ZELI CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€21,374
down €21,374 (-22.3%), from €95,837 to €74,463
of which Furniture and vehicles: -€11,250
- Cash +€7,942
up €7,942 (+10.2%), from €78,096 to €86,038
mainly Depreciation (+€21,374) and Net result for the year (+€9,350)
- Receivables within one year +€6,523
up €6,523 (+10.8%), from €60,564 to €67,087
of which Trade receivables: +€7,386
- Debts after one year -€12,053
down €12,053 (-14.3%), from €84,167 to €72,114
- Profit (loss) carried forward +€9,350
up €9,350 (+7.4%), from €125,554 to €134,904
- Tax, wage and social debts -€2,511
down €2,511 (-80.5%), from €3,121 to €610
- Gross operating margin +€11,507
up €11,507 (+38.1%), from €30,211 to €41,718
- Other operating charges -€7,068
no longer reported in 2025 (was €7,068)
- Depreciation +€3,495
up €3,495 (+19.5%), from €17,879 to €21,374
- Financial income +€1,273
new in 2025: €1,273
- Staff costs +€829
up €829 (+50.0%), from €1,658 to €2,487
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 | €237,195 | €230,622 | -€6,573 | -2.8% |
| Fixed assets | 21/28 | €96,587 | €75,213 | -€21,374 | -22.1% |
| Tangible fixed assets | 22/27 | €95,837 | €74,463 | -€21,374 | -22.3% |
| Land and buildings | 22 | €60,741 | €50,617 | -€10,124 | -16.7% |
| Furniture and vehicles | 24 | €35,096 | €23,846 | -€11,250 | -32.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €140,608 | €155,409 | +€14,801 | +10.5% |
| Amounts receivable within one year | 40/41 | €60,564 | €67,087 | +€6,523 | +10.8% |
| Trade receivables | 40 | €58,944 | €66,330 | +€7,386 | +12.5% |
| Other amounts receivable | 41 | €1,620 | €757 | -€863 | -53.3% |
| Cash at bank and in hand | 54/58 | €78,096 | €86,038 | +€7,942 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,948 | €2,284 | +€336 | +17.2% |
| Total equity and liabilities | 10/49 | €237,195 | €230,622 | -€6,573 | -2.8% |
| Equity | 10/15 | €133,614 | €142,964 | +€9,350 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,554 | €134,904 | +€9,350 | +7.4% |
| Amounts payable | 17/49 | €103,581 | €87,658 | -€15,923 | -15.4% |
| Amounts payable after more than one year | 17 | €84,167 | €72,114 | -€12,053 | -14.3% |
| Financial debts | 170/4 | €84,167 | €72,114 | -€12,053 | -14.3% |
| Amounts payable within one year | 42/48 | €19,414 | €15,544 | -€3,870 | -19.9% |
| Financial debts | 43 | €12,709 | €12,054 | -€655 | -5.2% |
| Credit institutions | 430/8 | €12,709 | €12,054 | -€655 | -5.2% |
| Trade debts | 44 | €1,169 | €480 | -€689 | -58.9% |
| Suppliers | 440/4 | €1,169 | €480 | -€689 | -58.9% |
| Taxes, remuneration and social security | 45 | €3,121 | €610 | -€2,511 | -80.5% |
| Taxes | 450/3 | €3,121 | €610 | -€2,511 | -80.5% |
| Other amounts payable | 47/48 | €2,415 | €2,400 | -€15 | -0.6% |
| Remuneration, social security and pensions | 62 | €1,658 | €2,487 | +€829 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,879 | €21,374 | +€3,495 | +19.5% |
| Other operating charges | 640/8 | €7,068 | - | -€7,068 | |
| Gross operating margin | 9900 | €30,211 | €41,718 | +€11,507 | +38.1% |
| Operating profit (loss) | 9901 | €3,606 | €17,857 | +€14,251 | +395.2% |
| Financial income | 75/76B | - | €1,273 | +€1,273 | |
| Recurring financial income | 75 | - | €1,273 | +€1,273 | |
| Financial charges | 65/66B | €5,717 | €5,328 | -€389 | -6.8% |
| Recurring financial charges | 65 | €5,717 | €5,328 | -€389 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,111 | €13,802 | +€15,913 | |
| Income taxes | 67/77 | €3,725 | €4,452 | +€727 | +19.5% |
| Profit (loss) for the period | 9904 | -€5,836 | €9,350 | +€15,186 | |
| Transfer from tax-exempt reserves | 789 | €14,802 | - | -€14,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,966 | €9,350 | +€384 | +4.3% |
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 9 October 2026 via checked.be.