Zest Communications: 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 Communications
Largest movements
- Receivables within one year +€107,532
up €107,532 (+322%), from €33,363 to €140,895
of which Trade receivables: +€108,723
- Deferred charges and accrued income +€28,233
up €28,233 (+2,437%), from €1,159 to €29,392
- Trade debts +€125,188
up €125,188 (+517%), from €24,195 to €149,383
- Reserves +€8,617
up €8,617 (+100%), from €8,612 to €17,229
- Tax, wage and social debts +€2,637
up €2,637 (+69.6%), from €3,788 to €6,425
- Taxes -€245
down €245 (-8.5%), from €2,882 to €2,637
- Gross operating margin -€206
down €206 (-1.8%), from €11,470 to €11,264
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 | €41,648 | €178,213 | +€136,565 | +328% |
| Fixed assets | 21/28 | €250 | - | -€250 | |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €41,398 | €178,213 | +€136,815 | +330% |
| Amounts receivable within one year | 40/41 | €33,363 | €140,895 | +€107,532 | +322% |
| Trade receivables | 40 | €29,546 | €138,269 | +€108,723 | +368% |
| Other amounts receivable | 41 | €3,817 | €2,626 | -€1,191 | -31.2% |
| Cash at bank and in hand | 54/58 | €6,876 | €7,926 | +€1,050 | +15.3% |
| Deferred charges and accrued income | 490/1 | €1,159 | €29,392 | +€28,233 | +2,437% |
| Total equity and liabilities | 10/49 | €41,648 | €178,213 | +€136,565 | +328% |
| Equity | 10/15 | €13,612 | €22,229 | +€8,617 | +63.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,612 | €17,229 | +€8,617 | +100% |
| Distributable reserves | 133 | €8,612 | €17,229 | +€8,617 | +100% |
| Amounts payable | 17/49 | €28,036 | €155,984 | +€127,948 | +456% |
| Amounts payable within one year | 42/48 | €28,036 | €155,984 | +€127,948 | +456% |
| Trade debts | 44 | €24,195 | €149,383 | +€125,188 | +517% |
| Suppliers | 440/4 | €24,195 | €149,383 | +€125,188 | +517% |
| Taxes, remuneration and social security | 45 | €3,788 | €6,425 | +€2,637 | +69.6% |
| Taxes | 450/3 | €3,788 | €6,425 | +€2,637 | +69.6% |
| Other amounts payable | 47/48 | €53 | €176 | +€123 | +234% |
| Other operating charges | 640/8 | €50 | €144 | +€94 | +188% |
| Gross operating margin | 9900 | €11,470 | €11,264 | -€206 | -1.8% |
| Operating profit (loss) | 9901 | €11,420 | €11,120 | -€300 | -2.6% |
| Financial income | 75/76B | €221 | €209 | -€11 | -5.1% |
| Recurring financial income | 75 | €221 | €209 | -€11 | -5.1% |
| Financial charges | 65/66B | €147 | €76 | -€71 | -48.4% |
| Recurring financial charges | 65 | €147 | €76 | -€71 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €11,494 | €11,254 | -€240 | -2.1% |
| Income taxes | 67/77 | €2,882 | €2,637 | -€245 | -8.5% |
| Profit (loss) for the period | 9904 | €8,612 | €8,617 | +€5 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,612 | €8,617 | +€5 | +0.1% |
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 26 October 2026 via checked.be.