ZTTM: 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.
ZTTM
Largest movements
- Deferred charges and accrued income -€30,288
down €30,288 (-95.8%), from €31,616 to €1,328
- Cash -€17,392
down €17,392 (-94.4%), from €18,433 to €1,041
mainly Net result for the year (-€44,153) and Tax, wage and social debts (-€17,660)
- Tangible fixed assets -€13,213
down €13,213 (-62.9%), from €21,019 to €7,806
- Receivables within one year +€7,785
up €7,785 (+457%), from €1,703 to €9,488
of which Trade receivables: +€5,923
- Profit (loss) carried forward -€44,153
down €44,153, from €16,634 to -€27,519
- Tax, wage and social debts -€17,660
down €17,660 (-79.0%), from €22,346 to €4,686
- Other debts +€8,569
up €8,569 (+879%), from €975 to €9,544
- Gross operating margin -€50,783
down €50,783, from €21,476 to -€29,307
- Depreciation -€3,209
down €3,209 (-19.5%), from €16,422 to €13,213
- Taxes -€2,274
down €2,274, from €1,701 to -€573
- Financial charges +€1,078
up €1,078 (+218%), from €495 to €1,573
of which Non-recurring financial charges: +€794
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 | €72,771 | €19,663 | -€53,108 | -73.0% |
| Fixed assets | 21/28 | €21,019 | €7,806 | -€13,213 | -62.9% |
| Tangible fixed assets | 22/27 | €21,019 | €7,806 | -€13,213 | -62.9% |
| Furniture and vehicles | 24 | €21,019 | €7,806 | -€13,213 | -62.9% |
| Current assets | 29/58 | €51,752 | €11,857 | -€39,895 | -77.1% |
| Amounts receivable within one year | 40/41 | €1,703 | €9,488 | +€7,785 | +457% |
| Trade receivables | 40 | - | €5,923 | +€5,923 | |
| Other amounts receivable | 41 | €1,703 | €3,565 | +€1,862 | +109% |
| Cash at bank and in hand | 54/58 | €18,433 | €1,041 | -€17,392 | -94.4% |
| Deferred charges and accrued income | 490/1 | €31,616 | €1,328 | -€30,288 | -95.8% |
| Total equity and liabilities | 10/49 | €72,771 | €19,663 | -€53,108 | -73.0% |
| Equity | 10/15 | €48,335 | €4,182 | -€44,153 | -91.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €19,301 | €19,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,301 | €1,301 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,301 | €1,301 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,634 | -€27,519 | -€44,153 | |
| Amounts payable | 17/49 | €24,436 | €15,481 | -€8,955 | -36.6% |
| Amounts payable within one year | 42/48 | €24,436 | €15,481 | -€8,955 | -36.6% |
| Trade debts | 44 | €1,115 | €1,251 | +€136 | +12.2% |
| Suppliers | 440/4 | €1,115 | €1,251 | +€136 | +12.2% |
| Taxes, remuneration and social security | 45 | €22,346 | €4,686 | -€17,660 | -79.0% |
| Taxes | 450/3 | €22,346 | €4,686 | -€17,660 | -79.0% |
| Other amounts payable | 47/48 | €975 | €9,544 | +€8,569 | +879% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,422 | €13,213 | -€3,209 | -19.5% |
| Other operating charges | 640/8 | €600 | €507 | -€93 | -15.5% |
| Non-recurring operating charges | 66A | €306 | €126 | -€180 | -58.8% |
| Gross operating margin | 9900 | €21,476 | -€29,307 | -€50,783 | |
| Operating profit (loss) | 9901 | €4,148 | -€43,153 | -€47,301 | |
| Financial income | 75/76B | €58 | - | -€58 | |
| Recurring financial income | 75 | €58 | - | -€58 | |
| Financial charges | 65/66B | €495 | €1,573 | +€1,078 | +218% |
| Recurring financial charges | 65 | €495 | €779 | +€284 | +57.4% |
| Non-recurring financial charges | 66B | - | €794 | +€794 | |
| Profit (loss) for the period before taxes | 9903 | €3,711 | -€44,726 | -€48,437 | |
| Income taxes | 67/77 | €1,701 | -€573 | -€2,274 | |
| Profit (loss) for the period | 9904 | €2,010 | -€44,153 | -€46,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,010 | -€44,153 | -€46,163 |
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 22 October 2026 via checked.be.