ZERO-ONE: 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.
ZERO-ONE
Largest movements
- Receivables within one year -€77,744
down €77,744 (-76.3%), from €101,944 to €24,200
of which Trade receivables: -€75,800
- Profit (loss) carried forward +€185,749
up €185,749 (+17.8%), from €1.0m to €1.2m
- Other debts -€151,670
down €151,670 (-55.0%), from €275,728 to €124,058
- Trade debts -€76,712
down €76,712 (-87.5%), from €87,621 to €10,910
- Current portion of long-term debt -€25,725
down €25,725 (-78.1%), from €32,956 to €7,231
- Gross operating margin +€138,176
up €138,176 (+107%), from €129,437 to €267,613
- Taxes +€36,383
up €36,383 (+165%), from €22,028 to €58,411
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 | €1,743,205 | €1,652,002 | -€91,203 | -5.2% |
| Fixed assets | 21/28 | €1,636,656 | €1,622,115 | -€14,541 | -0.9% |
| Tangible fixed assets | 22/27 | €39,322 | €24,781 | -€14,541 | -37.0% |
| Furniture and vehicles | 24 | €39,322 | €24,781 | -€14,541 | -37.0% |
| Financial fixed assets | 28 | €1,597,333 | €1,597,333 | = | 0.0% |
| Current assets | 29/58 | €106,550 | €29,888 | -€76,662 | -71.9% |
| Amounts receivable within one year | 40/41 | €101,944 | €24,200 | -€77,744 | -76.3% |
| Trade receivables | 40 | €100,000 | €24,200 | -€75,800 | -75.8% |
| Other amounts receivable | 41 | €1,944 | €0 | -€1,944 | -100% |
| Cash at bank and in hand | 54/58 | €4,605 | €5,688 | +€1,082 | +23.5% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €1,743,205 | €1,652,002 | -€91,203 | -5.2% |
| Equity | 10/15 | €1,265,475 | €1,451,223 | +€185,749 | +14.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,045,475 | €1,231,223 | +€185,749 | +17.8% |
| Amounts payable | 17/49 | €477,731 | €200,779 | -€276,952 | -58.0% |
| Amounts payable after more than one year | 17 | €49,565 | €42,333 | -€7,231 | -14.6% |
| Financial debts | 170/4 | €7,231 | €0 | -€7,231 | -100% |
| Other amounts payable | 178/9 | €42,333 | €42,333 | = | 0.0% |
| Amounts payable within one year | 42/48 | €426,886 | €158,446 | -€268,440 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €32,956 | €7,231 | -€25,725 | -78.1% |
| Trade debts | 44 | €87,621 | €10,910 | -€76,712 | -87.5% |
| Suppliers | 440/4 | €87,621 | €10,910 | -€76,712 | -87.5% |
| Taxes, remuneration and social security | 45 | €30,580 | €16,246 | -€14,334 | -46.9% |
| Taxes | 450/3 | €30,580 | €16,246 | -€14,334 | -46.9% |
| Other amounts payable | 47/48 | €275,728 | €124,058 | -€151,670 | -55.0% |
| Accrued charges and deferred income | 492/3 | €1,280 | €0 | -€1,280 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,349 | €14,541 | +€192 | +1.3% |
| Other operating charges | 640/8 | €2,105 | €2,667 | +€562 | +26.7% |
| Gross operating margin | 9900 | €129,437 | €267,613 | +€138,176 | +107% |
| Operating profit (loss) | 9901 | €112,983 | €250,404 | +€137,422 | +122% |
| Financial income | 75/76B | €415 | €0 | -€415 | -100% |
| Recurring financial income | 75 | €415 | €0 | -€415 | -100% |
| Financial charges | 65/66B | €7,242 | €6,245 | -€998 | -13.8% |
| Recurring financial charges | 65 | €7,242 | €6,245 | -€998 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €106,155 | €244,160 | +€138,005 | +130% |
| Income taxes | 67/77 | €22,028 | €58,411 | +€36,383 | +165% |
| Profit (loss) for the period | 9904 | €84,127 | €185,749 | +€101,622 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €84,127 | €185,749 | +€101,622 | +121% |
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 25 October 2026 via checked.be.