Zael Green Tech: 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.
Zael Green Tech
Largest movements
- Cash +€35,379
up €35,379 (+179%), from €19,782 to €55,161
mainly Net result for the year (+€44,031) and Tax, wage and social debts (+€14,248)
- Receivables within one year +€17,149
up €17,149 (+122%), from €14,094 to €31,243
- Tangible fixed assets +€3,576
up €3,576 (+253%), from €1,413 to €4,989
- Reserves +€44,031
up €44,031 (+296%), from €14,883 to €58,915
- Tax, wage and social debts +€14,248
up €14,248 (+94.1%), from €15,134 to €29,383
- Trade debts -€3,294
no longer reported in 2025 (was €3,294)
- Other debts +€1,118
new in 2025: €1,118
- Gross operating margin +€20,494
up €20,494 (+52.2%), from €39,283 to €59,777
- Other operating charges -€7,044
down €7,044 (-94.6%), from €7,444 to €400
- Taxes +€6,444
up €6,444 (+80.9%), from €7,964 to €14,408
- Staff costs -€4,950
no longer reported in 2025 (was €4,950)
- Depreciation -€2,811
down €2,811 (-74.6%), from €3,768 to €957
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 | €35,289 | €91,393 | +€56,104 | +159% |
| Fixed assets | 21/28 | €1,413 | €4,989 | +€3,576 | +253% |
| Tangible fixed assets | 22/27 | €1,413 | €4,989 | +€3,576 | +253% |
| Furniture and vehicles | 24 | €1,413 | €4,989 | +€3,576 | +253% |
| Current assets | 29/58 | €33,876 | €86,404 | +€52,528 | +155% |
| Amounts receivable within one year | 40/41 | €14,094 | €31,243 | +€17,149 | +122% |
| Trade receivables | 40 | €14,094 | €31,243 | +€17,149 | +122% |
| Cash at bank and in hand | 54/58 | €19,782 | €55,161 | +€35,379 | +179% |
| Total equity and liabilities | 10/49 | €35,289 | €91,393 | +€56,104 | +159% |
| Equity | 10/15 | €16,861 | €60,892 | +€44,031 | +261% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,883 | €58,915 | +€44,031 | +296% |
| Distributable reserves | 133 | €14,883 | €58,915 | +€44,031 | +296% |
| Profit (loss) carried forward | 14 | -€4,222 | -€4,222 | = | 0.0% |
| Amounts payable | 17/49 | €18,428 | €30,500 | +€12,072 | +65.5% |
| Amounts payable within one year | 42/48 | €18,428 | €30,500 | +€12,072 | +65.5% |
| Trade debts | 44 | €3,294 | - | -€3,294 | |
| Suppliers | 440/4 | €3,294 | - | -€3,294 | |
| Taxes, remuneration and social security | 45 | €15,134 | €29,383 | +€14,248 | +94.1% |
| Taxes | 450/3 | €15,134 | €29,383 | +€14,248 | +94.1% |
| Other amounts payable | 47/48 | - | €1,118 | +€1,118 | |
| Remuneration, social security and pensions | 62 | €4,950 | - | -€4,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,768 | €957 | -€2,811 | -74.6% |
| Other operating charges | 640/8 | €7,444 | €400 | -€7,044 | -94.6% |
| Gross operating margin | 9900 | €39,283 | €59,777 | +€20,494 | +52.2% |
| Operating profit (loss) | 9901 | €23,120 | €58,420 | +€35,300 | +153% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €273 | €40 | -€233 | -85.2% |
| Recurring financial charges | 65 | €273 | €40 | -€233 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €22,847 | €58,439 | +€35,592 | +156% |
| Income taxes | 67/77 | €7,964 | €14,408 | +€6,444 | +80.9% |
| Profit (loss) for the period | 9904 | €14,883 | €44,031 | +€29,148 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €14,883 | €44,031 | +€29,148 | +196% |
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 26 October 2026 via checked.be.