ZTS GROUP: 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.
ZTS GROUP
Largest movements
- Cash +€15,286
up €15,286 (+887.9%), from €1,722 to €17,007
mainly Net result for the year (+€46,237) and Depreciation (+€2,664)
- Tangible fixed assets -€1,640
down €1,640 (-32.1%), from €5,108 to €3,468
of which Plant, machinery and equipment: -€1,680
- Profit (loss) carried forward +€46,237
up €46,237 (+139.9%), from €33,052 to €79,289
- Trade debts -€33,402
down €33,402 (-82.2%), from €40,634 to €7,232
- Gross operating margin +€21,782
up €21,782 (+74.5%), from €29,241 to €51,024
- Taxes -€2,362
no longer reported in 2024 (was €2,362)
- Depreciation -€1,053
down €1,053 (-28.3%), from €3,717 to €2,664
- Other operating charges -€653
down €653 (-53.5%), from €1,221 to €568
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 | €75,686 | €88,521 | +€12,835 | +17.0% |
| Fixed assets | 21/28 | €5,108 | €3,468 | -€1,640 | -32.1% |
| Tangible fixed assets | 22/27 | €5,108 | €3,468 | -€1,640 | -32.1% |
| Plant, machinery and equipment | 23 | €2,945 | €1,265 | -€1,680 | -57.0% |
| Furniture and vehicles | 24 | €2,163 | €2,203 | +€40 | +1.9% |
| Current assets | 29/58 | €70,578 | €85,052 | +€14,474 | +20.5% |
| Amounts receivable within one year | 40/41 | €68,856 | €68,045 | -€811 | -1.2% |
| Trade receivables | 40 | €51,944 | €29,572 | -€22,372 | -43.1% |
| Other amounts receivable | 41 | €16,912 | €38,473 | +€21,561 | +127.5% |
| Cash at bank and in hand | 54/58 | €1,722 | €17,007 | +€15,286 | +887.9% |
| Total equity and liabilities | 10/49 | €75,686 | €88,521 | +€12,835 | +17.0% |
| Equity | 10/15 | €35,052 | €81,289 | +€46,237 | +131.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,052 | €79,289 | +€46,237 | +139.9% |
| Amounts payable | 17/49 | €40,634 | €7,232 | -€33,402 | -82.2% |
| Amounts payable within one year | 42/48 | €40,634 | €7,232 | -€33,402 | -82.2% |
| Trade debts | 44 | €40,634 | €7,232 | -€33,402 | -82.2% |
| Suppliers | 440/4 | €40,634 | €7,232 | -€33,402 | -82.2% |
| Remuneration, social security and pensions | 62 | €213 | - | -€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,717 | €2,664 | -€1,053 | -28.3% |
| Other operating charges | 640/8 | €1,221 | €568 | -€653 | -53.5% |
| Non-recurring operating charges | 66A | €1,456 | €1,237 | -€218 | -15.0% |
| Gross operating margin | 9900 | €29,241 | €51,024 | +€21,782 | +74.5% |
| Operating profit (loss) | 9901 | €22,634 | €46,554 | +€23,920 | +105.7% |
| Financial charges | 65/66B | €383 | €318 | -€66 | -17.1% |
| Recurring financial charges | 65 | €383 | €318 | -€66 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €22,251 | €46,237 | +€23,986 | +107.8% |
| Income taxes | 67/77 | €2,362 | - | -€2,362 | |
| Profit (loss) for the period | 9904 | €19,889 | €46,237 | +€26,348 | +132.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,889 | €46,237 | +€26,348 | +132.5% |
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 11 October 2026 via checked.be.