ZOWIE: 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.
ZOWIE
Largest movements
- Stocks and contracts -€26,750
down €26,750 (-6.7%), from €398,366 to €371,616
- Tangible fixed assets -€16,096
down €16,096 (-10.1%), from €159,594 to €143,498
of which Land and buildings: -€10,982
- Cash -€15,654
down €15,654 (-32.9%), from €47,550 to €31,895
mainly Net result for the year (-€89,479) and Current portion of long-term debt (-€21,195)
- Receivables within one year -€10,557
down €10,557 (-74.3%), from €14,215 to €3,658
of which Trade receivables: -€10,566
- Profit (loss) carried forward -€39,479
down €39,479 (-30.6%), from -€128,911 to -€168,390
- Tax, wage and social debts +€27,959
up €27,959 (+26.1%), from €106,938 to €134,896
of which Taxes: +€18,557
- Current portion of long-term debt -€21,195
down €21,195 (-37.3%), from €56,761 to €35,566
- Other debts -€19,165
down €19,165 (-5.4%), from €357,001 to €337,836
- Debts after one year -€14,363
down €14,363 (-9.2%), from €155,344 to €140,981
of which Financial debts: -€14,363
- Gross operating margin -€25,077
down €25,077 (-20.3%), from €123,616 to €98,538
- Staff costs +€11,181
up €11,181 (+8.4%), from €133,527 to €144,708
- Financial charges -€1,408
down €1,408 (-12.7%), from €11,092 to €9,685
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 | €627,864 | €556,593 | -€71,271 | -11.4% |
| Fixed assets | 21/28 | €163,901 | €147,805 | -€16,096 | -9.8% |
| Tangible fixed assets | 22/27 | €159,594 | €143,498 | -€16,096 | -10.1% |
| Land and buildings | 22 | €139,791 | €128,809 | -€10,982 | -7.9% |
| Plant, machinery and equipment | 23 | €1,825 | €2,042 | +€217 | +11.9% |
| Furniture and vehicles | 24 | €17,978 | €12,648 | -€5,330 | -29.6% |
| Financial fixed assets | 28 | €4,307 | €4,307 | = | 0.0% |
| Current assets | 29/58 | €463,963 | €408,788 | -€55,176 | -11.9% |
| Stocks and contracts in progress | 3 | €398,366 | €371,616 | -€26,750 | -6.7% |
| Stocks | 30/36 | €398,366 | €371,616 | -€26,750 | -6.7% |
| Amounts receivable within one year | 40/41 | €14,215 | €3,658 | -€10,557 | -74.3% |
| Trade receivables | 40 | €13,637 | €3,072 | -€10,566 | -77.5% |
| Other amounts receivable | 41 | €577 | €586 | +€9 | +1.5% |
| Cash at bank and in hand | 54/58 | €47,550 | €31,895 | -€15,654 | -32.9% |
| Deferred charges and accrued income | 490/1 | €3,833 | €1,619 | -€2,215 | -57.8% |
| Total equity and liabilities | 10/49 | €627,864 | €556,593 | -€71,271 | -11.4% |
| Equity | 10/15 | -€94,319 | -€133,798 | -€39,479 | -41.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 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 | €14,140 | €14,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,911 | -€168,390 | -€39,479 | -30.6% |
| Amounts payable | 17/49 | €722,183 | €690,391 | -€31,792 | -4.4% |
| Amounts payable after more than one year | 17 | €155,344 | €140,981 | -€14,363 | -9.2% |
| Financial debts | 170/4 | €123,344 | €108,981 | -€14,363 | -11.6% |
| Other amounts payable | 178/9 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €566,840 | €549,411 | -€17,429 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €56,761 | €35,566 | -€21,195 | -37.3% |
| Trade debts | 44 | €46,140 | €41,112 | -€5,028 | -10.9% |
| Suppliers | 440/4 | €46,140 | €41,112 | -€5,028 | -10.9% |
| Taxes, remuneration and social security | 45 | €106,938 | €134,896 | +€27,959 | +26.1% |
| Taxes | 450/3 | €80,999 | €99,556 | +€18,557 | +22.9% |
| Remuneration and social security | 454/9 | €25,938 | €35,340 | +€9,402 | +36.2% |
| Other amounts payable | 47/48 | €357,001 | €337,836 | -€19,165 | -5.4% |
| Remuneration, social security and pensions | 62 | €133,527 | €144,708 | +€11,181 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,389 | €31,306 | +€917 | +3.0% |
| Other operating charges | 640/8 | €1,765 | €2,005 | +€240 | +13.6% |
| Gross operating margin | 9900 | €123,616 | €98,538 | -€25,077 | -20.3% |
| Operating profit (loss) | 9901 | -€42,065 | -€79,480 | -€37,415 | -88.9% |
| Financial income | 75/76B | €1,511 | €305 | -€1,206 | -79.8% |
| Recurring financial income | 75 | €1,511 | €305 | -€1,206 | -79.8% |
| Financial charges | 65/66B | €11,092 | €9,685 | -€1,408 | -12.7% |
| Recurring financial charges | 65 | €11,092 | €9,685 | -€1,408 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€51,647 | -€88,860 | -€37,213 | -72.1% |
| Income taxes | 67/77 | €606 | €619 | +€13 | +2.2% |
| Profit (loss) for the period | 9904 | -€52,253 | -€89,479 | -€37,226 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,253 | -€89,479 | -€37,226 | -71.2% |
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 15 October 2026 via checked.be.