ZSH MED: 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.
ZSH MED
Largest movements
- Cash +€32,708
up €32,708 (+170%), from €19,229 to €51,937
mainly Net result for the year (+€17,815) and Investment in fixed assets (net) (+€10,217)
- Tangible fixed assets -€10,217
no longer reported in 2023 (was €10,217)
- Profit (loss) carried forward +€17,815
up €17,815 (+88.4%), from €20,150 to €37,965
- Tax, wage and social debts +€4,974
up €4,974 (+68.8%), from €7,228 to €12,202
of which Taxes: +€6,024
- Purchases and services -€27,456
down €27,456 (-45.5%), from €60,400 to €32,944
- Depreciation -€2,783
no longer reported in 2023 (was €2,783)
- Gross operating margin +€2,521
up €2,521 (+8.2%), from €30,783 to €33,304
- Other operating charges -€998
down €998 (-58.5%), from €1,707 to €709
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,446 | €56,876 | +€22,430 | +65.1% |
| Fixed assets | 21/28 | €10,217 | - | -€10,217 | |
| Tangible fixed assets | 22/27 | €10,217 | - | -€10,217 | |
| Furniture and vehicles | 24 | €10,217 | - | -€10,217 | |
| Current assets | 29/58 | €24,229 | €56,876 | +€32,647 | +135% |
| Amounts receivable within one year | 40/41 | €5,000 | €4,939 | -€61 | -1.2% |
| Other amounts receivable | 41 | €5,000 | €4,939 | -€61 | -1.2% |
| Cash at bank and in hand | 54/58 | €19,229 | €51,937 | +€32,708 | +170% |
| Total equity and liabilities | 10/49 | €34,446 | €56,876 | +€22,430 | +65.1% |
| Equity | 10/15 | €23,150 | €40,965 | +€17,815 | +77.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,150 | €37,965 | +€17,815 | +88.4% |
| Amounts payable | 17/49 | €11,296 | €15,911 | +€4,615 | +40.9% |
| Amounts payable within one year | 42/48 | €11,296 | €15,911 | +€4,615 | +40.9% |
| Trade debts | 44 | €4,068 | €3,709 | -€359 | -8.8% |
| Suppliers | 440/4 | €4,068 | €3,709 | -€359 | -8.8% |
| Taxes, remuneration and social security | 45 | €7,228 | €12,202 | +€4,974 | +68.8% |
| Taxes | 450/3 | €6,178 | €12,202 | +€6,024 | +97.5% |
| Remuneration and social security | 454/9 | €1,050 | - | -€1,050 | |
| Goods, raw materials, services and sundry goods | 60/61 | €60,400 | €32,944 | -€27,456 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,783 | - | -€2,783 | |
| Other operating charges | 640/8 | €1,707 | €709 | -€998 | -58.5% |
| Non-recurring operating charges | 66A | - | €8,717 | +€8,717 | |
| Gross operating margin | 9900 | €30,783 | €33,304 | +€2,521 | +8.2% |
| Operating profit (loss) | 9901 | €26,293 | €23,878 | -€2,415 | -9.2% |
| Financial charges | 65/66B | €23 | €39 | +€16 | +69.6% |
| Recurring financial charges | 65 | €23 | €39 | +€16 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €26,270 | €23,839 | -€2,431 | -9.3% |
| Income taxes | 67/77 | €6,120 | €6,024 | -€96 | -1.6% |
| Profit (loss) for the period | 9904 | €20,150 | €17,815 | -€2,335 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,150 | €17,815 | -€2,335 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.