Zeker.: 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.
Zeker.
Largest movements
- Receivables within one year -€31,891
down €31,891 (-93.8%), from €33,994 to €2,103
of which Trade receivables: -€19,514
- Tangible fixed assets +€21,729
up €21,729 (+755.0%), from €2,878 to €24,607
of which Furniture and vehicles: +€22,646
- Deferred charges and accrued income -€2,144
down €2,144 (-71.2%), from €3,010 to €866
- Cash -€1,071
down €1,071 (-100.0%), from €1,071 to €0
mainly Investment in fixed assets (net) (-€30,548) and Net result for the year (-€15,928)
- Financial fixed assets -€1,000
down €1,000 (-100.0%), from €1,000 to €0
- Debts after one year +€18,907
up €18,907 (+422.6%), from €4,474 to €23,381
- Reserves -€8,473
down €8,473 (-100.0%), from €8,473 to €0
- Trade debts -€7,995
down €7,995 (-95.4%), from €8,380 to €386
- Profit (loss) carried forward -€7,455
new in 2025: -€7,455
- Tax, wage and social debts -€6,523
down €6,523 (-77.2%), from €8,451 to €1,928
- Gross operating margin -€10,200
down €10,200, from €8,345 to -€1,854
- Depreciation +€9,298
up €9,298 (+1784.3%), from €521 to €9,819
- Financial charges +€1,586
up €1,586 (+143.1%), from €1,108 to €2,693
- Other operating charges +€509
up €509 (+72.5%), from €701 to €1,210
- Taxes +€317
up €317 (+347.6%), from €91 to €408
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 | €41,954 | €27,576 | -€14,378 | -34.3% |
| Fixed assets | 21/28 | €3,878 | €24,607 | +€20,729 | +534.5% |
| Tangible fixed assets | 22/27 | €2,878 | €24,607 | +€21,729 | +755.0% |
| Plant, machinery and equipment | 23 | €1,266 | €674 | -€593 | -46.8% |
| Furniture and vehicles | 24 | €0 | €22,646 | +€22,646 | |
| Other tangible fixed assets | 26 | €1,612 | €1,287 | -€324 | -20.1% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €38,076 | €2,969 | -€35,107 | -92.2% |
| Amounts receivable within one year | 40/41 | €33,994 | €2,103 | -€31,891 | -93.8% |
| Trade receivables | 40 | €19,514 | €0 | -€19,514 | -100.0% |
| Other amounts receivable | 41 | €14,480 | €2,103 | -€12,377 | -85.5% |
| Cash at bank and in hand | 54/58 | €1,071 | €0 | -€1,071 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,010 | €866 | -€2,144 | -71.2% |
| Total equity and liabilities | 10/49 | €41,954 | €27,576 | -€14,378 | -34.3% |
| Equity | 10/15 | €11,473 | -€4,455 | -€15,928 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,473 | €0 | -€8,473 | -100.0% |
| Distributable reserves | 133 | €8,473 | €0 | -€8,473 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€7,455 | -€7,455 | |
| Amounts payable | 17/49 | €30,481 | €32,031 | +€1,550 | +5.1% |
| Amounts payable after more than one year | 17 | €4,474 | €23,381 | +€18,907 | +422.6% |
| Financial debts | 170/4 | €4,474 | €23,381 | +€18,907 | +422.6% |
| Amounts payable within one year | 42/48 | €25,839 | €8,482 | -€17,357 | -67.2% |
| Current portion of amounts payable after more than one year | 42 | €8,612 | €3,438 | -€5,174 | -60.1% |
| Financial debts | 43 | - | €2,731 | +€2,731 | |
| Credit institutions | 430/8 | - | €2,731 | +€2,731 | |
| Trade debts | 44 | €8,380 | €386 | -€7,995 | -95.4% |
| Suppliers | 440/4 | €8,380 | €386 | -€7,995 | -95.4% |
| Taxes, remuneration and social security | 45 | €8,451 | €1,928 | -€6,523 | -77.2% |
| Taxes | 450/3 | €8,451 | €1,928 | -€6,523 | -77.2% |
| Other amounts payable | 47/48 | €395 | €0 | -€395 | -100.0% |
| Accrued charges and deferred income | 492/3 | €168 | €168 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,592 | +€2,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €9,819 | +€9,298 | +1784.3% |
| Other operating charges | 640/8 | €701 | €1,210 | +€509 | +72.5% |
| Non-recurring operating charges | 66A | €10,216 | €0 | -€10,216 | -100.0% |
| Gross operating margin | 9900 | €8,345 | -€1,854 | -€10,200 | |
| Operating profit (loss) | 9901 | -€3,093 | -€12,884 | -€9,791 | -316.6% |
| Financial income | 75/76B | €2 | €57 | +€55 | +3310.8% |
| Recurring financial income | 75 | €2 | €57 | +€55 | +3310.8% |
| Financial charges | 65/66B | €1,108 | €2,693 | +€1,586 | +143.1% |
| Recurring financial charges | 65 | €1,108 | €2,693 | +€1,586 | +143.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,199 | -€15,520 | -€11,321 | -269.6% |
| Income taxes | 67/77 | €91 | €408 | +€317 | +347.6% |
| Profit (loss) for the period | 9904 | -€4,290 | -€15,928 | -€11,638 | -271.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,290 | -€15,928 | -€11,638 | -271.3% |
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 7 October 2026 via checked.be.