ZIGURATI: 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.
ZIGURATI
Largest movements
- Receivables within one year -€889
down €889 (-75.6%), from €1,176 to €287
of which Other amounts receivable: -€855
- Cash +€853
new in 2025: €853
mainly Receivables within one year (+€889) and Investment in fixed assets (net) (+€787)
- Tangible fixed assets -€787
no longer reported in 2025 (was €787)
of which Furniture and vehicles: -€709
- Trade debts -€1,011
no longer reported in 2025 (was €1,011)
- Tax, wage and social debts +€521
new in 2025: €521
- Profit (loss) carried forward -€299
down €299 (-5.7%), from -€5,281 to -€5,581
- Short-term financial debts -€33
no longer reported in 2025 (was €33)
- Gross operating margin +€6,711
up €6,711, from -€5,882 to €829
- Depreciation -€1,183
no longer reported in 2025 (was €1,183)
- Financial charges +€323
up €323 (+1701.6%), from €19 to €342
- Financial income -€233
no longer reported in 2025 (was €233)
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 | €1,963 | €1,140 | -€823 | -41.9% |
| Fixed assets | 21/28 | €787 | - | -€787 | |
| Tangible fixed assets | 22/27 | €787 | - | -€787 | |
| Plant, machinery and equipment | 23 | €77 | - | -€77 | |
| Furniture and vehicles | 24 | €709 | - | -€709 | |
| Current assets | 29/58 | €1,176 | €1,140 | -€36 | -3.1% |
| Amounts receivable within one year | 40/41 | €1,176 | €287 | -€889 | -75.6% |
| Trade receivables | 40 | €34 | - | -€34 | |
| Other amounts receivable | 41 | €1,142 | €287 | -€855 | -74.9% |
| Cash at bank and in hand | 54/58 | - | €853 | +€853 | |
| Total equity and liabilities | 10/49 | €1,963 | €1,140 | -€823 | -41.9% |
| Equity | 10/15 | €919 | €619 | -€299 | -32.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,281 | -€5,581 | -€299 | -5.7% |
| Amounts payable | 17/49 | €1,044 | €521 | -€524 | -50.1% |
| Amounts payable within one year | 42/48 | €1,044 | €521 | -€524 | -50.1% |
| Financial debts | 43 | €33 | - | -€33 | |
| Credit institutions | 430/8 | €33 | - | -€33 | |
| Trade debts | 44 | €1,011 | - | -€1,011 | |
| Suppliers | 440/4 | €1,011 | - | -€1,011 | |
| Taxes, remuneration and social security | 45 | - | €521 | +€521 | |
| Taxes | 450/3 | - | €521 | +€521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | - | -€1,183 | |
| Non-recurring operating charges | 66A | - | €787 | +€787 | |
| Gross operating margin | 9900 | -€5,882 | €829 | +€6,711 | |
| Operating profit (loss) | 9901 | -€7,065 | €42 | +€7,107 | |
| Financial income | 75/76B | €233 | - | -€233 | |
| Recurring financial income | 75 | €233 | - | -€233 | |
| Financial charges | 65/66B | €19 | €342 | +€323 | +1701.6% |
| Recurring financial charges | 65 | €19 | €342 | +€323 | +1701.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,850 | -€299 | +€6,551 | +95.6% |
| Profit (loss) for the period | 9904 | -€6,850 | -€299 | +€6,551 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,850 | -€299 | +€6,551 | +95.6% |
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 30 September 2026 via checked.be.