Zeppella Consulting: what changed
Zeppella Consulting
Largest movements
- Cash +€23,154
up €23,154 (+35.0%), from €66,235 to €89,390
mainly Net result for the year (+€38,009) and Depreciation (+€13,964)
- Tangible fixed assets -€11,905
down €11,905 (-22.4%), from €53,115 to €41,210
of which Furniture and vehicles: -€8,427
- Current investments +€6,141
up €6,141, from €0 to €6,141
- Reserves +€32,327
up €32,327 (+27.3%), from €118,210 to €150,537
of which Distributable reserves: +€32,327
- Tax, wage and social debts -€6,495
down €6,495 (-94.8%), from €6,854 to €359
of which Remuneration and social security: -€4,272
- Other debts -€3,976
down €3,976 (-49.9%), from €7,965 to €3,989
- Debts after one year -€3,867
down €3,867 (-53.5%), from €7,222 to €3,355
- Trade debts -€1,759
down €1,759 (-27.9%), from €6,310 to €4,551
- Gross operating margin +€15,706
up €15,706 (+29.3%), from €53,578 to €69,284
- Taxes +€4,417
up €4,417 (+39.8%), from €11,092 to €15,509
- Depreciation +€2,713
up €2,713 (+24.1%), from €11,251 to €13,964
- Financial income -€1,511
down €1,511 (-93.0%), from €1,624 to €113
- Financial charges -€941
down €941 (-46.5%), from €2,025 to €1,084
of which Financial charges: -€877
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,464 | €172,969 | +€16,505 | +10.5% |
| Fixed assets | 21/28 | €53,115 | €41,210 | -€11,905 | -22.4% |
| Tangible fixed assets | 22/27 | €53,115 | €41,210 | -€11,905 | -22.4% |
| Land and buildings | 22 | €16,413 | €14,872 | -€1,541 | -9.4% |
| Plant, machinery and equipment | 23 | €4,977 | €3,040 | -€1,938 | -38.9% |
| Furniture and vehicles | 24 | €31,725 | €23,298 | -€8,427 | -26.6% |
| Current assets | 29/58 | €103,348 | €131,759 | +€28,411 | +27.5% |
| Amounts receivable within one year | 40/41 | €35,727 | €34,088 | -€1,639 | -4.6% |
| Trade receivables | 40 | €27,588 | €27,864 | +€276 | +1.0% |
| Other amounts receivable | 41 | €8,139 | €6,224 | -€1,915 | -23.5% |
| Current investments | 50/53 | €0 | €6,141 | +€6,141 | |
| Cash at bank and in hand | 54/58 | €66,235 | €89,390 | +€23,154 | +35.0% |
| Deferred charges and accrued income | 490/1 | €1,386 | €2,141 | +€755 | +54.5% |
| Total equity and liabilities | 10/49 | €156,464 | €172,969 | +€16,505 | +10.5% |
| Equity | 10/15 | €124,410 | €156,737 | +€32,327 | +26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,210 | €150,537 | +€32,327 | +27.3% |
| Tax-exempt reserves | 132 | €1,413 | €1,413 | = | 0.0% |
| Distributable reserves | 133 | €116,797 | €149,124 | +€32,327 | +27.7% |
| Amounts payable | 17/49 | €32,054 | €16,232 | -€15,822 | -49.4% |
| Amounts payable after more than one year | 17 | €7,222 | €3,355 | -€3,867 | -53.5% |
| Financial debts | 170/4 | €7,222 | €3,355 | -€3,867 | -53.5% |
| Amounts payable within one year | 42/48 | €24,829 | €12,766 | -€12,063 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €3,700 | €3,867 | +€167 | +4.5% |
| Trade debts | 44 | €6,310 | €4,551 | -€1,759 | -27.9% |
| Suppliers | 440/4 | €6,310 | €4,551 | -€1,759 | -27.9% |
| Taxes, remuneration and social security | 45 | €6,854 | €359 | -€6,495 | -94.8% |
| Taxes | 450/3 | €2,582 | €359 | -€2,223 | -86.1% |
| Remuneration and social security | 454/9 | €4,272 | - | -€4,272 | |
| Other amounts payable | 47/48 | €7,965 | €3,989 | -€3,976 | -49.9% |
| Accrued charges and deferred income | 492/3 | €2 | €111 | +€108 | +4,386% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,251 | €13,964 | +€2,713 | +24.1% |
| Other operating charges | 640/8 | €895 | €831 | -€65 | -7.2% |
| Gross operating margin | 9900 | €53,578 | €69,284 | +€15,706 | +29.3% |
| Operating profit (loss) | 9901 | €41,431 | €54,489 | +€13,057 | +31.5% |
| Financial income | 75/76B | €1,624 | €113 | -€1,511 | -93.0% |
| Recurring financial income | 75 | €1,624 | €113 | -€1,511 | -93.0% |
| Financial charges | 65/66B | €2,025 | €1,084 | -€941 | -46.5% |
| Recurring financial charges | 65 | €1,855 | €978 | -€877 | -47.3% |
| Non-recurring financial charges | 66B | €170 | €106 | -€64 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €41,030 | €53,518 | +€12,488 | +30.4% |
| Income taxes | 67/77 | €11,092 | €15,509 | +€4,417 | +39.8% |
| Profit (loss) for the period | 9904 | €29,938 | €38,009 | +€8,071 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,938 | €38,009 | +€8,071 | +27.0% |
Next steps
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 2 November 2026 via checked.be.