ZOEVA: what changed
ZOEVA
Largest movements
- Receivables within one year -€131,383
down €131,383 (-26.1%), from €503,942 to €372,559
of which Other amounts receivable: -€82,672
- Cash +€15,713
up €15,713 (+22.5%), from €69,911 to €85,623
mainly Receivables within one year (+€131,383) and Net result for the year (+€89,921)
- Deferred charges and accrued income +€15,383
new in 2025: €15,383
- Other debts -€108,717
down €108,717 (-54.4%), from €200,000 to €91,283
- Reserves +€89,921
up €89,921 (+14.7%), from €610,784 to €700,705
of which Distributable reserves: +€91,781
- Current portion of long-term debt -€26,575
down €26,575 (-53.2%), from €50,000 to €23,424
- Debts after one year -€23,424
down €23,424 (-100%), from €23,424 to €0
- Tax, wage and social debts -€21,453
down €21,453 (-34.5%), from €62,188 to €40,735
of which Taxes: -€21,409
- Gross operating margin -€610,858
down €610,858 (-79.4%), from €769,046 to €158,189
- Financial income -€128,429
down €128,429 (-84.4%), from €152,147 to €23,718
of which Non-recurring financial income: -€147,849
- Taxes -€32,528
down €32,528 (-55.5%), from €58,624 to €26,096
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,941 | €915,415 | -€95,526 | -9.4% |
| Fixed assets | 21/28 | €248,089 | €252,850 | +€4,761 | +1.9% |
| Tangible fixed assets | 22/27 | €14,005 | €18,765 | +€4,761 | +34.0% |
| Furniture and vehicles | 24 | €14,005 | €18,765 | +€4,761 | +34.0% |
| Financial fixed assets | 28 | €234,084 | €234,084 | = | 0.0% |
| Current assets | 29/58 | €762,852 | €662,565 | -€100,287 | -13.1% |
| Amounts receivable after more than one year | 29 | €189,000 | €189,000 | = | 0.0% |
| Other amounts receivable | 291 | €189,000 | €189,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €503,942 | €372,559 | -€131,383 | -26.1% |
| Trade receivables | 40 | €164,571 | €115,860 | -€48,710 | -29.6% |
| Other amounts receivable | 41 | €339,371 | €256,699 | -€82,672 | -24.4% |
| Cash at bank and in hand | 54/58 | €69,911 | €85,623 | +€15,713 | +22.5% |
| Deferred charges and accrued income | 490/1 | - | €15,383 | +€15,383 | |
| Total equity and liabilities | 10/49 | €1,010,941 | €915,415 | -€95,526 | -9.4% |
| Equity | 10/15 | €629,384 | €719,305 | +€89,921 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €610,784 | €700,705 | +€89,921 | +14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €608,924 | €700,705 | +€91,781 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €381,557 | €196,110 | -€185,448 | -48.6% |
| Amounts payable after more than one year | 17 | €23,424 | €0 | -€23,424 | -100% |
| Financial debts | 170/4 | €23,424 | €0 | -€23,424 | -100% |
| Amounts payable within one year | 42/48 | €358,133 | €196,110 | -€162,023 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €23,424 | -€26,575 | -53.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €45,945 | €40,668 | -€5,277 | -11.5% |
| Suppliers | 440/4 | €45,945 | €40,668 | -€5,277 | -11.5% |
| Taxes, remuneration and social security | 45 | €62,188 | €40,735 | -€21,453 | -34.5% |
| Taxes | 450/3 | €52,175 | €30,767 | -€21,409 | -41.0% |
| Remuneration and social security | 454/9 | €10,013 | €9,968 | -€45 | -0.4% |
| Other amounts payable | 47/48 | €200,000 | €91,283 | -€108,717 | -54.4% |
| Non-recurring operating income | 76A | - | €785 | +€785 | |
| Remuneration, social security and pensions | 62 | €54,759 | €57,741 | +€2,982 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €4,815 | +€2,470 | +105% |
| Other operating charges | 640/8 | €1,351 | €1,818 | +€467 | +34.5% |
| Gross operating margin | 9900 | €769,046 | €158,189 | -€610,858 | -79.4% |
| Operating profit (loss) | 9901 | €710,590 | €93,815 | -€616,776 | -86.8% |
| Financial income | 75/76B | €152,147 | €23,718 | -€128,429 | -84.4% |
| Recurring financial income | 75 | €4,298 | €23,718 | +€19,420 | +452% |
| Non-recurring financial income | 76B | €147,849 | €0 | -€147,849 | -100% |
| Financial charges | 65/66B | €7,160 | €1,515 | -€5,645 | -78.8% |
| Recurring financial charges | 65 | €7,160 | €1,515 | -€5,645 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €855,577 | €116,017 | -€739,560 | -86.4% |
| Income taxes | 67/77 | €58,624 | €26,096 | -€32,528 | -55.5% |
| Profit (loss) for the period | 9904 | €796,953 | €89,921 | -€707,032 | -88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €796,953 | €89,921 | -€707,032 | -88.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.