ZEP-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.
ZEP-Consult
Largest movements
- Cash +€866
up €866 (+5.5%), from €15,893 to €16,759
mainly Net result for the year (+€1,667) and Debts after one year (+€1,166)
- Reserves +€1,667
up €1,667 (+21.2%), from €7,879 to €9,546
of which Distributable reserves: +€1,667
- Other debts -€1,666
no longer reported in 2025 (was €1,666)
- Debts after one year +€1,166
new in 2025: €1,166
- Tax, wage and social debts -€337
no longer reported in 2025 (was €337)
- Other operating charges +€403
up €403 (+287%), from €141 to €544
- Taxes -€134
down €134 (-14.7%), from €912 to €778
- Gross operating margin -€101
down €101 (-3.2%), from €3,120 to €3,019
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 | €19,083 | €19,913 | +€830 | +4.3% |
| Current assets | 29/58 | €19,083 | €19,913 | +€830 | +4.3% |
| Amounts receivable within one year | 40/41 | €3,190 | €3,153 | -€36 | -1.1% |
| Trade receivables | 40 | €3,190 | €3,131 | -€58 | -1.8% |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €15,893 | €16,759 | +€866 | +5.5% |
| Total equity and liabilities | 10/49 | €19,083 | €19,913 | +€830 | +4.3% |
| Equity | 10/15 | €17,079 | €18,746 | +€1,667 | +9.8% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €7,879 | €9,546 | +€1,667 | +21.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,019 | €7,686 | +€1,667 | +27.7% |
| Amounts payable | 17/49 | €2,003 | €1,166 | -€837 | -41.8% |
| Amounts payable after more than one year | 17 | - | €1,166 | +€1,166 | |
| Other amounts payable | 178/9 | - | €1,166 | +€1,166 | |
| Amounts payable within one year | 42/48 | €2,003 | - | -€2,003 | |
| Taxes, remuneration and social security | 45 | €337 | - | -€337 | |
| Taxes | 450/3 | €337 | - | -€337 | |
| Other amounts payable | 47/48 | €1,666 | - | -€1,666 | |
| Other operating charges | 640/8 | €141 | €544 | +€403 | +287% |
| Gross operating margin | 9900 | €3,120 | €3,019 | -€101 | -3.2% |
| Operating profit (loss) | 9901 | €2,979 | €2,475 | -€504 | -16.9% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €2,951 | €2,445 | -€506 | -17.1% |
| Income taxes | 67/77 | €912 | €778 | -€134 | -14.7% |
| Profit (loss) for the period | 9904 | €2,039 | €1,667 | -€372 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,039 | €1,667 | -€372 | -18.2% |
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 23 October 2026 via checked.be.