ZELCO LOGISTIQUE: 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.
ZELCO LOGISTIQUE
Largest movements
- Stocks and contracts -€26,000
down €26,000 (-65.8%), from €39,500 to €13,500
- Cash +€14,449
up €14,449 (+221%), from €6,534 to €20,983
mainly Stocks and contracts (+€26,000) and Receivables within one year (+€11,885)
- Receivables within one year -€11,885
down €11,885 (-12.4%), from €95,874 to €83,989
- Other debts -€13,339
down €13,339 (-54.0%), from €24,707 to €11,368
- Tax, wage and social debts -€12,186
down €12,186 (-58.8%), from €20,724 to €8,539
- Profit (loss) carried forward +€6,074
up €6,074 (+22.6%), from €26,920 to €32,994
- Trade debts -€5,022
down €5,022 (-78.0%), from €6,436 to €1,415
- Gross operating margin -€44,585
down €44,585 (-82.2%), from €54,250 to €9,665
- Taxes -€10,219
down €10,219 (-79.8%), from €12,806 to €2,587
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 | €143,173 | €119,376 | -€23,796 | -16.6% |
| Fixed assets | 21/28 | €450 | €450 | = | 0.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €142,723 | €118,926 | -€23,796 | -16.7% |
| Stocks and contracts in progress | 3 | €39,500 | €13,500 | -€26,000 | -65.8% |
| Stocks | 30/36 | €39,500 | €13,500 | -€26,000 | -65.8% |
| Amounts receivable within one year | 40/41 | €95,874 | €83,989 | -€11,885 | -12.4% |
| Trade receivables | 40 | €95,874 | €83,989 | -€11,885 | -12.4% |
| Cash at bank and in hand | 54/58 | €6,534 | €20,983 | +€14,449 | +221% |
| Deferred charges and accrued income | 490/1 | €814 | €454 | -€361 | -44.3% |
| Total equity and liabilities | 10/49 | €143,173 | €119,376 | -€23,796 | -16.6% |
| Equity | 10/15 | €91,305 | €98,055 | +€6,749 | +7.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,386 | €3,061 | +€675 | +28.3% |
| Non-distributable reserves | 130/1 | €2,386 | €3,061 | +€675 | +28.3% |
| Legal reserve | 130 | €2,386 | €3,061 | +€675 | +28.3% |
| Profit (loss) carried forward | 14 | €26,920 | €32,994 | +€6,074 | +22.6% |
| Amounts payable | 17/49 | €51,867 | €21,322 | -€30,546 | -58.9% |
| Amounts payable within one year | 42/48 | €51,867 | €21,322 | -€30,546 | -58.9% |
| Trade debts | 44 | €6,436 | €1,415 | -€5,022 | -78.0% |
| Suppliers | 440/4 | €6,436 | €1,415 | -€5,022 | -78.0% |
| Taxes, remuneration and social security | 45 | €20,724 | €8,539 | -€12,186 | -58.8% |
| Taxes | 450/3 | €20,724 | €8,539 | -€12,186 | -58.8% |
| Other amounts payable | 47/48 | €24,707 | €11,368 | -€13,339 | -54.0% |
| Other operating charges | 640/8 | - | €110 | +€110 | |
| Gross operating margin | 9900 | €54,250 | €9,665 | -€44,585 | -82.2% |
| Operating profit (loss) | 9901 | €54,250 | €9,555 | -€44,695 | -82.4% |
| Financial charges | 65/66B | €259 | €219 | -€39 | -15.2% |
| Recurring financial charges | 65 | €259 | €219 | -€39 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €53,992 | €9,336 | -€44,656 | -82.7% |
| Income taxes | 67/77 | €12,806 | €2,587 | -€10,219 | -79.8% |
| Profit (loss) for the period | 9904 | €41,186 | €6,749 | -€34,437 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,186 | €6,749 | -€34,437 | -83.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.