Zedelfa: what changed
Two fiscal 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.
Zedelfa
Largest movements
- Cash +€27,959
up €27,959 (+72.8%), from €38,385 to €66,344
mainly Other debts (+€16,454) and Net result for the year (+€15,049)
- Tangible fixed assets -€1,264
down €1,264 (-8.9%), from €14,249 to €12,985
- Other debts +€16,454
up €16,454 (+45.5%), from €36,142 to €52,595
- Reserves +€14,500
up €14,500 (+100.3%), from €14,451 to €28,951
- Tax, wage and social debts -€5,419
down €5,419 (-68.4%), from €7,928 to €2,509
- Gross operating margin +€1,773
up €1,773 (+7.0%), from €25,230 to €27,003
- Depreciation +€1,447
up €1,447 (+59.9%), from €2,417 to €3,864
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,624 | €91,128 | +€26,504 | +41.0% |
| Fixed assets | 21/28 | €14,249 | €12,985 | -€1,264 | -8.9% |
| Tangible fixed assets | 22/27 | €14,249 | €12,985 | -€1,264 | -8.9% |
| Furniture and vehicles | 24 | €14,249 | €12,985 | -€1,264 | -8.9% |
| Current assets | 29/58 | €50,375 | €78,143 | +€27,768 | +55.1% |
| Amounts receivable within one year | 40/41 | €11,878 | €11,678 | -€200 | -1.7% |
| Trade receivables | 40 | €11,876 | €9,777 | -€2,100 | -17.7% |
| Other amounts receivable | 41 | €2 | €1,901 | +€1,900 | +119471.1% |
| Cash at bank and in hand | 54/58 | €38,385 | €66,344 | +€27,959 | +72.8% |
| Deferred charges and accrued income | 490/1 | €112 | €121 | +€9 | +8.0% |
| Total equity and liabilities | 10/49 | €64,624 | €91,128 | +€26,504 | +41.0% |
| Equity | 10/15 | €20,255 | €35,305 | +€15,049 | +74.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,451 | €28,951 | +€14,500 | +100.3% |
| Distributable reserves | 133 | €14,451 | €28,951 | +€14,500 | +100.3% |
| Profit (loss) carried forward | 14 | €804 | €1,354 | +€549 | +68.3% |
| Amounts payable | 17/49 | €44,369 | €55,824 | +€11,454 | +25.8% |
| Amounts payable within one year | 42/48 | €44,369 | €55,685 | +€11,315 | +25.5% |
| Trade debts | 44 | €299 | €580 | +€281 | +93.8% |
| Suppliers | 440/4 | €299 | €580 | +€281 | +93.8% |
| Taxes, remuneration and social security | 45 | €7,928 | €2,509 | -€5,419 | -68.4% |
| Taxes | 450/3 | €7,928 | €2,509 | -€5,419 | -68.4% |
| Other amounts payable | 47/48 | €36,142 | €52,595 | +€16,454 | +45.5% |
| Accrued charges and deferred income | 492/3 | - | €139 | +€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,417 | €3,864 | +€1,447 | +59.9% |
| Other operating charges | 640/8 | €634 | €665 | +€31 | +4.9% |
| Gross operating margin | 9900 | €25,230 | €27,003 | +€1,773 | +7.0% |
| Operating profit (loss) | 9901 | €22,180 | €22,475 | +€295 | +1.3% |
| Financial income | 75/76B | €1 | €0 | -€0 | -47.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -47.8% |
| Financial charges | 65/66B | €1,779 | €1,814 | +€34 | +1.9% |
| Recurring financial charges | 65 | €1,779 | €1,814 | +€34 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €20,401 | €20,662 | +€261 | +1.3% |
| Income taxes | 67/77 | €5,646 | €5,612 | -€33 | -0.6% |
| Profit (loss) for the period | 9904 | €14,755 | €15,049 | +€294 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,755 | €15,049 | +€294 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.