ZIGURAT: 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.
ZIGURAT
Largest movements
- Stocks and contracts +€846,788
up €846,788 (+36.5%), from €2.3m to €3.2m
- Cash +€375,584
up €375,584 (+94.3%), from €398,193 to €773,777
mainly Advances received (+€1.7m) and Trade debts (+€11,686)
- Receivables within one year +€63,775
up €63,775 (+661.6%), from €9,640 to €73,415
of which Other amounts receivable: +€65,362
- Advances received +€1.7m
up €1.7m (+995.9%), from €167,613 to €1.8m
- Other debts -€354,787
down €354,787 (-14.9%), from €2.4m to €2.0m
- Gross operating margin -€156,617
down €156,617 (-92.2%), from €169,826 to €13,208
- Taxes -€11,592
down €11,592 (-100.0%), from €11,592 to €0
- Financial income -€5,420
down €5,420 (-31.9%), from €16,992 to €11,573
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 | €2,733,129 | €4,019,276 | +€1.3m | +47.1% |
| Fixed assets | 21/28 | €5,300 | €5,300 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,778 | €4,778 | = | 0.0% |
| Land and buildings | 22 | €4,778 | €4,778 | = | 0.0% |
| Financial fixed assets | 28 | €522 | €522 | = | 0.0% |
| Current assets | 29/58 | €2,727,829 | €4,013,976 | +€1.3m | +47.1% |
| Stocks and contracts in progress | 3 | €2,319,996 | €3,166,784 | +€846,788 | +36.5% |
| Contracts in progress | 37 | €2,319,996 | €3,166,784 | +€846,788 | +36.5% |
| Amounts receivable within one year | 40/41 | €9,640 | €73,415 | +€63,775 | +661.6% |
| Trade receivables | 40 | €7,416 | €5,829 | -€1,587 | -21.4% |
| Other amounts receivable | 41 | €2,224 | €67,586 | +€65,362 | +2938.8% |
| Cash at bank and in hand | 54/58 | €398,193 | €773,777 | +€375,584 | +94.3% |
| Total equity and liabilities | 10/49 | €2,733,129 | €4,019,276 | +€1.3m | +47.1% |
| Equity | 10/15 | €152,990 | €139,872 | -€13,118 | -8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,790 | €71,672 | -€13,118 | -15.5% |
| Amounts payable | 17/49 | €2,580,139 | €3,879,404 | +€1.3m | +50.4% |
| Amounts payable within one year | 42/48 | €2,580,139 | €3,879,404 | +€1.3m | +50.4% |
| Trade debts | 44 | €4,262 | €15,947 | +€11,686 | +274.2% |
| Suppliers | 440/4 | €4,262 | €15,947 | +€11,686 | +274.2% |
| Advances received on contracts in progress | 46 | €167,613 | €1,836,797 | +€1.7m | +995.9% |
| Taxes, remuneration and social security | 45 | €26,820 | €3 | -€26,817 | -100.0% |
| Taxes | 450/3 | €26,820 | €3 | -€26,817 | -100.0% |
| Other amounts payable | 47/48 | €2,381,444 | €2,026,657 | -€354,787 | -14.9% |
| Other operating charges | 640/8 | €1,700 | €1,318 | -€382 | -22.5% |
| Gross operating margin | 9900 | €169,826 | €13,208 | -€156,617 | -92.2% |
| Operating profit (loss) | 9901 | €168,126 | €11,891 | -€156,235 | -92.9% |
| Financial income | 75/76B | €16,992 | €11,573 | -€5,420 | -31.9% |
| Recurring financial income | 75 | €16,992 | €11,573 | -€5,420 | -31.9% |
| Financial charges | 65/66B | €35,307 | €36,581 | +€1,274 | +3.6% |
| Recurring financial charges | 65 | €35,307 | €36,581 | +€1,274 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €149,811 | -€13,118 | -€162,929 | |
| Income taxes | 67/77 | €11,592 | €0 | -€11,592 | -100.0% |
| Profit (loss) for the period | 9904 | €138,219 | -€13,118 | -€151,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,219 | -€13,118 | -€151,337 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.