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 -€21,040
down €21,040 (-54.1%), from €38,920 to €17,881
of which Trade receivables: -€21,331
- Cash -€17,578
down €17,578 (-22.0%), from €79,834 to €62,257
mainly Contributions, distributions and other (-€37,184) and Debts after one year (-€6,122)
- Tangible fixed assets -€5,750
down €5,750 (-21.8%), from €26,358 to €20,608
of which Other tangible fixed assets: -€6,548
- Reserves -€34,823
down €34,823 (-48.4%), from €71,902 to €37,079
- Debts after one year -€6,122
down €6,122 (-33.9%), from €18,082 to €11,959
- Trade debts -€5,949
down €5,949 (-29.5%), from €20,134 to €14,186
- Tax, wage and social debts +€1,924
up €1,924 (+7.2%), from €26,566 to €28,489
- Gross operating margin -€22,557
down €22,557 (-48.6%), from €46,381 to €23,824
- Taxes -€5,824
down €5,824 (-75.3%), from €7,734 to €1,910
- Depreciation -€1,738
down €1,738 (-16.0%), from €10,852 to €9,114
- Financial income -€1,501
down €1,501 (-77.0%), from €1,950 to €448
of which Non-recurring financial income: -€1,444
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 | €151,562 | €106,774 | -€44,788 | -29.6% |
| Fixed assets | 21/28 | €26,358 | €20,608 | -€5,750 | -21.8% |
| Tangible fixed assets | 22/27 | €26,358 | €20,608 | -€5,750 | -21.8% |
| Plant, machinery and equipment | 23 | €4,461 | €4,141 | -€320 | -7.2% |
| Furniture and vehicles | 24 | €1,643 | €2,761 | +€1,118 | +68.0% |
| Other tangible fixed assets | 26 | €20,254 | €13,706 | -€6,548 | -32.3% |
| Current assets | 29/58 | €125,204 | €86,166 | -€39,038 | -31.2% |
| Stocks and contracts in progress | 3 | €3,590 | €3,590 | = | 0.0% |
| Stocks | 30/36 | €3,590 | €3,590 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,920 | €17,881 | -€21,040 | -54.1% |
| Trade receivables | 40 | €37,901 | €16,571 | -€21,331 | -56.3% |
| Other amounts receivable | 41 | €1,019 | €1,310 | +€291 | +28.5% |
| Cash at bank and in hand | 54/58 | €79,834 | €62,257 | -€17,578 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,859 | €2,438 | -€420 | -14.7% |
| Total equity and liabilities | 10/49 | €151,562 | €106,774 | -€44,788 | -29.6% |
| Equity | 10/15 | €80,502 | €45,679 | -€34,823 | -43.3% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €71,902 | €37,079 | -€34,823 | -48.4% |
| Distributable reserves | 133 | €71,902 | €37,079 | -€34,823 | -48.4% |
| Amounts payable | 17/49 | €71,060 | €61,095 | -€9,965 | -14.0% |
| Amounts payable after more than one year | 17 | €18,082 | €11,959 | -€6,122 | -33.9% |
| Financial debts | 170/4 | €18,082 | €11,959 | -€6,122 | -33.9% |
| Amounts payable within one year | 42/48 | €52,978 | €49,135 | -€3,843 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €6,115 | €6,181 | +€66 | +1.1% |
| Trade debts | 44 | €20,134 | €14,186 | -€5,949 | -29.5% |
| Suppliers | 440/4 | €20,134 | €14,186 | -€5,949 | -29.5% |
| Taxes, remuneration and social security | 45 | €26,566 | €28,489 | +€1,924 | +7.2% |
| Taxes | 450/3 | €26,566 | €28,489 | +€1,924 | +7.2% |
| Other amounts payable | 47/48 | €163 | €280 | +€117 | +71.5% |
| Non-recurring operating income | 76A | €3,667 | - | -€3,667 | |
| Remuneration, social security and pensions | 62 | €4,112 | €3,936 | -€176 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,852 | €9,114 | -€1,738 | -16.0% |
| Other operating charges | 640/8 | €2,932 | €2,521 | -€411 | -14.0% |
| Gross operating margin | 9900 | €46,381 | €23,824 | -€22,557 | -48.6% |
| Operating profit (loss) | 9901 | €28,485 | €8,252 | -€20,232 | -71.0% |
| Financial income | 75/76B | €1,950 | €448 | -€1,501 | -77.0% |
| Recurring financial income | 75 | €71 | €14 | -€57 | -80.8% |
| Non-recurring financial income | 76B | €1,879 | €435 | -€1,444 | -76.9% |
| Financial charges | 65/66B | €4,470 | €4,430 | -€39 | -0.9% |
| Recurring financial charges | 65 | €3,551 | €3,832 | +€281 | +7.9% |
| Non-recurring financial charges | 66B | €919 | €598 | -€320 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €25,964 | €4,270 | -€21,694 | -83.6% |
| Income taxes | 67/77 | €7,734 | €1,910 | -€5,824 | -75.3% |
| Profit (loss) for the period | 9904 | €18,230 | €2,361 | -€15,870 | -87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,230 | €2,361 | -€15,870 | -87.1% |
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 19 October 2026 via checked.be.