ZEROBUILD: 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.
ZEROBUILD
Largest movements
- Receivables within one year -€441,918
down €441,918 (-91.2%), from €484,452 to €42,534
of which Other amounts receivable: -€435,311
- Cash -€129,895
down €129,895 (-85.3%), from €152,319 to €22,423
mainly Other debts (-€583,696) and Stocks and contracts (-€31,720)
- Stocks and contracts +€31,720
up €31,720 (+20.9%), from €151,421 to €183,141
- Tangible fixed assets -€21,720
down €21,720 (-23.9%), from €90,787 to €69,067
of which Furniture and vehicles: -€14,345
- Financial fixed assets +€9,000
new in 2025: €9,000
- Other debts -€583,696
down €583,696 (-95.9%), from €608,610 to €24,914
- Debts after one year +€49,735
new in 2025: €49,735
- Trade debts -€28,310
down €28,310 (-39.9%), from €70,911 to €42,601
- Profit (loss) carried forward +€26,237
up €26,237 (+30.2%), from €86,845 to €113,082
- Advances received -€23,374
down €23,374 (-80.8%), from €28,930 to €5,557
- Gross operating margin -€495,789
down €495,789 (-82.5%), from €601,044 to €105,256
- Taxes -€116,170
down €116,170 (-92.8%), from €125,146 to €8,977
- Staff costs -€38,767
down €38,767 (-74.6%), from €51,983 to €13,216
- Financial income -€16,269
down €16,269 (-99.9%), from €16,280 to €12
- Depreciation -€15,556
down €15,556 (-30.7%), from €50,652 to €35,096
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 | €878,978 | €329,165 | -€549,813 | -62.6% |
| Fixed assets | 21/28 | €90,787 | €78,067 | -€12,720 | -14.0% |
| Tangible fixed assets | 22/27 | €90,787 | €69,067 | -€21,720 | -23.9% |
| Land and buildings | 22 | €7,308 | €10,265 | +€2,957 | +40.5% |
| Plant, machinery and equipment | 23 | €15,204 | €7,324 | -€7,880 | -51.8% |
| Furniture and vehicles | 24 | €44,229 | €29,884 | -€14,345 | -32.4% |
| Other tangible fixed assets | 26 | €24,046 | €21,595 | -€2,452 | -10.2% |
| Financial fixed assets | 28 | - | €9,000 | +€9,000 | |
| Current assets | 29/58 | €788,191 | €251,098 | -€537,093 | -68.1% |
| Stocks and contracts in progress | 3 | €151,421 | €183,141 | +€31,720 | +20.9% |
| Stocks | 30/36 | €151,421 | €183,141 | +€31,720 | +20.9% |
| Amounts receivable within one year | 40/41 | €484,452 | €42,534 | -€441,918 | -91.2% |
| Trade receivables | 40 | €34,457 | €27,849 | -€6,608 | -19.2% |
| Other amounts receivable | 41 | €449,995 | €14,684 | -€435,311 | -96.7% |
| Cash at bank and in hand | 54/58 | €152,319 | €22,423 | -€129,895 | -85.3% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €878,978 | €329,165 | -€549,813 | -62.6% |
| Equity | 10/15 | €159,138 | €185,375 | +€26,237 | +16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,694 | €53,694 | = | 0.0% |
| Distributable reserves | 133 | €53,694 | €53,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,845 | €113,082 | +€26,237 | +30.2% |
| Amounts payable | 17/49 | €719,840 | €143,790 | -€576,050 | -80.0% |
| Amounts payable after more than one year | 17 | - | €49,735 | +€49,735 | |
| Financial debts | 170/4 | - | €49,735 | +€49,735 | |
| Amounts payable within one year | 42/48 | €719,840 | €94,054 | -€625,785 | -86.9% |
| Current portion of amounts payable after more than one year | 42 | €10,706 | €12,262 | +€1,555 | +14.5% |
| Trade debts | 44 | €70,911 | €42,601 | -€28,310 | -39.9% |
| Suppliers | 440/4 | €70,911 | €42,601 | -€28,310 | -39.9% |
| Advances received on contracts in progress | 46 | €28,930 | €5,557 | -€23,374 | -80.8% |
| Taxes, remuneration and social security | 45 | €682 | €8,721 | +€8,039 | +1,178% |
| Taxes | 450/3 | €682 | €6,942 | +€6,260 | +917% |
| Remuneration and social security | 454/9 | - | €1,780 | +€1,780 | |
| Other amounts payable | 47/48 | €608,610 | €24,914 | -€583,696 | -95.9% |
| Non-recurring operating income | 76A | €430,971 | €2,247 | -€428,724 | -99.5% |
| Remuneration, social security and pensions | 62 | €51,983 | €13,216 | -€38,767 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,652 | €35,096 | -€15,556 | -30.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,868 | €1,175 | -€9,693 | -89.2% |
| Other operating charges | 640/8 | €3,520 | €14,650 | +€11,131 | +316% |
| Non-recurring operating charges | 66A | €1,385 | €0 | -€1,385 | -100% |
| Gross operating margin | 9900 | €601,044 | €105,256 | -€495,789 | -82.5% |
| Operating profit (loss) | 9901 | €482,637 | €41,119 | -€441,518 | -91.5% |
| Financial income | 75/76B | €16,280 | €12 | -€16,269 | -99.9% |
| Recurring financial income | 75 | €16,280 | €12 | -€16,269 | -99.9% |
| Financial charges | 65/66B | €11,676 | €5,917 | -€5,759 | -49.3% |
| Recurring financial charges | 65 | €11,676 | €5,917 | -€5,759 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €487,242 | €35,214 | -€452,028 | -92.8% |
| Income taxes | 67/77 | €125,146 | €8,977 | -€116,170 | -92.8% |
| Profit (loss) for the period | 9904 | €362,096 | €26,237 | -€335,858 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €362,096 | €26,237 | -€335,858 | -92.8% |
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 16 October 2026 via checked.be.