ZOLTAN: 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.
ZOLTAN
Largest movements
- Cash +€4,195
up €4,195 (+79.7%), from €5,265 to €9,460
mainly Trade debts (+€2,903) and Receivables within one year (+€2,536)
- Receivables within one year -€2,536
down €2,536 (-9.6%), from €26,511 to €23,975
of which Trade receivables: -€1,575
- Tangible fixed assets -€779
down €779 (-25.4%), from €3,071 to €2,293
of which Plant, machinery and equipment: -€548
- Deferred charges and accrued income +€450
new in 2025: €450
- Other debts -€3,382
down €3,382 (-5.1%), from €66,711 to €63,329
- Trade debts +€2,903
up €2,903, from €0 to €2,903
- Profit (loss) carried forward +€1,591
up €1,591 (+3.2%), from -€49,956 to -€48,365
- Financial charges -€915
down €915 (-87.3%), from €1,048 to €133
of which Non-recurring financial charges: -€804
- Gross operating margin -€82
down €82 (-2.4%), from €3,464 to €3,382
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 | €35,592 | €36,922 | +€1,330 | +3.7% |
| Fixed assets | 21/28 | €3,815 | €3,036 | -€779 | -20.4% |
| Tangible fixed assets | 22/27 | €3,071 | €2,293 | -€779 | -25.4% |
| Plant, machinery and equipment | 23 | €1,443 | €895 | -€548 | -38.0% |
| Other tangible fixed assets | 26 | €1,629 | €1,398 | -€231 | -14.2% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €31,776 | €33,885 | +€2,109 | +6.6% |
| Amounts receivable within one year | 40/41 | €26,511 | €23,975 | -€2,536 | -9.6% |
| Trade receivables | 40 | €1,575 | €0 | -€1,575 | -100.0% |
| Other amounts receivable | 41 | €24,936 | €23,975 | -€961 | -3.9% |
| Cash at bank and in hand | 54/58 | €5,265 | €9,460 | +€4,195 | +79.7% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €35,592 | €36,922 | +€1,330 | +3.7% |
| Equity | 10/15 | -€31,364 | -€29,773 | +€1,591 | +5.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,956 | -€48,365 | +€1,591 | +3.2% |
| Amounts payable | 17/49 | €66,956 | €66,695 | -€261 | -0.4% |
| Amounts payable within one year | 42/48 | €66,956 | €66,695 | -€261 | -0.4% |
| Trade debts | 44 | €0 | €2,903 | +€2,903 | |
| Suppliers | 440/4 | €0 | €2,903 | +€2,903 | |
| Taxes, remuneration and social security | 45 | €245 | €463 | +€218 | +88.8% |
| Taxes | 450/3 | €245 | €463 | +€218 | +88.8% |
| Other amounts payable | 47/48 | €66,711 | €63,329 | -€3,382 | -5.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €779 | = | 0.0% |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €659 | +€659 | |
| Gross operating margin | 9900 | €3,464 | €3,382 | -€82 | -2.4% |
| Operating profit (loss) | 9901 | €2,465 | €1,724 | -€741 | -30.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,048 | €133 | -€915 | -87.3% |
| Recurring financial charges | 65 | €244 | €133 | -€112 | -45.7% |
| Non-recurring financial charges | 66B | €804 | €0 | -€804 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,418 | €1,591 | +€173 | +12.2% |
| Profit (loss) for the period | 9904 | €1,418 | €1,591 | +€173 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,418 | €1,591 | +€173 | +12.2% |
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.