Zelf: 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.
Zelf
Largest movements
- Tangible fixed assets -€19,373
no longer reported in 2025 (was €19,373)
of which Other tangible fixed assets: -€11,190
- Cash -€3,646
down €3,646 (-80.6%), from €4,525 to €879
mainly Net result for the year (-€16,305) and Current portion of long-term debt (-€6,214)
- Receivables within one year +€1,245
up €1,245 (+28.7%), from €4,334 to €5,580
- Profit (loss) carried forward -€16,305
down €16,305, from €105 to -€16,200
- Current portion of long-term debt -€6,214
no longer reported in 2025 (was €6,214)
- Other debts +€4,594
up €4,594 (+62.2%), from €7,387 to €11,981
- Debts after one year -€4,404
no longer reported in 2025 (was €4,404)
- Trade debts +€484
new in 2025: €484
- Depreciation +€15,378
up €15,378 (+385.0%), from €3,995 to €19,373
- Financial charges +€1,545
up €1,545 (+269.2%), from €574 to €2,119
- Other operating charges +€420
up €420 (+227.2%), from €185 to €605
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.
Cash bridge derived
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 | €28,232 | €6,459 | -€21,773 | -77.1% |
| Fixed assets | 21/28 | €19,373 | - | -€19,373 | |
| Tangible fixed assets | 22/27 | €19,373 | - | -€19,373 | |
| Plant, machinery and equipment | 23 | €7,315 | - | -€7,315 | |
| Furniture and vehicles | 24 | €868 | - | -€868 | |
| Other tangible fixed assets | 26 | €11,190 | - | -€11,190 | |
| Current assets | 29/58 | €8,859 | €6,459 | -€2,400 | -27.1% |
| Amounts receivable within one year | 40/41 | €4,334 | €5,580 | +€1,245 | +28.7% |
| Trade receivables | 40 | €4,334 | €5,580 | +€1,245 | +28.7% |
| Cash at bank and in hand | 54/58 | €4,525 | €879 | -€3,646 | -80.6% |
| Total equity and liabilities | 10/49 | €28,232 | €6,459 | -€21,773 | -77.1% |
| Equity | 10/15 | €10,105 | -€6,200 | -€16,305 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105 | -€16,200 | -€16,305 | |
| Amounts payable | 17/49 | €18,126 | €12,659 | -€5,468 | -30.2% |
| Amounts payable after more than one year | 17 | €4,404 | - | -€4,404 | |
| Financial debts | 170/4 | €4,404 | - | -€4,404 | |
| Amounts payable within one year | 42/48 | €13,722 | €12,659 | -€1,064 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €6,214 | - | -€6,214 | |
| Trade debts | 44 | - | €484 | +€484 | |
| Suppliers | 440/4 | - | €484 | +€484 | |
| Taxes, remuneration and social security | 45 | €122 | €194 | +€72 | +59.4% |
| Taxes | 450/3 | €122 | €194 | +€72 | +59.4% |
| Other amounts payable | 47/48 | €7,387 | €11,981 | +€4,594 | +62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,995 | €19,373 | +€15,378 | +385.0% |
| Other operating charges | 640/8 | €185 | €605 | +€420 | +227.2% |
| Gross operating margin | 9900 | €5,770 | €5,792 | +€22 | +0.4% |
| Operating profit (loss) | 9901 | €1,591 | -€14,186 | -€15,777 | |
| Financial charges | 65/66B | €574 | €2,119 | +€1,545 | +269.2% |
| Recurring financial charges | 65 | €574 | €2,119 | +€1,545 | +269.2% |
| Profit (loss) for the period before taxes | 9903 | €1,017 | -€16,305 | -€17,322 | |
| Profit (loss) for the period | 9904 | €1,017 | -€16,305 | -€17,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,017 | -€16,305 | -€17,322 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.