NetZero: 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.
NetZero
Largest movements
- Cash +€19,666
up €19,666 (+223.3%), from €8,807 to €28,473
mainly Net result for the year (+€118,018) and Depreciation (+€9,745)
- Financial fixed assets +€7,875
up €7,875 (+10.5%), from €75,125 to €83,000
- Deferred charges and accrued income -€3,548
down €3,548 (-60.7%), from €5,846 to €2,298
- Reserves +€27,018
up €27,018 (+18.3%), from €147,997 to €175,015
- Taxes -€5,399
down €5,399 (-17.5%), from €30,804 to €25,405
- Other operating charges -€1,782
down €1,782 (-59.5%), from €2,997 to €1,215
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 | €157,597 | €182,825 | +€25,227 | +16.0% |
| Fixed assets | 21/28 | €94,080 | €102,294 | +€8,214 | +8.7% |
| Tangible fixed assets | 22/27 | €18,955 | €19,294 | +€339 | +1.8% |
| Furniture and vehicles | 24 | €18,955 | €10,823 | -€8,132 | -42.9% |
| Other tangible fixed assets | 26 | - | €8,471 | +€8,471 | |
| Financial fixed assets | 28 | €75,125 | €83,000 | +€7,875 | +10.5% |
| Current assets | 29/58 | €63,517 | €80,530 | +€17,013 | +26.8% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,864 | €29,760 | +€896 | +3.1% |
| Trade receivables | 40 | €24,613 | €29,760 | +€5,147 | +20.9% |
| Other amounts receivable | 41 | €4,251 | €0 | -€4,251 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,807 | €28,473 | +€19,666 | +223.3% |
| Deferred charges and accrued income | 490/1 | €5,846 | €2,298 | -€3,548 | -60.7% |
| Total equity and liabilities | 10/49 | €157,597 | €182,825 | +€25,227 | +16.0% |
| Equity | 10/15 | €152,997 | €180,015 | +€27,018 | +17.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €147,997 | €175,015 | +€27,018 | +18.3% |
| Distributable reserves | 133 | €147,997 | €175,015 | +€27,018 | +18.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,601 | €2,810 | -€1,791 | -38.9% |
| Amounts payable within one year | 42/48 | €4,601 | €2,810 | -€1,791 | -38.9% |
| Trade debts | 44 | €890 | €233 | -€657 | -73.8% |
| Suppliers | 440/4 | €890 | €233 | -€657 | -73.8% |
| Taxes, remuneration and social security | 45 | €3,711 | €2,559 | -€1,151 | -31.0% |
| Taxes | 450/3 | €3,711 | €2,559 | -€1,151 | -31.0% |
| Other amounts payable | 47/48 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,045 | €9,745 | +€700 | +7.7% |
| Other operating charges | 640/8 | €2,997 | €1,215 | -€1,782 | -59.5% |
| Gross operating margin | 9900 | €153,271 | €154,442 | +€1,171 | +0.8% |
| Operating profit (loss) | 9901 | €141,229 | €143,483 | +€2,254 | +1.6% |
| Financial income | 75/76B | €1,512 | €0 | -€1,512 | -100.0% |
| Recurring financial income | 75 | €1,512 | €0 | -€1,512 | -100.0% |
| Financial charges | 65/66B | €476 | €60 | -€416 | -87.5% |
| Recurring financial charges | 65 | €476 | €60 | -€416 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €142,265 | €143,423 | +€1,158 | +0.8% |
| Income taxes | 67/77 | €30,804 | €25,405 | -€5,399 | -17.5% |
| Profit (loss) for the period | 9904 | €111,460 | €118,018 | +€6,558 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €111,460 | €118,018 | +€6,558 | +5.9% |
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 12 October 2026 via checked.be.