ZÉRO NEUF: 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.
ZÉRO NEUF
Largest movements
- Receivables within one year -€30,550
down €30,550 (-80.8%), from €37,821 to €7,271
of which Trade receivables: -€31,859
- Stocks and contracts -€18,230
down €18,230 (-46.5%), from €39,195 to €20,966
- Cash -€4,857
down €4,857 (-61.2%), from €7,938 to €3,081
mainly Trade debts (-€33,239) and Other debts (-€19,189)
- Trade debts -€33,239
down €33,239 (-87.8%), from €37,855 to €4,616
- Other debts -€19,189
down €19,189 (-98.8%), from €19,415 to €226
- Tax, wage and social debts -€8,981
down €8,981 (-74.3%), from €12,085 to €3,104
of which Taxes: -€7,416
- Profit (loss) carried forward +€4,801
up €4,801 (+16.7%), from €28,680 to €33,481
- Accrued charges and deferred income +€2,810
new in 2025: €2,810
- Gross operating margin -€19,524
down €19,524 (-38.0%), from €51,426 to €31,903
- Staff costs +€9,293
up €9,293 (+79.8%), from €11,638 to €20,930
- Taxes -€6,069
down €6,069 (-76.7%), from €7,910 to €1,842
- Other operating charges +€1,696
new in 2025: €1,696
- Financial charges -€770
down €770 (-30.9%), from €2,494 to €1,724
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 | €110,035 | €56,237 | -€53,798 | -48.9% |
| Fixed assets | 21/28 | €24,865 | €24,866 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €14,265 | €14,266 | +€1 | 0.0% |
| Plant, machinery and equipment | 23 | €6,265 | €5,568 | -€697 | -11.1% |
| Furniture and vehicles | 24 | - | €698 | +€698 | |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,600 | €10,600 | = | 0.0% |
| Current assets | 29/58 | €85,171 | €31,372 | -€53,799 | -63.2% |
| Stocks and contracts in progress | 3 | €39,195 | €20,966 | -€18,230 | -46.5% |
| Stocks | 30/36 | €39,195 | €20,966 | -€18,230 | -46.5% |
| Amounts receivable within one year | 40/41 | €37,821 | €7,271 | -€30,550 | -80.8% |
| Trade receivables | 40 | €37,621 | €5,762 | -€31,859 | -84.7% |
| Other amounts receivable | 41 | €200 | €1,508 | +€1,308 | +654.2% |
| Cash at bank and in hand | 54/58 | €7,938 | €3,081 | -€4,857 | -61.2% |
| Deferred charges and accrued income | 490/1 | €216 | €54 | -€162 | -74.8% |
| Total equity and liabilities | 10/49 | €110,035 | €56,237 | -€53,798 | -48.9% |
| Equity | 10/15 | €40,680 | €45,481 | +€4,801 | +11.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,680 | €33,481 | +€4,801 | +16.7% |
| Amounts payable | 17/49 | €69,355 | €10,756 | -€58,599 | -84.5% |
| Amounts payable within one year | 42/48 | €69,355 | €7,946 | -€61,409 | -88.5% |
| Trade debts | 44 | €37,855 | €4,616 | -€33,239 | -87.8% |
| Suppliers | 440/4 | €37,855 | €4,616 | -€33,239 | -87.8% |
| Taxes, remuneration and social security | 45 | €12,085 | €3,104 | -€8,981 | -74.3% |
| Taxes | 450/3 | €9,491 | €2,075 | -€7,416 | -78.1% |
| Remuneration and social security | 454/9 | €2,594 | €1,029 | -€1,565 | -60.3% |
| Other amounts payable | 47/48 | €19,415 | €226 | -€19,189 | -98.8% |
| Accrued charges and deferred income | 492/3 | - | €2,810 | +€2,810 | |
| Remuneration, social security and pensions | 62 | €11,638 | €20,930 | +€9,293 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €1,024 | +€317 | +44.9% |
| Other operating charges | 640/8 | - | €1,696 | +€1,696 | |
| Gross operating margin | 9900 | €51,426 | €31,903 | -€19,524 | -38.0% |
| Operating profit (loss) | 9901 | €39,082 | €8,253 | -€30,829 | -78.9% |
| Financial income | 75/76B | €3 | €114 | +€111 | +3925.9% |
| Recurring financial income | 75 | €3 | €114 | +€111 | +3925.9% |
| Financial charges | 65/66B | €2,494 | €1,724 | -€770 | -30.9% |
| Recurring financial charges | 65 | €2,494 | €1,724 | -€770 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €36,591 | €6,642 | -€29,948 | -81.8% |
| Income taxes | 67/77 | €7,910 | €1,842 | -€6,069 | -76.7% |
| Profit (loss) for the period | 9904 | €28,680 | €4,801 | -€23,880 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,680 | €4,801 | -€23,880 | -83.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.