ZIGGURAT: 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.
ZIGGURAT
Largest movements
- Stocks and contracts -€10,450
no longer reported in 2024 (was €10,450)
- Cash +€2,317
up €2,317 (+646.6%), from €358 to €2,675
mainly Other debts (+€98,587) and Stocks and contracts (+€10,450)
- Tangible fixed assets -€1,436
no longer reported in 2024 (was €1,436)
of which Land and buildings: -€1,263
- Receivables within one year +€1,361
up €1,361 (+49.3%), from €2,759 to €4,120
of which Trade receivables: +€1,369
- Other debts +€98,587
up €98,587 (+56.8%), from €173,651 to €272,238
- Trade debts -€65,800
no longer reported in 2024 (was €65,800)
- Profit (loss) carried forward -€35,097
down €35,097 (-10.4%), from -€337,058 to -€372,156
- Tax, wage and social debts -€5,702
down €5,702 (-96.6%), from €5,905 to €204
of which Remuneration and social security: -€3,204
- Accrued charges and deferred income -€195
no longer reported in 2024 (was €195)
- Financial income -€9,116
no longer reported in 2024 (was €9,116)
- Gross operating margin -€8,540
down €8,540, from €4,742 to -€3,797
- Staff costs -€1,582
down €1,582 (-5.2%), from €30,457 to €28,875
- Depreciation -€357
down €357 (-22.1%), from €1,620 to €1,263
- Other operating charges +€304
up €304 (+83.0%), from €366 to €670
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 | €15,003 | €6,796 | -€8,207 | -54.7% |
| Fixed assets | 21/28 | €1,436 | - | -€1,436 | |
| Tangible fixed assets | 22/27 | €1,436 | - | -€1,436 | |
| Land and buildings | 22 | €1,263 | - | -€1,263 | |
| Plant, machinery and equipment | 23 | €173 | - | -€173 | |
| Current assets | 29/58 | €13,568 | €6,796 | -€6,772 | -49.9% |
| Stocks and contracts in progress | 3 | €10,450 | - | -€10,450 | |
| Stocks | 30/36 | €10,450 | - | -€10,450 | |
| Amounts receivable within one year | 40/41 | €2,759 | €4,120 | +€1,361 | +49.3% |
| Trade receivables | 40 | €2,751 | €4,120 | +€1,369 | +49.8% |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €358 | €2,675 | +€2,317 | +646.6% |
| Total equity and liabilities | 10/49 | €15,003 | €6,796 | -€8,207 | -54.7% |
| Equity | 10/15 | -€328,998 | -€364,096 | -€35,097 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,058 | -€372,156 | -€35,097 | -10.4% |
| Amounts payable | 17/49 | €344,001 | €370,891 | +€26,890 | +7.8% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €253,807 | €280,891 | +€27,085 | +10.7% |
| Trade debts | 44 | €65,800 | - | -€65,800 | |
| Suppliers | 440/4 | €65,800 | - | -€65,800 | |
| Advances received on contracts in progress | 46 | €8,450 | €8,450 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,905 | €204 | -€5,702 | -96.6% |
| Taxes | 450/3 | €2,701 | €204 | -€2,497 | -92.5% |
| Remuneration and social security | 454/9 | €3,204 | - | -€3,204 | |
| Other amounts payable | 47/48 | €173,651 | €272,238 | +€98,587 | +56.8% |
| Accrued charges and deferred income | 492/3 | €195 | - | -€195 | |
| Remuneration, social security and pensions | 62 | €30,457 | €28,875 | -€1,582 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,620 | €1,263 | -€357 | -22.1% |
| Other operating charges | 640/8 | €366 | €670 | +€304 | +83.0% |
| Gross operating margin | 9900 | €4,742 | -€3,797 | -€8,540 | |
| Operating profit (loss) | 9901 | -€27,701 | -€34,605 | -€6,904 | -24.9% |
| Financial income | 75/76B | €9,116 | - | -€9,116 | |
| Recurring financial income | 75 | €9,116 | - | -€9,116 | |
| Financial charges | 65/66B | €624 | €394 | -€230 | -36.9% |
| Recurring financial charges | 65 | €624 | €394 | -€230 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,209 | -€34,999 | -€15,791 | -82.2% |
| Income taxes | 67/77 | €157 | €98 | -€59 | -37.4% |
| Profit (loss) for the period | 9904 | -€19,365 | -€35,097 | -€15,732 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,365 | -€35,097 | -€15,732 | -81.2% |
Source: filed annual accounts (NBB), fiscal years ended 1 July 2023 and 1 July 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.