ZELICAT: what changed
What changed
ZELICAT
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
filed annual accounts (NBB)
Net result for the year
-€670
2024 · -€40,537+€39,867
Equity
€6,090
2024 · €6,760-€670
Cash
€53,011
2024 · €44,427+€8,584
Balance sheet total
€390,858
2024 · €405,751-€14,893
Largest movements
Assets
- Tangible fixed assets -€11,592
down €11,592 (-3.5%), from €327,302 to €315,710
of which Land and buildings: -€7,968
- Receivables within one year -€11,235
no longer reported in 2025 (was €11,235)
- Cash +€8,584
up €8,584 (+19.3%), from €44,427 to €53,011
mainly Depreciation (+€12,093) and Receivables within one year (+€11,235)
Equity and liabilities
- Trade debts -€13,269
down €13,269 (-81.3%), from €16,324 to €3,055
- Debts after one year -€9,254
down €9,254 (-3.8%), from €240,569 to €231,315
- Tax, wage and social debts +€4,525
up €4,525 (+64.4%), from €7,025 to €11,550
Income statement
- Gross operating margin +€38,557
up €38,557, from -€10,190 to €28,366
- Financial charges -€2,276
down €2,276 (-15.6%), from €14,557 to €12,281
of which Non-recurring financial charges: -€1,231
- Write-downs +€1,778
new in 2025: €1,778
- Depreciation -€503
down €503 (-4.0%), from €12,596 to €12,093
- Other operating charges -€431
down €431 (-12.9%), from €3,336 to €2,905
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€40,537
Gross operating margin
+€38,557
Staff costs
+€13
Depreciation
+€503
Write-downs
-€1,778
Other operating charges
+€431
Financial income
-€136
Financial charges
+€2,276
Result 2025
-€670
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,451
Investment
€0
Financing
-€8,867
Cash 2024
€44,427
From operations (derived)
+€17,451
Net result for the year
-€670
Depreciation
+€12,093
Stocks and contracts
+€1,153
Receivables within one year
+€11,235
Deferred charges and accrued income
-€1,005
Trade debts
-€13,269
Tax, wage and social debts
+€4,525
Advances received
-€550
Other debts
+€3,938
Financing
-€8,867
Debts after one year
-€9,254
Current portion of long-term debt
+€387
Cash 2025
€53,011
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,751 | €390,858 | -€14,893 | -3.7% |
| Fixed assets | 21/28 | €327,844 | €315,751 | -€12,093 | -3.7% |
| Intangible fixed assets | 21 | €542 | €41 | -€501 | -92.5% |
| Tangible fixed assets | 22/27 | €327,302 | €315,710 | -€11,592 | -3.5% |
| Land and buildings | 22 | €297,150 | €289,182 | -€7,968 | -2.7% |
| Plant, machinery and equipment | 23 | €29,840 | €26,528 | -€3,312 | -11.1% |
| Furniture and vehicles | 24 | €312 | - | -€312 | |
| Current assets | 29/58 | €77,907 | €75,107 | -€2,800 | -3.6% |
| Stocks and contracts in progress | 3 | €21,263 | €20,109 | -€1,153 | -5.4% |
| Stocks | 30/36 | €21,263 | €20,109 | -€1,153 | -5.4% |
| Amounts receivable within one year | 40/41 | €11,235 | - | -€11,235 | |
| Trade receivables | 40 | €11,235 | - | -€11,235 | |
| Cash at bank and in hand | 54/58 | €44,427 | €53,011 | +€8,584 | +19.3% |
| Deferred charges and accrued income | 490/1 | €983 | €1,987 | +€1,005 | +102% |
| Total equity and liabilities | 10/49 | €405,751 | €390,858 | -€14,893 | -3.7% |
| Equity | 10/15 | €6,760 | €6,090 | -€670 | -9.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,760 | €1,090 | -€670 | -38.1% |
| Amounts payable | 17/49 | €398,991 | €384,768 | -€14,223 | -3.6% |
| Amounts payable after more than one year | 17 | €240,569 | €231,315 | -€9,254 | -3.8% |
| Financial debts | 170/4 | €240,569 | €231,315 | -€9,254 | -3.8% |
| Amounts payable within one year | 42/48 | €158,421 | €153,452 | -€4,969 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €8,867 | €9,254 | +€387 | +4.4% |
| Trade debts | 44 | €16,324 | €3,055 | -€13,269 | -81.3% |
| Suppliers | 440/4 | €16,324 | €3,055 | -€13,269 | -81.3% |
| Advances received on contracts in progress | 46 | €550 | - | -€550 | |
| Taxes, remuneration and social security | 45 | €7,025 | €11,550 | +€4,525 | +64.4% |
| Taxes | 450/3 | €7,025 | €11,550 | +€4,525 | +64.4% |
| Other amounts payable | 47/48 | €125,655 | €129,593 | +€3,938 | +3.1% |
| Non-recurring operating income | 76A | - | €550 | +€550 | |
| Remuneration, social security and pensions | 62 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,596 | €12,093 | -€503 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,778 | +€1,778 | |
| Other operating charges | 640/8 | €3,336 | €2,905 | -€431 | -12.9% |
| Gross operating margin | 9900 | -€10,190 | €28,366 | +€38,557 | |
| Operating profit (loss) | 9901 | -€26,135 | €11,591 | +€37,727 | |
| Financial income | 75/76B | €155 | €19 | -€136 | -87.6% |
| Recurring financial income | 75 | €155 | €19 | -€136 | -87.6% |
| Financial charges | 65/66B | €14,557 | €12,281 | -€2,276 | -15.6% |
| Recurring financial charges | 65 | €13,326 | €12,281 | -€1,045 | -7.8% |
| Non-recurring financial charges | 66B | €1,231 | - | -€1,231 | |
| Profit (loss) for the period before taxes | 9903 | -€40,537 | -€670 | +€39,867 | +98.3% |
| Profit (loss) for the period | 9904 | -€40,537 | -€670 | +€39,867 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,537 | -€670 | +€39,867 | +98.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.