Zoë Vydt: 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.
Zoë Vydt
Largest movements
- Cash +€50,704
up €50,704 (+40.9%), from €123,990 to €174,694
mainly Net result for the year (+€65,321) and Other debts (+€25,000)
- Receivables within one year +€2,163
up €2,163 (+15.0%), from €14,377 to €16,540
of which Trade receivables: +€1,678
- Reserves +€40,321
up €40,321 (+34.7%), from €116,072 to €156,393
- Other debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€11,926
down €11,926 (-39.7%), from €30,005 to €18,079
- Gross operating margin -€6,076
down €6,076 (-6.4%), from €94,396 to €88,320
- Financial charges +€2,138
up €2,138 (+251%), from €850 to €2,989
- Taxes -€2,044
down €2,044 (-10.7%), from €19,114 to €17,070
- Depreciation +€1,509
up €1,509 (+95.8%), from €1,575 to €3,084
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 | €147,293 | €200,475 | +€53,182 | +36.1% |
| Fixed assets | 21/28 | €8,926 | €9,240 | +€315 | +3.5% |
| Tangible fixed assets | 22/27 | €8,926 | €9,240 | +€315 | +3.5% |
| Furniture and vehicles | 24 | €8,926 | €9,240 | +€315 | +3.5% |
| Current assets | 29/58 | €138,367 | €191,234 | +€52,867 | +38.2% |
| Amounts receivable within one year | 40/41 | €14,377 | €16,540 | +€2,163 | +15.0% |
| Trade receivables | 40 | €13,639 | €15,317 | +€1,678 | +12.3% |
| Other amounts receivable | 41 | €738 | €1,223 | +€485 | +65.7% |
| Cash at bank and in hand | 54/58 | €123,990 | €174,694 | +€50,704 | +40.9% |
| Total equity and liabilities | 10/49 | €147,293 | €200,475 | +€53,182 | +36.1% |
| Equity | 10/15 | €116,572 | €156,893 | +€40,321 | +34.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €116,072 | €156,393 | +€40,321 | +34.7% |
| Distributable reserves | 133 | €116,072 | €156,393 | +€40,321 | +34.7% |
| Amounts payable | 17/49 | €30,721 | €43,581 | +€12,861 | +41.9% |
| Amounts payable within one year | 42/48 | €30,721 | €43,581 | +€12,861 | +41.9% |
| Trade debts | 44 | €715 | €503 | -€213 | -29.8% |
| Suppliers | 440/4 | €715 | €503 | -€213 | -29.8% |
| Taxes, remuneration and social security | 45 | €30,005 | €18,079 | -€11,926 | -39.7% |
| Taxes | 450/3 | €30,005 | €18,079 | -€11,926 | -39.7% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,575 | €3,084 | +€1,509 | +95.8% |
| Other operating charges | 640/8 | €549 | €503 | -€46 | -8.4% |
| Gross operating margin | 9900 | €94,396 | €88,320 | -€6,076 | -6.4% |
| Operating profit (loss) | 9901 | €92,232 | €84,733 | -€7,499 | -8.1% |
| Financial income | 75/76B | €164 | €647 | +€483 | +294% |
| Recurring financial income | 75 | €164 | €647 | +€483 | +294% |
| Financial charges | 65/66B | €850 | €2,989 | +€2,138 | +251% |
| Recurring financial charges | 65 | €850 | €2,989 | +€2,138 | +251% |
| Profit (loss) for the period before taxes | 9903 | €91,546 | €82,391 | -€9,154 | -10.0% |
| Income taxes | 67/77 | €19,114 | €17,070 | -€2,044 | -10.7% |
| Profit (loss) for the period | 9904 | €72,431 | €65,321 | -€7,110 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,431 | €65,321 | -€7,110 | -9.8% |
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 28 October 2026 via checked.be.