ZORG Magazine: what changed
ZORG Magazine
Largest movements
- Receivables within one year +€14,799
up €14,799 (+14.9%), from €99,563 to €114,362
of which Trade receivables: +€17,814
- Cash -€13,880
down €13,880 (-97.4%), from €14,246 to €366
mainly Trade debts (-€46,189) and Accrued charges and deferred income (-€15,519)
- Deferred charges and accrued income -€10,381
down €10,381 (-78.8%), from €13,181 to €2,800
- Intangible fixed assets -€7,370
down €7,370 (-80.1%), from €9,206 to €1,836
- Trade debts -€46,189
down €46,189 (-15.1%), from €306,519 to €260,330
- Other debts +€26,679
up €26,679, from €0 to €26,679
- Accrued charges and deferred income -€15,519
down €15,519 (-17.6%), from €88,059 to €72,540
- Tax, wage and social debts +€14,417
up €14,417 (+48.0%), from €30,066 to €44,483
of which Taxes: +€7,892
- Profit (loss) carried forward +€5,998
up €5,998 (+0.4%), from -€1.4m to -€1.4m
- Gross operating margin +€185,953
up €185,953 (+269%), from €69,012 to €254,965
- Purchases and services -€105,910
down €105,910 (-16.5%), from €643,700 to €537,790
- Turnover +€60,350
up €60,350 (+8.5%), from €711,776 to €772,127
- Staff costs +€59,038
up €59,038 (+31.6%), from €187,114 to €246,151
- Financial income -€11,555
down €11,555 (-56.2%), from €20,563 to €9,007
of which Non-recurring financial income: -€13,773
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,358 | €119,943 | -€17,415 | -12.7% |
| Fixed assets | 21/28 | €10,369 | €2,414 | -€7,954 | -76.7% |
| Intangible fixed assets | 21 | €9,206 | €1,836 | -€7,370 | -80.1% |
| Tangible fixed assets | 22/27 | €1,163 | €579 | -€584 | -50.2% |
| Plant, machinery and equipment | 23 | €1,163 | €579 | -€584 | -50.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €126,990 | €117,528 | -€9,461 | -7.5% |
| Amounts receivable within one year | 40/41 | €99,563 | €114,362 | +€14,799 | +14.9% |
| Trade receivables | 40 | €96,431 | €114,246 | +€17,814 | +18.5% |
| Other amounts receivable | 41 | €3,132 | €117 | -€3,015 | -96.3% |
| Cash at bank and in hand | 54/58 | €14,246 | €366 | -€13,880 | -97.4% |
| Deferred charges and accrued income | 490/1 | €13,181 | €2,800 | -€10,381 | -78.8% |
| Total equity and liabilities | 10/49 | €137,358 | €119,943 | -€17,415 | -12.7% |
| Equity | 10/15 | -€299,280 | -€293,282 | +€5,998 | +2.0% |
| Contributions | 10/11 | €1,107,400 | €1,107,400 | = | 0.0% |
| Reserves | 13 | €3,309 | €3,309 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,449 | €1,449 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,409,989 | -€1,403,991 | +€5,998 | +0.4% |
| Amounts payable | 17/49 | €436,638 | €413,225 | -€23,413 | -5.4% |
| Amounts payable within one year | 42/48 | €348,579 | €340,685 | -€7,894 | -2.3% |
| Financial debts | 43 | €11,993 | €9,193 | -€2,801 | -23.4% |
| Credit institutions | 430/8 | €11,993 | €9,193 | -€2,801 | -23.4% |
| Trade debts | 44 | €306,519 | €260,330 | -€46,189 | -15.1% |
| Suppliers | 440/4 | €306,519 | €260,330 | -€46,189 | -15.1% |
| Taxes, remuneration and social security | 45 | €30,066 | €44,483 | +€14,417 | +48.0% |
| Taxes | 450/3 | €8,667 | €16,559 | +€7,892 | +91.1% |
| Remuneration and social security | 454/9 | €21,399 | €27,924 | +€6,525 | +30.5% |
| Other amounts payable | 47/48 | €0 | €26,679 | +€26,679 | |
| Accrued charges and deferred income | 492/3 | €88,059 | €72,540 | -€15,519 | -17.6% |
| Turnover | 70 | €711,776 | €772,127 | +€60,350 | +8.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €643,700 | €537,790 | -€105,910 | -16.5% |
| Remuneration, social security and pensions | 62 | €187,114 | €246,151 | +€59,038 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,923 | €7,954 | -€7,969 | -50.0% |
| Other operating charges | 640/8 | €528 | €544 | +€15 | +2.9% |
| Gross operating margin | 9900 | €69,012 | €254,965 | +€185,953 | +269% |
| Operating profit (loss) | 9901 | -€134,554 | €315 | +€134,869 | |
| Financial income | 75/76B | €20,563 | €9,007 | -€11,555 | -56.2% |
| Recurring financial income | 75 | €6,790 | €9,007 | +€2,217 | +32.7% |
| Non-recurring financial income | 76B | €13,773 | €0 | -€13,773 | -100% |
| Financial charges | 65/66B | €4,136 | €2,894 | -€1,242 | -30.0% |
| Recurring financial charges | 65 | €4,136 | €2,894 | -€1,242 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€118,128 | €6,429 | +€124,556 | |
| Income taxes | 67/77 | €440 | €431 | -€9 | -2.0% |
| Profit (loss) for the period | 9904 | -€118,567 | €5,998 | +€124,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,567 | €5,998 | +€124,565 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.