ZIYAT: 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.
ZIYAT
Largest movements
- Stocks and contracts -€39,336
down €39,336 (-24.7%), from €159,529 to €120,193
- Tangible fixed assets +€8,716
up €8,716 (+207%), from €4,218 to €12,934
- Cash +€3,471
new in 2024: €3,471
mainly Stocks and contracts (+€39,336) and Other debts (+€2,000)
- Financial fixed assets +€2,020
up €2,020 (+44.9%), from €4,500 to €6,520
- Tax, wage and social debts -€16,033
down €16,033 (-40.5%), from €39,599 to €23,566
of which Remuneration and social security: -€9,807
- Profit (loss) carried forward -€10,787
down €10,787 (-43.8%), from €24,630 to €13,843
- Other debts +€2,000
up €2,000 (+2.3%), from €85,110 to €87,110
- Purchases and services +€30,245
up €30,245 (+29.8%), from €101,533 to €131,778
- Gross operating margin -€30,074
down €30,074 (-37.8%), from €79,564 to €49,490
- Staff costs -€26,585
down €26,585 (-32.1%), from €82,734 to €56,149
- Turnover +€5,831
up €5,831 (+3.4%), from €172,437 to €178,268
- Taxes +€3,377
new in 2024: €3,377
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.
Derived cash bridge
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 | €168,247 | €143,119 | -€25,128 | -14.9% |
| Fixed assets | 21/28 | €8,718 | €19,454 | +€10,736 | +123% |
| Tangible fixed assets | 22/27 | €4,218 | €12,934 | +€8,716 | +207% |
| Plant, machinery and equipment | 23 | €4,218 | €12,934 | +€8,716 | +207% |
| Financial fixed assets | 28 | €4,500 | €6,520 | +€2,020 | +44.9% |
| Current assets | 29/58 | €159,529 | €123,665 | -€35,864 | -22.5% |
| Stocks and contracts in progress | 3 | €159,529 | €120,193 | -€39,336 | -24.7% |
| Stocks | 30/36 | €159,529 | €120,193 | -€39,336 | -24.7% |
| Cash at bank and in hand | 54/58 | - | €3,471 | +€3,471 | |
| Total equity and liabilities | 10/49 | €168,247 | €143,119 | -€25,128 | -14.9% |
| Equity | 10/15 | €43,230 | €32,443 | -€10,787 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,630 | €13,843 | -€10,787 | -43.8% |
| Amounts payable | 17/49 | €125,017 | €110,676 | -€14,341 | -11.5% |
| Amounts payable within one year | 42/48 | €125,017 | €110,676 | -€14,341 | -11.5% |
| Financial debts | 43 | €308 | - | -€308 | |
| Credit institutions | 430/8 | €308 | - | -€308 | |
| Taxes, remuneration and social security | 45 | €39,599 | €23,566 | -€16,033 | -40.5% |
| Taxes | 450/3 | €13,650 | €7,424 | -€6,226 | -45.6% |
| Remuneration and social security | 454/9 | €25,948 | €16,142 | -€9,807 | -37.8% |
| Other amounts payable | 47/48 | €85,110 | €87,110 | +€2,000 | +2.3% |
| Turnover | 70 | €172,437 | €178,268 | +€5,831 | +3.4% |
| Non-recurring operating income | 76A | €8,660 | €3,000 | -€5,660 | -65.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €101,533 | €131,778 | +€30,245 | +29.8% |
| Remuneration, social security and pensions | 62 | €82,734 | €56,149 | -€26,585 | -32.1% |
| Other operating charges | 640/8 | €1,590 | €607 | -€983 | -61.8% |
| Gross operating margin | 9900 | €79,564 | €49,490 | -€30,074 | -37.8% |
| Operating profit (loss) | 9901 | -€4,760 | -€7,266 | -€2,506 | -52.6% |
| Financial charges | 65/66B | €341 | €144 | -€197 | -57.7% |
| Recurring financial charges | 65 | €341 | €144 | -€197 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,101 | -€7,410 | -€2,309 | -45.3% |
| Income taxes | 67/77 | - | €3,377 | +€3,377 | |
| Profit (loss) for the period | 9904 | -€5,101 | -€10,787 | -€5,686 | -111% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,101 | -€10,787 | -€5,686 | -111% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.