ZOI PHILIPPOU: 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.
ZOI PHILIPPOU
Largest movements
- Receivables within one year -€9,993
down €9,993 (-89.4%), from €11,178 to €1,185
of which Trade receivables: -€7,993
- Tangible fixed assets -€7,966
down €7,966 (-28.3%), from €28,167 to €20,201
- Profit (loss) carried forward -€34,504
down €34,504 (-111%), from -€31,194 to -€65,698
- Tax, wage and social debts -€8,175
down €8,175 (-38.9%), from €21,034 to €12,859
of which Remuneration and social security: -€7,324
- Current portion of long-term debt +€7,924
up €7,924 (+121%), from €6,568 to €14,493
- Debts after one year +€5,546
up €5,546 (+75.2%), from €7,379 to €12,925
- Other debts +€4,920
up €4,920 (+100%), from €4,906 to €9,826
- Turnover -€368,252
no longer reported in 2024 (was €368,252)
- Purchases and services -€208,699
no longer reported in 2024 (was €208,699)
- Gross operating margin -€31,667
down €31,667 (-18.0%), from €176,012 to €144,345
- Staff costs -€26,404
down €26,404 (-15.6%), from €169,250 to €142,846
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 | €46,320 | €27,635 | -€18,685 | -40.3% |
| Fixed assets | 21/28 | €29,567 | €21,601 | -€7,966 | -26.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €28,167 | €20,201 | -€7,966 | -28.3% |
| Furniture and vehicles | 24 | €9,823 | €7,437 | -€2,386 | -24.3% |
| Leasing and similar rights | 25 | €9,338 | €7,741 | -€1,597 | -17.1% |
| Other tangible fixed assets | 26 | €6,439 | €5,023 | -€1,416 | -22.0% |
| Assets under construction and advance payments | 27 | €2,566 | - | -€2,566 | |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €16,753 | €6,034 | -€10,719 | -64.0% |
| Stocks and contracts in progress | 3 | €2,610 | €2,320 | -€290 | -11.1% |
| Stocks | 30/36 | €2,610 | €2,320 | -€290 | -11.1% |
| Amounts receivable within one year | 40/41 | €11,178 | €1,185 | -€9,993 | -89.4% |
| Trade receivables | 40 | €9,068 | €1,075 | -€7,993 | -88.1% |
| Other amounts receivable | 41 | €2,110 | €110 | -€2,000 | -94.8% |
| Cash at bank and in hand | 54/58 | - | €0 | = | |
| Deferred charges and accrued income | 490/1 | €2,965 | €2,529 | -€436 | -14.7% |
| Total equity and liabilities | 10/49 | €46,320 | €27,635 | -€18,685 | -40.3% |
| Equity | 10/15 | -€12,594 | -€47,098 | -€34,504 | -274% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€31,194 | -€65,698 | -€34,504 | -111% |
| Amounts payable | 17/49 | €58,914 | €74,733 | +€15,819 | +26.9% |
| Amounts payable after more than one year | 17 | €7,379 | €12,925 | +€5,546 | +75.2% |
| Financial debts | 170/4 | €7,379 | €12,925 | +€5,546 | +75.2% |
| Amounts payable within one year | 42/48 | €51,535 | €61,808 | +€10,273 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €6,568 | €14,493 | +€7,924 | +121% |
| Financial debts | 43 | €9,506 | €13,422 | +€3,916 | +41.2% |
| Credit institutions | 430/8 | €9,506 | €13,422 | +€3,916 | +41.2% |
| Trade debts | 44 | €9,521 | €11,209 | +€1,688 | +17.7% |
| Suppliers | 440/4 | €9,521 | €11,209 | +€1,688 | +17.7% |
| Taxes, remuneration and social security | 45 | €21,034 | €12,859 | -€8,175 | -38.9% |
| Taxes | 450/3 | €8,808 | €7,957 | -€852 | -9.7% |
| Remuneration and social security | 454/9 | €12,226 | €4,902 | -€7,324 | -59.9% |
| Other amounts payable | 47/48 | €4,906 | €9,826 | +€4,920 | +100% |
| Turnover | 70 | €368,252 | - | -€368,252 | |
| Goods, raw materials, services and sundry goods | 60/61 | €208,699 | - | -€208,699 | |
| Remuneration, social security and pensions | 62 | €169,250 | €142,846 | -€26,404 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,825 | €7,811 | -€14 | -0.2% |
| Other operating charges | 640/8 | €2,340 | €1,603 | -€737 | -31.5% |
| Non-recurring operating charges | 66A | - | €20,181 | +€20,181 | |
| Gross operating margin | 9900 | €176,012 | €144,345 | -€31,667 | -18.0% |
| Operating profit (loss) | 9901 | -€3,403 | -€28,096 | -€24,692 | -726% |
| Financial income | 75/76B | €29 | €1 | -€28 | -96.7% |
| Recurring financial income | 75 | €29 | €1 | -€28 | -96.7% |
| Financial charges | 65/66B | €4,206 | €6,409 | +€2,203 | +52.4% |
| Recurring financial charges | 65 | €4,206 | €6,409 | +€2,203 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,581 | -€34,504 | -€26,923 | -355% |
| Profit (loss) for the period | 9904 | -€7,581 | -€34,504 | -€26,923 | -355% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,581 | -€34,504 | -€26,923 | -355% |
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.