ZEEZOT: 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.
ZEEZOT
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-24.1%), from €51,918 to €39,418
- Tangible fixed assets -€12,146
down €12,146 (-26.2%), from €46,406 to €34,260
of which Other tangible fixed assets: -€11,362
- Receivables within one year -€4,180
down €4,180 (-81.1%), from €5,157 to €977
of which Other amounts receivable: -€4,171
- Cash -€1,992
down €1,992 (-3.8%), from €53,006 to €51,014
mainly Debts after one year (-€24,319) and Trade debts (-€14,526)
- Debts after one year -€24,319
down €24,319 (-100%), from €24,319 to €0
- Trade debts -€14,526
down €14,526 (-27.9%), from €52,019 to €37,492
- Reserves +€6,089
up €6,089 (+27.6%), from €22,035 to €28,124
- Tax, wage and social debts +€3,452
up €3,452 (+19.2%), from €17,990 to €21,441
of which Taxes: +€2,167
- Current portion of long-term debt -€1,664
down €1,664 (-6.4%), from €25,983 to €24,319
- Gross operating margin +€9,371
up €9,371 (+8.2%), from €113,876 to €123,247
- Staff costs -€4,024
down €4,024 (-4.7%), from €85,470 to €81,446
- Taxes +€2,875
up €2,875 (+1,305%), from €220 to €3,096
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 | €163,375 | €131,220 | -€32,155 | -19.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €98,324 | €73,678 | -€24,646 | -25.1% |
| Intangible fixed assets | 21 | €51,918 | €39,418 | -€12,500 | -24.1% |
| Tangible fixed assets | 22/27 | €46,406 | €34,260 | -€12,146 | -26.2% |
| Plant, machinery and equipment | 23 | €1,452 | €318 | -€1,134 | -78.1% |
| Furniture and vehicles | 24 | €41 | €3,853 | +€3,812 | +9,243% |
| Leasing and similar rights | 25 | €4,752 | €1,290 | -€3,462 | -72.9% |
| Other tangible fixed assets | 26 | €40,161 | €28,799 | -€11,362 | -28.3% |
| Current assets | 29/58 | €65,051 | €57,542 | -€7,509 | -11.5% |
| Stocks and contracts in progress | 3 | €5,680 | €5,172 | -€508 | -8.9% |
| Stocks | 30/36 | €5,680 | €5,172 | -€508 | -8.9% |
| Amounts receivable within one year | 40/41 | €5,157 | €977 | -€4,180 | -81.1% |
| Trade receivables | 40 | €515 | €506 | -€9 | -1.8% |
| Other amounts receivable | 41 | €4,642 | €471 | -€4,171 | -89.8% |
| Cash at bank and in hand | 54/58 | €53,006 | €51,014 | -€1,992 | -3.8% |
| Deferred charges and accrued income | 490/1 | €1,207 | €379 | -€829 | -68.6% |
| Total equity and liabilities | 10/49 | €163,375 | €131,220 | -€32,155 | -19.7% |
| Equity | 10/15 | €40,635 | €46,724 | +€6,089 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,035 | €28,124 | +€6,089 | +27.6% |
| Distributable reserves | 133 | €22,035 | €28,124 | +€6,089 | +27.6% |
| Amounts payable | 17/49 | €122,740 | €84,496 | -€38,244 | -31.2% |
| Amounts payable after more than one year | 17 | €24,319 | €0 | -€24,319 | -100% |
| Financial debts | 170/4 | €24,319 | €0 | -€24,319 | -100% |
| Amounts payable within one year | 42/48 | €97,783 | €83,838 | -€13,945 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €25,983 | €24,319 | -€1,664 | -6.4% |
| Trade debts | 44 | €52,019 | €37,492 | -€14,526 | -27.9% |
| Suppliers | 440/4 | €52,019 | €37,492 | -€14,526 | -27.9% |
| Taxes, remuneration and social security | 45 | €17,990 | €21,441 | +€3,452 | +19.2% |
| Taxes | 450/3 | €4,741 | €6,908 | +€2,167 | +45.7% |
| Remuneration and social security | 454/9 | €13,249 | €14,533 | +€1,284 | +9.7% |
| Other amounts payable | 47/48 | €1,792 | €585 | -€1,207 | -67.3% |
| Accrued charges and deferred income | 492/3 | €638 | €658 | +€20 | +3.1% |
| Remuneration, social security and pensions | 62 | €85,470 | €81,446 | -€4,024 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,742 | €29,423 | -€319 | -1.1% |
| Other operating charges | 640/8 | €1,274 | €1,344 | +€70 | +5.5% |
| Gross operating margin | 9900 | €113,876 | €123,247 | +€9,371 | +8.2% |
| Operating profit (loss) | 9901 | -€2,610 | €11,034 | +€13,644 | |
| Financial income | 75/76B | €136 | €25 | -€111 | -81.6% |
| Recurring financial income | 75 | €136 | €25 | -€111 | -81.6% |
| Financial charges | 65/66B | €2,415 | €1,874 | -€541 | -22.4% |
| Recurring financial charges | 65 | €2,415 | €1,874 | -€541 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,889 | €9,185 | +€14,074 | |
| Income taxes | 67/77 | €220 | €3,096 | +€2,875 | +1,305% |
| Profit (loss) for the period | 9904 | -€5,109 | €6,089 | +€11,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,109 | €6,089 | +€11,198 |
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 25 October 2026 via checked.be.