Zipagio: 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.
Zipagio
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€42,857
down €42,857 (-23.1%), from €185,714 to €142,857
- Other debts +€23,961
up €23,961 (+11.3%), from €211,726 to €235,688
- Current portion of long-term debt +€16,950
up €16,950 (+39.5%), from €42,857 to €59,807
- Profit (loss) carried forward +€9,739
up €9,739 (+40.0%), from €24,358 to €34,097
- Tax, wage and social debts -€5,375
down €5,375 (-31.5%), from €17,080 to €11,705
of which Taxes: -€13,648
- Gross operating margin +€11,378
up €11,378 (+70.2%), from €16,215 to €27,593
- Taxes +€1,850
up €1,850 (+170%), from €1,086 to €2,937
- Financial charges -€674
down €674 (-5.4%), from €12,490 to €11,817
- Other operating charges +€484
up €484 (+29.0%), from €1,671 to €2,155
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 | €515,706 | €515,882 | +€176 | 0.0% |
| Fixed assets | 21/28 | €504,558 | €503,613 | -€945 | -0.2% |
| Tangible fixed assets | 22/27 | €2,308 | €1,363 | -€945 | -41.0% |
| Land and buildings | 22 | €1,577 | €1,247 | -€330 | -20.9% |
| Furniture and vehicles | 24 | €731 | €116 | -€615 | -84.1% |
| Financial fixed assets | 28 | €502,250 | €502,250 | = | 0.0% |
| Current assets | 29/58 | €11,148 | €12,270 | +€1,121 | +10.1% |
| Amounts receivable within one year | 40/41 | - | €3,002 | +€3,002 | |
| Other amounts receivable | 41 | - | €3,002 | +€3,002 | |
| Cash at bank and in hand | 54/58 | €10,167 | €7,489 | -€2,678 | -26.3% |
| Deferred charges and accrued income | 490/1 | €981 | €1,778 | +€797 | +81.3% |
| Total equity and liabilities | 10/49 | €515,706 | €515,882 | +€176 | 0.0% |
| Equity | 10/15 | €29,358 | €39,097 | +€9,739 | +33.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,358 | €34,097 | +€9,739 | +40.0% |
| Amounts payable | 17/49 | €486,348 | €476,785 | -€9,563 | -2.0% |
| Amounts payable after more than one year | 17 | €185,714 | €142,857 | -€42,857 | -23.1% |
| Financial debts | 170/4 | €185,714 | €142,857 | -€42,857 | -23.1% |
| Amounts payable within one year | 42/48 | €297,633 | €328,667 | +€31,033 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €42,857 | €59,807 | +€16,950 | +39.5% |
| Trade debts | 44 | €25,970 | €21,468 | -€4,503 | -17.3% |
| Suppliers | 440/4 | €25,970 | €21,468 | -€4,503 | -17.3% |
| Taxes, remuneration and social security | 45 | €17,080 | €11,705 | -€5,375 | -31.5% |
| Taxes | 450/3 | €16,802 | €3,154 | -€13,648 | -81.2% |
| Remuneration and social security | 454/9 | €278 | €8,551 | +€8,273 | +2,978% |
| Other amounts payable | 47/48 | €211,726 | €235,688 | +€23,961 | +11.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | €5,261 | +€2,261 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €945 | +€257 | +37.2% |
| Other operating charges | 640/8 | €1,671 | €2,155 | +€484 | +29.0% |
| Gross operating margin | 9900 | €16,215 | €27,593 | +€11,378 | +70.2% |
| Operating profit (loss) | 9901 | €13,855 | €24,492 | +€10,637 | +76.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,490 | €11,817 | -€674 | -5.4% |
| Recurring financial charges | 65 | €12,490 | €11,817 | -€674 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €1,365 | €12,675 | +€11,310 | +829% |
| Income taxes | 67/77 | €1,086 | €2,937 | +€1,850 | +170% |
| Profit (loss) for the period | 9904 | €279 | €9,739 | +€9,460 | +3,392% |
| Profit (loss) for the period to be appropriated | 9905 | €279 | €9,739 | +€9,460 | +3,392% |
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 27 October 2026 via checked.be.