ZERON: what changed
Two fiscal 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.
What changed
ZERON
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€702,661
2024 · €1.3m-€582,972
Equity
€3.2m
2024 · €2.5m+€702,661
Cash
€7,021
2024 · €16,656-€9,635
Balance sheet total
€13.2m
2024 · €5.8m+€7.4m
Largest movements
Assets
- Financial fixed assets +€8.0m
up €8.0m (+67334.4%), from €11,881 to €8.0m
- Receivables within one year -€1.4m
down €1.4m (-54.4%), from €2.5m to €1.1m
of which Other amounts receivable: -€1.3m
- Intangible fixed assets +€659,025
up €659,025 (+20.1%), from €3.3m to €3.9m
Equity and liabilities
- Debts after one year +€6.0m
new in 2025: €6.0m
- Current portion of long-term debt +€1.3m
new in 2025: €1.3m
- Reserves +€702,661
up €702,661 (+27.7%), from €2.5m to €3.2m
- Other debts -€341,677
down €341,677 (-14.8%), from €2.3m to €2.0m
- Trade debts -€330,639
down €330,639 (-37.3%), from €885,308 to €554,669
Income statement
- Purchases and services +€413,548
up €413,548 (+24.0%), from €1.7m to €2.1m
- Gross operating margin -€324,511
down €324,511 (-9.9%), from €3.3m to €3.0m
- Turnover -€319,981
down €319,981 (-6.8%), from €4.7m to €4.4m
- Write-downs -€260,646
down €260,646, from €135,769 to -€124,877
- Depreciation +€251,893
up €251,893 (+40.3%), from €624,644 to €876,538
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.
Result 2024
€1.3m
Gross operating margin
-€324,511
Staff costs
-€2,282
Depreciation
-€251,893
Write-downs
+€260,646
Other operating charges
-€171,437
Other operating items
-€2,775
Financial income
-€19,835
Financial charges
-€71,067
Taxes
+€183
Result 2025
€702,661
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.
From operations
+€2.2m
Investment
-€9.6m
Financing
+€7.4m
Cash 2024
€16,656
From operations (derived)
+€2.2m
Net result for the year
+€702,661
Depreciation
+€876,538
Receivables within one year
+€1.4m
Deferred charges and accrued income
-€86,549
Trade debts
-€330,639
Tax, wage and social debts
-€2,787
Other debts
-€341,677
Investment (derived)
-€9.6m
Investment in fixed assets (net)
-€9.6m
Financing
+€7.4m
Debts after one year
+€6.0m
Current portion of long-term debt
+€1.3m
Short-term financial debts
+€70,327
Cash 2025
€7,021
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,819,047 | €13,246,934 | +€7.4m | +127.6% |
| Formation expenses | 20 | - | €50,508 | +€50,508 | |
| Fixed assets | 21/28 | €3,301,057 | €11,961,265 | +€8.7m | +262.3% |
| Intangible fixed assets | 21 | €3,274,445 | €3,933,471 | +€659,025 | +20.1% |
| Tangible fixed assets | 22/27 | €14,731 | €15,913 | +€1,182 | +8.0% |
| Land and buildings | 22 | €1,013 | €845 | -€168 | -16.6% |
| Furniture and vehicles | 24 | €13,718 | €15,068 | +€1,350 | +9.8% |
| Financial fixed assets | 28 | €11,881 | €8,011,881 | +€8.0m | +67334.4% |
| Current assets | 29/58 | €2,517,990 | €1,235,161 | -€1.3m | -50.9% |
| Amounts receivable within one year | 40/41 | €2,501,334 | €1,141,591 | -€1.4m | -54.4% |
| Trade receivables | 40 | €497,235 | €402,707 | -€94,529 | -19.0% |
| Other amounts receivable | 41 | €2,004,098 | €738,884 | -€1.3m | -63.1% |
| Cash at bank and in hand | 54/58 | €16,656 | €7,021 | -€9,635 | -57.8% |
| Deferred charges and accrued income | 490/1 | - | €86,549 | +€86,549 | |
| Total equity and liabilities | 10/49 | €5,819,047 | €13,246,934 | +€7.4m | +127.6% |
| Equity | 10/15 | €2,545,712 | €3,248,373 | +€702,661 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,539,512 | €3,242,173 | +€702,661 | +27.7% |
| Distributable reserves | 133 | €2,539,512 | €3,242,173 | +€702,661 | +27.7% |
| Amounts payable | 17/49 | €3,273,336 | €9,998,561 | +€6.7m | +205.5% |
| Amounts payable after more than one year | 17 | - | €5,990,000 | +€6.0m | |
| Financial debts | 170/4 | - | €5,990,000 | +€6.0m | |
| Amounts payable within one year | 42/48 | €3,273,336 | €4,008,561 | +€735,225 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,340,000 | +€1.3m | |
| Financial debts | 43 | - | €70,327 | +€70,327 | |
| Credit institutions | 430/8 | - | €70,327 | +€70,327 | |
| Trade debts | 44 | €885,308 | €554,669 | -€330,639 | -37.3% |
| Suppliers | 440/4 | €885,308 | €554,669 | -€330,639 | -37.3% |
| Taxes, remuneration and social security | 45 | €85,592 | €82,806 | -€2,787 | -3.3% |
| Taxes | 450/3 | €11,766 | €183 | -€11,583 | -98.4% |
| Remuneration and social security | 454/9 | €73,826 | €82,623 | +€8,797 | +11.9% |
| Other amounts payable | 47/48 | €2,302,436 | €1,960,759 | -€341,677 | -14.8% |
| Turnover | 70 | €4,687,733 | €4,367,752 | -€319,981 | -6.8% |
| Non-recurring operating income | 76A | - | €55,469 | +€55,469 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,726,233 | €2,139,781 | +€413,548 | +24.0% |
| Remuneration, social security and pensions | 62 | €742,168 | €744,450 | +€2,282 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624,644 | €876,538 | +€251,893 | +40.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €135,769 | -€124,877 | -€260,646 | |
| Other operating charges | 640/8 | €3,944 | €175,381 | +€171,437 | +4346.9% |
| Non-recurring operating charges | 66A | €16,084 | €18,860 | +€2,775 | +17.3% |
| Gross operating margin | 9900 | €3,275,826 | €2,951,315 | -€324,511 | -9.9% |
| Operating profit (loss) | 9901 | €1,753,216 | €1,260,964 | -€492,253 | -28.1% |
| Financial income | 75/76B | €50,949 | €31,114 | -€19,835 | -38.9% |
| Recurring financial income | 75 | €50,949 | €31,114 | -€19,835 | -38.9% |
| Financial charges | 65/66B | €518,349 | €589,416 | +€71,067 | +13.7% |
| Recurring financial charges | 65 | €65,176 | €352,474 | +€287,298 | +440.8% |
| Non-recurring financial charges | 66B | €453,173 | €236,942 | -€216,232 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €1,285,816 | €702,661 | -€583,155 | -45.4% |
| Income taxes | 67/77 | €183 | - | -€183 | |
| Profit (loss) for the period | 9904 | €1,285,633 | €702,661 | -€582,972 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,285,633 | €702,661 | -€582,972 | -45.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.