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Zoé: what changed

Two fiscal 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.

What changed

Zoé

BE 0802.994.605
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,469
2024 · €9,737+€12,732
Equity
€51,304
2024 · €28,835+€22,469
Cash
€48,855
2024 · €17,766+€31,089
Balance sheet total
€85,195
2024 · €42,577+€42,618

Largest movements

2024 to 2025
Assets
  • Cash +€31,089

    up €31,089 (+175.0%), from €17,766 to €48,855

    mainly Net result for the year (+€22,469) and Tax, wage and social debts (+€11,596)

  • Receivables within one year +€12,624

    up €12,624 (+53.4%), from €23,620 to €36,244

    of which Other amounts receivable: +€10,937

  • Financial fixed assets -€1,095

    down €1,095 (-91.9%), from €1,191 to €96

Equity and liabilities
  • Profit (loss) carried forward +€22,469

    up €22,469 (+230.8%), from €9,737 to €32,206

  • Tax, wage and social debts +€11,596

    up €11,596 (+119.9%), from €9,668 to €21,264

    of which Taxes: +€11,896

  • Trade debts +€8,773

    up €8,773 (+227.6%), from €3,854 to €12,627

Income statement
  • Gross operating margin +€16,635

    up €16,635 (+116.8%), from €14,243 to €30,878

  • Taxes +€3,646

    up €3,646 (+82.2%), from €4,437 to €8,083

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €9,737
Gross operating margin +€16,635
Other operating charges -€179
Financial charges -€78
Taxes -€3,646
Result 2025 €22,469

Cash bridge derived

cash 2024 to 2025

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.

From operations +€29,994
Investment +€1,095
Financing €0
Cash 2024 €17,766
Net result for the year +€22,469
Receivables within one year -€12,624
Trade debts +€8,773
Tax, wage and social debts +€11,596
Other debts -€220
Investment in fixed assets (net) +€1,095
Cash 2025 €48,855
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €42,577 €85,195 +€42,618 +100.1%
Fixed assets 21/28 €1,191 €96 -€1,095 -91.9%
Financial fixed assets 28 €1,191 €96 -€1,095 -91.9%
Current assets 29/58 €41,386 €85,099 +€43,713 +105.6%
Amounts receivable within one year 40/41 €23,620 €36,244 +€12,624 +53.4%
Trade receivables 40 €23,477 €25,164 +€1,687 +7.2%
Other amounts receivable 41 €143 €11,080 +€10,937 +7648.3%
Cash at bank and in hand 54/58 €17,766 €48,855 +€31,089 +175.0%
Total equity and liabilities 10/49 €42,577 €85,195 +€42,618 +100.1%
Equity 10/15 €28,835 €51,304 +€22,469 +77.9%
Contributions 10/11 €1,000 €1,000 = 0.0%
Reserves 13 €18,098 €18,098 = 0.0%
Distributable reserves 133 €18,098 €18,098 = 0.0%
Profit (loss) carried forward 14 €9,737 €32,206 +€22,469 +230.8%
Amounts payable 17/49 €13,742 €33,891 +€20,149 +146.6%
Amounts payable within one year 42/48 €13,742 €33,891 +€20,149 +146.6%
Trade debts 44 €3,854 €12,627 +€8,773 +227.6%
Suppliers 440/4 €3,854 €12,627 +€8,773 +227.6%
Taxes, remuneration and social security 45 €9,668 €21,264 +€11,596 +119.9%
Taxes 450/3 €9,368 €21,264 +€11,896 +127.0%
Remuneration and social security 454/9 €300 - -€300
Other amounts payable 47/48 €220 - -€220
Other operating charges 640/8 - €179 +€179
Gross operating margin 9900 €14,243 €30,878 +€16,635 +116.8%
Operating profit (loss) 9901 €14,243 €30,699 +€16,456 +115.5%
Financial charges 65/66B €69 €147 +€78 +113.0%
Recurring financial charges 65 €69 €147 +€78 +113.0%
Profit (loss) for the period before taxes 9903 €14,174 €30,552 +€16,378 +115.5%
Income taxes 67/77 €4,437 €8,083 +€3,646 +82.2%
Profit (loss) for the period 9904 €9,737 €22,469 +€12,732 +130.8%
Profit (loss) for the period to be appropriated 9905 €9,737 €22,469 +€12,732 +130.8%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.