ZELI: 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.
ZELI
Largest movements
- Tangible fixed assets +€7,094
up €7,094 (+8.1%), from €87,222 to €94,316
of which Furniture and vehicles: +€18,400
- Cash -€6,794
down €6,794 (-85.7%), from €7,926 to €1,132
mainly Other debts (-€91,556) and Investment in fixed assets (net) (-€19,916)
- Receivables within one year -€2,705
down €2,705 (-87.7%), from €3,084 to €379
of which Other amounts receivable: -€1,476
- Stocks and contracts -€1,741
no longer reported in 2024 (was €1,741)
- Other debts -€91,556
no longer reported in 2024 (was €91,556)
- Profit (loss) carried forward +€34,832
up €34,832 (+70.8%), from -€49,208 to -€14,376
- Debts after one year +€28,680
new in 2024: €28,680
- Current portion of long-term debt +€14,857
new in 2024: €14,857
- Tax, wage and social debts +€12,844
up €12,844 (+112.2%), from €11,452 to €24,296
of which Taxes: +€14,545
- Gross operating margin +€14,446
up €14,446 (+15.1%), from €95,460 to €109,907
- Staff costs +€13,310
up €13,310 (+75.4%), from €17,662 to €30,972
- Taxes +€9,694
up €9,694 (+197.0%), from €4,920 to €14,613
- Purchases and services -€6,098
down €6,098 (-1.4%), from €427,371 to €421,273
- Depreciation +€1,437
up €1,437 (+12.6%), from €11,385 to €12,822
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,723 | €108,578 | -€4,145 | -3.7% |
| Fixed assets | 21/28 | €99,972 | €107,066 | +€7,094 | +7.1% |
| Tangible fixed assets | 22/27 | €87,222 | €94,316 | +€7,094 | +8.1% |
| Land and buildings | 22 | €4,822 | €3,616 | -€1,205 | -25.0% |
| Plant, machinery and equipment | 23 | €82,322 | €72,221 | -€10,101 | -12.3% |
| Furniture and vehicles | 24 | €79 | €18,479 | +€18,400 | +23294.4% |
| Financial fixed assets | 28 | €12,750 | €12,750 | = | 0.0% |
| Current assets | 29/58 | €12,751 | €1,512 | -€11,239 | -88.1% |
| Stocks and contracts in progress | 3 | €1,741 | - | -€1,741 | |
| Stocks | 30/36 | €1,741 | - | -€1,741 | |
| Amounts receivable within one year | 40/41 | €3,084 | €379 | -€2,705 | -87.7% |
| Trade receivables | 40 | €1,229 | - | -€1,229 | |
| Other amounts receivable | 41 | €1,855 | €379 | -€1,476 | -79.6% |
| Cash at bank and in hand | 54/58 | €7,926 | €1,132 | -€6,794 | -85.7% |
| Total equity and liabilities | 10/49 | €112,723 | €108,578 | -€4,145 | -3.7% |
| Equity | 10/15 | -€28,375 | €6,458 | +€34,832 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,234 | €2,234 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112 | €112 | = | 0.0% |
| Reserves not available under the articles | 1311 | €112 | €112 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,122 | €2,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,208 | -€14,376 | +€34,832 | +70.8% |
| Amounts payable | 17/49 | €141,098 | €102,120 | -€38,978 | -27.6% |
| Amounts payable after more than one year | 17 | - | €28,680 | +€28,680 | |
| Financial debts | 170/4 | - | €28,680 | +€28,680 | |
| Amounts payable within one year | 42/48 | €141,098 | €73,440 | -€67,658 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | - | €14,857 | +€14,857 | |
| Trade debts | 44 | €38,091 | €34,287 | -€3,803 | -10.0% |
| Suppliers | 440/4 | €38,091 | €34,287 | -€3,803 | -10.0% |
| Taxes, remuneration and social security | 45 | €11,452 | €24,296 | +€12,844 | +112.2% |
| Taxes | 450/3 | €9,603 | €24,148 | +€14,545 | +151.5% |
| Remuneration and social security | 454/9 | €1,848 | €148 | -€1,700 | -92.0% |
| Other amounts payable | 47/48 | €91,556 | - | -€91,556 | |
| Goods, raw materials, services and sundry goods | 60/61 | €427,371 | €421,273 | -€6,098 | -1.4% |
| Remuneration, social security and pensions | 62 | €17,662 | €30,972 | +€13,310 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,385 | €12,822 | +€1,437 | +12.6% |
| Other operating charges | 640/8 | €4,008 | €3,123 | -€885 | -22.1% |
| Gross operating margin | 9900 | €95,460 | €109,907 | +€14,446 | +15.1% |
| Operating profit (loss) | 9901 | €62,405 | €62,990 | +€586 | +0.9% |
| Financial income | 75/76B | €12 | €386 | +€374 | +3181.5% |
| Recurring financial income | 75 | €12 | €1 | -€11 | -95.7% |
| Non-recurring financial income | 76B | - | €385 | +€385 | |
| Financial charges | 65/66B | €4,703 | €5,527 | +€823 | +17.5% |
| Recurring financial charges | 65 | €4,703 | €5,527 | +€823 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €57,713 | €57,850 | +€136 | +0.2% |
| Income taxes | 67/77 | €4,920 | €14,613 | +€9,694 | +197.0% |
| Profit (loss) for the period | 9904 | €52,794 | €43,236 | -€9,557 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,794 | €43,236 | -€9,557 | -18.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.