ZITES: 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.
ZITES
Largest movements
- Receivables within one year +€5.2m
up €5.2m (+174.8%), from €3.0m to €8.2m
of which Other amounts receivable: +€5.8m
- Current investments +€4.8m
up €4.8m (+36.8%), from €13.0m to €17.8m
- Cash -€1.5m
down €1.5m (-82.5%), from €1.8m to €309,751
mainly Receivables within one year (-€5.2m) and Current investments (-€4.8m)
- Stocks and contracts -€993,364
no longer reported in 2024 (was €993,364)
- Short-term financial debts +€7.5m
new in 2024: €7.5m
- Reserves +€331,496
up €331,496 (+1.5%), from €21.8m to €22.1m
of which Distributable reserves: +€331,496
- Gross operating margin -€20.3m
down €20.3m (-97.1%), from €20.9m to €613,927
- Financial income +€2.3m
up €2.3m (+4782.1%), from €47,896 to €2.3m
- Financial charges +€1.9m
up €1.9m (+4805.6%), from €38,573 to €1.9m
- Taxes +€366,793
up €366,793 (+256.1%), from €143,208 to €510,001
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 | €22,113,951 | €30,007,689 | +€7.9m | +35.7% |
| Fixed assets | 21/28 | €3,362,521 | €3,688,053 | +€325,532 | +9.7% |
| Tangible fixed assets | 22/27 | €117,269 | €213,115 | +€95,846 | +81.7% |
| Plant, machinery and equipment | 23 | €9,724 | €11,505 | +€1,781 | +18.3% |
| Furniture and vehicles | 24 | €58,124 | €134,386 | +€76,263 | +131.2% |
| Other tangible fixed assets | 26 | €49,421 | €67,223 | +€17,802 | +36.0% |
| Financial fixed assets | 28 | €3,245,252 | €3,474,938 | +€229,686 | +7.1% |
| Current assets | 29/58 | €18,751,430 | €26,319,636 | +€7.6m | +40.4% |
| Stocks and contracts in progress | 3 | €993,364 | - | -€993,364 | |
| Contracts in progress | 37 | €993,364 | - | -€993,364 | |
| Amounts receivable within one year | 40/41 | €2,999,165 | €8,242,535 | +€5.2m | +174.8% |
| Trade receivables | 40 | €1,230,283 | €664,774 | -€565,509 | -46.0% |
| Other amounts receivable | 41 | €1,768,882 | €7,577,761 | +€5.8m | +328.4% |
| Current investments | 50/53 | €12,978,685 | €17,761,299 | +€4.8m | +36.8% |
| Cash at bank and in hand | 54/58 | €1,774,842 | €309,751 | -€1.5m | -82.5% |
| Deferred charges and accrued income | 490/1 | €5,373 | €6,051 | +€678 | +12.6% |
| Total equity and liabilities | 10/49 | €22,113,951 | €30,007,689 | +€7.9m | +35.7% |
| Equity | 10/15 | €21,867,304 | €22,198,800 | +€331,496 | +1.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €21,792,304 | €22,123,800 | +€331,496 | +1.5% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €21,784,804 | €22,116,300 | +€331,496 | +1.5% |
| Amounts payable | 17/49 | €246,647 | €7,808,889 | +€7.6m | +3066.0% |
| Amounts payable within one year | 42/48 | €246,647 | €7,808,889 | +€7.6m | +3066.0% |
| Financial debts | 43 | - | €7,500,000 | +€7.5m | |
| Credit institutions | 430/8 | - | €7,500,000 | +€7.5m | |
| Trade debts | 44 | €72,842 | €265,710 | +€192,867 | +264.8% |
| Suppliers | 440/4 | €72,842 | €265,710 | +€192,867 | +264.8% |
| Taxes, remuneration and social security | 45 | €137,553 | €15,184 | -€122,369 | -89.0% |
| Taxes | 450/3 | €124,795 | €663 | -€124,132 | -99.5% |
| Remuneration and social security | 454/9 | €12,758 | €14,521 | +€1,763 | +13.8% |
| Other amounts payable | 47/48 | €36,251 | €27,995 | -€8,256 | -22.8% |
| Non-recurring operating income | 76A | €20,265,005 | - | -€20.3m | |
| Remuneration, social security and pensions | 62 | €76,104 | €87,627 | +€11,523 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,588 | €75,683 | +€11,095 | +17.2% |
| Other operating charges | 640/8 | €31,489 | €55,281 | +€23,793 | +75.6% |
| Non-recurring operating charges | 66A | €292,303 | - | -€292,303 | |
| Gross operating margin | 9900 | €20,925,916 | €613,927 | -€20.3m | -97.1% |
| Operating profit (loss) | 9901 | €20,461,432 | €395,336 | -€20.1m | -98.1% |
| Financial income | 75/76B | €47,896 | €2,338,364 | +€2.3m | +4782.1% |
| Recurring financial income | 75 | €47,896 | €2,338,364 | +€2.3m | +4782.1% |
| Financial charges | 65/66B | €38,573 | €1,892,203 | +€1.9m | +4805.6% |
| Recurring financial charges | 65 | €38,573 | €1,892,203 | +€1.9m | +4805.6% |
| Profit (loss) for the period before taxes | 9903 | €20,470,756 | €841,497 | -€19.6m | -95.9% |
| Income taxes | 67/77 | €143,208 | €510,001 | +€366,793 | +256.1% |
| Profit (loss) for the period | 9904 | €20,327,548 | €331,496 | -€20.0m | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,327,548 | €331,496 | -€20.0m | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.