Zofel: 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.
Zofel
Largest movements
- Receivables after one year +€3,158
up €3,158 (+4.0%), from €78,956 to €82,114
- Receivables within one year -€2,006
down €2,006 (-6.8%), from €29,494 to €27,488
- Deferred charges and accrued income -€1,666
no longer reported in 2025 (was €1,666)
- Cash -€1,470
down €1,470 (-98.0%), from €1,500 to €30
mainly Receivables after one year (-€3,158) and Trade debts (-€1,044)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€11,180
up €11,180 (+75.1%), from -€14,889 to -€3,709
- Other operating charges -€284
down €284 (-37.9%), from €749 to €465
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.
Cash bridge derived
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 | €111,616 | €109,632 | -€1,984 | -1.8% |
| Current assets | 29/58 | €111,616 | €109,632 | -€1,984 | -1.8% |
| Amounts receivable after more than one year | 29 | €78,956 | €82,114 | +€3,158 | +4.0% |
| Other amounts receivable | 291 | €78,956 | €82,114 | +€3,158 | +4.0% |
| Amounts receivable within one year | 40/41 | €29,494 | €27,488 | -€2,006 | -6.8% |
| Other amounts receivable | 41 | €29,494 | €27,488 | -€2,006 | -6.8% |
| Cash at bank and in hand | 54/58 | €1,500 | €30 | -€1,470 | -98.0% |
| Deferred charges and accrued income | 490/1 | €1,666 | - | -€1,666 | |
| Total equity and liabilities | 10/49 | €111,616 | €109,632 | -€1,984 | -1.8% |
| Equity | 10/15 | €105,993 | €106,039 | +€46 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,513 | €108,513 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €106,513 | €106,513 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,520 | -€22,474 | +€46 | +0.2% |
| Amounts payable | 17/49 | €5,623 | €3,593 | -€2,029 | -36.1% |
| Amounts payable within one year | 42/48 | €4,956 | €3,593 | -€1,363 | -27.5% |
| Trade debts | 44 | €4,627 | €3,583 | -€1,044 | -22.6% |
| Suppliers | 440/4 | €4,627 | €3,583 | -€1,044 | -22.6% |
| Taxes, remuneration and social security | 45 | €329 | €10 | -€319 | -97.0% |
| Taxes | 450/3 | €329 | €10 | -€319 | -97.0% |
| Accrued charges and deferred income | 492/3 | €666 | - | -€666 | |
| Other operating charges | 640/8 | €749 | €465 | -€284 | -37.9% |
| Gross operating margin | 9900 | -€14,889 | -€3,709 | +€11,180 | +75.1% |
| Operating profit (loss) | 9901 | -€15,638 | -€4,175 | +€11,464 | +73.3% |
| Financial income | 75/76B | €4,449 | €4,412 | -€37 | -0.8% |
| Recurring financial income | 75 | €4,449 | €4,412 | -€37 | -0.8% |
| Financial charges | 65/66B | €238 | €182 | -€56 | -23.7% |
| Recurring financial charges | 65 | €238 | €182 | -€56 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,428 | €56 | +€11,483 | |
| Income taxes | 67/77 | €104 | €10 | -€94 | -90.5% |
| Profit (loss) for the period | 9904 | -€11,531 | €46 | +€11,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,531 | €46 | +€11,577 |
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 8 October 2026 via checked.be.