Zellimmo: what changed
Two fiscal 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.
Zellimmo
Largest movements
- Current investments -€95,000
down €95,000 (-100.0%), from €95,000 to €0
- Cash +€67,493
up €67,493 (+1275.4%), from €5,292 to €72,784
mainly Current investments (+€95,000) and Net result for the year (+€61,255)
- Receivables within one year +€17,001
up €17,001 (+17.5%), from €97,041 to €114,043
of which Trade receivables: +€114,043
- Tangible fixed assets -€8,044
down €8,044 (-100.0%), from €8,044 to €0
of which Land and buildings: -€6,173
- Reserves -€137,494
down €137,494 (-78.7%), from €174,736 to €37,241
of which Distributable reserves: -€137,494
- Profit (loss) carried forward +€83,749
up €83,749, from -€65,249 to €18,500
- Tax, wage and social debts +€31,424
up €31,424, from €0 to €31,424
- Trade debts +€6,059
up €6,059 (+7869.1%), from €77 to €6,136
- Other debts -€3,137
down €3,137 (-8.7%), from €36,233 to €33,096
- Gross operating margin +€89,966
up €89,966, from -€1,256 to €88,710
- Taxes +€24,454
up €24,454 (+10104.4%), from €242 to €24,696
- Financial income -€5,299
down €5,299 (-77.7%), from €6,824 to €1,525
- Depreciation -€4,878
down €4,878 (-72.3%), from €6,750 to €1,872
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 | €207,297 | €187,898 | -€19,398 | -9.4% |
| Fixed assets | 21/28 | €8,044 | €0 | -€8,044 | -100.0% |
| Tangible fixed assets | 22/27 | €8,044 | €0 | -€8,044 | -100.0% |
| Land and buildings | 22 | €6,173 | €0 | -€6,173 | -100.0% |
| Furniture and vehicles | 24 | €1,872 | €0 | -€1,872 | -100.0% |
| Current assets | 29/58 | €199,253 | €187,898 | -€11,354 | -5.7% |
| Amounts receivable within one year | 40/41 | €97,041 | €114,043 | +€17,001 | +17.5% |
| Trade receivables | 40 | - | €114,043 | +€114,043 | |
| Other amounts receivable | 41 | €97,041 | €0 | -€97,041 | -100.0% |
| Current investments | 50/53 | €95,000 | €0 | -€95,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,292 | €72,784 | +€67,493 | +1275.4% |
| Deferred charges and accrued income | 490/1 | €1,919 | €1,072 | -€848 | -44.2% |
| Total equity and liabilities | 10/49 | €207,297 | €187,898 | -€19,398 | -9.4% |
| Equity | 10/15 | €170,987 | €117,241 | -€53,745 | -31.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €174,736 | €37,241 | -€137,494 | -78.7% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Legal reserve | 130 | €7,400 | €7,400 | = | 0.0% |
| Distributable reserves | 133 | €167,336 | €29,841 | -€137,494 | -82.2% |
| Profit (loss) carried forward | 14 | -€65,249 | €18,500 | +€83,749 | |
| Amounts payable | 17/49 | €36,310 | €70,657 | +€34,347 | +94.6% |
| Amounts payable within one year | 42/48 | €36,310 | €70,657 | +€34,347 | +94.6% |
| Trade debts | 44 | €77 | €6,136 | +€6,059 | +7869.1% |
| Suppliers | 440/4 | €77 | €6,136 | +€6,059 | +7869.1% |
| Taxes, remuneration and social security | 45 | €0 | €31,424 | +€31,424 | |
| Taxes | 450/3 | €0 | €31,424 | +€31,424 | |
| Other amounts payable | 47/48 | €36,233 | €33,096 | -€3,137 | -8.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €1,872 | -€4,878 | -72.3% |
| Other operating charges | 640/8 | €2,377 | €2,335 | -€42 | -1.8% |
| Gross operating margin | 9900 | -€1,256 | €88,710 | +€89,966 | |
| Operating profit (loss) | 9901 | -€10,382 | €84,504 | +€94,886 | |
| Financial income | 75/76B | €6,824 | €1,525 | -€5,299 | -77.7% |
| Recurring financial income | 75 | €6,824 | €1,525 | -€5,299 | -77.7% |
| Financial charges | 65/66B | €68 | €79 | +€11 | +15.5% |
| Recurring financial charges | 65 | €68 | €79 | +€11 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,626 | €85,951 | +€89,577 | |
| Income taxes | 67/77 | €242 | €24,696 | +€24,454 | +10104.4% |
| Profit (loss) for the period | 9904 | -€3,868 | €61,255 | +€65,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,868 | €61,255 | +€65,123 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.