ZS CONSULTING: 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.
ZS CONSULTING
Largest movements
- Receivables within one year +€24,780
up €24,780 (+57.7%), from €42,942 to €67,722
of which Other amounts receivable: +€23,841
- Cash -€16,520
down €16,520 (-59.8%), from €27,605 to €11,085
mainly Receivables within one year (-€24,780) and Tax, wage and social debts (-€11,654)
- Tangible fixed assets -€1,533
down €1,533 (-11.1%), from €13,813 to €12,281
of which Land and buildings: -€1,841
- Deferred charges and accrued income -€1,186
down €1,186 (-60.5%), from €1,961 to €774
- Reserves +€15,740
up €15,740 (+30.9%), from €50,980 to €66,720
- Tax, wage and social debts -€11,654
down €11,654 (-46.6%), from €24,994 to €13,340
- Trade debts +€1,462
up €1,462 (+30.2%), from €4,839 to €6,301
- Gross operating margin -€47,997
down €47,997 (-64.6%), from €74,285 to €26,288
- Taxes -€13,001
down €13,001 (-65.8%), from €19,769 to €6,769
- Financial income +€1,960
up €1,960 (+214%), from €916 to €2,876
- Financial charges +€1,475
up €1,475 (+104%), from €1,420 to €2,896
- Depreciation +€788
up €788 (+30.6%), from €2,579 to €3,367
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 | €86,322 | €91,862 | +€5,541 | +6.4% |
| Fixed assets | 21/28 | €13,813 | €12,281 | -€1,533 | -11.1% |
| Tangible fixed assets | 22/27 | €13,813 | €12,281 | -€1,533 | -11.1% |
| Land and buildings | 22 | €9,827 | €7,986 | -€1,841 | -18.7% |
| Plant, machinery and equipment | 23 | €1,970 | €2,718 | +€748 | +38.0% |
| Furniture and vehicles | 24 | €2,016 | €1,576 | -€440 | -21.8% |
| Current assets | 29/58 | €72,508 | €79,582 | +€7,074 | +9.8% |
| Amounts receivable within one year | 40/41 | €42,942 | €67,722 | +€24,780 | +57.7% |
| Trade receivables | 40 | €12,100 | €13,039 | +€939 | +7.8% |
| Other amounts receivable | 41 | €30,842 | €54,683 | +€23,841 | +77.3% |
| Cash at bank and in hand | 54/58 | €27,605 | €11,085 | -€16,520 | -59.8% |
| Deferred charges and accrued income | 490/1 | €1,961 | €774 | -€1,186 | -60.5% |
| Total equity and liabilities | 10/49 | €86,322 | €91,862 | +€5,541 | +6.4% |
| Equity | 10/15 | €56,489 | €72,221 | +€15,732 | +27.9% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €50,980 | €66,720 | +€15,740 | +30.9% |
| Distributable reserves | 133 | €50,980 | €66,720 | +€15,740 | +30.9% |
| Profit (loss) carried forward | 14 | €9 | €1 | -€8 | -87.1% |
| Amounts payable | 17/49 | €29,833 | €19,641 | -€10,192 | -34.2% |
| Amounts payable within one year | 42/48 | €29,833 | €19,641 | -€10,192 | -34.2% |
| Trade debts | 44 | €4,839 | €6,301 | +€1,462 | +30.2% |
| Suppliers | 440/4 | €4,839 | €6,301 | +€1,462 | +30.2% |
| Taxes, remuneration and social security | 45 | €24,994 | €13,340 | -€11,654 | -46.6% |
| Taxes | 450/3 | €24,994 | €13,340 | -€11,654 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,579 | €3,367 | +€788 | +30.6% |
| Other operating charges | 640/8 | €444 | €401 | -€43 | -9.7% |
| Gross operating margin | 9900 | €74,285 | €26,288 | -€47,997 | -64.6% |
| Operating profit (loss) | 9901 | €71,262 | €22,520 | -€48,742 | -68.4% |
| Financial income | 75/76B | €916 | €2,876 | +€1,960 | +214% |
| Recurring financial income | 75 | €916 | €2,876 | +€1,960 | +214% |
| Financial charges | 65/66B | €1,420 | €2,896 | +€1,475 | +104% |
| Recurring financial charges | 65 | €1,420 | €2,896 | +€1,475 | +104% |
| Profit (loss) for the period before taxes | 9903 | €70,758 | €22,501 | -€48,257 | -68.2% |
| Income taxes | 67/77 | €19,769 | €6,769 | -€13,001 | -65.8% |
| Profit (loss) for the period | 9904 | €50,989 | €15,732 | -€35,257 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,989 | €15,732 | -€35,257 | -69.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.