ZOLPA: 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.
ZOLPA
Largest movements
- Cash +€91,014
up €91,014 (+289%), from €31,448 to €122,462
mainly Net result for the year (+€72,874) and Depreciation (+€15,647)
- Tangible fixed assets -€13,189
down €13,189 (-27.1%), from €48,582 to €35,394
- Reserves +€72,874
up €72,874 (+299%), from €24,376 to €97,251
- Trade debts +€5,443
up €5,443 (+3,533%), from €154 to €5,597
- Gross operating margin +€107,995
up €107,995 (+541%), from €19,956 to €127,950
- Taxes +€36,521
up €36,521 (+2,227%), from €1,640 to €38,161
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 | €104,411 | €181,968 | +€77,557 | +74.3% |
| Fixed assets | 21/28 | €48,582 | €35,394 | -€13,189 | -27.1% |
| Tangible fixed assets | 22/27 | €48,582 | €35,394 | -€13,189 | -27.1% |
| Furniture and vehicles | 24 | €48,582 | €35,394 | -€13,189 | -27.1% |
| Current assets | 29/58 | €55,829 | €146,575 | +€90,746 | +163% |
| Amounts receivable within one year | 40/41 | €24,381 | €24,113 | -€268 | -1.1% |
| Trade receivables | 40 | €24,140 | €24,108 | -€31 | -0.1% |
| Other amounts receivable | 41 | €242 | €5 | -€236 | -97.9% |
| Cash at bank and in hand | 54/58 | €31,448 | €122,462 | +€91,014 | +289% |
| Total equity and liabilities | 10/49 | €104,411 | €181,968 | +€77,557 | +74.3% |
| Equity | 10/15 | €58,226 | €131,100 | +€72,874 | +125% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,376 | €97,251 | +€72,874 | +299% |
| Distributable reserves | 133 | €24,376 | €97,251 | +€72,874 | +299% |
| Profit (loss) carried forward | 14 | €27,649 | €27,649 | +€0 | 0.0% |
| Amounts payable | 17/49 | €46,185 | €50,868 | +€4,683 | +10.1% |
| Amounts payable within one year | 42/48 | €46,185 | €50,868 | +€4,683 | +10.1% |
| Trade debts | 44 | €154 | €5,597 | +€5,443 | +3,533% |
| Suppliers | 440/4 | €154 | €5,597 | +€5,443 | +3,533% |
| Taxes, remuneration and social security | 45 | €44,408 | €44,899 | +€491 | +1.1% |
| Taxes | 450/3 | €44,408 | €44,899 | +€491 | +1.1% |
| Other amounts payable | 47/48 | €1,623 | €372 | -€1,251 | -77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,137 | €15,647 | +€511 | +3.4% |
| Other operating charges | 640/8 | €1,017 | €1,042 | +€25 | +2.5% |
| Gross operating margin | 9900 | €19,956 | €127,950 | +€107,995 | +541% |
| Operating profit (loss) | 9901 | €3,802 | €111,261 | +€107,459 | +2,826% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €258 | €226 | -€32 | -12.6% |
| Recurring financial charges | 65 | €258 | €226 | -€32 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €3,544 | €111,035 | +€107,491 | +3,033% |
| Income taxes | 67/77 | €1,640 | €38,161 | +€36,521 | +2,227% |
| Profit (loss) for the period | 9904 | €1,904 | €72,874 | +€70,970 | +3,727% |
| Profit (loss) for the period to be appropriated | 9905 | €1,904 | €72,874 | +€70,970 | +3,727% |
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 17 October 2026 via checked.be.