ZEO: 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.
ZEO
Largest movements
- Cash +€2,570
up €2,570 (+18.6%), from €13,793 to €16,363
mainly Net result for the year (+€1,612) and Trade debts (+€958)
- Profit (loss) carried forward +€1,612
up €1,612 (+20.1%), from -€8,004 to -€6,392
- Trade debts +€958
up €958 (+241.3%), from €397 to €1,355
- Turnover +€1,417
up €1,417 (+62.8%), from €2,257 to €3,674
- Gross operating margin +€806
up €806 (+95.8%), from €841 to €1,647
- Purchases and services +€610
up €610 (+43.0%), from €1,417 to €2,027
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 | €13,843 | €16,413 | +€2,570 | +18.6% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €13,793 | €16,363 | +€2,570 | +18.6% |
| Cash at bank and in hand | 54/58 | €13,793 | €16,363 | +€2,570 | +18.6% |
| Total equity and liabilities | 10/49 | €13,843 | €16,413 | +€2,570 | +18.6% |
| Equity | 10/15 | €5,051 | €6,663 | +€1,612 | +31.9% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €660 | €660 | = | 0.0% |
| Distributable reserves | 133 | €660 | €660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,004 | -€6,392 | +€1,612 | +20.1% |
| Amounts payable | 17/49 | €8,792 | €9,750 | +€958 | +10.9% |
| Amounts payable within one year | 42/48 | €8,792 | €9,750 | +€958 | +10.9% |
| Trade debts | 44 | €397 | €1,355 | +€958 | +241.3% |
| Suppliers | 440/4 | €397 | €1,355 | +€958 | +241.3% |
| Other amounts payable | 47/48 | €8,395 | €8,395 | = | 0.0% |
| Turnover | 70 | €2,257 | €3,674 | +€1,417 | +62.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,417 | €2,027 | +€610 | +43.0% |
| Gross operating margin | 9900 | €841 | €1,647 | +€806 | +95.8% |
| Operating profit (loss) | 9901 | €841 | €1,647 | +€806 | +95.8% |
| Financial income | 75/76B | €5 | €15 | +€10 | +200.0% |
| Recurring financial income | 75 | €5 | €15 | +€10 | +200.0% |
| Financial charges | 65/66B | €48 | €50 | +€2 | +4.2% |
| Recurring financial charges | 65 | €48 | €50 | +€2 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €798 | €1,612 | +€814 | +102.0% |
| Profit (loss) for the period | 9904 | €798 | €1,612 | +€814 | +102.0% |
| Profit (loss) for the period to be appropriated | 9905 | €798 | €1,612 | +€814 | +102.0% |
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.