ZAPER: what changed
Two fiscal 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.
ZAPER
Largest movements
- Receivables within one year +€179
up €179 (+63.8%), from €280 to €459
of which Trade receivables: +€258
- Cash -€51
down €51 (-1.5%), from €3,344 to €3,294
mainly Trade debts (-€4,904) and Receivables within one year (-€179)
- Trade debts -€4,904
down €4,904 (-95.1%), from €5,158 to €255
- Profit (loss) carried forward +€3,346
up €3,346 (+12.9%), from -€25,845 to -€22,498
- Tax, wage and social debts +€1,669
up €1,669 (+33.4%), from €4,993 to €6,662
of which Remuneration and social security: +€2,908
- Turnover -€151,656
no longer reported in 2025 (was €151,656)
- Purchases and services -€93,908
no longer reported in 2025 (was €93,908)
- Gross operating margin +€15,501
up €15,501 (+26.8%), from €57,748 to €73,250
- Staff costs +€5,590
up €5,590 (+8.9%), from €62,782 to €68,371
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 | €3,891 | €4,002 | +€111 | +2.9% |
| Fixed assets | 21/28 | €266 | €250 | -€16 | -6.2% |
| Tangible fixed assets | 22/27 | €16 | - | -€16 | |
| Furniture and vehicles | 24 | €16 | - | -€16 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €3,624 | €3,752 | +€128 | +3.5% |
| Amounts receivable within one year | 40/41 | €280 | €459 | +€179 | +63.8% |
| Trade receivables | 40 | - | €258 | +€258 | |
| Other amounts receivable | 41 | €280 | €201 | -€79 | -28.2% |
| Cash at bank and in hand | 54/58 | €3,344 | €3,294 | -€51 | -1.5% |
| Total equity and liabilities | 10/49 | €3,891 | €4,002 | +€111 | +2.9% |
| Equity | 10/15 | -€6,261 | -€2,914 | +€3,346 | +53.5% |
| Contributions | 10/11 | €19,584 | €19,584 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,845 | -€22,498 | +€3,346 | +12.9% |
| Amounts payable | 17/49 | €10,152 | €6,917 | -€3,235 | -31.9% |
| Amounts payable within one year | 42/48 | €10,152 | €6,917 | -€3,235 | -31.9% |
| Trade debts | 44 | €5,158 | €255 | -€4,904 | -95.1% |
| Suppliers | 440/4 | €5,158 | €255 | -€4,904 | -95.1% |
| Taxes, remuneration and social security | 45 | €4,993 | €6,662 | +€1,669 | +33.4% |
| Taxes | 450/3 | €2,521 | €1,282 | -€1,239 | -49.2% |
| Remuneration and social security | 454/9 | €2,473 | €5,380 | +€2,908 | +117.6% |
| Turnover | 70 | €151,656 | - | -€151,656 | |
| Non-recurring operating income | 76A | €0 | €5 | +€5 | +2032.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,908 | - | -€93,908 | |
| Remuneration, social security and pensions | 62 | €62,782 | €68,371 | +€5,590 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €16 | -€1,156 | -98.6% |
| Other operating charges | 640/8 | €1,038 | €1,139 | +€102 | +9.8% |
| Non-recurring operating charges | 66A | €0 | €4 | +€4 | +3061.5% |
| Gross operating margin | 9900 | €57,748 | €73,250 | +€15,501 | +26.8% |
| Operating profit (loss) | 9901 | -€7,244 | €3,718 | +€10,963 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €826 | €372 | -€454 | -55.0% |
| Recurring financial charges | 65 | €826 | €372 | -€454 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,067 | €3,346 | +€11,413 | |
| Profit (loss) for the period | 9904 | -€8,067 | €3,346 | +€11,413 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,067 | €3,346 | +€11,413 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.