ZOLAN: 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.
ZOLAN
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+255.2%), from €499,611 to €1.8m
- Cash -€645,365
down €645,365 (-67.1%), from €962,235 to €316,870
mainly Receivables within one year (-€1.3m) and Current investments (-€362,669)
- Current investments +€362,669
up €362,669 (+16.8%), from €2.2m to €2.5m
- Receivables after one year +€280,000
up €280,000 (+28.0%), from €1.0m to €1.3m
- Debts after one year +€1.3m
up €1.3m (+33635.0%), from €3,912 to €1.3m
of which Financial debts: +€1.3m
- Reserves -€178,366
down €178,366 (-4.5%), from €3.9m to €3.8m
of which Distributable reserves: -€101,932
- Financial charges +€304,454
up €304,454 (+273.8%), from €111,185 to €415,639
- Gross operating margin +€121,338
up €121,338 (+193.5%), from €62,696 to €184,034
- Depreciation +€27,819
up €27,819 (+24.1%), from €115,269 to €143,088
- Financial income +€24,585
up €24,585 (+9.3%), from €265,020 to €289,605
- Taxes +€19,623
up €19,623 (+34.9%), from €56,257 to €75,880
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 | €6,868,135 | €8,124,079 | +€1.3m | +18.3% |
| Fixed assets | 21/28 | €2,252,616 | €2,234,927 | -€17,689 | -0.8% |
| Tangible fixed assets | 22/27 | €2,252,616 | €2,234,927 | -€17,689 | -0.8% |
| Land and buildings | 22 | €2,234,666 | €2,171,004 | -€63,662 | -2.8% |
| Furniture and vehicles | 24 | €17,950 | €63,923 | +€45,973 | +256.1% |
| Current assets | 29/58 | €4,615,519 | €5,889,152 | +€1.3m | +27.6% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,280,000 | +€280,000 | +28.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,280,000 | +€280,000 | +28.0% |
| Amounts receivable within one year | 40/41 | €499,611 | €1,774,795 | +€1.3m | +255.2% |
| Other amounts receivable | 41 | €499,611 | €1,774,795 | +€1.3m | +255.2% |
| Current investments | 50/53 | €2,152,914 | €2,515,583 | +€362,669 | +16.8% |
| Cash at bank and in hand | 54/58 | €962,235 | €316,870 | -€645,365 | -67.1% |
| Deferred charges and accrued income | 490/1 | €759 | €1,904 | +€1,145 | +150.9% |
| Total equity and liabilities | 10/49 | €6,868,135 | €8,124,079 | +€1.3m | +18.3% |
| Equity | 10/15 | €6,383,969 | €6,205,603 | -€178,366 | -2.8% |
| Contributions | 10/11 | €2,447,593 | €2,447,593 | = | 0.0% |
| Capital | 10 | €2,447,593 | €2,447,593 | = | 0.0% |
| Issued capital | 100 | €2,447,593 | €2,447,593 | = | 0.0% |
| Reserves | 13 | €3,936,376 | €3,758,010 | -€178,366 | -4.5% |
| Non-distributable reserves | 130/1 | €250,573 | €250,573 | = | 0.0% |
| Legal reserve | 130 | €250,573 | €250,573 | = | 0.0% |
| Tax-exempt reserves | 132 | €710,897 | €634,463 | -€76,434 | -10.8% |
| Distributable reserves | 133 | €2,974,906 | €2,872,974 | -€101,932 | -3.4% |
| Provisions and deferred taxes | 16 | €115,371 | €107,819 | -€7,552 | -6.5% |
| Deferred taxes | 168 | €115,371 | €107,819 | -€7,552 | -6.5% |
| Amounts payable | 17/49 | €368,795 | €1,810,657 | +€1.4m | +391.0% |
| Amounts payable after more than one year | 17 | €3,912 | €1,319,701 | +€1.3m | +33635.0% |
| Financial debts | 170/4 | - | €1,315,789 | +€1.3m | |
| Other amounts payable | 178/9 | €3,912 | €3,912 | = | 0.0% |
| Amounts payable within one year | 42/48 | €364,499 | €490,956 | +€126,457 | +34.7% |
| Trade debts | 44 | €4,771 | €74,075 | +€69,303 | +1452.5% |
| Suppliers | 440/4 | €4,771 | €74,075 | +€69,303 | +1452.5% |
| Taxes, remuneration and social security | 45 | €19,047 | €78,511 | +€59,464 | +312.2% |
| Taxes | 450/3 | €19,047 | €78,511 | +€59,464 | +312.2% |
| Other amounts payable | 47/48 | €340,680 | €338,370 | -€2,310 | -0.7% |
| Accrued charges and deferred income | 492/3 | €384 | €0 | -€384 | -100.0% |
| Non-recurring operating income | 76A | - | €120,704 | +€120,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,269 | €143,088 | +€27,819 | +24.1% |
| Other operating charges | 640/8 | €12,729 | €24,949 | +€12,220 | +96.0% |
| Gross operating margin | 9900 | €62,696 | €184,034 | +€121,338 | +193.5% |
| Operating profit (loss) | 9901 | -€65,302 | €15,996 | +€81,299 | |
| Financial income | 75/76B | €265,020 | €289,605 | +€24,585 | +9.3% |
| Recurring financial income | 75 | €265,020 | €289,605 | +€24,585 | +9.3% |
| Financial charges | 65/66B | €111,185 | €415,639 | +€304,454 | +273.8% |
| Recurring financial charges | 65 | €111,185 | €415,639 | +€304,454 | +273.8% |
| Profit (loss) for the period before taxes | 9903 | €88,533 | -€110,038 | -€198,571 | |
| Transfer from deferred taxes | 780 | €7,552 | €7,552 | = | 0.0% |
| Income taxes | 67/77 | €56,257 | €75,880 | +€19,623 | +34.9% |
| Profit (loss) for the period | 9904 | €39,829 | -€178,366 | -€218,194 | |
| Transfer from tax-exempt reserves | 789 | €76,434 | €76,434 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,263 | -€101,932 | -€218,194 |
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 10 October 2026 via checked.be.