ZELF JL: 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.
ZELF JL
Largest movements
- Cash +€65,032
up €65,032 (+219%), from €29,640 to €94,672
mainly Net result for the year (+€55,542) and Tax, wage and social debts (+€12,608)
- Reserves +€55,542
up €55,542 (+677%), from €8,208 to €63,750
- Tax, wage and social debts +€12,608
up €12,608 (+212%), from €5,948 to €18,556
- Other debts -€4,894
down €4,894 (-38.9%), from €12,576 to €7,682
- Trade debts +€1,846
up €1,846 (+73.7%), from €2,504 to €4,350
- Gross operating margin +€39,825
up €39,825 (+89.6%), from €44,458 to €84,283
- Taxes +€23,821
up €23,821 (+598%), from €3,982 to €27,803
- Depreciation -€3,269
down €3,269 (-100%), from €3,269 to €0
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 | €34,236 | €99,338 | +€65,102 | +190% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €34,236 | €99,338 | +€65,102 | +190% |
| Amounts receivable within one year | 40/41 | €3,461 | €3,461 | = | 0.0% |
| Trade receivables | 40 | €3,461 | €3,461 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,640 | €94,672 | +€65,032 | +219% |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,205 | +€69 | +6.1% |
| Total equity and liabilities | 10/49 | €34,236 | €99,338 | +€65,102 | +190% |
| Equity | 10/15 | €13,208 | €68,750 | +€55,542 | +421% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,208 | €63,750 | +€55,542 | +677% |
| Distributable reserves | 133 | €8,208 | €63,750 | +€55,542 | +677% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €21,028 | €30,588 | +€9,560 | +45.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €21,028 | €30,588 | +€9,560 | +45.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,504 | €4,350 | +€1,846 | +73.7% |
| Suppliers | 440/4 | €2,504 | €4,350 | +€1,846 | +73.7% |
| Taxes, remuneration and social security | 45 | €5,948 | €18,556 | +€12,608 | +212% |
| Taxes | 450/3 | €5,948 | €18,556 | +€12,608 | +212% |
| Other amounts payable | 47/48 | €12,576 | €7,682 | -€4,894 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,269 | €0 | -€3,269 | -100% |
| Other operating charges | 640/8 | €1,080 | €591 | -€489 | -45.3% |
| Gross operating margin | 9900 | €44,458 | €84,283 | +€39,825 | +89.6% |
| Operating profit (loss) | 9901 | €40,109 | €83,692 | +€43,583 | +109% |
| Financial charges | 65/66B | €477 | €347 | -€131 | -27.4% |
| Recurring financial charges | 65 | €477 | €347 | -€131 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €39,631 | €83,345 | +€43,714 | +110% |
| Income taxes | 67/77 | €3,982 | €27,803 | +€23,821 | +598% |
| Profit (loss) for the period | 9904 | €35,649 | €55,542 | +€19,893 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,649 | €55,542 | +€19,893 | +55.8% |
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 22 October 2026 via checked.be.