ZIGON: 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.
ZIGON
Largest movements
- Receivables within one year +€62,688
up €62,688 (+47.6%), from €131,603 to €194,290
of which Other amounts receivable: +€59,523
- Tangible fixed assets +€18,818
up €18,818 (+22.7%), from €82,832 to €101,651
of which Other tangible fixed assets: +€11,738
- Stocks and contracts -€10,545
down €10,545 (-29.3%), from €35,940 to €25,395
- Intangible fixed assets -€6,100
down €6,100 (-20.0%), from €30,500 to €24,400
- Cash +€4,424
up €4,424 (+14.6%), from €30,201 to €34,625
mainly Net result for the year (+€122,712) and Depreciation (+€28,665)
- Reserves +€122,000
up €122,000 (+131.2%), from €93,000 to €215,000
- Other debts -€53,000
no longer reported in 2025 (was €53,000)
- Debts after one year -€14,982
down €14,982 (-49.7%), from €30,127 to €15,145
- Trade debts +€12,518
up €12,518 (+33.7%), from €37,117 to €49,635
- Tax, wage and social debts +€10,579
up €10,579 (+18.4%), from €57,568 to €68,148
of which Taxes: +€8,149
- Gross operating margin +€105,503
up €105,503 (+45.1%), from €233,822 to €339,325
- Staff costs +€35,600
up €35,600 (+37.4%), from €95,269 to €130,868
- Taxes +€17,449
up €17,449 (+58.1%), from €30,034 to €47,483
- Other operating charges -€5,552
down €5,552 (-74.0%), from €7,498 to €1,946
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 | €323,963 | €393,825 | +€69,862 | +21.6% |
| Fixed assets | 21/28 | €120,982 | €133,701 | +€12,718 | +10.5% |
| Intangible fixed assets | 21 | €30,500 | €24,400 | -€6,100 | -20.0% |
| Tangible fixed assets | 22/27 | €82,832 | €101,651 | +€18,818 | +22.7% |
| Plant, machinery and equipment | 23 | €37,821 | €48,781 | +€10,960 | +29.0% |
| Furniture and vehicles | 24 | €38,251 | €34,371 | -€3,880 | -10.1% |
| Other tangible fixed assets | 26 | €6,760 | €18,498 | +€11,738 | +173.6% |
| Financial fixed assets | 28 | €7,650 | €7,650 | = | 0.0% |
| Current assets | 29/58 | €202,980 | €260,124 | +€57,144 | +28.2% |
| Stocks and contracts in progress | 3 | €35,940 | €25,395 | -€10,545 | -29.3% |
| Stocks | 30/36 | €35,940 | €25,395 | -€10,545 | -29.3% |
| Amounts receivable within one year | 40/41 | €131,603 | €194,290 | +€62,688 | +47.6% |
| Trade receivables | 40 | €3,065 | €6,230 | +€3,165 | +103.3% |
| Other amounts receivable | 41 | €128,538 | €188,060 | +€59,523 | +46.3% |
| Cash at bank and in hand | 54/58 | €30,201 | €34,625 | +€4,424 | +14.6% |
| Deferred charges and accrued income | 490/1 | €5,237 | €5,814 | +€577 | +11.0% |
| Total equity and liabilities | 10/49 | €323,963 | €393,825 | +€69,862 | +21.6% |
| Equity | 10/15 | €123,203 | €245,915 | +€122,712 | +99.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €93,000 | €215,000 | +€122,000 | +131.2% |
| Distributable reserves | 133 | €93,000 | €215,000 | +€122,000 | +131.2% |
| Profit (loss) carried forward | 14 | €203 | €915 | +€712 | +349.8% |
| Amounts payable | 17/49 | €200,759 | €147,910 | -€52,850 | -26.3% |
| Amounts payable after more than one year | 17 | €30,127 | €15,145 | -€14,982 | -49.7% |
| Financial debts | 170/4 | €30,127 | €15,145 | -€14,982 | -49.7% |
| Amounts payable within one year | 42/48 | €170,323 | €132,764 | -€37,559 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €22,638 | €14,982 | -€7,657 | -33.8% |
| Trade debts | 44 | €37,117 | €49,635 | +€12,518 | +33.7% |
| Suppliers | 440/4 | €37,117 | €49,635 | +€12,518 | +33.7% |
| Taxes, remuneration and social security | 45 | €57,568 | €68,148 | +€10,579 | +18.4% |
| Taxes | 450/3 | €44,443 | €52,593 | +€8,149 | +18.3% |
| Remuneration and social security | 454/9 | €13,125 | €15,555 | +€2,430 | +18.5% |
| Other amounts payable | 47/48 | €53,000 | - | -€53,000 | |
| Accrued charges and deferred income | 492/3 | €309 | - | -€309 | |
| Remuneration, social security and pensions | 62 | €95,269 | €130,868 | +€35,600 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,043 | €28,665 | +€2,622 | +10.1% |
| Other operating charges | 640/8 | €7,498 | €1,946 | -€5,552 | -74.0% |
| Gross operating margin | 9900 | €233,822 | €339,325 | +€105,503 | +45.1% |
| Operating profit (loss) | 9901 | €105,013 | €177,846 | +€72,833 | +69.4% |
| Financial income | 75/76B | €595 | €1 | -€594 | -99.9% |
| Recurring financial income | 75 | €595 | €1 | -€594 | -99.9% |
| Financial charges | 65/66B | €7,211 | €7,652 | +€441 | +6.1% |
| Recurring financial charges | 65 | €7,211 | €7,652 | +€441 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €98,397 | €170,195 | +€71,798 | +73.0% |
| Income taxes | 67/77 | €30,034 | €47,483 | +€17,449 | +58.1% |
| Profit (loss) for the period | 9904 | €68,363 | €122,712 | +€54,348 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,363 | €122,712 | +€54,348 | +79.5% |
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 9 October 2026 via checked.be.