Zeitgeistnet: 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.
Zeitgeistnet
Largest movements
- Receivables within one year +€129,436
up €129,436 (+36.7%), from €353,003 to €482,439
of which Other amounts receivable: +€91,479
- Cash +€20,064
up €20,064 (+176.4%), from €11,376 to €31,440
mainly Net result for the year (+€67,511) and Trade debts (+€58,906)
- Reserves +€67,511
up €67,511 (+10.5%), from €644,588 to €712,098
of which Distributable reserves: +€67,511
- Trade debts +€58,906
up €58,906 (+1189.7%), from €4,952 to €63,858
- Tax, wage and social debts +€15,812
up €15,812 (+30.8%), from €51,313 to €67,125
- Gross operating margin +€9,865
up €9,865 (+12.2%), from €80,898 to €90,762
- Taxes -€2,679
down €2,679 (-7.2%), from €37,454 to €34,775
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 | €918,510 | €1,060,015 | +€141,504 | +15.4% |
| Fixed assets | 21/28 | €553,816 | €546,136 | -€7,681 | -1.4% |
| Tangible fixed assets | 22/27 | €13,886 | €6,206 | -€7,681 | -55.3% |
| Land and buildings | 22 | €1,650 | €1,375 | -€275 | -16.7% |
| Furniture and vehicles | 24 | €12,236 | €4,831 | -€7,406 | -60.5% |
| Financial fixed assets | 28 | €539,930 | €539,930 | = | 0.0% |
| Current assets | 29/58 | €364,694 | €513,879 | +€149,185 | +40.9% |
| Amounts receivable within one year | 40/41 | €353,003 | €482,439 | +€129,436 | +36.7% |
| Trade receivables | 40 | €19,022 | €56,979 | +€37,957 | +199.5% |
| Other amounts receivable | 41 | €333,981 | €425,460 | +€91,479 | +27.4% |
| Cash at bank and in hand | 54/58 | €11,376 | €31,440 | +€20,064 | +176.4% |
| Deferred charges and accrued income | 490/1 | €315 | - | -€315 | |
| Total equity and liabilities | 10/49 | €918,510 | €1,060,015 | +€141,504 | +15.4% |
| Equity | 10/15 | €785,188 | €852,698 | +€67,511 | +8.6% |
| Contributions | 10/11 | €140,600 | €140,600 | = | 0.0% |
| Reserves | 13 | €644,588 | €712,098 | +€67,511 | +10.5% |
| Non-distributable reserves | 130/1 | €13,170 | €13,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,170 | €13,170 | = | 0.0% |
| Distributable reserves | 133 | €631,418 | €698,928 | +€67,511 | +10.7% |
| Provisions and deferred taxes | 16 | €59,124 | €59,124 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €59,124 | €59,124 | = | 0.0% |
| Pensions and similar obligations | 160 | €59,124 | €59,124 | = | 0.0% |
| Amounts payable | 17/49 | €74,199 | €148,193 | +€73,994 | +99.7% |
| Amounts payable within one year | 42/48 | €73,474 | €148,193 | +€74,718 | +101.7% |
| Trade debts | 44 | €4,952 | €63,858 | +€58,906 | +1189.7% |
| Suppliers | 440/4 | €4,952 | €63,858 | +€58,906 | +1189.7% |
| Taxes, remuneration and social security | 45 | €51,313 | €67,125 | +€15,812 | +30.8% |
| Taxes | 450/3 | €51,313 | €67,125 | +€15,812 | +30.8% |
| Other amounts payable | 47/48 | €17,210 | €17,210 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €725 | - | -€725 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,538 | €7,681 | +€142 | +1.9% |
| Other operating charges | 640/8 | €1,959 | €2,017 | +€58 | +3.0% |
| Gross operating margin | 9900 | €80,898 | €90,762 | +€9,865 | +12.2% |
| Operating profit (loss) | 9901 | €71,400 | €81,064 | +€9,664 | +13.5% |
| Financial income | 75/76B | €22,081 | €22,688 | +€607 | +2.7% |
| Recurring financial income | 75 | €22,081 | €22,688 | +€607 | +2.7% |
| Financial charges | 65/66B | €1,063 | €1,467 | +€404 | +38.1% |
| Recurring financial charges | 65 | €1,063 | €1,467 | +€404 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €92,419 | €102,285 | +€9,867 | +10.7% |
| Income taxes | 67/77 | €37,454 | €34,775 | -€2,679 | -7.2% |
| Profit (loss) for the period | 9904 | €54,965 | €67,511 | +€12,546 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,965 | €67,511 | +€12,546 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.