ZEBAA: 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.
ZEBAA
Largest movements
- Receivables within one year +€37,732
up €37,732 (+18.0%), from €209,047 to €246,779
of which Trade receivables: +€35,975
- Stocks and contracts -€19,829
no longer reported in 2025 (was €19,829)
- Cash +€2,610
new in 2025: €2,610
mainly Other debts (+€30,521) and Tax, wage and social debts (+€20,126)
- Trade debts -€32,286
down €32,286 (-14.7%), from €220,296 to €188,010
- Other debts +€30,521
new in 2025: €30,521
- Tax, wage and social debts +€20,126
up €20,126 (+407%), from €4,950 to €25,076
of which Remuneration and social security: +€16,836
- Turnover -€236,406
no longer reported in 2025 (was €236,406)
- Purchases and services -€194,301
no longer reported in 2025 (was €194,301)
- Gross operating margin -€20,753
down €20,753 (-90.6%), from €22,905 to €2,152
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.
Derived cash bridge
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 | €228,876 | €249,389 | +€20,513 | +9.0% |
| Current assets | 29/58 | €228,876 | €249,389 | +€20,513 | +9.0% |
| Stocks and contracts in progress | 3 | €19,829 | - | -€19,829 | |
| Stocks | 30/36 | €19,829 | - | -€19,829 | |
| Amounts receivable within one year | 40/41 | €209,047 | €246,779 | +€37,732 | +18.0% |
| Trade receivables | 40 | €202,252 | €238,227 | +€35,975 | +17.8% |
| Other amounts receivable | 41 | €6,795 | €8,552 | +€1,757 | +25.9% |
| Cash at bank and in hand | 54/58 | - | €2,610 | +€2,610 | |
| Total equity and liabilities | 10/49 | €228,876 | €249,389 | +€20,513 | +9.0% |
| Equity | 10/15 | €3,630 | €5,782 | +€2,152 | +59.3% |
| Contributions | 10/11 | €1,020 | €1,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,610 | €4,762 | +€2,152 | +82.5% |
| Amounts payable | 17/49 | €225,246 | €243,607 | +€18,361 | +8.2% |
| Amounts payable within one year | 42/48 | €225,246 | €243,607 | +€18,361 | +8.2% |
| Trade debts | 44 | €220,296 | €188,010 | -€32,286 | -14.7% |
| Suppliers | 440/4 | €220,296 | €188,010 | -€32,286 | -14.7% |
| Taxes, remuneration and social security | 45 | €4,950 | €25,076 | +€20,126 | +407% |
| Taxes | 450/3 | €4,950 | €8,240 | +€3,290 | +66.5% |
| Remuneration and social security | 454/9 | - | €16,836 | +€16,836 | |
| Other amounts payable | 47/48 | - | €30,521 | +€30,521 | |
| Turnover | 70 | €236,406 | - | -€236,406 | |
| Goods, raw materials, services and sundry goods | 60/61 | €194,301 | - | -€194,301 | |
| Gross operating margin | 9900 | €22,905 | €2,152 | -€20,753 | -90.6% |
| Operating profit (loss) | 9901 | €22,905 | €2,152 | -€20,753 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €22,905 | €2,152 | -€20,753 | -90.6% |
| Profit (loss) for the period | 9904 | €22,905 | €2,152 | -€20,753 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,905 | €2,152 | -€20,753 | -90.6% |
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 16 October 2026 via checked.be.