ZULTE TRADE: 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.
ZULTE TRADE
Largest movements
- Cash +€23,317
up €23,317 (+190%), from €12,268 to €35,585
mainly Trade debts (+€26,103) and Tax, wage and social debts (+€7,320)
- Stocks and contracts +€3,564
up €3,564 (+9.9%), from €36,113 to €39,677
- Trade debts +€26,103
up €26,103 (+137%), from €19,056 to €45,159
- Short-term financial debts -€9,614
no longer reported in 2024 (was €9,614)
- Tax, wage and social debts +€7,320
up €7,320 (+67.1%), from €10,903 to €18,223
of which Remuneration and social security: +€3,813
- Profit (loss) carried forward +€2,909
up €2,909 (+34.2%), from €8,498 to €11,407
- Turnover +€64,081
up €64,081 (+15.8%), from €406,365 to €470,446
- Purchases and services +€32,581
up €32,581 (+8.1%), from €402,206 to €434,787
- Gross operating margin +€31,500
up €31,500 (+757%), from €4,159 to €35,659
- Staff costs +€26,735
up €26,735 (+2,032%), from €1,316 to €28,051
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,602 | €80,320 | +€26,718 | +49.8% |
| Current assets | 29/58 | €53,602 | €80,320 | +€26,718 | +49.8% |
| Stocks and contracts in progress | 3 | €36,113 | €39,677 | +€3,564 | +9.9% |
| Stocks | 30/36 | €36,113 | €39,677 | +€3,564 | +9.9% |
| Amounts receivable within one year | 40/41 | €5,221 | €5,058 | -€163 | -3.1% |
| Other amounts receivable | 41 | €5,221 | €5,058 | -€163 | -3.1% |
| Cash at bank and in hand | 54/58 | €12,268 | €35,585 | +€23,317 | +190% |
| Total equity and liabilities | 10/49 | €53,602 | €80,320 | +€26,718 | +49.8% |
| Equity | 10/15 | €14,029 | €16,938 | +€2,909 | +20.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €531 | €531 | = | 0.0% |
| Non-distributable reserves | 130/1 | €531 | €531 | = | 0.0% |
| Legal reserve | 130 | €531 | - | -€531 | |
| Reserves not available under the articles | 1311 | - | €531 | +€531 | |
| Profit (loss) carried forward | 14 | €8,498 | €11,407 | +€2,909 | +34.2% |
| Amounts payable | 17/49 | €39,573 | €63,382 | +€23,809 | +60.2% |
| Amounts payable within one year | 42/48 | €39,573 | €63,382 | +€23,809 | +60.2% |
| Financial debts | 43 | €9,614 | - | -€9,614 | |
| Credit institutions | 430/8 | €9,614 | - | -€9,614 | |
| Trade debts | 44 | €19,056 | €45,159 | +€26,103 | +137% |
| Suppliers | 440/4 | €19,056 | €45,159 | +€26,103 | +137% |
| Taxes, remuneration and social security | 45 | €10,903 | €18,223 | +€7,320 | +67.1% |
| Taxes | 450/3 | €4,731 | €8,238 | +€3,507 | +74.1% |
| Remuneration and social security | 454/9 | €6,172 | €9,985 | +€3,813 | +61.8% |
| Turnover | 70 | €406,365 | €470,446 | +€64,081 | +15.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €402,206 | €434,787 | +€32,581 | +8.1% |
| Remuneration, social security and pensions | 62 | €1,316 | €28,051 | +€26,735 | +2,032% |
| Other operating charges | 640/8 | €146 | €3,819 | +€3,673 | +2,516% |
| Gross operating margin | 9900 | €4,159 | €35,659 | +€31,500 | +757% |
| Operating profit (loss) | 9901 | €2,697 | €3,789 | +€1,092 | +40.5% |
| Financial charges | 65/66B | €145 | €153 | +€8 | +5.5% |
| Recurring financial charges | 65 | €145 | €153 | +€8 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €2,552 | €3,636 | +€1,084 | +42.5% |
| Income taxes | 67/77 | €485 | €727 | +€242 | +49.9% |
| Profit (loss) for the period | 9904 | €2,067 | €2,909 | +€842 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,067 | €2,909 | +€842 | +40.7% |
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 27 October 2026 via checked.be.