Zoli 99: 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.
Zoli 99
Largest movements
- Receivables within one year +€4.0m
new in 2025: €4.0m
of which Trade receivables: +€4.0m
- Stocks and contracts +€293,303
up €293,303 (+19.0%), from €1.5m to €1.8m
- Cash -€153,810
down €153,810 (-66.8%), from €230,379 to €76,569
mainly Receivables within one year (-€4.0m) and Stocks and contracts (-€293,303)
- Trade debts +€4.2m
up €4.2m (+381%), from €1.1m to €5.3m
- Gross operating margin +€543,883
up €543,883 (+39.6%), from €1.4m to €1.9m
- Other operating charges +€520,070
up €520,070 (+675%), from €77,039 to €597,108
- Staff costs +€181,931
up €181,931 (+20.7%), from €879,596 to €1.1m
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 | €2,171,760 | €6,349,019 | +€4.2m | +192% |
| Formation expenses | 20 | €412 | €0 | -€412 | -100.0% |
| Fixed assets | 21/28 | €359,878 | €424,095 | +€64,217 | +17.8% |
| Tangible fixed assets | 22/27 | €327,865 | €382,082 | +€54,217 | +16.5% |
| Land and buildings | 22 | €240,979 | €227,700 | -€13,279 | -5.5% |
| Plant, machinery and equipment | 23 | €0 | €22,603 | +€22,603 | |
| Furniture and vehicles | 24 | €80,487 | €45,205 | -€35,282 | -43.8% |
| Other tangible fixed assets | 26 | €6,399 | €86,573 | +€80,175 | +1,253% |
| Financial fixed assets | 28 | €32,014 | €42,014 | +€10,000 | +31.2% |
| Current assets | 29/58 | €1,811,469 | €5,924,923 | +€4.1m | +227% |
| Stocks and contracts in progress | 3 | €1,545,675 | €1,838,977 | +€293,303 | +19.0% |
| Stocks | 30/36 | €1,545,675 | €1,838,977 | +€293,303 | +19.0% |
| Amounts receivable within one year | 40/41 | - | €3,998,857 | +€4.0m | |
| Trade receivables | 40 | - | €3,971,257 | +€4.0m | |
| Other amounts receivable | 41 | - | €27,600 | +€27,600 | |
| Cash at bank and in hand | 54/58 | €230,379 | €76,569 | -€153,810 | -66.8% |
| Deferred charges and accrued income | 490/1 | €35,416 | €10,519 | -€24,896 | -70.3% |
| Total equity and liabilities | 10/49 | €2,171,760 | €6,349,019 | +€4.2m | +192% |
| Equity | 10/15 | €344,527 | €344,797 | +€270 | +0.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334,527 | €334,797 | +€270 | +0.1% |
| Amounts payable | 17/49 | €1,827,233 | €6,004,222 | +€4.2m | +229% |
| Amounts payable within one year | 42/48 | €1,820,424 | €6,001,211 | +€4.2m | +230% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,102,650 | €5,307,763 | +€4.2m | +381% |
| Suppliers | 440/4 | €1,102,650 | €5,307,763 | +€4.2m | +381% |
| Taxes, remuneration and social security | 45 | €717,774 | €693,448 | -€24,326 | -3.4% |
| Taxes | 450/3 | €468,940 | €312,576 | -€156,365 | -33.3% |
| Remuneration and social security | 454/9 | €248,834 | €380,872 | +€132,039 | +53.1% |
| Accrued charges and deferred income | 492/3 | €6,809 | €3,010 | -€3,799 | -55.8% |
| Non-recurring operating income | 76A | - | €340 | +€340 | |
| Remuneration, social security and pensions | 62 | €879,596 | €1,061,527 | +€181,931 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,605 | €73,795 | -€17,810 | -19.4% |
| Other operating charges | 640/8 | €77,039 | €597,108 | +€520,070 | +675% |
| Gross operating margin | 9900 | €1,373,418 | €1,917,301 | +€543,883 | +39.6% |
| Operating profit (loss) | 9901 | €325,179 | €184,871 | -€140,308 | -43.1% |
| Financial income | 75/76B | €1,457 | €1 | -€1,456 | -100.0% |
| Recurring financial income | 75 | €1,457 | €1 | -€1,456 | -100.0% |
| Financial charges | 65/66B | €54,638 | €72,517 | +€17,879 | +32.7% |
| Recurring financial charges | 65 | €54,638 | €72,517 | +€17,879 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €271,997 | €112,354 | -€159,643 | -58.7% |
| Income taxes | 67/77 | €126,891 | €112,084 | -€14,807 | -11.7% |
| Profit (loss) for the period | 9904 | €145,106 | €270 | -€144,836 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €145,106 | €270 | -€144,836 | -99.8% |
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 23 October 2026 via checked.be.