ZYGNIS: 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.
ZYGNIS
Largest movements
- Tangible fixed assets -€56,734
down €56,734 (-11.4%), from €495,980 to €439,245
of which Land and buildings: -€36,254
- Cash -€30,059
down €30,059 (-64.4%), from €46,711 to €16,652
mainly Net result for the year (-€65,444) and Current investments (-€19,686)
- Current investments +€19,686
up €19,686 (+49.2%), from €40,000 to €59,686
- Reserves -€65,444
down €65,444 (-12.9%), from €507,635 to €442,191
of which Distributable reserves: -€65,444
- Tax, wage and social debts -€9,637
down €9,637 (-79.2%), from €12,166 to €2,529
- Gross operating margin -€117,074
down €117,074 (-97.6%), from €119,957 to €2,883
- Financial charges -€25,201
down €25,201 (-88.8%), from €28,363 to €3,163
- Taxes -€22,785
down €22,785 (-99.1%), from €22,986 to €201
- Financial income -€15,746
down €15,746 (-93.6%), from €16,825 to €1,079
- Other operating charges +€2,291
up €2,291 (+32.7%), from €7,017 to €9,308
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,841 | €516,505 | -€69,336 | -11.8% |
| Fixed assets | 21/28 | €495,980 | €439,245 | -€56,734 | -11.4% |
| Tangible fixed assets | 22/27 | €495,980 | €439,245 | -€56,734 | -11.4% |
| Land and buildings | 22 | €427,257 | €391,003 | -€36,254 | -8.5% |
| Plant, machinery and equipment | 23 | €595 | €566 | -€29 | -4.9% |
| Furniture and vehicles | 24 | €34,449 | €19,242 | -€15,207 | -44.1% |
| Other tangible fixed assets | 26 | €33,678 | €28,434 | -€5,244 | -15.6% |
| Current assets | 29/58 | €89,862 | €77,260 | -€12,602 | -14.0% |
| Amounts receivable within one year | 40/41 | €1,974 | €0 | -€1,974 | -100% |
| Trade receivables | 40 | €1,974 | €0 | -€1,974 | -100% |
| Current investments | 50/53 | €40,000 | €59,686 | +€19,686 | +49.2% |
| Cash at bank and in hand | 54/58 | €46,711 | €16,652 | -€30,059 | -64.4% |
| Deferred charges and accrued income | 490/1 | €1,176 | €922 | -€255 | -21.7% |
| Total equity and liabilities | 10/49 | €585,841 | €516,505 | -€69,336 | -11.8% |
| Equity | 10/15 | €526,235 | €460,791 | -€65,444 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €507,635 | €442,191 | -€65,444 | -12.9% |
| Non-distributable reserves | 130/1 | €8,449 | €8,449 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,449 | €8,449 | = | 0.0% |
| Distributable reserves | 133 | €499,186 | €433,742 | -€65,444 | -13.1% |
| Amounts payable | 17/49 | €59,606 | €55,714 | -€3,892 | -6.5% |
| Amounts payable within one year | 42/48 | €55,251 | €52,045 | -€3,206 | -5.8% |
| Trade debts | 44 | €2,799 | €7,521 | +€4,723 | +169% |
| Suppliers | 440/4 | €2,799 | €7,521 | +€4,723 | +169% |
| Taxes, remuneration and social security | 45 | €12,166 | €2,529 | -€9,637 | -79.2% |
| Taxes | 450/3 | €12,166 | €2,529 | -€9,637 | -79.2% |
| Other amounts payable | 47/48 | €40,287 | €41,995 | +€1,708 | +4.2% |
| Accrued charges and deferred income | 492/3 | €4,355 | €3,669 | -€686 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,387 | €56,734 | -€1,653 | -2.8% |
| Other operating charges | 640/8 | €7,017 | €9,308 | +€2,291 | +32.7% |
| Gross operating margin | 9900 | €119,957 | €2,883 | -€117,074 | -97.6% |
| Operating profit (loss) | 9901 | €54,553 | -€63,160 | -€117,713 | |
| Financial income | 75/76B | €16,825 | €1,079 | -€15,746 | -93.6% |
| Recurring financial income | 75 | €16,825 | €1,079 | -€15,746 | -93.6% |
| Financial charges | 65/66B | €28,363 | €3,163 | -€25,201 | -88.8% |
| Recurring financial charges | 65 | €28,363 | €3,163 | -€25,201 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €43,015 | -€65,244 | -€108,258 | |
| Income taxes | 67/77 | €22,986 | €201 | -€22,785 | -99.1% |
| Profit (loss) for the period | 9904 | €20,029 | -€65,444 | -€85,473 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,029 | -€65,444 | -€85,473 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.