ZEKER-ing: 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.
ZEKER-ing
Largest movements
- Cash +€24,474
up €24,474 (+311%), from €7,869 to €32,343
mainly Net result for the year (+€26,961) and Trade debts (+€806)
- Deferred charges and accrued income +€1,661
new in 2025: €1,661
- Receivables within one year +€1,361
up €1,361 (+11.2%), from €12,117 to €13,477
of which Trade receivables: +€758
- Reserves +€26,961
up €26,961 (+292%), from €9,236 to €36,197
- Trade debts +€806
up €806 (+88.9%), from €907 to €1,713
- Gross operating margin +€25,931
up €25,931 (+222%), from €11,680 to €37,611
- Taxes +€7,968
up €7,968 (+328%), from €2,429 to €10,397
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 | €19,986 | €47,481 | +€27,495 | +138% |
| Current assets | 29/58 | €19,986 | €47,481 | +€27,495 | +138% |
| Amounts receivable within one year | 40/41 | €12,117 | €13,477 | +€1,361 | +11.2% |
| Trade receivables | 40 | €12,117 | €12,874 | +€758 | +6.3% |
| Other amounts receivable | 41 | - | €603 | +€603 | |
| Cash at bank and in hand | 54/58 | €7,869 | €32,343 | +€24,474 | +311% |
| Deferred charges and accrued income | 490/1 | - | €1,661 | +€1,661 | |
| Total equity and liabilities | 10/49 | €19,986 | €47,481 | +€27,495 | +138% |
| Equity | 10/15 | €11,736 | €38,697 | +€26,961 | +230% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,236 | €36,197 | +€26,961 | +292% |
| Distributable reserves | 133 | €9,236 | €36,197 | +€26,961 | +292% |
| Amounts payable | 17/49 | €8,250 | €8,784 | +€534 | +6.5% |
| Amounts payable within one year | 42/48 | €8,250 | €8,784 | +€534 | +6.5% |
| Trade debts | 44 | €907 | €1,713 | +€806 | +88.9% |
| Suppliers | 440/4 | €907 | €1,713 | +€806 | +88.9% |
| Taxes, remuneration and social security | 45 | €5,744 | €5,346 | -€398 | -6.9% |
| Taxes | 450/3 | €5,744 | €5,346 | -€398 | -6.9% |
| Other amounts payable | 47/48 | €1,599 | €1,725 | +€126 | +7.9% |
| Other operating charges | 640/8 | - | €209 | +€209 | |
| Gross operating margin | 9900 | €11,680 | €37,611 | +€25,931 | +222% |
| Operating profit (loss) | 9901 | €11,680 | €37,402 | +€25,722 | +220% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €15 | €44 | +€29 | +193% |
| Recurring financial charges | 65 | €15 | €44 | +€29 | +193% |
| Profit (loss) for the period before taxes | 9903 | €11,666 | €37,358 | +€25,692 | +220% |
| Income taxes | 67/77 | €2,429 | €10,397 | +€7,968 | +328% |
| Profit (loss) for the period | 9904 | €9,236 | €26,961 | +€17,725 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €9,236 | €26,961 | +€17,725 | +192% |
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 17 October 2026 via checked.be.