ZEELRONY: 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.
ZEELRONY
Largest movements
- Tangible fixed assets -€23,726
down €23,726 (-6.0%), from €394,183 to €370,457
of which Land and buildings: -€18,951
- Receivables within one year -€6,247
down €6,247 (-11.5%), from €54,281 to €48,034
of which Trade receivables: -€17,169
- Trade debts -€18,158
down €18,158 (-84.5%), from €21,484 to €3,327
- Profit (loss) carried forward -€10,751
down €10,751 (-3.2%), from -€338,301 to -€349,052
- Debts after one year -€9,495
down €9,495 (-1.5%), from €635,080 to €625,586
- Depreciation -€4,170
down €4,170 (-14.8%), from €28,109 to €23,939
- Gross operating margin +€3,644
up €3,644 (+33.8%), from €10,787 to €14,431
- Other operating charges +€1,331
up €1,331 (+162%), from €824 to €2,155
- Financial charges +€742
up €742 (+161%), from €459 to €1,201
- Financial income +€425
up €425 (+23.4%), from €1,820 to €2,245
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 | €453,590 | €423,059 | -€30,532 | -6.7% |
| Fixed assets | 21/28 | €394,396 | €370,457 | -€23,939 | -6.1% |
| Intangible fixed assets | 21 | €213 | €0 | -€213 | -100% |
| Tangible fixed assets | 22/27 | €394,183 | €370,457 | -€23,726 | -6.0% |
| Land and buildings | 22 | €389,394 | €370,443 | -€18,951 | -4.9% |
| Furniture and vehicles | 24 | €4,789 | €14 | -€4,775 | -99.7% |
| Current assets | 29/58 | €59,195 | €52,602 | -€6,593 | -11.1% |
| Amounts receivable within one year | 40/41 | €54,281 | €48,034 | -€6,247 | -11.5% |
| Trade receivables | 40 | €17,169 | €0 | -€17,169 | -100% |
| Other amounts receivable | 41 | €37,112 | €48,034 | +€10,922 | +29.4% |
| Cash at bank and in hand | 54/58 | €4,914 | €4,568 | -€346 | -7.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €453,590 | €423,059 | -€30,532 | -6.7% |
| Equity | 10/15 | -€319,701 | -€330,452 | -€10,751 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€338,301 | -€349,052 | -€10,751 | -3.2% |
| Amounts payable | 17/49 | €773,291 | €753,510 | -€19,781 | -2.6% |
| Amounts payable after more than one year | 17 | €635,080 | €625,586 | -€9,495 | -1.5% |
| Financial debts | 170/4 | €635,080 | €625,586 | -€9,495 | -1.5% |
| Amounts payable within one year | 42/48 | €138,210 | €127,924 | -€10,286 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €2,031 | €3,755 | +€1,724 | +84.9% |
| Financial debts | 43 | - | €2,150 | +€2,150 | |
| Credit institutions | 430/8 | - | €2,150 | +€2,150 | |
| Trade debts | 44 | €21,484 | €3,327 | -€18,158 | -84.5% |
| Suppliers | 440/4 | €21,484 | €3,327 | -€18,158 | -84.5% |
| Taxes, remuneration and social security | 45 | €29 | €3,026 | +€2,997 | +10,253% |
| Taxes | 450/3 | €29 | €3,026 | +€2,997 | +10,253% |
| Other amounts payable | 47/48 | €114,666 | €115,666 | +€1,000 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,109 | €23,939 | -€4,170 | -14.8% |
| Other operating charges | 640/8 | €824 | €2,155 | +€1,331 | +162% |
| Gross operating margin | 9900 | €10,787 | €14,431 | +€3,644 | +33.8% |
| Operating profit (loss) | 9901 | -€18,145 | -€11,663 | +€6,482 | +35.7% |
| Financial income | 75/76B | €1,820 | €2,245 | +€425 | +23.4% |
| Recurring financial income | 75 | €1,820 | €2,245 | +€425 | +23.4% |
| Financial charges | 65/66B | €459 | €1,201 | +€742 | +161% |
| Recurring financial charges | 65 | €459 | €1,201 | +€742 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€16,785 | -€10,619 | +€6,166 | +36.7% |
| Income taxes | 67/77 | €144 | €132 | -€12 | -8.3% |
| Profit (loss) for the period | 9904 | -€16,929 | -€10,751 | +€6,178 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,929 | -€10,751 | +€6,178 | +36.5% |
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 14 October 2026 via checked.be.