ZNR Distribution: 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.
ZNR Distribution
Largest movements
- Receivables within one year +€953,834
up €953,834 (+51.8%), from €1.8m to €2.8m
of which Trade receivables: +€693,664
- Cash +€809,533
up €809,533 (+297%), from €272,485 to €1.1m
mainly Advances received (+€1.3m) and Trade debts (+€309,149)
- Stocks and contracts -€91,000
down €91,000 (-26.7%), from €341,000 to €250,000
- Advances received +€1.3m
new in 2024: €1.3m
- Trade debts +€309,149
up €309,149 (+25.0%), from €1.2m to €1.5m
- Tax, wage and social debts +€172,750
up €172,750 (+35.0%), from €494,245 to €666,996
of which Taxes: +€175,734
- Short-term financial debts -€87,355
down €87,355 (-32.1%), from €272,477 to €185,122
- Gross operating margin +€216,681
up €216,681 (+104%), from €208,144 to €424,825
- Other operating charges +€153,007
up €153,007 (+1,538%), from €9,948 to €162,955
- Financial charges +€33,266
up €33,266 (+133%), from €25,099 to €58,365
- Financial income -€11,101
down €11,101 (-15.5%), from €71,455 to €60,353
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 | €2,526,895 | €4,197,132 | +€1.7m | +66.1% |
| Fixed assets | 21/28 | €68,755 | €66,597 | -€2,158 | -3.1% |
| Tangible fixed assets | 22/27 | €67,175 | €65,017 | -€2,158 | -3.2% |
| Land and buildings | 22 | €65,217 | €62,873 | -€2,344 | -3.6% |
| Furniture and vehicles | 24 | €1,957 | €2,143 | +€186 | +9.5% |
| Financial fixed assets | 28 | €1,581 | €1,581 | = | 0.0% |
| Current assets | 29/58 | €2,458,140 | €4,130,534 | +€1.7m | +68.0% |
| Stocks and contracts in progress | 3 | €341,000 | €250,000 | -€91,000 | -26.7% |
| Stocks | 30/36 | €341,000 | €250,000 | -€91,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €1,841,827 | €2,795,661 | +€953,834 | +51.8% |
| Trade receivables | 40 | €467,363 | €1,161,028 | +€693,664 | +148% |
| Other amounts receivable | 41 | €1,374,464 | €1,634,633 | +€260,170 | +18.9% |
| Cash at bank and in hand | 54/58 | €272,485 | €1,082,018 | +€809,533 | +297% |
| Deferred charges and accrued income | 490/1 | €2,828 | €2,855 | +€27 | +1.0% |
| Total equity and liabilities | 10/49 | €2,526,895 | €4,197,132 | +€1.7m | +66.1% |
| Equity | 10/15 | €460,009 | €473,667 | +€13,658 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,887 | €71,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,027 | €70,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,522 | €383,180 | +€13,658 | +3.7% |
| Amounts payable | 17/49 | €2,066,886 | €3,723,464 | +€1.7m | +80.1% |
| Amounts payable within one year | 42/48 | €2,007,868 | €3,676,622 | +€1.7m | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €947 | €78 | -€869 | -91.8% |
| Financial debts | 43 | €272,477 | €185,122 | -€87,355 | -32.1% |
| Credit institutions | 430/8 | €272,477 | €185,122 | -€87,355 | -32.1% |
| Trade debts | 44 | €1,237,472 | €1,546,621 | +€309,149 | +25.0% |
| Suppliers | 440/4 | €1,237,472 | €1,546,621 | +€309,149 | +25.0% |
| Advances received on contracts in progress | 46 | - | €1,275,079 | +€1.3m | |
| Taxes, remuneration and social security | 45 | €494,245 | €666,996 | +€172,750 | +35.0% |
| Taxes | 450/3 | €466,624 | €642,358 | +€175,734 | +37.7% |
| Remuneration and social security | 454/9 | €27,621 | €24,637 | -€2,984 | -10.8% |
| Other amounts payable | 47/48 | €2,726 | €2,726 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €59,017 | €46,842 | -€12,175 | -20.6% |
| Remuneration, social security and pensions | 62 | €233,311 | €235,663 | +€2,353 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,810 | €3,517 | +€706 | +25.1% |
| Other operating charges | 640/8 | €9,948 | €162,955 | +€153,007 | +1,538% |
| Non-recurring operating charges | 66A | - | €410 | +€410 | |
| Gross operating margin | 9900 | €208,144 | €424,825 | +€216,681 | +104% |
| Operating profit (loss) | 9901 | -€37,925 | €22,281 | +€60,206 | |
| Financial income | 75/76B | €71,455 | €60,353 | -€11,101 | -15.5% |
| Recurring financial income | 75 | €71,455 | €60,353 | -€11,101 | -15.5% |
| Financial charges | 65/66B | €25,099 | €58,365 | +€33,266 | +133% |
| Recurring financial charges | 65 | €25,099 | €58,365 | +€33,266 | +133% |
| Profit (loss) for the period before taxes | 9903 | €8,431 | €24,270 | +€15,839 | +188% |
| Income taxes | 67/77 | €7,175 | €10,612 | +€3,437 | +47.9% |
| Profit (loss) for the period | 9904 | €1,256 | €13,658 | +€12,401 | +987% |
| Profit (loss) for the period to be appropriated | 9905 | €1,256 | €13,658 | +€12,401 | +987% |
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 16 October 2026 via checked.be.