ZéphyrDP: 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.
ZéphyrDP
Largest movements
- Receivables within one year -€90,108
down €90,108 (-57.2%), from €157,432 to €67,324
of which Other amounts receivable: -€98,454
- Cash +€35,119
up €35,119 (+141.7%), from €24,782 to €59,901
mainly Receivables within one year (+€90,108) and Net result for the year (+€44,383)
- Other debts -€45,538
down €45,538 (-50.6%), from €89,922 to €44,384
- Tax, wage and social debts -€13,268
down €13,268 (-47.6%), from €27,856 to €14,588
- Trade debts +€3,277
up €3,277 (+101.2%), from €3,239 to €6,516
- Gross operating margin -€60,156
down €60,156 (-51.2%), from €117,607 to €57,451
- Taxes -€12,637
down €12,637 (-49.5%), from €25,522 to €12,885
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 | €183,794 | €128,265 | -€55,529 | -30.2% |
| Fixed assets | 21/28 | €1,580 | €1,040 | -€540 | -34.2% |
| Tangible fixed assets | 22/27 | €1,580 | €1,040 | -€540 | -34.2% |
| Furniture and vehicles | 24 | €1,580 | €1,040 | -€540 | -34.2% |
| Current assets | 29/58 | €182,214 | €127,225 | -€54,989 | -30.2% |
| Amounts receivable within one year | 40/41 | €157,432 | €67,324 | -€90,108 | -57.2% |
| Trade receivables | 40 | €12,400 | €20,746 | +€8,346 | +67.3% |
| Other amounts receivable | 41 | €145,032 | €46,578 | -€98,454 | -67.9% |
| Cash at bank and in hand | 54/58 | €24,782 | €59,901 | +€35,119 | +141.7% |
| Total equity and liabilities | 10/49 | €183,794 | €128,265 | -€55,529 | -30.2% |
| Equity | 10/15 | €62,777 | €62,777 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €62,677 | €62,677 | = | 0.0% |
| Distributable reserves | 133 | €62,677 | €62,677 | = | 0.0% |
| Amounts payable | 17/49 | €121,017 | €65,488 | -€55,529 | -45.9% |
| Amounts payable within one year | 42/48 | €121,017 | €65,488 | -€55,529 | -45.9% |
| Trade debts | 44 | €3,239 | €6,516 | +€3,277 | +101.2% |
| Suppliers | 440/4 | €3,239 | €6,516 | +€3,277 | +101.2% |
| Taxes, remuneration and social security | 45 | €27,856 | €14,588 | -€13,268 | -47.6% |
| Taxes | 450/3 | €27,856 | €14,588 | -€13,268 | -47.6% |
| Other amounts payable | 47/48 | €89,922 | €44,384 | -€45,538 | -50.6% |
| Remuneration, social security and pensions | 62 | €4,324 | €3,360 | -€964 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,407 | €1,188 | -€219 | -15.6% |
| Other operating charges | 640/8 | €487 | €1,003 | +€516 | +106.0% |
| Gross operating margin | 9900 | €117,607 | €57,451 | -€60,156 | -51.2% |
| Operating profit (loss) | 9901 | €111,389 | €51,900 | -€59,489 | -53.4% |
| Financial income | 75/76B | €4,520 | €5,470 | +€950 | +21.0% |
| Recurring financial income | 75 | €4,520 | €5,470 | +€950 | +21.0% |
| Financial charges | 65/66B | €465 | €102 | -€363 | -78.1% |
| Recurring financial charges | 65 | €465 | €102 | -€363 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €115,444 | €57,268 | -€58,176 | -50.4% |
| Income taxes | 67/77 | €25,522 | €12,885 | -€12,637 | -49.5% |
| Profit (loss) for the period | 9904 | €89,922 | €44,383 | -€45,539 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,922 | €44,383 | -€45,539 | -50.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.