Zephyrus: 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.
Zephyrus
Largest movements
- Tangible fixed assets +€19,227
up €19,227 (+387.2%), from €4,966 to €24,193
- Receivables within one year +€5,566
up €5,566 (+471.8%), from €1,180 to €6,746
- Deferred charges and accrued income +€2,440
new in 2025: €2,440
- Cash +€2,382
up €2,382 (+21.0%), from €11,335 to €13,717
mainly Trade debts (+€24,334) and Tax, wage and social debts (+€2,775)
- Trade debts +€24,334
up €24,334 (+6787.8%), from €358 to €24,692
- Tax, wage and social debts +€2,775
up €2,775 (+332.4%), from €835 to €3,610
- Profit (loss) carried forward +€2,696
up €2,696 (+5.7%), from -€47,678 to -€44,982
- Turnover +€16,481
up €16,481 (+182.4%), from €9,035 to €25,516
- Purchases and services +€14,229
up €14,229 (+171.4%), from €8,301 to €22,530
- Gross operating margin +€4,332
up €4,332 (+590.4%), from €734 to €5,066
- Other operating charges -€803
down €803 (-53.1%), from €1,511 to €708
- Taxes +€536
up €536 (+250.1%), from €214 to €750
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 | €17,480 | €47,096 | +€29,616 | +169.4% |
| Fixed assets | 21/28 | €4,966 | €24,193 | +€19,227 | +387.2% |
| Tangible fixed assets | 22/27 | €4,966 | €24,193 | +€19,227 | +387.2% |
| Furniture and vehicles | 24 | €4,966 | €24,193 | +€19,227 | +387.2% |
| Current assets | 29/58 | €12,515 | €22,903 | +€10,389 | +83.0% |
| Amounts receivable within one year | 40/41 | €1,180 | €6,746 | +€5,566 | +471.8% |
| Trade receivables | 40 | €1,180 | €6,746 | +€5,566 | +471.8% |
| Cash at bank and in hand | 54/58 | €11,335 | €13,717 | +€2,382 | +21.0% |
| Deferred charges and accrued income | 490/1 | - | €2,440 | +€2,440 | |
| Total equity and liabilities | 10/49 | €17,480 | €47,096 | +€29,616 | +169.4% |
| Equity | 10/15 | -€28,502 | -€25,806 | +€2,696 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €576 | €576 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €576 | €576 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €576 | €576 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€47,678 | -€44,982 | +€2,696 | +5.7% |
| Amounts payable | 17/49 | €45,982 | €72,902 | +€26,920 | +58.5% |
| Amounts payable within one year | 42/48 | €45,767 | €72,687 | +€26,920 | +58.8% |
| Trade debts | 44 | €358 | €24,692 | +€24,334 | +6787.8% |
| Suppliers | 440/4 | €358 | €24,692 | +€24,334 | +6787.8% |
| Taxes, remuneration and social security | 45 | €835 | €3,610 | +€2,775 | +332.4% |
| Taxes | 450/3 | €835 | €3,610 | +€2,775 | +332.4% |
| Other amounts payable | 47/48 | €44,574 | €44,385 | -€189 | -0.4% |
| Accrued charges and deferred income | 492/3 | €215 | €215 | -€0 | -0.1% |
| Turnover | 70 | €9,035 | €25,516 | +€16,481 | +182.4% |
| Non-recurring operating income | 76A | - | €2,080 | +€2,080 | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,301 | €22,530 | +€14,229 | +171.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €773 | +€55 | +7.6% |
| Other operating charges | 640/8 | €1,511 | €708 | -€803 | -53.1% |
| Gross operating margin | 9900 | €734 | €5,066 | +€4,332 | +590.4% |
| Operating profit (loss) | 9901 | -€1,495 | €3,585 | +€5,080 | |
| Financial income | 75/76B | €111 | €14 | -€97 | -87.4% |
| Recurring financial income | 75 | €5 | €14 | +€9 | +158.8% |
| Non-recurring financial income | 76B | €106 | - | -€106 | |
| Financial charges | 65/66B | €96 | €153 | +€57 | +58.8% |
| Recurring financial charges | 65 | €96 | €153 | +€57 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,481 | €3,446 | +€4,927 | |
| Income taxes | 67/77 | €214 | €750 | +€536 | +250.1% |
| Profit (loss) for the period | 9904 | -€1,695 | €2,696 | +€4,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,695 | €2,696 | +€4,391 |
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 29 September 2026 via checked.be.