ZEREY SOLUTIONS: 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.
ZEREY SOLUTIONS
Largest movements
- Receivables within one year +€61,421
up €61,421 (+274.4%), from €22,386 to €83,807
of which Other amounts receivable: +€60,477
- Cash -€13,856
down €13,856 (-33.5%), from €41,301 to €27,445
mainly Receivables within one year (-€61,421) and Deferred charges and accrued income (-€2,037)
- Tangible fixed assets -€8,428
down €8,428 (-56.3%), from €14,960 to €6,532
- Deferred charges and accrued income +€2,037
up €2,037 (+203.2%), from €1,003 to €3,040
- Reserves +€41,689
up €41,689 (+69.5%), from €60,000 to €101,689
- Tax, wage and social debts +€3,779
up €3,779 (+27.2%), from €13,884 to €17,663
- Profit (loss) carried forward -€2,295
down €2,295 (-100.0%), from €2,295 to €0
- Other debts -€1,700
down €1,700 (-100.0%), from €1,700 to €0
- Gross operating margin +€30,295
up €30,295 (+112.6%), from €26,894 to €57,189
- Taxes +€6,324
up €6,324 (+137.1%), from €4,613 to €10,938
- Financial income +€2,068
up €2,068 (+464.5%), from €445 to €2,513
- Depreciation +€1,796
up €1,796 (+27.1%), from €6,633 to €8,428
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 | €80,400 | €121,794 | +€41,394 | +51.5% |
| Fixed assets | 21/28 | €15,710 | €7,502 | -€8,208 | -52.2% |
| Tangible fixed assets | 22/27 | €14,960 | €6,532 | -€8,428 | -56.3% |
| Furniture and vehicles | 24 | €14,960 | €6,532 | -€8,428 | -56.3% |
| Financial fixed assets | 28 | €750 | €970 | +€220 | +29.3% |
| Current assets | 29/58 | €64,690 | €114,292 | +€49,603 | +76.7% |
| Amounts receivable within one year | 40/41 | €22,386 | €83,807 | +€61,421 | +274.4% |
| Trade receivables | 40 | €7,865 | €8,809 | +€944 | +12.0% |
| Other amounts receivable | 41 | €14,521 | €74,998 | +€60,477 | +416.5% |
| Cash at bank and in hand | 54/58 | €41,301 | €27,445 | -€13,856 | -33.5% |
| Deferred charges and accrued income | 490/1 | €1,003 | €3,040 | +€2,037 | +203.2% |
| Total equity and liabilities | 10/49 | €80,400 | €121,794 | +€41,394 | +51.5% |
| Equity | 10/15 | €64,295 | €103,689 | +€39,395 | +61.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €101,689 | +€41,689 | +69.5% |
| Distributable reserves | 133 | €60,000 | €101,689 | +€41,689 | +69.5% |
| Profit (loss) carried forward | 14 | €2,295 | €0 | -€2,295 | -100.0% |
| Amounts payable | 17/49 | €16,105 | €18,105 | +€2,000 | +12.4% |
| Amounts payable within one year | 42/48 | €16,105 | €18,105 | +€2,000 | +12.4% |
| Trade debts | 44 | €521 | €442 | -€79 | -15.2% |
| Suppliers | 440/4 | €521 | €442 | -€79 | -15.2% |
| Taxes, remuneration and social security | 45 | €13,884 | €17,663 | +€3,779 | +27.2% |
| Taxes | 450/3 | €13,884 | €17,663 | +€3,779 | +27.2% |
| Other amounts payable | 47/48 | €1,700 | €0 | -€1,700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,633 | €8,428 | +€1,796 | +27.1% |
| Other operating charges | 640/8 | €1,461 | €901 | -€560 | -38.3% |
| Gross operating margin | 9900 | €26,894 | €57,189 | +€30,295 | +112.6% |
| Operating profit (loss) | 9901 | €18,801 | €47,860 | +€29,059 | +154.6% |
| Financial income | 75/76B | €445 | €2,513 | +€2,068 | +464.5% |
| Recurring financial income | 75 | €445 | €2,513 | +€2,068 | +464.5% |
| Financial charges | 65/66B | €86 | €40 | -€45 | -52.8% |
| Recurring financial charges | 65 | €86 | €40 | -€45 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €19,160 | €50,332 | +€31,172 | +162.7% |
| Income taxes | 67/77 | €4,613 | €10,938 | +€6,324 | +137.1% |
| Profit (loss) for the period | 9904 | €14,547 | €39,395 | +€24,848 | +170.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,547 | €39,395 | +€24,848 | +170.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.