ZECLUB: 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.
ZECLUB
Largest movements
- Tangible fixed assets -€2,992
down €2,992 (-51.7%), from €5,783 to €2,792
of which Furniture and vehicles: -€2,589
- Receivables within one year +€1,163
up €1,163 (+87.7%), from €1,326 to €2,489
of which Other amounts receivable: +€750
- Financial fixed assets -€278
no longer reported in 2025 (was €278)
- Profit (loss) carried forward -€3,382
down €3,382 (-66.2%), from €5,112 to €1,730
- Trade debts +€1,274
up €1,274 (+1,052%), from €121 to €1,396
- Gross operating margin -€5,150
down €5,150, from €4,347 to -€803
- Taxes -€1,155
no longer reported in 2025 (was €1,155)
- Other operating charges -€760
no longer reported in 2025 (was €760)
- Financial income -€441
no longer reported in 2025 (was €441)
- Depreciation -€223
down €223 (-16.8%), from €1,326 to €1,102
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 | €7,388 | €5,281 | -€2,107 | -28.5% |
| Fixed assets | 21/28 | €6,061 | €2,792 | -€3,269 | -53.9% |
| Tangible fixed assets | 22/27 | €5,783 | €2,792 | -€2,992 | -51.7% |
| Plant, machinery and equipment | 23 | €1,410 | €1,007 | -€403 | -28.6% |
| Furniture and vehicles | 24 | €4,374 | €1,785 | -€2,589 | -59.2% |
| Financial fixed assets | 28 | €278 | - | -€278 | |
| Current assets | 29/58 | €1,327 | €2,489 | +€1,162 | +87.6% |
| Amounts receivable within one year | 40/41 | €1,326 | €2,489 | +€1,163 | +87.7% |
| Trade receivables | 40 | - | €413 | +€413 | |
| Other amounts receivable | 41 | €1,326 | €2,076 | +€750 | +56.5% |
| Cash at bank and in hand | 54/58 | €1 | - | -€1 | |
| Total equity and liabilities | 10/49 | €7,388 | €5,281 | -€2,107 | -28.5% |
| Equity | 10/15 | €6,112 | €2,730 | -€3,382 | -55.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,112 | €1,730 | -€3,382 | -66.2% |
| Amounts payable | 17/49 | €1,276 | €2,551 | +€1,274 | +99.9% |
| Amounts payable within one year | 42/48 | €1,276 | €2,551 | +€1,274 | +99.9% |
| Trade debts | 44 | €121 | €1,396 | +€1,274 | +1,052% |
| Suppliers | 440/4 | €121 | €1,396 | +€1,274 | +1,052% |
| Taxes, remuneration and social security | 45 | €1,155 | €1,155 | = | 0.0% |
| Taxes | 450/3 | €1,155 | €1,155 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,326 | €1,102 | -€223 | -16.8% |
| Other operating charges | 640/8 | €760 | - | -€760 | |
| Non-recurring operating charges | 66A | - | €1,476 | +€1,476 | |
| Gross operating margin | 9900 | €4,347 | -€803 | -€5,150 | |
| Operating profit (loss) | 9901 | €2,261 | -€3,382 | -€5,643 | |
| Financial income | 75/76B | €441 | - | -€441 | |
| Recurring financial income | 75 | €441 | - | -€441 | |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €2,700 | -€3,382 | -€6,082 | |
| Income taxes | 67/77 | €1,155 | - | -€1,155 | |
| Profit (loss) for the period | 9904 | €1,545 | -€3,382 | -€4,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,545 | -€3,382 | -€4,927 |
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 30 October 2026 via checked.be.