ZEKI: 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.
ZEKI
Largest movements
- Tangible fixed assets +€35,528
up €35,528 (+2215.5%), from €1,604 to €37,131
of which Furniture and vehicles: +€36,128
- Receivables within one year -€30,653
down €30,653 (-45.8%), from €66,923 to €36,270
of which Trade receivables: -€23,963
- Cash -€3,462
down €3,462 (-87.1%), from €3,973 to €511
mainly Investment in fixed assets (net) (-€48,659) and Net result for the year (-€10,991)
- Stocks and contracts -€924
down €924 (-30.3%), from €3,050 to €2,126
- Deferred charges and accrued income -€794
no longer reported in 2025 (was €794)
- Debts after one year +€25,014
up €25,014 (+234.0%), from €10,690 to €35,705
- Profit (loss) carried forward -€10,991
down €10,991 (-96.4%), from €11,403 to €412
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts -€3,268
down €3,268 (-37.9%), from €8,626 to €5,359
- Current portion of long-term debt -€1,779
down €1,779 (-23.2%), from €7,657 to €5,878
- Depreciation +€11,427
up €11,427 (+670.7%), from €1,704 to €13,131
- Gross operating margin +€9,679
up €9,679 (+531.6%), from €1,821 to €11,500
- Other operating charges +€2,229
up €2,229 (+103.3%), from €2,159 to €4,388
- Financial charges +€1,977
up €1,977 (+46.1%), from €4,291 to €6,268
- Financial income -€1,583
down €1,583 (-42.5%), from €3,726 to €2,143
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 | €77,156 | €76,850 | -€306 | -0.4% |
| Fixed assets | 21/28 | €2,415 | €37,943 | +€35,528 | +1470.9% |
| Tangible fixed assets | 22/27 | €1,604 | €37,131 | +€35,528 | +2215.5% |
| Furniture and vehicles | 24 | €859 | €36,987 | +€36,128 | +4206.7% |
| Other tangible fixed assets | 26 | €745 | €145 | -€600 | -80.6% |
| Financial fixed assets | 28 | €812 | €812 | = | 0.0% |
| Current assets | 29/58 | €74,741 | €38,907 | -€35,834 | -47.9% |
| Stocks and contracts in progress | 3 | €3,050 | €2,126 | -€924 | -30.3% |
| Stocks | 30/36 | €3,050 | €2,126 | -€924 | -30.3% |
| Amounts receivable within one year | 40/41 | €66,923 | €36,270 | -€30,653 | -45.8% |
| Trade receivables | 40 | €23,995 | €32 | -€23,963 | -99.9% |
| Other amounts receivable | 41 | €42,928 | €36,238 | -€6,690 | -15.6% |
| Cash at bank and in hand | 54/58 | €3,973 | €511 | -€3,462 | -87.1% |
| Deferred charges and accrued income | 490/1 | €794 | - | -€794 | |
| Total equity and liabilities | 10/49 | €77,156 | €76,850 | -€306 | -0.4% |
| Equity | 10/15 | €31,854 | €20,864 | -€10,991 | -34.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,403 | €412 | -€10,991 | -96.4% |
| Amounts payable | 17/49 | €45,302 | €55,986 | +€10,684 | +23.6% |
| Amounts payable after more than one year | 17 | €10,690 | €35,705 | +€25,014 | +234.0% |
| Financial debts | 170/4 | €10,690 | €35,705 | +€25,014 | +234.0% |
| Amounts payable within one year | 42/48 | €34,611 | €20,282 | -€14,330 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €7,657 | €5,878 | -€1,779 | -23.2% |
| Trade debts | 44 | €8,328 | €9,045 | +€717 | +8.6% |
| Suppliers | 440/4 | €8,328 | €9,045 | +€717 | +8.6% |
| Taxes, remuneration and social security | 45 | €8,626 | €5,359 | -€3,268 | -37.9% |
| Taxes | 450/3 | €8,626 | €5,359 | -€3,268 | -37.9% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | €13,131 | +€11,427 | +670.7% |
| Other operating charges | 640/8 | €2,159 | €4,388 | +€2,229 | +103.3% |
| Gross operating margin | 9900 | €1,821 | €11,500 | +€9,679 | +531.6% |
| Operating profit (loss) | 9901 | -€2,042 | -€6,019 | -€3,977 | -194.8% |
| Financial income | 75/76B | €3,726 | €2,143 | -€1,583 | -42.5% |
| Recurring financial income | 75 | €3,726 | €2,143 | -€1,583 | -42.5% |
| Financial charges | 65/66B | €4,291 | €6,268 | +€1,977 | +46.1% |
| Recurring financial charges | 65 | €4,291 | €6,268 | +€1,977 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,607 | -€10,144 | -€7,537 | -289.1% |
| Income taxes | 67/77 | €48 | €847 | +€799 | +1676.3% |
| Profit (loss) for the period | 9904 | -€2,654 | -€10,991 | -€8,336 | -314.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,654 | -€10,991 | -€8,336 | -314.0% |
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 12 October 2026 via checked.be.