ZeBond Consulting: what changed
ZeBond Consulting
Largest movements
- Receivables within one year -€26,368
down €26,368 (-43.3%), from €60,869 to €34,500
of which Trade receivables: -€27,887
- Cash +€14,649
up €14,649 (+41.0%), from €35,689 to €50,338
mainly Receivables within one year (+€26,368) and Net result for the year (+€15,314)
- Tangible fixed assets -€3,148
down €3,148 (-38.4%), from €8,188 to €5,041
- Profit (loss) carried forward -€29,412
down €29,412 (-86.1%), from €34,164 to €4,753
- Reserves +€15,314
up €15,314 (+26.4%), from €58,056 to €73,370
- Current portion of long-term debt -€2,660
down €2,660 (-100%), from €2,660 to €0
- Tax, wage and social debts +€1,612
up €1,612 (+22.1%), from €7,300 to €8,912
- Gross operating margin -€20,746
down €20,746 (-42.4%), from €48,874 to €28,129
- Taxes -€1,286
down €1,286 (-13.5%), from €9,550 to €8,264
- Other operating charges -€578
down €578 (-34.8%), from €1,663 to €1,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,407 | €90,284 | -€15,123 | -14.3% |
| Fixed assets | 21/28 | €8,188 | €5,041 | -€3,148 | -38.4% |
| Tangible fixed assets | 22/27 | €8,188 | €5,041 | -€3,148 | -38.4% |
| Furniture and vehicles | 24 | €8,188 | €5,041 | -€3,148 | -38.4% |
| Current assets | 29/58 | €97,219 | €85,243 | -€11,976 | -12.3% |
| Amounts receivable within one year | 40/41 | €60,869 | €34,500 | -€26,368 | -43.3% |
| Trade receivables | 40 | €36,226 | €8,339 | -€27,887 | -77.0% |
| Other amounts receivable | 41 | €24,643 | €26,162 | +€1,519 | +6.2% |
| Cash at bank and in hand | 54/58 | €35,689 | €50,338 | +€14,649 | +41.0% |
| Deferred charges and accrued income | 490/1 | €661 | €405 | -€256 | -38.8% |
| Total equity and liabilities | 10/49 | €105,407 | €90,284 | -€15,123 | -14.3% |
| Equity | 10/15 | €95,220 | €81,122 | -€14,098 | -14.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €58,056 | €73,370 | +€15,314 | +26.4% |
| Distributable reserves | 133 | €58,056 | €73,370 | +€15,314 | +26.4% |
| Profit (loss) carried forward | 14 | €34,164 | €4,753 | -€29,412 | -86.1% |
| Amounts payable | 17/49 | €10,187 | €9,162 | -€1,026 | -10.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,187 | €9,162 | -€1,026 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €2,660 | €0 | -€2,660 | -100% |
| Trade debts | 44 | €227 | €249 | +€23 | +10.0% |
| Suppliers | 440/4 | €227 | €249 | +€23 | +10.0% |
| Taxes, remuneration and social security | 45 | €7,300 | €8,912 | +€1,612 | +22.1% |
| Taxes | 450/3 | €7,300 | €8,912 | +€1,612 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,306 | €3,354 | +€48 | +1.5% |
| Other operating charges | 640/8 | €1,663 | €1,085 | -€578 | -34.8% |
| Gross operating margin | 9900 | €48,874 | €28,129 | -€20,746 | -42.4% |
| Operating profit (loss) | 9901 | €43,905 | €23,689 | -€20,216 | -46.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €191 | €111 | -€80 | -41.8% |
| Recurring financial charges | 65 | €191 | €111 | -€80 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €43,714 | €23,578 | -€20,136 | -46.1% |
| Income taxes | 67/77 | €9,550 | €8,264 | -€1,286 | -13.5% |
| Profit (loss) for the period | 9904 | €34,164 | €15,314 | -€18,850 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,164 | €15,314 | -€18,850 | -55.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.