ZEDD architecture: 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.
ZEDD architecture
Largest movements
- Tangible fixed assets -€6,924
down €6,924 (-80.9%), from €8,559 to €1,635
- Receivables within one year +€3,495
up €3,495 (+411%), from €850 to €4,345
- Current investments +€886
up €886 (+8.6%), from €10,357 to €11,243
- Cash +€680
up €680 (+28.3%), from €2,402 to €3,082
mainly Trade debts (+€14,210) and Depreciation (+€9,018)
- Trade debts +€14,210
up €14,210 (+446%), from €3,185 to €17,395
- Profit (loss) carried forward -€6,878
down €6,878 (-87.0%), from -€7,904 to -€14,782
- Debts after one year -€5,006
no longer reported in 2025 (was €5,006)
- Other debts -€2,761
down €2,761 (-85.2%), from €3,241 to €480
- Tax, wage and social debts -€1,031
down €1,031 (-19.4%), from €5,320 to €4,289
- Purchases and services +€18,789
up €18,789 (+19.0%), from €98,756 to €117,545
- Turnover +€14,155
up €14,155 (+12.5%), from €113,344 to €127,499
- Gross operating margin -€4,648
down €4,648 (-31.3%), from €14,858 to €10,209
- Taxes -€1,518
down €1,518 (-71.5%), from €2,124 to €606
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 | €22,316 | €20,454 | -€1,863 | -8.3% |
| Fixed assets | 21/28 | €8,559 | €1,635 | -€6,924 | -80.9% |
| Tangible fixed assets | 22/27 | €8,559 | €1,635 | -€6,924 | -80.9% |
| Furniture and vehicles | 24 | €8,559 | €1,635 | -€6,924 | -80.9% |
| Current assets | 29/58 | €13,757 | €18,819 | +€5,061 | +36.8% |
| Amounts receivable after more than one year | 29 | €149 | €149 | = | 0.0% |
| Trade receivables | 290 | €149 | €149 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €850 | €4,345 | +€3,495 | +411% |
| Trade receivables | 40 | €850 | €4,345 | +€3,495 | +411% |
| Current investments | 50/53 | €10,357 | €11,243 | +€886 | +8.6% |
| Cash at bank and in hand | 54/58 | €2,402 | €3,082 | +€680 | +28.3% |
| Total equity and liabilities | 10/49 | €22,316 | €20,454 | -€1,863 | -8.3% |
| Equity | 10/15 | €161 | -€6,716 | -€6,878 | |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Contributions outside capital | 11 | €6,205 | €6,205 | = | 0.0% |
| Other | 1109/19 | €6,205 | €6,205 | = | 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 | -€7,904 | -€14,782 | -€6,878 | -87.0% |
| Amounts payable | 17/49 | €22,155 | €27,170 | +€5,015 | +22.6% |
| Amounts payable after more than one year | 17 | €5,006 | - | -€5,006 | |
| Financial debts | 170/4 | €5,006 | - | -€5,006 | |
| Amounts payable within one year | 42/48 | €17,149 | €27,170 | +€10,021 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €5,403 | €5,006 | -€397 | -7.4% |
| Trade debts | 44 | €3,185 | €17,395 | +€14,210 | +446% |
| Suppliers | 440/4 | €3,185 | €17,395 | +€14,210 | +446% |
| Taxes, remuneration and social security | 45 | €5,320 | €4,289 | -€1,031 | -19.4% |
| Taxes | 450/3 | €5,320 | €4,289 | -€1,031 | -19.4% |
| Other amounts payable | 47/48 | €3,241 | €480 | -€2,761 | -85.2% |
| Turnover | 70 | €113,344 | €127,499 | +€14,155 | +12.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,756 | €117,545 | +€18,789 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,469 | €9,018 | -€451 | -4.8% |
| Other operating charges | 640/8 | €2,043 | €1,125 | -€918 | -44.9% |
| Non-recurring operating charges | 66A | €5,075 | €6,130 | +€1,055 | +20.8% |
| Gross operating margin | 9900 | €14,858 | €10,209 | -€4,648 | -31.3% |
| Operating profit (loss) | 9901 | -€1,730 | -€6,064 | -€4,334 | -251% |
| Financial income | 75/76B | €3 | €1 | -€3 | -83.3% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -83.3% |
| Financial charges | 65/66B | €738 | €209 | -€529 | -71.7% |
| Recurring financial charges | 65 | €738 | €209 | -€529 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,464 | -€6,272 | -€3,808 | -155% |
| Income taxes | 67/77 | €2,124 | €606 | -€1,518 | -71.5% |
| Profit (loss) for the period | 9904 | -€4,588 | -€6,878 | -€2,289 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,588 | -€6,878 | -€2,289 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.