ZOE VERJANS: 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 VERJANS
Largest movements
- Tangible fixed assets -€11,155
down €11,155 (-35.3%), from €31,601 to €20,445
- Cash +€7,671
up €7,671 (+248%), from €3,093 to €10,764
mainly Debts after one year (+€46,769) and Depreciation (+€16,254)
- Intangible fixed assets -€3,400
down €3,400 (-10.4%), from €32,685 to €29,285
- Deferred charges and accrued income +€2,193
new in 2025: €2,193
- Receivables within one year +€1,306
up €1,306 (+15.3%), from €8,523 to €9,828
of which Other amounts receivable: +€3,919
- Other debts -€63,963
down €63,963 (-91.3%), from €70,023 to €6,060
- Debts after one year +€46,769
new in 2025: €46,769
- Current portion of long-term debt +€12,902
new in 2025: €12,902
- Profit (loss) carried forward -€10,844
down €10,844, from €1,428 to -€9,416
- Trade debts +€7,385
up €7,385 (+502%), from €1,471 to €8,856
- Depreciation +€10,114
up €10,114 (+165%), from €6,140 to €16,254
- Financial charges +€1,814
up €1,814 (+4,762%), from €38 to €1,852
- Gross operating margin -€853
down €853 (-8.9%), from €9,615 to €8,762
- Taxes -€549
down €549 (-33.7%), from €1,630 to €1,081
- Other operating charges +€116
up €116 (+30.0%), from €387 to €504
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 | €78,021 | €74,182 | -€3,839 | -4.9% |
| Formation expenses | 20 | €2,119 | €1,666 | -€454 | -21.4% |
| Fixed assets | 21/28 | €64,286 | €49,731 | -€14,555 | -22.6% |
| Intangible fixed assets | 21 | €32,685 | €29,285 | -€3,400 | -10.4% |
| Tangible fixed assets | 22/27 | €31,601 | €20,445 | -€11,155 | -35.3% |
| Furniture and vehicles | 24 | €31,601 | €20,445 | -€11,155 | -35.3% |
| Current assets | 29/58 | €11,616 | €22,785 | +€11,170 | +96.2% |
| Amounts receivable within one year | 40/41 | €8,523 | €9,828 | +€1,306 | +15.3% |
| Trade receivables | 40 | €7,152 | €4,539 | -€2,614 | -36.5% |
| Other amounts receivable | 41 | €1,370 | €5,290 | +€3,919 | +286% |
| Cash at bank and in hand | 54/58 | €3,093 | €10,764 | +€7,671 | +248% |
| Deferred charges and accrued income | 490/1 | - | €2,193 | +€2,193 | |
| Total equity and liabilities | 10/49 | €78,021 | €74,182 | -€3,839 | -4.9% |
| Equity | 10/15 | €6,428 | -€4,416 | -€10,844 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,428 | -€9,416 | -€10,844 | |
| Amounts payable | 17/49 | €71,593 | €78,597 | +€7,005 | +9.8% |
| Amounts payable after more than one year | 17 | - | €46,769 | +€46,769 | |
| Financial debts | 170/4 | - | €46,769 | +€46,769 | |
| Amounts payable within one year | 42/48 | €71,593 | €31,829 | -€39,764 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,902 | +€12,902 | |
| Financial debts | 43 | €3 | €12 | +€9 | +308% |
| Credit institutions | 430/8 | €3 | €12 | +€9 | +308% |
| Trade debts | 44 | €1,471 | €8,856 | +€7,385 | +502% |
| Suppliers | 440/4 | €1,471 | €8,856 | +€7,385 | +502% |
| Taxes, remuneration and social security | 45 | €97 | €4,000 | +€3,903 | +4,042% |
| Taxes | 450/3 | €97 | €4,000 | +€3,903 | +4,042% |
| Other amounts payable | 47/48 | €70,023 | €6,060 | -€63,963 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,140 | €16,254 | +€10,114 | +165% |
| Other operating charges | 640/8 | €387 | €504 | +€116 | +30.0% |
| Gross operating margin | 9900 | €9,615 | €8,762 | -€853 | -8.9% |
| Operating profit (loss) | 9901 | €3,088 | -€7,996 | -€11,084 | |
| Financial income | 75/76B | €8 | €84 | +€77 | +1,005% |
| Recurring financial income | 75 | €8 | €84 | +€77 | +1,005% |
| Financial charges | 65/66B | €38 | €1,852 | +€1,814 | +4,762% |
| Recurring financial charges | 65 | €38 | €1,852 | +€1,814 | +4,762% |
| Profit (loss) for the period before taxes | 9903 | €3,058 | -€9,763 | -€12,821 | |
| Income taxes | 67/77 | €1,630 | €1,081 | -€549 | -33.7% |
| Profit (loss) for the period | 9904 | €1,428 | -€10,844 | -€12,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,428 | -€10,844 | -€12,272 |
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 21 October 2026 via checked.be.