,779 | €532,285 | +€255,506 | +92.3% |
| Deferred charges and accrued income | 490/1 | €15,344 | €13,387 | -€1,957 | -12.8% |
| Total equity and liabilities | 10/49 | €1,339,311 | €1,492,596 | +€153,285 | +11.4% |
| Equity | 10/15 | €336,279 | €512,441 | +€176,162 | +52.4% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €8,328 | €8,328 | = | 0.0% |
| Distributable reserves | 133 | €8,328 | €8,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,649 | -€14,487 | +€176,162 | +92.4% |
| Amounts payable | 17/49 | €1,003,032 | €980,156 | -€22,876 | -2.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €396,159 | €357,686 | -€38,473 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €180,000 | -€70,000 | -28.0% |
| Financial debts | 43 | €6,868 | €10,089 | +€3,222 | +46.9% |
| Credit institutions | 430/8 | €6,868 | €10,089 | +€3,222 | +46.9% |
| Trade debts | 44 | €92,304 | €95,068 | +€2,764 | +3.0% |
| Suppliers | 440/4 | €92,304 | €95,068 | +€2,764 | +3.0% |
| Taxes, remuneration and social security | 45 | €46,986 | €72,528 | +€25,542 | +54.4% |
| Taxes | 450/3 | €37,897 | €40,625 | +€2,728 | +7.2% |
| Remuneration and social security | 454/9 | €9,089 | €31,903 | +€22,814 | +251.0% |
| Accrued charges and deferred income | 492/3 | €606,873 | €622,470 | +€15,596 | +2.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €103,857 | €173,232 | +€69,375 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,923 | €247,647 | +€48,724 | +24.5% |
| Other operating charges | 640/8 | €1,517 | €1,557 | +€40 | +2.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €414,404 | €610,605 | +€196,202 | +47.3% |
| Operating profit (loss) | 9901 | €110,106 | €188,169 | +€78,063 | +70.9% |
| Financial income | 75/76B | €507 | €606 | +€99 | +19.6% |
| Recurring financial income | 75 | €507 | €606 | +€99 | +19.6% |
| Financial charges | 65/66B | €25,021 | €12,257 | -€12,765 | -51.0% |
| Recurring financial charges | 65 | €25,021 | €12,257 | -€12,765 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €85,591 | €176,519 | +€90,927 | +106.2% |
| Income taxes | 67/77 | €224 | €357 | +€133 | +59.2% |
| Profit (loss) for the period | 9904 | €85,367 | €176,162 | +€90,795 | +106.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,367 | €176,162 | +€90,795 | +106.4% |
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 29 September 2026 via checked.be.