Zeal Construct: 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.
Zeal Construct
Largest movements
- Receivables within one year -€42,889
down €42,889 (-90.8%), from €47,219 to €4,330
of which Other amounts receivable: -€42,955
- Tangible fixed assets -€9,441
down €9,441 (-15.9%), from €59,556 to €50,115
of which Plant, machinery and equipment: -€9,441
- Profit (loss) carried forward -€19,911
new in 2025: -€19,911
- Other debts +€19,267
up €19,267 (+203.9%), from €9,449 to €28,715
- Debts after one year -€15,499
down €15,499 (-57.7%), from €26,861 to €11,361
- Current portion of long-term debt -€14,070
down €14,070 (-60.2%), from €23,374 to €9,304
- Trade debts -€13,240
down €13,240 (-93.3%), from €14,194 to €955
- Gross operating margin -€124,715
down €124,715, from €113,398 to -€11,317
- Staff costs -€86,149
down €86,149 (-94.8%), from €90,917 to €4,768
- Other operating charges -€6,956
down €6,956 (-97.7%), from €7,119 to €163
- Financial income -€5,497
down €5,497 (-96.8%), from €5,681 to €183
- Financial charges -€5,372
down €5,372 (-72.0%), from €7,466 to €2,094
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.
Cash bridge derived
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 | €125,000 | €72,704 | -€52,296 | -41.8% |
| Fixed assets | 21/28 | €59,556 | €50,115 | -€9,441 | -15.9% |
| Tangible fixed assets | 22/27 | €59,556 | €50,115 | -€9,441 | -15.9% |
| Plant, machinery and equipment | 23 | €59,556 | €50,115 | -€9,441 | -15.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €65,444 | €22,589 | -€42,856 | -65.5% |
| Stocks and contracts in progress | 3 | €18,211 | €18,211 | = | 0.0% |
| Contracts in progress | 37 | €18,211 | €18,211 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,219 | €4,330 | -€42,889 | -90.8% |
| Trade receivables | 40 | €1,172 | €1,239 | +€66 | +5.7% |
| Other amounts receivable | 41 | €46,046 | €3,091 | -€42,955 | -93.3% |
| Cash at bank and in hand | 54/58 | €15 | €48 | +€33 | +229.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €125,000 | €72,704 | -€52,296 | -41.8% |
| Equity | 10/15 | €22,689 | -€4,911 | -€27,599 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €7,689 | €0 | -€7,689 | -100.0% |
| Distributable reserves | 133 | €7,689 | €0 | -€7,689 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€19,911 | -€19,911 | |
| Amounts payable | 17/49 | €102,312 | €77,615 | -€24,697 | -24.1% |
| Amounts payable after more than one year | 17 | €26,861 | €11,361 | -€15,499 | -57.7% |
| Financial debts | 170/4 | €26,861 | €11,361 | -€15,499 | -57.7% |
| Amounts payable within one year | 42/48 | €75,430 | €66,253 | -€9,176 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €23,374 | €9,304 | -€14,070 | -60.2% |
| Trade debts | 44 | €14,194 | €955 | -€13,240 | -93.3% |
| Suppliers | 440/4 | €14,194 | €955 | -€13,240 | -93.3% |
| Advances received on contracts in progress | 46 | €21,826 | €26,262 | +€4,437 | +20.3% |
| Taxes, remuneration and social security | 45 | €6,586 | €1,017 | -€5,570 | -84.6% |
| Taxes | 450/3 | €5,570 | €0 | -€5,570 | -100.0% |
| Remuneration and social security | 454/9 | €1,017 | €1,017 | = | 0.0% |
| Other amounts payable | 47/48 | €9,449 | €28,715 | +€19,267 | +203.9% |
| Accrued charges and deferred income | 492/3 | €21 | €0 | -€21 | -100.0% |
| Remuneration, social security and pensions | 62 | €90,917 | €4,768 | -€86,149 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,441 | €9,441 | = | 0.0% |
| Other operating charges | 640/8 | €7,119 | €163 | -€6,956 | -97.7% |
| Gross operating margin | 9900 | €113,398 | -€11,317 | -€124,715 | |
| Operating profit (loss) | 9901 | €5,921 | -€25,689 | -€31,610 | |
| Financial income | 75/76B | €5,681 | €183 | -€5,497 | -96.8% |
| Recurring financial income | 75 | €5,681 | €183 | -€5,497 | -96.8% |
| Financial charges | 65/66B | €7,466 | €2,094 | -€5,372 | -72.0% |
| Recurring financial charges | 65 | €7,466 | €2,094 | -€5,372 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €4,136 | -€27,599 | -€31,735 | |
| Profit (loss) for the period | 9904 | €4,136 | -€27,599 | -€31,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,136 | -€27,599 | -€31,735 |
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 10 October 2026 via checked.be.