ZEE TELECOM: 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.
ZEE TELECOM
Largest movements
- Stocks and contracts +€13,274
up €13,274 (+15.8%), from €83,966 to €97,240
- Cash +€6,020
up €6,020 (+54.6%), from €11,024 to €17,044
mainly Trade debts (+€11,851) and Net result for the year (+€5,947)
- Receivables within one year +€4,543
up €4,543 (+359%), from €1,266 to €5,809
of which Trade receivables: +€4,310
- Tangible fixed assets -€2,800
down €2,800 (-66.6%), from €4,204 to €1,404
- Trade debts +€11,851
up €11,851 (+560%), from €2,118 to €13,969
- Profit (loss) carried forward +€5,947
up €5,947 (+9.6%), from €62,179 to €68,126
- Tax, wage and social debts +€3,239
up €3,239 (+27.9%), from €11,610 to €14,849
- Gross operating margin +€50,934
up €50,934 (+426%), from €11,968 to €62,902
- Purchases and services -€41,358
down €41,358 (-28.1%), from €147,320 to €105,962
- Staff costs +€40,800
new in 2025: €40,800
- Turnover +€9,576
up €9,576 (+6.0%), from €159,288 to €168,864
- Other operating charges +€7,463
up €7,463 (+1,330%), from €561 to €8,024
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 | €100,460 | €121,497 | +€21,037 | +20.9% |
| Fixed assets | 21/28 | €4,204 | €1,404 | -€2,800 | -66.6% |
| Tangible fixed assets | 22/27 | €4,204 | €1,404 | -€2,800 | -66.6% |
| Furniture and vehicles | 24 | €4,204 | €1,404 | -€2,800 | -66.6% |
| Current assets | 29/58 | €96,256 | €120,093 | +€23,837 | +24.8% |
| Stocks and contracts in progress | 3 | €83,966 | €97,240 | +€13,274 | +15.8% |
| Stocks | 30/36 | €83,966 | €97,240 | +€13,274 | +15.8% |
| Amounts receivable within one year | 40/41 | €1,266 | €5,809 | +€4,543 | +359% |
| Trade receivables | 40 | €1,266 | €5,576 | +€4,310 | +340% |
| Other amounts receivable | 41 | - | €233 | +€233 | |
| Cash at bank and in hand | 54/58 | €11,024 | €17,044 | +€6,020 | +54.6% |
| Total equity and liabilities | 10/49 | €100,460 | €121,497 | +€21,037 | +20.9% |
| Equity | 10/15 | €85,398 | €91,345 | +€5,947 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €4,619 | €4,619 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,619 | €4,619 | = | 0.0% |
| Legal reserve | 130 | €4,619 | - | -€4,619 | |
| Reserves not available under the articles | 1311 | - | €4,619 | +€4,619 | |
| Profit (loss) carried forward | 14 | €62,179 | €68,126 | +€5,947 | +9.6% |
| Amounts payable | 17/49 | €15,062 | €30,152 | +€15,090 | +100% |
| Amounts payable within one year | 42/48 | €15,062 | €30,152 | +€15,090 | +100% |
| Trade debts | 44 | €2,118 | €13,969 | +€11,851 | +560% |
| Suppliers | 440/4 | €2,118 | €13,969 | +€11,851 | +560% |
| Taxes, remuneration and social security | 45 | €11,610 | €14,849 | +€3,239 | +27.9% |
| Taxes | 450/3 | €11,610 | €14,849 | +€3,239 | +27.9% |
| Other amounts payable | 47/48 | €1,334 | €1,334 | = | 0.0% |
| Turnover | 70 | €159,288 | €168,864 | +€9,576 | +6.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €147,320 | €105,962 | -€41,358 | -28.1% |
| Remuneration, social security and pensions | 62 | - | €40,800 | +€40,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,866 | €2,800 | -€66 | -2.3% |
| Other operating charges | 640/8 | €561 | €8,024 | +€7,463 | +1,330% |
| Gross operating margin | 9900 | €11,968 | €62,902 | +€50,934 | +426% |
| Operating profit (loss) | 9901 | €8,541 | €11,278 | +€2,737 | +32.0% |
| Financial charges | 65/66B | €3,795 | €3,844 | +€49 | +1.3% |
| Recurring financial charges | 65 | €3,795 | €3,844 | +€49 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €4,746 | €7,434 | +€2,688 | +56.6% |
| Income taxes | 67/77 | - | €1,487 | +€1,487 | |
| Profit (loss) for the period | 9904 | €4,746 | €5,947 | +€1,201 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,746 | €5,947 | +€1,201 | +25.3% |
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 23 October 2026 via checked.be.