Zealous: 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.
Zealous
Largest movements
- Cash -€23,765
down €23,765 (-10.0%), from €237,313 to €213,548
mainly Other debts (-€48,802) and Trade debts (-€23,260)
- Tangible fixed assets -€13,645
down €13,645 (-69.3%), from €19,691 to €6,046
of which Furniture and vehicles: -€12,197
- Receivables within one year +€5,457
up €5,457 (+20.0%), from €27,338 to €32,794
of which Trade receivables: +€4,901
- Reserves +€50,076
up €50,076 (+28.9%), from €173,359 to €223,435
- Other debts -€48,802
down €48,802 (-87.7%), from €55,645 to €6,843
- Trade debts -€23,260
down €23,260 (-81.9%), from €28,416 to €5,156
- Current portion of long-term debt -€6,395
down €6,395 (-58.0%), from €11,026 to €4,632
- Debts after one year -€4,632
no longer reported in 2025 (was €4,632)
- Gross operating margin +€5,226
up €5,226 (+5.5%), from €95,328 to €100,553
- Taxes +€5,009
up €5,009 (+32.7%), from €15,334 to €20,343
- Depreciation -€1,255
down €1,255 (-8.4%), from €14,900 to €13,645
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 | €284,341 | €252,388 | -€31,954 | -11.2% |
| Fixed assets | 21/28 | €19,691 | €6,046 | -€13,645 | -69.3% |
| Tangible fixed assets | 22/27 | €19,691 | €6,046 | -€13,645 | -69.3% |
| Land and buildings | 22 | €1,448 | - | -€1,448 | |
| Furniture and vehicles | 24 | €18,242 | €6,046 | -€12,197 | -66.9% |
| Current assets | 29/58 | €264,651 | €246,342 | -€18,309 | -6.9% |
| Amounts receivable within one year | 40/41 | €27,338 | €32,794 | +€5,457 | +20.0% |
| Trade receivables | 40 | €16,880 | €21,780 | +€4,901 | +29.0% |
| Other amounts receivable | 41 | €10,458 | €11,014 | +€556 | +5.3% |
| Cash at bank and in hand | 54/58 | €237,313 | €213,548 | -€23,765 | -10.0% |
| Total equity and liabilities | 10/49 | €284,341 | €252,388 | -€31,954 | -11.2% |
| Equity | 10/15 | €173,859 | €223,935 | +€50,076 | +28.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €173,359 | €223,435 | +€50,076 | +28.9% |
| Distributable reserves | 133 | €173,359 | €223,435 | +€50,076 | +28.9% |
| Amounts payable | 17/49 | €110,482 | €28,453 | -€82,029 | -74.2% |
| Amounts payable after more than one year | 17 | €4,632 | - | -€4,632 | |
| Financial debts | 170/4 | €4,632 | - | -€4,632 | |
| Amounts payable within one year | 42/48 | €104,739 | €27,907 | -€76,833 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €11,026 | €4,632 | -€6,395 | -58.0% |
| Trade debts | 44 | €28,416 | €5,156 | -€23,260 | -81.9% |
| Suppliers | 440/4 | €28,416 | €5,156 | -€23,260 | -81.9% |
| Taxes, remuneration and social security | 45 | €9,652 | €11,276 | +€1,625 | +16.8% |
| Taxes | 450/3 | €9,652 | €11,276 | +€1,625 | +16.8% |
| Other amounts payable | 47/48 | €55,645 | €6,843 | -€48,802 | -87.7% |
| Accrued charges and deferred income | 492/3 | €1,111 | €546 | -€565 | -50.8% |
| Remuneration, social security and pensions | 62 | €15,292 | €15,441 | +€149 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,900 | €13,645 | -€1,255 | -8.4% |
| Other operating charges | 640/8 | €1,943 | €1,782 | -€161 | -8.3% |
| Gross operating margin | 9900 | €95,328 | €100,553 | +€5,226 | +5.5% |
| Operating profit (loss) | 9901 | €63,193 | €69,685 | +€6,493 | +10.3% |
| Financial income | 75/76B | €2,253 | €1,737 | -€515 | -22.9% |
| Recurring financial income | 75 | €2,253 | €1,737 | -€515 | -22.9% |
| Financial charges | 65/66B | €1,716 | €1,004 | -€712 | -41.5% |
| Recurring financial charges | 65 | €1,716 | €1,004 | -€712 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €63,729 | €70,418 | +€6,689 | +10.5% |
| Income taxes | 67/77 | €15,334 | €20,343 | +€5,009 | +32.7% |
| Profit (loss) for the period | 9904 | €48,395 | €50,076 | +€1,680 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,395 | €50,076 | +€1,680 | +3.5% |
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 25 October 2026 via checked.be.