ZOULOU: 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.
ZOULOU
Largest movements
- Receivables within one year -€291,136
down €291,136 (-37.2%), from €782,214 to €491,078
of which Other amounts receivable: -€318,544
- Cash +€158,531
up €158,531 (+345%), from €45,991 to €204,522
mainly Receivables within one year (+€291,136) and Depreciation (+€8,753)
- Other debts -€115,334
down €115,334 (-28.8%), from €399,971 to €284,638
- Trade debts -€13,309
down €13,309 (-64.6%), from €20,603 to €7,294
- Gross operating margin +€12,936
up €12,936 (+41.7%), from €31,036 to €43,971
- Financial income -€2,711
down €2,711 (-100.0%), from €2,712 to €0
- Financial charges +€1,199
up €1,199 (+290%), from €414 to €1,613
- Staff costs -€1,067
down €1,067 (-2.8%), from €38,274 to €37,207
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 | €951,317 | €811,345 | -€139,972 | -14.7% |
| Fixed assets | 21/28 | €117,438 | €108,685 | -€8,753 | -7.5% |
| Tangible fixed assets | 22/27 | €117,438 | €108,685 | -€8,753 | -7.5% |
| Furniture and vehicles | 24 | €175 | €24 | -€151 | -86.5% |
| Other tangible fixed assets | 26 | €117,263 | €108,661 | -€8,602 | -7.3% |
| Current assets | 29/58 | €833,878 | €702,660 | -€131,218 | -15.7% |
| Stocks and contracts in progress | 3 | €5,555 | €6,304 | +€749 | +13.5% |
| Stocks | 30/36 | €5,555 | €6,304 | +€749 | +13.5% |
| Amounts receivable within one year | 40/41 | €782,214 | €491,078 | -€291,136 | -37.2% |
| Trade receivables | 40 | €7,505 | €34,912 | +€27,408 | +365% |
| Other amounts receivable | 41 | €774,709 | €456,166 | -€318,544 | -41.1% |
| Cash at bank and in hand | 54/58 | €45,991 | €204,522 | +€158,531 | +345% |
| Deferred charges and accrued income | 490/1 | €118 | €756 | +€638 | +541% |
| Total equity and liabilities | 10/49 | €951,317 | €811,345 | -€139,972 | -14.7% |
| Equity | 10/15 | €523,923 | €519,137 | -€4,786 | -0.9% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,077 | -€80,863 | -€4,786 | -6.3% |
| Amounts payable | 17/49 | €427,394 | €292,208 | -€135,186 | -31.6% |
| Amounts payable within one year | 42/48 | €427,394 | €292,208 | -€135,186 | -31.6% |
| Trade debts | 44 | €20,603 | €7,294 | -€13,309 | -64.6% |
| Suppliers | 440/4 | €20,603 | €7,294 | -€13,309 | -64.6% |
| Taxes, remuneration and social security | 45 | €6,819 | €276 | -€6,543 | -95.9% |
| Taxes | 450/3 | €175 | €0 | -€175 | -100% |
| Remuneration and social security | 454/9 | €6,644 | €276 | -€6,368 | -95.8% |
| Other amounts payable | 47/48 | €399,971 | €284,638 | -€115,334 | -28.8% |
| Non-recurring operating income | 76A | - | €4,385 | +€4,385 | |
| Remuneration, social security and pensions | 62 | €38,274 | €37,207 | -€1,067 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,688 | €8,753 | +€65 | +0.7% |
| Other operating charges | 640/8 | €1,305 | €1,183 | -€122 | -9.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,036 | €43,971 | +€12,936 | +41.7% |
| Operating profit (loss) | 9901 | -€17,232 | -€3,173 | +€14,059 | +81.6% |
| Financial income | 75/76B | €2,712 | €0 | -€2,711 | -100.0% |
| Recurring financial income | 75 | €2,712 | €0 | -€2,711 | -100.0% |
| Financial charges | 65/66B | €414 | €1,613 | +€1,199 | +290% |
| Recurring financial charges | 65 | €414 | €1,613 | +€1,199 | +290% |
| Profit (loss) for the period before taxes | 9903 | -€14,935 | -€4,786 | +€10,149 | +68.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€14,935 | -€4,786 | +€10,149 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,935 | -€4,786 | +€10,149 | +68.0% |
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 19 October 2026 via checked.be.