ZEST & Co: 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.
ZEST & Co
Largest movements
- Receivables within one year +€80,417
up €80,417 (+71.9%), from €111,873 to €192,290
of which Other amounts receivable: +€58,167
- Cash +€8,747
up €8,747 (+742%), from €1,179 to €9,926
mainly Advances received (+€77,919) and Net result for the year (+€30,839)
- Tangible fixed assets +€6,823
up €6,823 (+213%), from €3,203 to €10,026
of which Furniture and vehicles: +€5,695
- Advances received +€77,919
up €77,919 (+208%), from €37,523 to €115,442
- Reserves +€30,839
up €30,839 (+52.5%), from €58,722 to €89,561
- Tax, wage and social debts -€6,084
down €6,084 (-16.5%), from €36,819 to €30,735
of which Taxes: -€6,084
- Other debts -€4,655
down €4,655 (-8.1%), from €57,750 to €53,095
- Debts after one year -€3,517
down €3,517 (-100%), from €3,517 to €0
- Gross operating margin -€9,719
down €9,719 (-12.5%), from €77,697 to €67,978
- Financial charges +€9,712
up €9,712 (+197%), from €4,927 to €14,639
of which Non-recurring financial charges: +€11,446
- Financial income +€5,894
up €5,894 (+1,964,593%), from €0 to €5,894
- Taxes +€1,364
up €1,364 (+6.3%), from €21,602 to €22,966
- Depreciation +€1,129
up €1,129 (+55.8%), from €2,024 to €3,152
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 | €218,149 | €313,275 | +€95,127 | +43.6% |
| Fixed assets | 21/28 | €99,033 | €103,064 | +€4,031 | +4.1% |
| Tangible fixed assets | 22/27 | €3,203 | €10,026 | +€6,823 | +213% |
| Plant, machinery and equipment | 23 | €271 | €1,398 | +€1,128 | +416% |
| Furniture and vehicles | 24 | €2,932 | €8,627 | +€5,695 | +194% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €95,830 | €93,038 | -€2,792 | -2.9% |
| Current assets | 29/58 | €119,116 | €210,212 | +€91,096 | +76.5% |
| Stocks and contracts in progress | 3 | €6,063 | €7,995 | +€1,932 | +31.9% |
| Stocks | 30/36 | €6,063 | €7,995 | +€1,932 | +31.9% |
| Amounts receivable within one year | 40/41 | €111,873 | €192,290 | +€80,417 | +71.9% |
| Trade receivables | 40 | €0 | €22,250 | +€22,250 | |
| Other amounts receivable | 41 | €111,873 | €170,040 | +€58,167 | +52.0% |
| Cash at bank and in hand | 54/58 | €1,179 | €9,926 | +€8,747 | +742% |
| Total equity and liabilities | 10/49 | €218,149 | €313,275 | +€95,127 | +43.6% |
| Equity | 10/15 | €64,922 | €95,761 | +€30,839 | +47.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,722 | €89,561 | +€30,839 | +52.5% |
| Distributable reserves | 133 | €58,722 | €89,561 | +€30,839 | +52.5% |
| Amounts payable | 17/49 | €153,227 | €217,514 | +€64,288 | +42.0% |
| Amounts payable after more than one year | 17 | €3,517 | €0 | -€3,517 | -100% |
| Financial debts | 170/4 | €3,517 | €0 | -€3,517 | -100% |
| Amounts payable within one year | 42/48 | €149,710 | €217,514 | +€67,804 | +45.3% |
| Current portion of amounts payable after more than one year | 42 | €10,763 | €11,112 | +€348 | +3.2% |
| Trade debts | 44 | €6,855 | €7,131 | +€276 | +4.0% |
| Suppliers | 440/4 | €6,855 | €7,131 | +€276 | +4.0% |
| Advances received on contracts in progress | 46 | €37,523 | €115,442 | +€77,919 | +208% |
| Taxes, remuneration and social security | 45 | €36,819 | €30,735 | -€6,084 | -16.5% |
| Taxes | 450/3 | €36,819 | €30,735 | -€6,084 | -16.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €57,750 | €53,095 | -€4,655 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,024 | €3,152 | +€1,129 | +55.8% |
| Other operating charges | 640/8 | €2,588 | €2,276 | -€313 | -12.1% |
| Non-recurring operating charges | 66A | €8,754 | - | -€8,754 | |
| Gross operating margin | 9900 | €77,697 | €67,978 | -€9,719 | -12.5% |
| Operating profit (loss) | 9901 | €64,330 | €62,550 | -€1,780 | -2.8% |
| Financial income | 75/76B | €0 | €5,894 | +€5,894 | +1,964,593% |
| Recurring financial income | 75 | €0 | €5,894 | +€5,894 | +1,964,593% |
| Financial charges | 65/66B | €4,927 | €14,639 | +€9,712 | +197% |
| Recurring financial charges | 65 | €4,927 | €3,193 | -€1,734 | -35.2% |
| Non-recurring financial charges | 66B | - | €11,446 | +€11,446 | |
| Profit (loss) for the period before taxes | 9903 | €59,404 | €53,805 | -€5,599 | -9.4% |
| Income taxes | 67/77 | €21,602 | €22,966 | +€1,364 | +6.3% |
| Profit (loss) for the period | 9904 | €37,802 | €30,839 | -€6,963 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,802 | €30,839 | -€6,963 | -18.4% |
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 27 October 2026 via checked.be.