IMMO ZETHA: 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.
IMMO ZETHA
Largest movements
- Tangible fixed assets -€9,181
down €9,181 (-2.9%), from €319,426 to €310,245
- Other debts +€54,500
up €54,500 (+24.5%), from €222,845 to €277,345
- Debts after one year -€40,175
down €40,175 (-79.9%), from €50,301 to €10,127
- Profit (loss) carried forward -€24,180
down €24,180 (-52.6%), from -€45,973 to -€70,153
- Gross operating margin -€3,707
down €3,707 (-61.0%), from -€6,074 to -€9,781
- Financial charges -€563
down €563 (-35.9%), from €1,568 to €1,005
- Other operating charges +€354
up €354 (+9.2%), from €3,860 to €4,213
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 | €321,933 | €313,116 | -€8,817 | -2.7% |
| Fixed assets | 21/28 | €319,426 | €310,245 | -€9,181 | -2.9% |
| Tangible fixed assets | 22/27 | €319,426 | €310,245 | -€9,181 | -2.9% |
| Land and buildings | 22 | €319,426 | €310,245 | -€9,181 | -2.9% |
| Current assets | 29/58 | €2,507 | €2,871 | +€364 | +14.5% |
| Amounts receivable within one year | 40/41 | €210 | €0 | -€210 | -100.0% |
| Trade receivables | 40 | €114 | €0 | -€114 | -100.0% |
| Other amounts receivable | 41 | €96 | €0 | -€96 | -100.0% |
| Cash at bank and in hand | 54/58 | €207 | €677 | +€470 | +227.5% |
| Deferred charges and accrued income | 490/1 | €2,091 | €2,194 | +€104 | +5.0% |
| Total equity and liabilities | 10/49 | €321,933 | €313,116 | -€8,817 | -2.7% |
| Equity | 10/15 | €9,028 | -€15,153 | -€24,180 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,973 | -€70,153 | -€24,180 | -52.6% |
| Amounts payable | 17/49 | €312,905 | €328,269 | +€15,364 | +4.9% |
| Amounts payable after more than one year | 17 | €50,301 | €10,127 | -€40,175 | -79.9% |
| Financial debts | 170/4 | €50,301 | €10,127 | -€40,175 | -79.9% |
| Amounts payable within one year | 42/48 | €262,604 | €318,142 | +€55,538 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €39,645 | €40,175 | +€529 | +1.3% |
| Trade debts | 44 | €114 | €623 | +€509 | +447.5% |
| Suppliers | 440/4 | €114 | €623 | +€509 | +447.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €222,845 | €277,345 | +€54,500 | +24.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,181 | €9,181 | = | 0.0% |
| Other operating charges | 640/8 | €3,860 | €4,213 | +€354 | +9.2% |
| Gross operating margin | 9900 | -€6,074 | -€9,781 | -€3,707 | -61.0% |
| Operating profit (loss) | 9901 | -€19,114 | -€23,175 | -€4,061 | -21.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,568 | €1,005 | -€563 | -35.9% |
| Recurring financial charges | 65 | €1,568 | €1,005 | -€563 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,683 | -€24,180 | -€3,498 | -16.9% |
| Profit (loss) for the period | 9904 | -€20,683 | -€24,180 | -€3,498 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,683 | -€24,180 | -€3,498 | -16.9% |
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 10 October 2026 via checked.be.