ZÖL GROUP: 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.
ZÖL GROUP
Largest movements
- Receivables within one year +€106,882
up €106,882 (+579.1%), from €18,457 to €125,339
of which Trade receivables: +€105,723
- Financial fixed assets +€11,860
up €11,860 (+486.8%), from €2,436 to €14,296
- Cash +€5,612
up €5,612 (+148.9%), from €3,769 to €9,381
mainly Trade debts (+€84,764) and Net result for the year (+€17,990)
- Trade debts +€84,764
up €84,764 (+710.2%), from €11,935 to €96,699
- Profit (loss) carried forward +€17,990
up €17,990, from -€175 to €17,814
- Tax, wage and social debts +€15,416
up €15,416 (+308.7%), from €4,994 to €20,410
of which Taxes: +€10,597
- Accrued charges and deferred income +€9,184
new in 2024: €9,184
- Debts after one year -€2,205
down €2,205 (-26.5%), from €8,308 to €6,103
- Gross operating margin +€92,476
up €92,476 (+1573.1%), from €5,878 to €98,354
- Staff costs +€71,837
new in 2024: €71,837
- Taxes +€5,964
up €5,964 (+361.6%), from €1,649 to €7,613
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 | €25,562 | €150,710 | +€125,149 | +489.6% |
| Fixed assets | 21/28 | €3,336 | €15,131 | +€11,795 | +353.6% |
| Tangible fixed assets | 22/27 | €900 | €835 | -€65 | -7.2% |
| Furniture and vehicles | 24 | €900 | €835 | -€65 | -7.2% |
| Financial fixed assets | 28 | €2,436 | €14,296 | +€11,860 | +486.8% |
| Current assets | 29/58 | €22,226 | €135,580 | +€113,354 | +510.0% |
| Amounts receivable within one year | 40/41 | €18,457 | €125,339 | +€106,882 | +579.1% |
| Trade receivables | 40 | €14,602 | €120,325 | +€105,723 | +724.0% |
| Other amounts receivable | 41 | €3,855 | €5,014 | +€1,159 | +30.1% |
| Cash at bank and in hand | 54/58 | €3,769 | €9,381 | +€5,612 | +148.9% |
| Deferred charges and accrued income | 490/1 | - | €860 | +€860 | |
| Total equity and liabilities | 10/49 | €25,562 | €150,710 | +€125,149 | +489.6% |
| Equity | 10/15 | €325 | €18,314 | +€17,990 | +5541.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175 | €17,814 | +€17,990 | |
| Amounts payable | 17/49 | €25,237 | €132,396 | +€107,159 | +424.6% |
| Amounts payable after more than one year | 17 | €8,308 | €6,103 | -€2,205 | -26.5% |
| Financial debts | 170/4 | €8,308 | €6,103 | -€2,205 | -26.5% |
| Amounts payable within one year | 42/48 | €16,929 | €117,110 | +€100,180 | +591.8% |
| Trade debts | 44 | €11,935 | €96,699 | +€84,764 | +710.2% |
| Suppliers | 440/4 | €11,935 | €96,699 | +€84,764 | +710.2% |
| Taxes, remuneration and social security | 45 | €4,994 | €20,410 | +€15,416 | +308.7% |
| Taxes | 450/3 | €3,468 | €14,064 | +€10,597 | +305.6% |
| Remuneration and social security | 454/9 | €1,526 | €6,346 | +€4,820 | +315.8% |
| Accrued charges and deferred income | 492/3 | - | €9,184 | +€9,184 | |
| Remuneration, social security and pensions | 62 | - | €71,837 | +€71,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €65 | -€42 | -39.4% |
| Other operating charges | 640/8 | €234 | €151 | -€83 | -35.4% |
| Gross operating margin | 9900 | €5,878 | €98,354 | +€92,476 | +1573.1% |
| Operating profit (loss) | 9901 | €5,538 | €26,302 | +€20,763 | +374.9% |
| Financial income | 75/76B | €630 | €0 | -€630 | -100.0% |
| Recurring financial income | 75 | €630 | €0 | -€630 | -100.0% |
| Financial charges | 65/66B | €200 | €699 | +€498 | +249.0% |
| Recurring financial charges | 65 | €200 | €699 | +€498 | +249.0% |
| Profit (loss) for the period before taxes | 9903 | €5,968 | €25,603 | +€19,635 | +329.0% |
| Income taxes | 67/77 | €1,649 | €7,613 | +€5,964 | +361.6% |
| Profit (loss) for the period | 9904 | €4,318 | €17,990 | +€13,671 | +316.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,318 | €17,990 | +€13,671 | +316.6% |
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.