ZEA TECH: 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.
ZEA TECH
Largest movements
- Receivables within one year +€119,304
up €119,304 (+24.7%), from €482,081 to €601,385
of which Other amounts receivable: +€161,030
- Tangible fixed assets +€10,962
up €10,962 (+21.5%), from €51,051 to €62,013
of which Plant, machinery and equipment: +€9,454
- Other debts +€268,796
new in 2025: €268,796
- Reserves -€151,360
down €151,360 (-36.8%), from €411,290 to €259,929
- Tax, wage and social debts +€116,742
up €116,742 (+105.2%), from €110,978 to €227,720
of which Taxes: +€107,329
- Trade debts -€78,418
down €78,418 (-99.5%), from €78,785 to €368
- Current portion of long-term debt -€9,576
down €9,576 (-15.8%), from €60,718 to €51,142
- Staff costs +€95,011
up €95,011 (+25.1%), from €379,202 to €474,213
- Gross operating margin +€52,706
up €52,706 (+6.4%), from €821,995 to €874,701
- Depreciation -€18,069
down €18,069 (-28.9%), from €62,440 to €44,371
- Taxes -€12,291
down €12,291 (-12.1%), from €101,707 to €89,416
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 | €702,907 | €841,629 | +€138,723 | +19.7% |
| Fixed assets | 21/28 | €51,051 | €62,013 | +€10,962 | +21.5% |
| Tangible fixed assets | 22/27 | €51,051 | €62,013 | +€10,962 | +21.5% |
| Plant, machinery and equipment | 23 | - | €9,454 | +€9,454 | |
| Furniture and vehicles | 24 | €51,051 | €52,558 | +€1,508 | +3.0% |
| Current assets | 29/58 | €651,856 | €779,617 | +€127,761 | +19.6% |
| Amounts receivable within one year | 40/41 | €482,081 | €601,385 | +€119,304 | +24.7% |
| Trade receivables | 40 | €353,742 | €312,017 | -€41,725 | -11.8% |
| Other amounts receivable | 41 | €128,338 | €289,368 | +€161,030 | +125.5% |
| Cash at bank and in hand | 54/58 | €165,212 | €166,990 | +€1,778 | +1.1% |
| Deferred charges and accrued income | 490/1 | €4,563 | €11,242 | +€6,678 | +146.3% |
| Total equity and liabilities | 10/49 | €702,907 | €841,629 | +€138,723 | +19.7% |
| Equity | 10/15 | €416,290 | €264,929 | -€151,360 | -36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €411,290 | €259,929 | -€151,360 | -36.8% |
| Distributable reserves | 133 | €411,290 | €259,929 | -€151,360 | -36.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €286,617 | €576,700 | +€290,083 | +101.2% |
| Amounts payable after more than one year | 17 | €36,135 | €28,674 | -€7,461 | -20.6% |
| Financial debts | 170/4 | €36,135 | €28,674 | -€7,461 | -20.6% |
| Amounts payable within one year | 42/48 | €250,482 | €548,026 | +€297,544 | +118.8% |
| Current portion of amounts payable after more than one year | 42 | €60,718 | €51,142 | -€9,576 | -15.8% |
| Trade debts | 44 | €78,785 | €368 | -€78,418 | -99.5% |
| Suppliers | 440/4 | €78,785 | €368 | -€78,418 | -99.5% |
| Taxes, remuneration and social security | 45 | €110,978 | €227,720 | +€116,742 | +105.2% |
| Taxes | 450/3 | €101,616 | €208,944 | +€107,329 | +105.6% |
| Remuneration and social security | 454/9 | €9,363 | €18,776 | +€9,413 | +100.5% |
| Other amounts payable | 47/48 | - | €268,796 | +€268,796 | |
| Remuneration, social security and pensions | 62 | €379,202 | €474,213 | +€95,011 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,440 | €44,371 | -€18,069 | -28.9% |
| Other operating charges | 640/8 | €8,423 | €4,887 | -€3,536 | -42.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €821,995 | €874,701 | +€52,706 | +6.4% |
| Operating profit (loss) | 9901 | €371,930 | €351,230 | -€20,700 | -5.6% |
| Financial income | 75/76B | €3,608 | €4,352 | +€744 | +20.6% |
| Recurring financial income | 75 | €3,608 | €4,352 | +€744 | +20.6% |
| Financial charges | 65/66B | €5,346 | €6,098 | +€752 | +14.1% |
| Recurring financial charges | 65 | €5,346 | €6,098 | +€752 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €370,192 | €349,484 | -€20,707 | -5.6% |
| Income taxes | 67/77 | €101,707 | €89,416 | -€12,291 | -12.1% |
| Profit (loss) for the period | 9904 | €268,485 | €260,068 | -€8,417 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €268,485 | €260,068 | -€8,417 | -3.1% |
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.