ZERIF: 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.
ZERIF
Largest movements
- Stocks and contracts +€14,569
up €14,569 (+25.0%), from €58,227 to €72,796
- Cash +€2,915
up €2,915 (+177%), from €1,648 to €4,563
mainly Other debts (+€14,869) and Net result for the year (+€10,670)
- Other debts +€14,869
up €14,869 (+70.3%), from €21,139 to €36,008
- Profit (loss) carried forward +€10,670
up €10,670 (+40.0%), from -€26,651 to -€15,981
- Trade debts -€4,378
down €4,378 (-8.9%), from €49,146 to €44,768
- Tax, wage and social debts -€3,677
down €3,677 (-37.2%), from €9,886 to €6,209
of which Remuneration and social security: -€6,255
- Turnover +€23,125
up €23,125 (+11.0%), from €210,594 to €233,719
- Gross operating margin -€8,904
down €8,904 (-17.0%), from €52,284 to €43,380
- Purchases and services -€7,441
down €7,441 (-3.8%), from €197,780 to €190,339
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 | €59,875 | €77,359 | +€17,484 | +29.2% |
| Current assets | 29/58 | €59,875 | €77,359 | +€17,484 | +29.2% |
| Stocks and contracts in progress | 3 | €58,227 | €72,796 | +€14,569 | +25.0% |
| Stocks | 30/36 | €58,227 | €72,796 | +€14,569 | +25.0% |
| Cash at bank and in hand | 54/58 | €1,648 | €4,563 | +€2,915 | +177% |
| Total equity and liabilities | 10/49 | €59,875 | €77,359 | +€17,484 | +29.2% |
| Equity | 10/15 | -€20,296 | -€9,626 | +€10,670 | +52.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €155 | €155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €155 | €155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €155 | €155 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,651 | -€15,981 | +€10,670 | +40.0% |
| Amounts payable | 17/49 | €80,171 | €86,985 | +€6,814 | +8.5% |
| Amounts payable within one year | 42/48 | €80,171 | €86,985 | +€6,814 | +8.5% |
| Trade debts | 44 | €49,146 | €44,768 | -€4,378 | -8.9% |
| Suppliers | 440/4 | €49,146 | €44,768 | -€4,378 | -8.9% |
| Taxes, remuneration and social security | 45 | €9,886 | €6,209 | -€3,677 | -37.2% |
| Taxes | 450/3 | €2,902 | €5,480 | +€2,578 | +88.8% |
| Remuneration and social security | 454/9 | €6,984 | €729 | -€6,255 | -89.6% |
| Other amounts payable | 47/48 | €21,139 | €36,008 | +€14,869 | +70.3% |
| Turnover | 70 | €210,594 | €233,719 | +€23,125 | +11.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €197,780 | €190,339 | -€7,441 | -3.8% |
| Remuneration, social security and pensions | 62 | €27,182 | €26,916 | -€266 | -1.0% |
| Other operating charges | 640/8 | €5,251 | €5,542 | +€291 | +5.5% |
| Gross operating margin | 9900 | €52,284 | €43,380 | -€8,904 | -17.0% |
| Operating profit (loss) | 9901 | €19,851 | €10,922 | -€8,929 | -45.0% |
| Financial charges | 65/66B | €256 | €252 | -€4 | -1.6% |
| Recurring financial charges | 65 | €256 | €252 | -€4 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €19,595 | €10,670 | -€8,925 | -45.5% |
| Profit (loss) for the period | 9904 | €19,595 | €10,670 | -€8,925 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,595 | €10,670 | -€8,925 | -45.5% |
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 15 October 2026 via checked.be.