ZULFO GROUP: 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.
ZULFO GROUP
Largest movements
- Receivables within one year +€67
up €67 (+35.1%), from €192 to €259
- Other debts +€860
up €860 (+562%), from €153 to €1,013
- Profit (loss) carried forward -€750
down €750 (-25.0%), from -€3,004 to -€3,754
- Debts after one year -€43
no longer reported in 2024 (was €43)
- Gross operating margin +€2,365
up €2,365 (+79.8%), from -€2,965 to -€600
- Financial charges +€111
up €111 (+285%), from €39 to €150
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192 | €259 | +€67 | +35.1% |
| Current assets | 29/58 | €192 | €259 | +€67 | +35.1% |
| Amounts receivable within one year | 40/41 | €192 | €259 | +€67 | +35.1% |
| Other amounts receivable | 41 | €192 | €259 | +€67 | +35.1% |
| Total equity and liabilities | 10/49 | €192 | €259 | +€67 | +35.1% |
| Equity | 10/15 | -€4 | -€754 | -€750 | -17,313% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | - | €3,000 | +€3,000 | |
| Issued capital | 100 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€3,004 | -€3,754 | -€750 | -25.0% |
| Amounts payable | 17/49 | €196 | €1,013 | +€817 | +416% |
| Amounts payable after more than one year | 17 | €43 | - | -€43 | |
| Financial debts | 170/4 | €43 | - | -€43 | |
| Amounts payable within one year | 42/48 | €153 | €1,013 | +€860 | +562% |
| Other amounts payable | 47/48 | €153 | €1,013 | +€860 | +562% |
| Gross operating margin | 9900 | -€2,965 | -€600 | +€2,365 | +79.8% |
| Operating profit (loss) | 9901 | -€2,965 | -€600 | +€2,365 | +79.8% |
| Financial charges | 65/66B | €39 | €150 | +€111 | +285% |
| Recurring financial charges | 65 | €39 | €150 | +€111 | +285% |
| Profit (loss) for the period before taxes | 9903 | -€3,004 | -€750 | +€2,254 | +75.0% |
| Profit (loss) for the period | 9904 | -€3,004 | -€750 | +€2,254 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,004 | -€750 | +€2,254 | +75.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.