Zelion: 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.
Zelion
Largest movements
- Cash +€75,323
up €75,323 (+142%), from €52,867 to €128,190
mainly Net result for the year (+€52,933) and Other debts (+€11,533)
- Receivables within one year -€11,386
down €11,386 (-34.1%), from €33,416 to €22,029
of which Other amounts receivable: -€11,096
- Reserves +€52,933
up €52,933 (+106%), from €49,711 to €102,644
of which Distributable reserves: +€52,933
- Other debts +€11,533
up €11,533 (+128%), from €9,000 to €20,533
- Gross operating margin -€14,526
down €14,526 (-17.7%), from €81,934 to €67,408
- Taxes -€2,434
down €2,434 (-15.5%), from €15,722 to €13,288
- Financial income -€1,183
down €1,183 (-85.1%), from €1,389 to €207
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 | €87,954 | €151,704 | +€63,751 | +72.5% |
| Fixed assets | 21/28 | €324 | €1,485 | +€1,161 | +358% |
| Tangible fixed assets | 22/27 | €324 | €1,485 | +€1,161 | +358% |
| Furniture and vehicles | 24 | €324 | €1,485 | +€1,161 | +358% |
| Current assets | 29/58 | €87,629 | €150,219 | +€62,590 | +71.4% |
| Amounts receivable within one year | 40/41 | €33,416 | €22,029 | -€11,386 | -34.1% |
| Trade receivables | 40 | €20,582 | €20,292 | -€290 | -1.4% |
| Other amounts receivable | 41 | €12,834 | €1,738 | -€11,096 | -86.5% |
| Cash at bank and in hand | 54/58 | €52,867 | €128,190 | +€75,323 | +142% |
| Deferred charges and accrued income | 490/1 | €1,347 | €0 | -€1,347 | -100% |
| Total equity and liabilities | 10/49 | €87,954 | €151,704 | +€63,751 | +72.5% |
| Equity | 10/15 | €68,711 | €121,644 | +€52,933 | +77.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €49,711 | €102,644 | +€52,933 | +106% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,711 | €102,644 | +€52,933 | +106% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,242 | €30,060 | +€10,818 | +56.2% |
| Amounts payable within one year | 42/48 | €19,242 | €30,020 | +€10,777 | +56.0% |
| Trade debts | 44 | - | €500 | +€500 | |
| Suppliers | 440/4 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €10,242 | €8,987 | -€1,256 | -12.3% |
| Taxes | 450/3 | €10,242 | €8,987 | -€1,256 | -12.3% |
| Other amounts payable | 47/48 | €9,000 | €20,533 | +€11,533 | +128% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €683 | +€200 | +41.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,934 | €67,408 | -€14,526 | -17.7% |
| Operating profit (loss) | 9901 | €81,064 | €66,325 | -€14,738 | -18.2% |
| Financial income | 75/76B | €1,389 | €207 | -€1,183 | -85.1% |
| Recurring financial income | 75 | €1,389 | €207 | -€1,183 | -85.1% |
| Financial charges | 65/66B | €222 | €311 | +€90 | +40.4% |
| Recurring financial charges | 65 | €222 | €311 | +€90 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €82,232 | €66,221 | -€16,011 | -19.5% |
| Income taxes | 67/77 | €15,722 | €13,288 | -€2,434 | -15.5% |
| Profit (loss) for the period | 9904 | €66,510 | €52,933 | -€13,577 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,510 | €52,933 | -€13,577 | -20.4% |
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 16 October 2026 via checked.be.