LE ZEST: 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.
LE ZEST
Largest movements
- Cash -€33,126
down €33,126 (-92.9%), from €35,660 to €2,535
mainly Trade debts (-€45,682) and Investment in fixed assets (net) (-€24,351)
- Receivables within one year +€10,929
up €10,929 (+17.8%), from €61,476 to €72,405
of which Other amounts receivable: +€33,154
- Tangible fixed assets +€3,088
up €3,088 (+3.9%), from €79,123 to €82,211
of which Plant, machinery and equipment: +€10,903
- Deferred charges and accrued income -€2,027
down €2,027 (-60.9%), from €3,331 to €1,304
- Trade debts -€45,682
down €45,682 (-38.0%), from €120,349 to €74,667
- Profit (loss) carried forward +€17,061
up €17,061 (+57.6%), from -€29,619 to -€12,558
- Tax, wage and social debts +€13,250
up €13,250 (+30.5%), from €43,487 to €56,737
of which Remuneration and social security: +€17,982
- Debts after one year -€10,110
down €10,110 (-85.6%), from €11,809 to €1,699
- Short-term financial debts +€3,802
up €3,802, from €0 to €3,802
- Gross operating margin -€21,022
down €21,022 (-5.0%), from €418,225 to €397,203
- Staff costs -€13,051
down €13,051 (-3.6%), from €358,953 to €345,902
- Other operating charges -€4,846
down €4,846 (-71.2%), from €6,807 to €1,961
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 | €199,590 | €178,454 | -€21,136 | -10.6% |
| Fixed assets | 21/28 | €94,123 | €97,211 | +€3,088 | +3.3% |
| Intangible fixed assets | 21 | €15,000 | €15,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €79,123 | €82,211 | +€3,088 | +3.9% |
| Plant, machinery and equipment | 23 | €8,097 | €19,000 | +€10,903 | +135% |
| Furniture and vehicles | 24 | €30,801 | €31,114 | +€313 | +1.0% |
| Other tangible fixed assets | 26 | €40,225 | €32,097 | -€8,128 | -20.2% |
| Current assets | 29/58 | €105,467 | €81,243 | -€24,224 | -23.0% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,476 | €72,405 | +€10,929 | +17.8% |
| Trade receivables | 40 | €39,711 | €17,486 | -€22,225 | -56.0% |
| Other amounts receivable | 41 | €21,765 | €54,919 | +€33,154 | +152% |
| Cash at bank and in hand | 54/58 | €35,660 | €2,535 | -€33,126 | -92.9% |
| Deferred charges and accrued income | 490/1 | €3,331 | €1,304 | -€2,027 | -60.9% |
| Total equity and liabilities | 10/49 | €199,590 | €178,454 | -€21,136 | -10.6% |
| Equity | 10/15 | €13,978 | €31,039 | +€17,061 | +122% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,997 | €24,997 | = | 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 | €23,137 | €23,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,619 | -€12,558 | +€17,061 | +57.6% |
| Amounts payable | 17/49 | €185,612 | €147,415 | -€38,197 | -20.6% |
| Amounts payable after more than one year | 17 | €11,809 | €1,699 | -€10,110 | -85.6% |
| Financial debts | 170/4 | €11,809 | €1,699 | -€10,110 | -85.6% |
| Amounts payable within one year | 42/48 | €173,803 | €145,316 | -€28,487 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €9,967 | €10,110 | +€143 | +1.4% |
| Financial debts | 43 | €0 | €3,802 | +€3,802 | |
| Credit institutions | 430/8 | €0 | €3,802 | +€3,802 | |
| Trade debts | 44 | €120,349 | €74,667 | -€45,682 | -38.0% |
| Suppliers | 440/4 | €120,349 | €74,667 | -€45,682 | -38.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €43,487 | €56,737 | +€13,250 | +30.5% |
| Taxes | 450/3 | €12,849 | €8,117 | -€4,732 | -36.8% |
| Remuneration and social security | 454/9 | €30,638 | €48,619 | +€17,982 | +58.7% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €358,953 | €345,902 | -€13,051 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,694 | €21,263 | -€431 | -2.0% |
| Other operating charges | 640/8 | €6,807 | €1,961 | -€4,846 | -71.2% |
| Gross operating margin | 9900 | €418,225 | €397,203 | -€21,022 | -5.0% |
| Operating profit (loss) | 9901 | €30,770 | €28,077 | -€2,694 | -8.8% |
| Financial income | 75/76B | €1,036 | €1,850 | +€814 | +78.5% |
| Recurring financial income | 75 | €1,036 | €1,850 | +€814 | +78.5% |
| Financial charges | 65/66B | €10,306 | €12,535 | +€2,229 | +21.6% |
| Recurring financial charges | 65 | €10,306 | €12,535 | +€2,229 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €21,501 | €17,392 | -€4,109 | -19.1% |
| Income taxes | 67/77 | €265 | €330 | +€65 | +24.6% |
| Profit (loss) for the period | 9904 | €21,235 | €17,061 | -€4,174 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,235 | €17,061 | -€4,174 | -19.7% |
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 1 November 2026 via checked.be.