ZEPTO: 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.
ZEPTO
Largest movements
- Receivables within one year +€96,993
up €96,993 (+50.3%), from €192,677 to €289,671
of which Trade receivables: +€88,164
- Financial fixed assets +€40,054
up €40,054 (+20.1%), from €199,185 to €239,239
- Tangible fixed assets -€27,420
down €27,420 (-7.3%), from €376,697 to €349,277
of which Furniture and vehicles: -€21,397
- Reserves +€161,644
up €161,644 (+23.9%), from €674,954 to €836,598
of which Distributable reserves: +€161,644
- Current portion of long-term debt -€23,287
down €23,287 (-51.3%), from €45,378 to €22,091
- Debts after one year -€22,091
down €22,091 (-66.7%), from €33,141 to €11,050
- Gross operating margin +€111,602
up €111,602 (+64.2%), from €173,742 to €285,344
- Taxes +€36,430
up €36,430 (+93.7%), from €38,888 to €75,318
- Depreciation -€4,136
down €4,136 (-8.9%), from €46,357 to €42,221
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 | €807,121 | €917,925 | +€110,804 | +13.7% |
| Fixed assets | 21/28 | €575,882 | €588,516 | +€12,633 | +2.2% |
| Tangible fixed assets | 22/27 | €376,697 | €349,277 | -€27,420 | -7.3% |
| Land and buildings | 22 | €300,302 | €295,969 | -€4,333 | -1.4% |
| Plant, machinery and equipment | 23 | €8,043 | €6,353 | -€1,690 | -21.0% |
| Furniture and vehicles | 24 | €68,352 | €46,955 | -€21,397 | -31.3% |
| Financial fixed assets | 28 | €199,185 | €239,239 | +€40,054 | +20.1% |
| Current assets | 29/58 | €231,238 | €329,410 | +€98,171 | +42.5% |
| Amounts receivable within one year | 40/41 | €192,677 | €289,671 | +€96,993 | +50.3% |
| Trade receivables | 40 | €179,106 | €267,270 | +€88,164 | +49.2% |
| Other amounts receivable | 41 | €13,571 | €22,401 | +€8,829 | +65.1% |
| Cash at bank and in hand | 54/58 | €38,561 | €39,739 | +€1,178 | +3.1% |
| Total equity and liabilities | 10/49 | €807,121 | €917,925 | +€110,804 | +13.7% |
| Equity | 10/15 | €707,834 | €869,478 | +€161,644 | +22.8% |
| Contributions | 10/11 | €32,880 | €32,880 | = | 0.0% |
| Contributions outside capital | 11 | €32,880 | €32,880 | = | 0.0% |
| Other | 1109/19 | €32,880 | €32,880 | = | 0.0% |
| Reserves | 13 | €674,954 | €836,598 | +€161,644 | +23.9% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €664,954 | €826,598 | +€161,644 | +24.3% |
| Amounts payable | 17/49 | €99,287 | €48,448 | -€50,840 | -51.2% |
| Amounts payable after more than one year | 17 | €33,141 | €11,050 | -€22,091 | -66.7% |
| Financial debts | 170/4 | €33,141 | €11,050 | -€22,091 | -66.7% |
| Amounts payable within one year | 42/48 | €66,146 | €37,397 | -€28,749 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €45,378 | €22,091 | -€23,287 | -51.3% |
| Trade debts | 44 | €5,734 | €71 | -€5,663 | -98.8% |
| Suppliers | 440/4 | €5,734 | €71 | -€5,663 | -98.8% |
| Taxes, remuneration and social security | 45 | €8,888 | €15,236 | +€6,347 | +71.4% |
| Taxes | 450/3 | €8,888 | €15,236 | +€6,347 | +71.4% |
| Other amounts payable | 47/48 | €6,145 | - | -€6,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,357 | €42,221 | -€4,136 | -8.9% |
| Other operating charges | 640/8 | €4,757 | €4,615 | -€142 | -3.0% |
| Gross operating margin | 9900 | €173,742 | €285,344 | +€111,602 | +64.2% |
| Operating profit (loss) | 9901 | €122,628 | €238,509 | +€115,880 | +94.5% |
| Financial income | 75/76B | €389 | - | -€389 | |
| Recurring financial income | 75 | €389 | - | -€389 | |
| Financial charges | 65/66B | €3,924 | €1,547 | -€2,377 | -60.6% |
| Recurring financial charges | 65 | €3,924 | €1,547 | -€2,377 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €119,093 | €236,962 | +€117,869 | +99.0% |
| Income taxes | 67/77 | €38,888 | €75,318 | +€36,430 | +93.7% |
| Profit (loss) for the period | 9904 | €80,204 | €161,644 | +€81,440 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €80,204 | €161,644 | +€81,440 | +102% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.