ZELE CONCEPT: 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.
ZELE CONCEPT
Largest movements
- Cash -€47,423
down €47,423 (-99.9%), from €47,460 to €36
mainly Other debts (-€58,824) and Trade debts (-€17,192)
- Receivables within one year +€5,600
up €5,600 (+4.1%), from €135,994 to €141,594
of which Trade receivables: +€25,498
- Other debts -€58,824
no longer reported in 2025 (was €58,824)
- Profit (loss) carried forward +€37,041
up €37,041 (+51.0%), from €72,606 to €109,647
- Trade debts -€17,192
down €17,192 (-52.3%), from €32,865 to €15,673
- Tax, wage and social debts -€4,335
down €4,335 (-23.2%), from €18,682 to €14,347
- Gross operating margin +€14,022
up €14,022 (+34.2%), from €41,041 to €55,063
- Taxes +€6,031
up €6,031 (+72.5%), from €8,316 to €14,347
- Other operating charges +€1,054
up €1,054 (+442%), from €238 to €1,293
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 | €187,977 | €144,667 | -€43,309 | -23.0% |
| Fixed assets | 21/28 | €2,403 | €1,530 | -€873 | -36.3% |
| Tangible fixed assets | 22/27 | €2,403 | €1,530 | -€873 | -36.3% |
| Plant, machinery and equipment | 23 | €2,045 | €1,450 | -€595 | -29.1% |
| Furniture and vehicles | 24 | €357 | €79 | -€278 | -77.8% |
| Current assets | 29/58 | €185,574 | €143,138 | -€42,436 | -22.9% |
| Amounts receivable within one year | 40/41 | €135,994 | €141,594 | +€5,600 | +4.1% |
| Trade receivables | 40 | €13,470 | €38,968 | +€25,498 | +189% |
| Other amounts receivable | 41 | €122,524 | €102,625 | -€19,898 | -16.2% |
| Cash at bank and in hand | 54/58 | €47,460 | €36 | -€47,423 | -99.9% |
| Deferred charges and accrued income | 490/1 | €2,120 | €1,508 | -€613 | -28.9% |
| Total equity and liabilities | 10/49 | €187,977 | €144,667 | -€43,309 | -23.0% |
| Equity | 10/15 | €77,606 | €114,647 | +€37,041 | +47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,606 | €109,647 | +€37,041 | +51.0% |
| Amounts payable | 17/49 | €110,371 | €30,020 | -€80,351 | -72.8% |
| Amounts payable within one year | 42/48 | €110,371 | €30,020 | -€80,351 | -72.8% |
| Trade debts | 44 | €32,865 | €15,673 | -€17,192 | -52.3% |
| Suppliers | 440/4 | €32,865 | €15,673 | -€17,192 | -52.3% |
| Taxes, remuneration and social security | 45 | €18,682 | €14,347 | -€4,335 | -23.2% |
| Taxes | 450/3 | €18,682 | €14,347 | -€4,335 | -23.2% |
| Other amounts payable | 47/48 | €58,824 | - | -€58,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €873 | = | 0.0% |
| Other operating charges | 640/8 | €238 | €1,293 | +€1,054 | +442% |
| Gross operating margin | 9900 | €41,041 | €55,063 | +€14,022 | +34.2% |
| Operating profit (loss) | 9901 | €39,930 | €52,897 | +€12,968 | +32.5% |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €1,769 | €1,510 | -€260 | -14.7% |
| Recurring financial charges | 65 | €1,769 | €1,510 | -€260 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €38,261 | €51,388 | +€13,127 | +34.3% |
| Income taxes | 67/77 | €8,316 | €14,347 | +€6,031 | +72.5% |
| Profit (loss) for the period | 9904 | €29,946 | €37,041 | +€7,095 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,946 | €37,041 | +€7,095 | +23.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.