ZVANUT: 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.
ZVANUT
Largest movements
- Stocks and contracts -€3,700
down €3,700 (-61.7%), from €6,000 to €2,300
- Receivables within one year -€2,787
down €2,787 (-15.8%), from €17,647 to €14,860
of which Trade receivables: -€3,929
- Deferred charges and accrued income -€1,172
no longer reported in 2024 (was €1,172)
- Tangible fixed assets +€649
up €649 (+9.2%), from €7,089 to €7,738
of which Plant, machinery and equipment: +€3,303
- Cash +€475
up €475 (+4.6%), from €10,353 to €10,829
mainly Trade debts (+€8,481) and Depreciation (+€5,244)
- Profit (loss) carried forward -€14,452
down €14,452 (-12.3%), from -€117,451 to -€131,903
- Trade debts +€8,481
up €8,481 (+37.4%), from €22,690 to €31,170
- Current portion of long-term debt -€4,333
no longer reported in 2024 (was €4,333)
- Other debts +€2,453
up €2,453 (+3.0%), from €82,349 to €84,803
- Tax, wage and social debts +€1,316
up €1,316 (+11.8%), from €11,127 to €12,443
of which Taxes: +€2,110
- Gross operating margin +€16,327
up €16,327 (+26.4%), from €61,859 to €78,186
- Staff costs +€8,103
up €8,103 (+11.1%), from €72,820 to €80,922
- Depreciation -€2,671
down €2,671 (-33.7%), from €7,915 to €5,244
- Other operating charges -€1,707
down €1,707 (-71.3%), from €2,395 to €689
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 | €42,262 | €35,727 | -€6,535 | -15.5% |
| Fixed assets | 21/28 | €7,089 | €7,738 | +€649 | +9.2% |
| Tangible fixed assets | 22/27 | €7,089 | €7,738 | +€649 | +9.2% |
| Plant, machinery and equipment | 23 | €3,927 | €7,230 | +€3,303 | +84.1% |
| Furniture and vehicles | 24 | €3,162 | €508 | -€2,654 | -83.9% |
| Current assets | 29/58 | €35,172 | €27,989 | -€7,184 | -20.4% |
| Stocks and contracts in progress | 3 | €6,000 | €2,300 | -€3,700 | -61.7% |
| Stocks | 30/36 | €6,000 | €2,300 | -€3,700 | -61.7% |
| Amounts receivable within one year | 40/41 | €17,647 | €14,860 | -€2,787 | -15.8% |
| Trade receivables | 40 | €5,546 | €1,617 | -€3,929 | -70.8% |
| Other amounts receivable | 41 | €12,101 | €13,242 | +€1,142 | +9.4% |
| Cash at bank and in hand | 54/58 | €10,353 | €10,829 | +€475 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,172 | - | -€1,172 | |
| Total equity and liabilities | 10/49 | €42,262 | €35,727 | -€6,535 | -15.5% |
| Equity | 10/15 | -€79,738 | -€94,189 | -€14,452 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,113 | €19,113 | = | 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 | €17,253 | €17,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,451 | -€131,903 | -€14,452 | -12.3% |
| Amounts payable | 17/49 | €122,000 | €129,916 | +€7,917 | +6.5% |
| Amounts payable within one year | 42/48 | €120,500 | €128,416 | +€7,917 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €4,333 | - | -€4,333 | |
| Trade debts | 44 | €22,690 | €31,170 | +€8,481 | +37.4% |
| Suppliers | 440/4 | €22,690 | €31,170 | +€8,481 | +37.4% |
| Taxes, remuneration and social security | 45 | €11,127 | €12,443 | +€1,316 | +11.8% |
| Taxes | 450/3 | €2,191 | €4,301 | +€2,110 | +96.3% |
| Remuneration and social security | 454/9 | €8,936 | €8,142 | -€794 | -8.9% |
| Other amounts payable | 47/48 | €82,349 | €84,803 | +€2,453 | +3.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €72,820 | €80,922 | +€8,103 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,915 | €5,244 | -€2,671 | -33.7% |
| Other operating charges | 640/8 | €2,395 | €689 | -€1,707 | -71.3% |
| Gross operating margin | 9900 | €61,859 | €78,186 | +€16,327 | +26.4% |
| Operating profit (loss) | 9901 | -€21,270 | -€8,668 | +€12,602 | +59.2% |
| Financial income | 75/76B | €10 | €44 | +€34 | +341% |
| Recurring financial income | 75 | €10 | €44 | +€34 | +341% |
| Financial charges | 65/66B | €6,130 | €5,689 | -€442 | -7.2% |
| Recurring financial charges | 65 | €6,130 | €5,689 | -€442 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,391 | -€14,313 | +€13,078 | +47.7% |
| Income taxes | 67/77 | €123 | €139 | +€16 | +12.7% |
| Profit (loss) for the period | 9904 | -€27,514 | -€14,452 | +€13,062 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,514 | -€14,452 | +€13,062 | +47.5% |
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 24 October 2026 via checked.be.