D'ELLE ZEN: 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.
D'ELLE ZEN
Largest movements
- Tangible fixed assets +€24,543
up €24,543 (+1,553%), from €1,580 to €26,123
- Cash +€14,094
up €14,094 (+90.0%), from €15,651 to €29,745
mainly Other debts (+€29,007) and Net result for the year (+€7,944)
- Receivables within one year -€4,957
down €4,957 (-21.0%), from €23,586 to €18,630
of which Trade receivables: -€3,486
- Other debts +€29,007
up €29,007 (+1,545%), from €1,878 to €30,884
- Profit (loss) carried forward +€4,444
up €4,444, from -€4,086 to €359
- Reserves +€3,500
up €3,500 (+93.3%), from €3,750 to €7,250
- Tax, wage and social debts -€3,081
down €3,081 (-59.5%), from €5,181 to €2,100
- Gross operating margin +€17,785
up €17,785, from -€3,514 to €14,271
- Taxes +€3,047
up €3,047 (+2,721%), from €112 to €3,159
- Depreciation +€941
up €941 (+191%), from €492 to €1,433
- Financial charges +€573
up €573 (+123%), from €467 to €1,040
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 | €41,914 | €75,380 | +€33,466 | +79.8% |
| Fixed assets | 21/28 | €1,580 | €26,123 | +€24,543 | +1,553% |
| Tangible fixed assets | 22/27 | €1,580 | €26,123 | +€24,543 | +1,553% |
| Furniture and vehicles | 24 | €1,580 | €26,123 | +€24,543 | +1,553% |
| Current assets | 29/58 | €40,334 | €49,257 | +€8,923 | +22.1% |
| Amounts receivable within one year | 40/41 | €23,586 | €18,630 | -€4,957 | -21.0% |
| Trade receivables | 40 | €18,986 | €15,500 | -€3,486 | -18.4% |
| Other amounts receivable | 41 | €4,600 | €3,129 | -€1,471 | -32.0% |
| Cash at bank and in hand | 54/58 | €15,651 | €29,745 | +€14,094 | +90.0% |
| Deferred charges and accrued income | 490/1 | €1,096 | €882 | -€214 | -19.5% |
| Total equity and liabilities | 10/49 | €41,914 | €75,380 | +€33,466 | +79.8% |
| Equity | 10/15 | €29,664 | €37,609 | +€7,944 | +26.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,750 | €7,250 | +€3,500 | +93.3% |
| Distributable reserves | 133 | €3,750 | €7,250 | +€3,500 | +93.3% |
| Profit (loss) carried forward | 14 | -€4,086 | €359 | +€4,444 | |
| Amounts payable | 17/49 | €12,249 | €37,771 | +€25,522 | +208% |
| Amounts payable within one year | 42/48 | €12,249 | €37,771 | +€25,522 | +208% |
| Trade debts | 44 | €5,191 | €4,786 | -€404 | -7.8% |
| Suppliers | 440/4 | €5,191 | €4,786 | -€404 | -7.8% |
| Taxes, remuneration and social security | 45 | €5,181 | €2,100 | -€3,081 | -59.5% |
| Taxes | 450/3 | €5,181 | €2,100 | -€3,081 | -59.5% |
| Other amounts payable | 47/48 | €1,878 | €30,884 | +€29,007 | +1,545% |
| Non-recurring operating income | 76A | - | €905 | +€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €1,433 | +€941 | +191% |
| Other operating charges | 640/8 | €771 | €879 | +€108 | +14.0% |
| Gross operating margin | 9900 | -€3,514 | €14,271 | +€17,785 | |
| Operating profit (loss) | 9901 | -€4,777 | €11,959 | +€16,737 | |
| Financial income | 75/76B | €282 | €184 | -€97 | -34.6% |
| Recurring financial income | 75 | €282 | €184 | -€97 | -34.6% |
| Financial charges | 65/66B | €467 | €1,040 | +€573 | +123% |
| Recurring financial charges | 65 | €467 | €1,040 | +€573 | +123% |
| Profit (loss) for the period before taxes | 9903 | -€4,963 | €11,104 | +€16,067 | |
| Income taxes | 67/77 | €112 | €3,159 | +€3,047 | +2,721% |
| Profit (loss) for the period | 9904 | -€5,075 | €7,944 | +€13,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,075 | €7,944 | +€13,019 |
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 28 October 2026 via checked.be.