ZED-CONSULTING: 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.
ZED-CONSULTING
Largest movements
- Tangible fixed assets +€84,209
up €84,209 (+635%), from €13,266 to €97,475
of which Furniture and vehicles: +€82,651
- Cash -€48,642
down €48,642 (-88.5%), from €54,975 to €6,333
mainly Investment in fixed assets (net) (-€101,450) and Other debts (-€6,707)
- Deferred charges and accrued income -€1,589
down €1,589 (-53.8%), from €2,951 to €1,362
- Debts after one year +€36,767
new in 2025: €36,767
- Short-term financial debts +€13,765
up €13,765 (+52.4%), from €26,264 to €40,028
- Other debts -€6,707
down €6,707 (-44.0%), from €15,239 to €8,532
- Profit (loss) carried forward -€5,683
down €5,683 (-80.3%), from -€7,078 to -€12,761
- Tax, wage and social debts -€5,530
down €5,530 (-43.8%), from €12,637 to €7,107
of which Remuneration and social security: -€11,851
- Gross operating margin -€43,997
down €43,997 (-61.4%), from €71,693 to €27,696
- Depreciation +€14,640
up €14,640 (+563%), from €2,601 to €17,241
- Taxes -€7,203
down €7,203 (-59.0%), from €12,207 to €5,003
- Other operating charges -€2,102
down €2,102 (-29.1%), from €7,235 to €5,132
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 | €125,668 | €158,714 | +€33,047 | +26.3% |
| Fixed assets | 21/28 | €13,266 | €97,475 | +€84,209 | +635% |
| Tangible fixed assets | 22/27 | €13,266 | €97,475 | +€84,209 | +635% |
| Land and buildings | 22 | €10,747 | €9,347 | -€1,400 | -13.0% |
| Plant, machinery and equipment | 23 | €2,108 | €5,382 | +€3,274 | +155% |
| Furniture and vehicles | 24 | - | €82,651 | +€82,651 | |
| Other tangible fixed assets | 26 | €412 | €96 | -€316 | -76.7% |
| Current assets | 29/58 | €112,401 | €61,239 | -€51,162 | -45.5% |
| Amounts receivable after more than one year | 29 | €26,000 | €26,000 | = | 0.0% |
| Other amounts receivable | 291 | €26,000 | €26,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,475 | €27,544 | -€931 | -3.3% |
| Trade receivables | 40 | €9,721 | €3,709 | -€6,012 | -61.8% |
| Other amounts receivable | 41 | €18,755 | €23,835 | +€5,080 | +27.1% |
| Cash at bank and in hand | 54/58 | €54,975 | €6,333 | -€48,642 | -88.5% |
| Deferred charges and accrued income | 490/1 | €2,951 | €1,362 | -€1,589 | -53.8% |
| Total equity and liabilities | 10/49 | €125,668 | €158,714 | +€33,047 | +26.3% |
| Equity | 10/15 | €63,585 | €57,901 | -€5,683 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,063 | €52,063 | = | 0.0% |
| Distributable reserves | 133 | €52,063 | €52,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,078 | -€12,761 | -€5,683 | -80.3% |
| Amounts payable | 17/49 | €62,083 | €100,813 | +€38,730 | +62.4% |
| Amounts payable after more than one year | 17 | - | €36,767 | +€36,767 | |
| Financial debts | 170/4 | - | €36,767 | +€36,767 | |
| Amounts payable within one year | 42/48 | €62,083 | €64,046 | +€1,963 | +3.2% |
| Financial debts | 43 | €26,264 | €40,028 | +€13,765 | +52.4% |
| Credit institutions | 430/8 | €26,264 | €40,028 | +€13,765 | +52.4% |
| Trade debts | 44 | €7,943 | €8,378 | +€435 | +5.5% |
| Suppliers | 440/4 | €7,943 | €8,378 | +€435 | +5.5% |
| Taxes, remuneration and social security | 45 | €12,637 | €7,107 | -€5,530 | -43.8% |
| Taxes | 450/3 | €786 | €7,107 | +€6,321 | +804% |
| Remuneration and social security | 454/9 | €11,851 | - | -€11,851 | |
| Other amounts payable | 47/48 | €15,239 | €8,532 | -€6,707 | -44.0% |
| Non-recurring operating income | 76A | €53,719 | - | -€53,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,601 | €17,241 | +€14,640 | +563% |
| Other operating charges | 640/8 | €7,235 | €5,132 | -€2,102 | -29.1% |
| Gross operating margin | 9900 | €71,693 | €27,696 | -€43,997 | -61.4% |
| Operating profit (loss) | 9901 | €61,857 | €5,323 | -€56,534 | -91.4% |
| Financial income | 75/76B | €375 | €526 | +€151 | +40.4% |
| Recurring financial income | 75 | €375 | €526 | +€151 | +40.4% |
| Financial charges | 65/66B | €6,916 | €6,528 | -€387 | -5.6% |
| Recurring financial charges | 65 | €6,916 | €6,528 | -€387 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €55,316 | -€680 | -€55,996 | |
| Income taxes | 67/77 | €12,207 | €5,003 | -€7,203 | -59.0% |
| Profit (loss) for the period | 9904 | €43,110 | -€5,683 | -€48,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,110 | -€5,683 | -€48,793 |
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 18 October 2026 via checked.be.