ZEAGLE: 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.
ZEAGLE
Largest movements
- Cash +€8,455
up €8,455 (+240.9%), from €3,510 to €11,965
mainly Other debts (+€24,241) and Depreciation (+€2,603)
- Receivables within one year +€8,370
up €8,370 (+136.2%), from €6,147 to €14,518
of which Trade receivables: +€8,551
- Tangible fixed assets -€1,083
down €1,083 (-10.3%), from €10,524 to €9,441
of which Land and buildings: -€580
- Other debts +€24,241
up €24,241 (+610.0%), from €3,974 to €28,215
- Tax, wage and social debts -€4,338
down €4,338 (-88.0%), from €4,931 to €593
of which Remuneration and social security: -€2,722
- Profit (loss) carried forward -€2,368
down €2,368 (-20.0%), from -€11,857 to -€14,226
- Trade debts -€1,555
down €1,555 (-56.9%), from €2,730 to €1,176
- Gross operating margin +€35,593
up €35,593, from -€32,353 to €3,241
- Depreciation +€879
up €879 (+51.0%), from €1,724 to €2,603
- Other operating charges -€406
down €406 (-28.9%), from €1,402 to €996
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 | €20,238 | €36,218 | +€15,980 | +79.0% |
| Fixed assets | 21/28 | €10,524 | €9,441 | -€1,083 | -10.3% |
| Tangible fixed assets | 22/27 | €10,524 | €9,441 | -€1,083 | -10.3% |
| Land and buildings | 22 | €2,812 | €2,232 | -€580 | -20.6% |
| Plant, machinery and equipment | 23 | €1,580 | €1,207 | -€373 | -23.6% |
| Furniture and vehicles | 24 | €6,131 | €6,002 | -€130 | -2.1% |
| Current assets | 29/58 | €9,714 | €26,777 | +€17,063 | +175.6% |
| Amounts receivable after more than one year | 29 | - | €236 | +€236 | |
| Other amounts receivable | 291 | - | €236 | +€236 | |
| Amounts receivable within one year | 40/41 | €6,147 | €14,518 | +€8,370 | +136.2% |
| Trade receivables | 40 | €4,316 | €12,866 | +€8,551 | +198.1% |
| Other amounts receivable | 41 | €1,832 | €1,651 | -€181 | -9.9% |
| Cash at bank and in hand | 54/58 | €3,510 | €11,965 | +€8,455 | +240.9% |
| Deferred charges and accrued income | 490/1 | €58 | €59 | +€1 | +2.0% |
| Total equity and liabilities | 10/49 | €20,238 | €36,218 | +€15,980 | +79.0% |
| Equity | 10/15 | €8,603 | €6,234 | -€2,368 | -27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,857 | -€14,226 | -€2,368 | -20.0% |
| Amounts payable | 17/49 | €11,635 | €29,984 | +€18,348 | +157.7% |
| Amounts payable within one year | 42/48 | €11,635 | €29,984 | +€18,348 | +157.7% |
| Trade debts | 44 | €2,730 | €1,176 | -€1,555 | -56.9% |
| Suppliers | 440/4 | €2,730 | €1,176 | -€1,555 | -56.9% |
| Taxes, remuneration and social security | 45 | €4,931 | €593 | -€4,338 | -88.0% |
| Taxes | 450/3 | €2,208 | €593 | -€1,615 | -73.1% |
| Remuneration and social security | 454/9 | €2,722 | - | -€2,722 | |
| Other amounts payable | 47/48 | €3,974 | €28,215 | +€24,241 | +610.0% |
| Non-recurring operating income | 76A | €19,500 | - | -€19,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,724 | €2,603 | +€879 | +51.0% |
| Other operating charges | 640/8 | €1,402 | €996 | -€406 | -28.9% |
| Gross operating margin | 9900 | -€32,353 | €3,241 | +€35,593 | |
| Operating profit (loss) | 9901 | -€35,479 | -€359 | +€35,120 | +99.0% |
| Financial income | 75/76B | €0 | €94 | +€94 | +66842.9% |
| Recurring financial income | 75 | €0 | €94 | +€94 | +66842.9% |
| Financial charges | 65/66B | €1,650 | €1,861 | +€211 | +12.8% |
| Recurring financial charges | 65 | €1,650 | €1,861 | +€211 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,128 | -€2,126 | +€35,002 | +94.3% |
| Income taxes | 67/77 | €352 | €243 | -€110 | -31.1% |
| Profit (loss) for the period | 9904 | -€37,481 | -€2,368 | +€35,112 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,481 | -€2,368 | +€35,112 | +93.7% |
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.