ZFT Consulting: 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.
ZFT Consulting
Largest movements
- Cash +€81,151
up €81,151 (+67.6%), from €119,992 to €201,143
mainly Net result for the year (+€68,235) and Tax, wage and social debts (+€16,718)
- Tangible fixed assets -€9,314
down €9,314 (-27.7%), from €33,613 to €24,299
- Receivables within one year +€3,312
up €3,312 (+34.1%), from €9,709 to €13,021
of which Trade receivables: +€3,086
- Reserves +€68,235
up €68,235 (+60.5%), from €112,789 to €181,024
- Tax, wage and social debts +€16,718
up €16,718 (+142%), from €11,756 to €28,474
- Debts after one year -€10,056
down €10,056 (-36.0%), from €27,958 to €17,902
- Gross operating margin +€19,198
up €19,198 (+24.6%), from €78,174 to €97,372
- Taxes +€3,328
up €3,328 (+23.8%), from €14,003 to €17,331
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 | €164,647 | €239,924 | +€75,277 | +45.7% |
| Fixed assets | 21/28 | €33,613 | €24,299 | -€9,314 | -27.7% |
| Tangible fixed assets | 22/27 | €33,613 | €24,299 | -€9,314 | -27.7% |
| Furniture and vehicles | 24 | €33,613 | €24,299 | -€9,314 | -27.7% |
| Current assets | 29/58 | €131,034 | €215,625 | +€84,591 | +64.6% |
| Amounts receivable within one year | 40/41 | €9,709 | €13,021 | +€3,312 | +34.1% |
| Trade receivables | 40 | €8,712 | €11,798 | +€3,086 | +35.4% |
| Other amounts receivable | 41 | €997 | €1,224 | +€226 | +22.7% |
| Cash at bank and in hand | 54/58 | €119,992 | €201,143 | +€81,151 | +67.6% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,461 | +€128 | +9.6% |
| Total equity and liabilities | 10/49 | €164,647 | €239,924 | +€75,277 | +45.7% |
| Equity | 10/15 | €114,789 | €183,024 | +€68,235 | +59.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €112,789 | €181,024 | +€68,235 | +60.5% |
| Distributable reserves | 133 | €112,789 | €181,024 | +€68,235 | +60.5% |
| Amounts payable | 17/49 | €49,858 | €56,900 | +€7,042 | +14.1% |
| Amounts payable after more than one year | 17 | €27,958 | €17,902 | -€10,056 | -36.0% |
| Financial debts | 170/4 | €27,958 | €17,902 | -€10,056 | -36.0% |
| Amounts payable within one year | 42/48 | €21,838 | €38,998 | +€17,160 | +78.6% |
| Current portion of amounts payable after more than one year | 42 | €9,573 | €10,056 | +€484 | +5.1% |
| Financial debts | 43 | €67 | - | -€67 | |
| Credit institutions | 430/8 | €67 | - | -€67 | |
| Trade debts | 44 | €154 | €332 | +€178 | +115% |
| Suppliers | 440/4 | €154 | €332 | +€178 | +115% |
| Taxes, remuneration and social security | 45 | €11,756 | €28,474 | +€16,718 | +142% |
| Taxes | 450/3 | €11,756 | €28,474 | +€16,718 | +142% |
| Other amounts payable | 47/48 | €289 | €136 | -€153 | -53.0% |
| Accrued charges and deferred income | 492/3 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €9,314 | -€218 | -2.3% |
| Other operating charges | 640/8 | €511 | €659 | +€148 | +28.9% |
| Gross operating margin | 9900 | €78,174 | €97,372 | +€19,198 | +24.6% |
| Operating profit (loss) | 9901 | €68,131 | €87,399 | +€19,268 | +28.3% |
| Financial charges | 65/66B | €2,126 | €1,833 | -€293 | -13.8% |
| Recurring financial charges | 65 | €2,126 | €1,833 | -€293 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €66,005 | €85,566 | +€19,561 | +29.6% |
| Income taxes | 67/77 | €14,003 | €17,331 | +€3,328 | +23.8% |
| Profit (loss) for the period | 9904 | €52,002 | €68,235 | +€16,232 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,002 | €68,235 | +€16,232 | +31.2% |
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 14 October 2026 via checked.be.