ZELIO: 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.
ZELIO
Largest movements
- Cash +€65,098
up €65,098 (+43.7%), from €148,930 to €214,028
mainly Net result for the year (+€84,425) and Depreciation (+€2,965)
- Receivables within one year +€19,183
up €19,183 (+111%), from €17,303 to €36,486
- Tangible fixed assets -€2,965
down €2,965 (-45.3%), from €6,548 to €3,583
- Reserves +€84,425
up €84,425 (+66.3%), from €127,243 to €211,668
- Gross operating margin +€6,416
up €6,416 (+6.2%), from €103,314 to €109,731
- Taxes +€1,684
up €1,684 (+8.2%), from €20,622 to €22,306
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,911 | €254,261 | +€81,350 | +47.0% |
| Fixed assets | 21/28 | €6,548 | €3,583 | -€2,965 | -45.3% |
| Tangible fixed assets | 22/27 | €6,548 | €3,583 | -€2,965 | -45.3% |
| Furniture and vehicles | 24 | €6,548 | €3,583 | -€2,965 | -45.3% |
| Current assets | 29/58 | €166,362 | €250,678 | +€84,316 | +50.7% |
| Amounts receivable within one year | 40/41 | €17,303 | €36,486 | +€19,183 | +111% |
| Trade receivables | 40 | €17,303 | €36,486 | +€19,183 | +111% |
| Cash at bank and in hand | 54/58 | €148,930 | €214,028 | +€65,098 | +43.7% |
| Deferred charges and accrued income | 490/1 | €130 | €164 | +€35 | +26.8% |
| Total equity and liabilities | 10/49 | €172,911 | €254,261 | +€81,350 | +47.0% |
| Equity | 10/15 | €130,243 | €214,668 | +€84,425 | +64.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €127,243 | €211,668 | +€84,425 | +66.3% |
| Distributable reserves | 133 | €127,243 | €211,668 | +€84,425 | +66.3% |
| Amounts payable | 17/49 | €42,668 | €39,593 | -€3,075 | -7.2% |
| Amounts payable within one year | 42/48 | €42,668 | €39,593 | -€3,075 | -7.2% |
| Trade debts | 44 | €162 | €139 | -€23 | -14.2% |
| Suppliers | 440/4 | €162 | €139 | -€23 | -14.2% |
| Taxes, remuneration and social security | 45 | €40,646 | €38,394 | -€2,252 | -5.5% |
| Taxes | 450/3 | €39,053 | €32,470 | -€6,582 | -16.9% |
| Remuneration and social security | 454/9 | €1,593 | €5,924 | +€4,331 | +272% |
| Other amounts payable | 47/48 | €1,860 | €1,060 | -€800 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,965 | €2,965 | +€0 | 0.0% |
| Gross operating margin | 9900 | €103,314 | €109,731 | +€6,416 | +6.2% |
| Operating profit (loss) | 9901 | €100,349 | €106,765 | +€6,416 | +6.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €34 | €35 | +€1 | +1.8% |
| Recurring financial charges | 65 | €34 | €35 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €100,315 | €106,731 | +€6,416 | +6.4% |
| Income taxes | 67/77 | €20,622 | €22,306 | +€1,684 | +8.2% |
| Profit (loss) for the period | 9904 | €79,693 | €84,425 | +€4,732 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,693 | €84,425 | +€4,732 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.