Zerocopy: 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.
Zerocopy
Largest movements
- Receivables within one year -€107,691
down €107,691 (-85.8%), from €125,451 to €17,760
of which Trade receivables: -€101,985
- Cash -€34,805
down €34,805 (-48.8%), from €71,293 to €36,487
mainly Trade debts (-€110,713) and Net result for the year (-€67,951)
- Trade debts -€110,713
down €110,713 (-65.2%), from €169,874 to €59,161
- Short-term financial debts +€75,000
up €75,000 (+150%), from €50,000 to €125,000
- Profit (loss) carried forward -€67,951
down €67,951 (-8.2%), from -€832,270 to -€900,220
- Debts after one year -€56,660
down €56,660 (-22.8%), from €248,898 to €192,238
- Current portion of long-term debt +€24,775
up €24,775 (+63.9%), from €38,796 to €63,571
- Staff costs -€225,333
down €225,333 (-61.1%), from €368,629 to €143,296
- Gross operating margin +€152,543
up €152,543, from -€54,152 to €98,391
- Financial charges +€7,359
up €7,359 (+54.5%), from €13,507 to €20,866
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 | €207,457 | €62,155 | -€145,302 | -70.0% |
| Fixed assets | 21/28 | €10,246 | €7,073 | -€3,174 | -31.0% |
| Intangible fixed assets | 21 | €3,544 | €2,080 | -€1,464 | -41.3% |
| Tangible fixed assets | 22/27 | €2,562 | €853 | -€1,709 | -66.7% |
| Furniture and vehicles | 24 | €2,562 | €853 | -€1,709 | -66.7% |
| Financial fixed assets | 28 | €4,140 | €4,140 | = | 0.0% |
| Current assets | 29/58 | €197,211 | €55,083 | -€142,128 | -72.1% |
| Amounts receivable within one year | 40/41 | €125,451 | €17,760 | -€107,691 | -85.8% |
| Trade receivables | 40 | €119,623 | €17,638 | -€101,985 | -85.3% |
| Other amounts receivable | 41 | €5,829 | €122 | -€5,707 | -97.9% |
| Cash at bank and in hand | 54/58 | €71,293 | €36,487 | -€34,805 | -48.8% |
| Deferred charges and accrued income | 490/1 | €467 | €835 | +€368 | +78.9% |
| Total equity and liabilities | 10/49 | €207,457 | €62,155 | -€145,302 | -70.0% |
| Equity | 10/15 | -€323,188 | -€391,138 | -€67,951 | -21.0% |
| Contributions | 10/11 | €504,711 | €504,711 | = | 0.0% |
| Reserves | 13 | €4,371 | €4,371 | = | 0.0% |
| Distributable reserves | 133 | €4,371 | €4,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€832,270 | -€900,220 | -€67,951 | -8.2% |
| Amounts payable | 17/49 | €530,645 | €453,293 | -€77,351 | -14.6% |
| Amounts payable after more than one year | 17 | €248,898 | €192,238 | -€56,660 | -22.8% |
| Financial debts | 170/4 | €248,898 | €192,238 | -€56,660 | -22.8% |
| Amounts payable within one year | 42/48 | €281,746 | €261,055 | -€20,691 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €38,796 | €63,571 | +€24,775 | +63.9% |
| Financial debts | 43 | €50,000 | €125,000 | +€75,000 | +150% |
| Credit institutions | 430/8 | €50,000 | €125,000 | +€75,000 | +150% |
| Trade debts | 44 | €169,874 | €59,161 | -€110,713 | -65.2% |
| Suppliers | 440/4 | €169,874 | €59,161 | -€110,713 | -65.2% |
| Taxes, remuneration and social security | 45 | €19,996 | €11,993 | -€8,003 | -40.0% |
| Taxes | 450/3 | €7,094 | €3,316 | -€3,778 | -53.3% |
| Remuneration and social security | 454/9 | €12,902 | €8,676 | -€4,226 | -32.8% |
| Other amounts payable | 47/48 | €3,080 | €1,331 | -€1,749 | -56.8% |
| Non-recurring operating income | 76A | €2,645 | €0 | -€2,645 | -100% |
| Remuneration, social security and pensions | 62 | €368,629 | €143,296 | -€225,333 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €2,097 | -€126 | -5.7% |
| Other operating charges | 640/8 | €0 | €118 | +€118 | |
| Non-recurring operating charges | 66A | - | €373 | +€373 | |
| Gross operating margin | 9900 | -€54,152 | €98,391 | +€152,543 | |
| Operating profit (loss) | 9901 | -€425,003 | -€47,492 | +€377,511 | +88.8% |
| Financial income | 75/76B | €716 | €408 | -€308 | -43.0% |
| Recurring financial income | 75 | €716 | €408 | -€308 | -43.0% |
| Financial charges | 65/66B | €13,507 | €20,866 | +€7,359 | +54.5% |
| Recurring financial charges | 65 | €13,507 | €20,866 | +€7,359 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | -€437,794 | -€67,951 | +€369,844 | +84.5% |
| Profit (loss) for the period | 9904 | -€437,794 | -€67,951 | +€369,844 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€437,794 | -€67,951 | +€369,844 | +84.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.