ZEKO FACADE: 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.
ZEKO FACADE
Largest movements
- Cash -€34,478
down €34,478 (-62.9%), from €54,793 to €20,315
mainly Other debts (-€11,228) and Net result for the year (-€10,481)
- Receivables within one year +€6,221
up €6,221 (+113.4%), from €5,484 to €11,705
of which Trade receivables: +€7,046
- Tangible fixed assets -€4,170
down €4,170 (-13.5%), from €31,003 to €26,833
of which Leasing and similar rights: -€6,184
- Other debts -€11,228
down €11,228 (-76.7%), from €14,639 to €3,411
- Profit (loss) carried forward -€10,481
down €10,481 (-27.9%), from €37,506 to €27,025
- Debts after one year -€7,806
down €7,806 (-38.7%), from €20,166 to €12,360
- Trade debts -€2,574
down €2,574 (-51.1%), from €5,035 to €2,461
- Gross operating margin -€55,297
down €55,297 (-97.2%), from €56,914 to €1,617
- Taxes -€6,748
no longer reported in 2025 (was €6,748)
- Depreciation +€3,466
up €3,466 (+86.3%), from €4,015 to €7,481
- Financial charges -€2,240
down €2,240 (-56.0%), from €4,000 to €1,760
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 | €98,900 | €66,161 | -€32,739 | -33.1% |
| Fixed assets | 21/28 | €31,284 | €27,114 | -€4,170 | -13.3% |
| Tangible fixed assets | 22/27 | €31,003 | €26,833 | -€4,170 | -13.5% |
| Plant, machinery and equipment | 23 | €1,171 | €2,886 | +€1,715 | +146.5% |
| Furniture and vehicles | 24 | €1,130 | €1,429 | +€299 | +26.5% |
| Leasing and similar rights | 25 | €28,702 | €22,518 | -€6,184 | -21.5% |
| Financial fixed assets | 28 | €281 | €281 | = | 0.0% |
| Current assets | 29/58 | €67,616 | €39,047 | -€28,569 | -42.3% |
| Amounts receivable within one year | 40/41 | €5,484 | €11,705 | +€6,221 | +113.4% |
| Trade receivables | 40 | €1,801 | €8,847 | +€7,046 | +391.2% |
| Other amounts receivable | 41 | €3,683 | €2,858 | -€825 | -22.4% |
| Cash at bank and in hand | 54/58 | €54,793 | €20,315 | -€34,478 | -62.9% |
| Deferred charges and accrued income | 490/1 | €7,339 | €7,027 | -€312 | -4.3% |
| Total equity and liabilities | 10/49 | €98,900 | €66,161 | -€32,739 | -33.1% |
| Equity | 10/15 | €40,506 | €30,025 | -€10,481 | -25.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,506 | €27,025 | -€10,481 | -27.9% |
| Amounts payable | 17/49 | €58,394 | €36,136 | -€22,258 | -38.1% |
| Amounts payable after more than one year | 17 | €20,166 | €12,360 | -€7,806 | -38.7% |
| Financial debts | 170/4 | €20,166 | €12,360 | -€7,806 | -38.7% |
| Amounts payable within one year | 42/48 | €38,228 | €23,776 | -€14,452 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €7,806 | €7,156 | -€650 | -8.3% |
| Trade debts | 44 | €5,035 | €2,461 | -€2,574 | -51.1% |
| Suppliers | 440/4 | €5,035 | €2,461 | -€2,574 | -51.1% |
| Taxes, remuneration and social security | 45 | €10,748 | €10,748 | = | 0.0% |
| Taxes | 450/3 | €10,748 | €10,748 | = | 0.0% |
| Other amounts payable | 47/48 | €14,639 | €3,411 | -€11,228 | -76.7% |
| Remuneration, social security and pensions | 62 | €2,551 | €2,272 | -€279 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,015 | €7,481 | +€3,466 | +86.3% |
| Other operating charges | 640/8 | €238 | €585 | +€347 | +145.8% |
| Non-recurring operating charges | 66A | €1,085 | - | -€1,085 | |
| Gross operating margin | 9900 | €56,914 | €1,617 | -€55,297 | -97.2% |
| Operating profit (loss) | 9901 | €49,025 | -€8,721 | -€57,746 | |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €4,000 | €1,760 | -€2,240 | -56.0% |
| Recurring financial charges | 65 | €4,000 | €1,760 | -€2,240 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €45,044 | -€10,481 | -€55,525 | |
| Income taxes | 67/77 | €6,748 | - | -€6,748 | |
| Profit (loss) for the period | 9904 | €38,296 | -€10,481 | -€48,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,296 | -€10,481 | -€48,777 |
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 2 October 2026 via checked.be.