ZOE CONSTRUCTION: 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.
ZOE CONSTRUCTION
Largest movements
- Tangible fixed assets +€18,883
up €18,883 (+621%), from €3,042 to €21,925
of which Furniture and vehicles: +€19,250
- Receivables within one year -€2,423
down €2,423 (-19.7%), from €12,315 to €9,892
of which Other amounts receivable: -€3,623
- Cash +€1,423
up €1,423 (+83.2%), from €1,709 to €3,132
mainly Net result for the year (+€14,133) and Tax, wage and social debts (+€7,121)
- Profit (loss) carried forward +€14,133
up €14,133 (+126%), from €11,251 to €25,384
- Tax, wage and social debts +€7,121
up €7,121 (+874%), from €815 to €7,936
of which Taxes: +€3,584
- Trade debts -€3,371
down €3,371 (-84.3%), from €4,000 to €629
- Staff costs -€5,279
down €5,279 (-22.7%), from €23,287 to €18,009
- Gross operating margin +€5,015
up €5,015 (+12.9%), from €38,884 to €43,899
- Depreciation +€4,559
up €4,559 (+293%), from €1,558 to €6,117
- Taxes +€3,584
new in 2025: €3,584
- Other operating charges -€510
down €510 (-48.1%), from €1,060 to €550
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 | €17,066 | €34,949 | +€17,883 | +105% |
| Fixed assets | 21/28 | €3,042 | €21,925 | +€18,883 | +621% |
| Tangible fixed assets | 22/27 | €3,042 | €21,925 | +€18,883 | +621% |
| Plant, machinery and equipment | 23 | €811 | €444 | -€367 | -45.2% |
| Furniture and vehicles | 24 | €2,231 | €21,481 | +€19,250 | +863% |
| Current assets | 29/58 | €14,024 | €13,024 | -€1,000 | -7.1% |
| Amounts receivable within one year | 40/41 | €12,315 | €9,892 | -€2,423 | -19.7% |
| Trade receivables | 40 | €2,437 | €3,637 | +€1,200 | +49.3% |
| Other amounts receivable | 41 | €9,878 | €6,254 | -€3,623 | -36.7% |
| Cash at bank and in hand | 54/58 | €1,709 | €3,132 | +€1,423 | +83.2% |
| Total equity and liabilities | 10/49 | €17,066 | €34,949 | +€17,883 | +105% |
| Equity | 10/15 | €12,251 | €26,384 | +€14,133 | +115% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,251 | €25,384 | +€14,133 | +126% |
| Amounts payable | 17/49 | €4,815 | €8,565 | +€3,750 | +77.9% |
| Amounts payable within one year | 42/48 | €4,815 | €8,565 | +€3,750 | +77.9% |
| Trade debts | 44 | €4,000 | €629 | -€3,371 | -84.3% |
| Suppliers | 440/4 | €4,000 | €629 | -€3,371 | -84.3% |
| Taxes, remuneration and social security | 45 | €815 | €7,936 | +€7,121 | +874% |
| Taxes | 450/3 | - | €3,584 | +€3,584 | |
| Remuneration and social security | 454/9 | €815 | €4,352 | +€3,537 | +434% |
| Remuneration, social security and pensions | 62 | €23,287 | €18,009 | -€5,279 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,558 | €6,117 | +€4,559 | +293% |
| Other operating charges | 640/8 | €1,060 | €550 | -€510 | -48.1% |
| Gross operating margin | 9900 | €38,884 | €43,899 | +€5,015 | +12.9% |
| Operating profit (loss) | 9901 | €12,979 | €19,224 | +€6,245 | +48.1% |
| Financial charges | 65/66B | €1,728 | €1,506 | -€222 | -12.8% |
| Recurring financial charges | 65 | €1,728 | €1,506 | -€222 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €11,251 | €17,717 | +€6,466 | +57.5% |
| Income taxes | 67/77 | - | €3,584 | +€3,584 | |
| Profit (loss) for the period | 9904 | €11,251 | €14,133 | +€2,882 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,251 | €14,133 | +€2,882 | +25.6% |
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 15 October 2026 via checked.be.