Zeora: 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.
Zeora
Largest movements
- Cash +€53,293
up €53,293 (+1,427%), from €3,735 to €57,028
mainly Net result for the year (+€91,001) and Other debts (+€3,475)
- Tangible fixed assets +€8,230
new in 2025: €8,230
- Reserves +€61,063
up €61,063 (+16.0%), from €381,517 to €442,580
- Gross operating margin +€57,696
up €57,696 (+51.9%), from €111,232 to €168,928
- Taxes +€14,417
up €14,417 (+63.9%), from €22,556 to €36,973
- Staff costs +€7,688
up €7,688 (+25.4%), from €30,305 to €37,993
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 | €435,750 | €497,125 | +€61,375 | +14.1% |
| Fixed assets | 21/28 | - | €8,230 | +€8,230 | |
| Tangible fixed assets | 22/27 | - | €8,230 | +€8,230 | |
| Land and buildings | 22 | - | €8,230 | +€8,230 | |
| Current assets | 29/58 | €435,750 | €488,894 | +€53,144 | +12.2% |
| Amounts receivable after more than one year | 29 | €372,870 | €372,870 | = | 0.0% |
| Trade receivables | 290 | €372,870 | €372,870 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,844 | €56,695 | -€149 | -0.3% |
| Trade receivables | 40 | €51,728 | €56,628 | +€4,901 | +9.5% |
| Other amounts receivable | 41 | €5,116 | €67 | -€5,050 | -98.7% |
| Current investments | 50/53 | €2,302 | €2,302 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,735 | €57,028 | +€53,293 | +1,427% |
| Total equity and liabilities | 10/49 | €435,750 | €497,125 | +€61,375 | +14.1% |
| Equity | 10/15 | €395,777 | €454,980 | +€59,203 | +15.0% |
| Contributions | 10/11 | €14,260 | €12,400 | -€1,860 | -13.0% |
| Reserves | 13 | €381,517 | €442,580 | +€61,063 | +16.0% |
| Distributable reserves | 133 | €381,517 | €442,580 | +€61,063 | +16.0% |
| Amounts payable | 17/49 | €39,973 | €42,145 | +€2,172 | +5.4% |
| Amounts payable within one year | 42/48 | €39,973 | €42,145 | +€2,172 | +5.4% |
| Financial debts | 43 | €224 | €109 | -€115 | -51.3% |
| Credit institutions | 430/8 | €224 | €109 | -€115 | -51.3% |
| Trade debts | 44 | €2,579 | €3,503 | +€925 | +35.9% |
| Suppliers | 440/4 | €2,579 | €3,503 | +€925 | +35.9% |
| Taxes, remuneration and social security | 45 | €35,771 | €33,657 | -€2,114 | -5.9% |
| Taxes | 450/3 | €31,534 | €25,636 | -€5,897 | -18.7% |
| Remuneration and social security | 454/9 | €4,237 | €8,021 | +€3,783 | +89.3% |
| Other amounts payable | 47/48 | €1,400 | €4,875 | +€3,475 | +248% |
| Remuneration, social security and pensions | 62 | €30,305 | €37,993 | +€7,688 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,146 | +€1,146 | |
| Other operating charges | 640/8 | €1,106 | €1,124 | +€18 | +1.7% |
| Gross operating margin | 9900 | €111,232 | €168,928 | +€57,696 | +51.9% |
| Operating profit (loss) | 9901 | €79,821 | €128,665 | +€48,844 | +61.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €890 | €691 | -€198 | -22.3% |
| Recurring financial charges | 65 | €890 | €691 | -€198 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €78,932 | €127,974 | +€49,042 | +62.1% |
| Income taxes | 67/77 | €22,556 | €36,973 | +€14,417 | +63.9% |
| Profit (loss) for the period | 9904 | €56,376 | €91,001 | +€34,625 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,376 | €91,001 | +€34,625 | +61.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.