ZEFRITRANS: 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.
ZEFRITRANS
Largest movements
- Cash +€9,286
up €9,286 (+84.5%), from €10,989 to €20,275
mainly Depreciation (+€6,050) and Net result for the year (+€3,554)
- Tangible fixed assets -€4,870
down €4,870 (-29.3%), from €16,595 to €11,725
- Receivables within one year -€941
down €941 (-14.9%), from €6,307 to €5,366
of which Other amounts receivable: -€3,067
- Profit (loss) carried forward +€3,554
up €3,554 (+17.5%), from €20,264 to €23,818
- Trade debts +€535
up €535 (+404.3%), from €132 to €667
- Gross operating margin +€7,192
up €7,192 (+94.9%), from €7,576 to €14,769
- Turnover +€4,347
up €4,347 (+5.8%), from €74,448 to €78,795
- Staff costs +€3,450
new in 2025: €3,450
- Taxes -€3,242
down €3,242 (-97.6%), from €3,323 to €80
- Purchases and services -€2,845
down €2,845 (-4.3%), from €66,871 to €64,026
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 | €33,891 | €37,366 | +€3,475 | +10.3% |
| Fixed assets | 21/28 | €16,595 | €11,725 | -€4,870 | -29.3% |
| Tangible fixed assets | 22/27 | €16,595 | €11,725 | -€4,870 | -29.3% |
| Furniture and vehicles | 24 | €16,595 | €11,725 | -€4,870 | -29.3% |
| Current assets | 29/58 | €17,296 | €25,641 | +€8,345 | +48.3% |
| Amounts receivable within one year | 40/41 | €6,307 | €5,366 | -€941 | -14.9% |
| Trade receivables | 40 | €1,706 | €3,832 | +€2,126 | +124.6% |
| Other amounts receivable | 41 | €4,600 | €1,534 | -€3,067 | -66.7% |
| Cash at bank and in hand | 54/58 | €10,989 | €20,275 | +€9,286 | +84.5% |
| Total equity and liabilities | 10/49 | €33,891 | €37,366 | +€3,475 | +10.3% |
| Equity | 10/15 | €32,664 | €36,218 | +€3,554 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,264 | €23,818 | +€3,554 | +17.5% |
| Amounts payable | 17/49 | €1,227 | €1,148 | -€79 | -6.4% |
| Amounts payable within one year | 42/48 | €1,227 | €1,148 | -€79 | -6.4% |
| Trade debts | 44 | €132 | €667 | +€535 | +404.3% |
| Suppliers | 440/4 | €132 | €667 | +€535 | +404.3% |
| Taxes, remuneration and social security | 45 | €369 | €32 | -€337 | -91.4% |
| Taxes | 450/3 | €369 | €32 | -€337 | -91.4% |
| Other amounts payable | 47/48 | €726 | €449 | -€277 | -38.1% |
| Turnover | 70 | €74,448 | €78,795 | +€4,347 | +5.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,871 | €64,026 | -€2,845 | -4.3% |
| Remuneration, social security and pensions | 62 | - | €3,450 | +€3,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,672 | €6,050 | +€378 | +6.7% |
| Other operating charges | 640/8 | €1,404 | €1,366 | -€38 | -2.7% |
| Gross operating margin | 9900 | €7,576 | €14,769 | +€7,192 | +94.9% |
| Operating profit (loss) | 9901 | €501 | €3,903 | +€3,402 | +679.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €233 | €269 | +€36 | +15.6% |
| Recurring financial charges | 65 | €233 | €269 | +€36 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €268 | €3,634 | +€3,367 | +1257.8% |
| Income taxes | 67/77 | €3,323 | €80 | -€3,242 | -97.6% |
| Profit (loss) for the period | 9904 | -€3,055 | €3,554 | +€6,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,055 | €3,554 | +€6,609 |
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 3 October 2026 via checked.be.