ZEOS: 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.
ZEOS
Largest movements
- Tangible fixed assets -€3,374
down €3,374 (-80.4%), from €4,197 to €823
of which Plant, machinery and equipment: -€4,010
- Receivables within one year +€1,843
up €1,843 (+13.4%), from €13,725 to €15,568
of which Trade receivables: +€4,407
- Cash +€747
up €747 (+2.8%), from €26,482 to €27,229
- Other debts +€4,097
up €4,097 (+11.4%), from €36,043 to €40,140
- Trade debts -€3,322
down €3,322 (-94.0%), from €3,534 to €212
- Tax, wage and social debts +€2,716
up €2,716 (+696.5%), from €390 to €3,106
of which Taxes: +€2,716
- Profit (loss) carried forward -€2,280
down €2,280 (-12.7%), from -€18,018 to -€20,298
- Current portion of long-term debt -€1,995
no longer reported in 2025 (was €1,995)
- Purchases and services -€175,070
no longer reported in 2025 (was €175,070)
- Gross operating margin +€12,560
up €12,560 (+671.7%), from €1,870 to €14,430
- Depreciation +€1,554
up €1,554 (+189.2%), from €821 to €2,375
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,404 | €43,620 | -€784 | -1.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €4,197 | €823 | -€3,374 | -80.4% |
| Tangible fixed assets | 22/27 | €4,197 | €823 | -€3,374 | -80.4% |
| Plant, machinery and equipment | 23 | €4,010 | - | -€4,010 | |
| Furniture and vehicles | 24 | €187 | €823 | +€636 | +340.3% |
| Current assets | 29/58 | €40,207 | €42,796 | +€2,589 | +6.4% |
| Amounts receivable within one year | 40/41 | €13,725 | €15,568 | +€1,843 | +13.4% |
| Trade receivables | 40 | €11,161 | €15,568 | +€4,407 | +39.5% |
| Other amounts receivable | 41 | €2,564 | - | -€2,564 | |
| Cash at bank and in hand | 54/58 | €26,482 | €27,229 | +€747 | +2.8% |
| Total equity and liabilities | 10/49 | €44,404 | €43,620 | -€784 | -1.8% |
| Equity | 10/15 | €2,442 | €162 | -€2,280 | -93.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,018 | -€20,298 | -€2,280 | -12.7% |
| Amounts payable | 17/49 | €41,962 | €43,458 | +€1,496 | +3.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,962 | €43,458 | +€1,496 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €1,995 | - | -€1,995 | |
| Trade debts | 44 | €3,534 | €212 | -€3,322 | -94.0% |
| Suppliers | 440/4 | €3,534 | €212 | -€3,322 | -94.0% |
| Taxes, remuneration and social security | 45 | €390 | €3,106 | +€2,716 | +696.5% |
| Taxes | 450/3 | €390 | €3,106 | +€2,716 | +696.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,043 | €40,140 | +€4,097 | +11.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €175,070 | - | -€175,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €2,375 | +€1,554 | +189.2% |
| Other operating charges | 640/8 | €117 | €60 | -€58 | -49.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,870 | €14,430 | +€12,560 | +671.7% |
| Operating profit (loss) | 9901 | €932 | €11,996 | +€11,064 | +1187.2% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €887 | €11,951 | +€11,064 | +1247.4% |
| Profit (loss) for the period | 9904 | €887 | €11,951 | +€11,064 | +1247.4% |
| Profit (loss) for the period to be appropriated | 9905 | €887 | €11,951 | +€11,064 | +1247.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.