ZERISCO: 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.
ZERISCO
Largest movements
- Receivables within one year -€28,161
down €28,161 (-33.5%), from €84,057 to €55,896
of which Trade receivables: -€22,697
- Stocks and contracts -€6,417
no longer reported in 2025 (was €6,417)
- Cash +€3,104
up €3,104 (+34.2%), from €9,069 to €12,173
mainly Receivables within one year (+€28,161) and Depreciation (+€7,584)
- Tangible fixed assets -€2,387
down €2,387 (-8.6%), from €27,899 to €25,512
of which Furniture and vehicles: -€1,519
- Profit (loss) carried forward -€17,170
down €17,170 (-99.4%), from €17,273 to €103
- Trade debts -€7,173
down €7,173 (-92.2%), from €7,777 to €604
- Tax, wage and social debts -€5,708
down €5,708 (-44.4%), from €12,847 to €7,139
- Other debts -€4,392
down €4,392 (-13.8%), from €31,739 to €27,347
- Gross operating margin -€63,114
down €63,114, from €56,250 to -€6,864
- Taxes -€13,317
down €13,317 (-99.0%), from €13,448 to €131
- Depreciation +€3,463
up €3,463 (+84.0%), from €4,121 to €7,584
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 | €129,759 | €95,978 | -€33,781 | -26.0% |
| Fixed assets | 21/28 | €27,899 | €25,512 | -€2,387 | -8.6% |
| Tangible fixed assets | 22/27 | €27,899 | €25,512 | -€2,387 | -8.6% |
| Plant, machinery and equipment | 23 | €1,716 | €848 | -€868 | -50.6% |
| Furniture and vehicles | 24 | €26,183 | €24,664 | -€1,519 | -5.8% |
| Current assets | 29/58 | €101,860 | €70,466 | -€31,394 | -30.8% |
| Stocks and contracts in progress | 3 | €6,417 | - | -€6,417 | |
| Stocks | 30/36 | €6,417 | - | -€6,417 | |
| Amounts receivable within one year | 40/41 | €84,057 | €55,896 | -€28,161 | -33.5% |
| Trade receivables | 40 | €28,262 | €5,565 | -€22,697 | -80.3% |
| Other amounts receivable | 41 | €55,795 | €50,331 | -€5,464 | -9.8% |
| Cash at bank and in hand | 54/58 | €9,069 | €12,173 | +€3,104 | +34.2% |
| Deferred charges and accrued income | 490/1 | €2,317 | €2,397 | +€80 | +3.5% |
| Total equity and liabilities | 10/49 | €129,759 | €95,978 | -€33,781 | -26.0% |
| Equity | 10/15 | €77,070 | €59,900 | -€17,170 | -22.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,797 | €54,797 | = | 0.0% |
| Distributable reserves | 133 | €54,797 | €54,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,273 | €103 | -€17,170 | -99.4% |
| Amounts payable | 17/49 | €52,689 | €36,078 | -€16,611 | -31.5% |
| Amounts payable within one year | 42/48 | €52,689 | €35,448 | -€17,241 | -32.7% |
| Financial debts | 43 | €326 | €358 | +€32 | +9.8% |
| Credit institutions | 430/8 | €326 | €358 | +€32 | +9.8% |
| Trade debts | 44 | €7,777 | €604 | -€7,173 | -92.2% |
| Suppliers | 440/4 | €7,777 | €604 | -€7,173 | -92.2% |
| Taxes, remuneration and social security | 45 | €12,847 | €7,139 | -€5,708 | -44.4% |
| Taxes | 450/3 | €12,847 | €7,139 | -€5,708 | -44.4% |
| Other amounts payable | 47/48 | €31,739 | €27,347 | -€4,392 | -13.8% |
| Accrued charges and deferred income | 492/3 | - | €630 | +€630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,121 | €7,584 | +€3,463 | +84.0% |
| Other operating charges | 640/8 | €1,251 | €1,275 | +€24 | +1.9% |
| Gross operating margin | 9900 | €56,250 | -€6,864 | -€63,114 | |
| Operating profit (loss) | 9901 | €50,878 | -€15,723 | -€66,601 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €157 | €70 | -€87 | -55.4% |
| Recurring financial charges | 65 | €157 | €70 | -€87 | -55.4% |
| Profit (loss) for the period before taxes | 9903 | €50,721 | -€15,789 | -€66,510 | |
| Income taxes | 67/77 | €13,448 | €131 | -€13,317 | -99.0% |
| Profit (loss) for the period | 9904 | €37,273 | -€15,920 | -€53,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,273 | -€15,920 | -€53,193 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.