ZEROSEN: 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.
ZEROSEN
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Tangible fixed assets -€13,267
down €13,267 (-42.1%), from €31,525 to €18,258
of which Land and buildings: -€8,511
- Cash -€13,238
down €13,238 (-6.9%), from €191,506 to €178,268
mainly Contributions, distributions and other (-€35,178) and Current investments (-€30,000)
- Receivables within one year +€5,920
up €5,920 (+28.7%), from €20,664 to €26,584
of which Other amounts receivable: +€4,670
- Receivables after one year -€5,089
down €5,089 (-4.9%), from €104,302 to €99,213
- Debts after one year -€13,587
down €13,587 (-98.0%), from €13,867 to €280
- Reserves +€12,619
up €12,619 (+4.3%), from €296,821 to €309,440
- Other debts +€3,901
up €3,901 (+324.7%), from €1,202 to €5,103
- Gross operating margin +€1,328
up €1,328 (+1.6%), from €83,535 to €84,863
- Financial charges -€910
down €910 (-39.5%), from €2,304 to €1,394
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,817 | €353,162 | +€4,345 | +1.2% |
| Fixed assets | 21/28 | €31,675 | €18,408 | -€13,267 | -41.9% |
| Tangible fixed assets | 22/27 | €31,525 | €18,258 | -€13,267 | -42.1% |
| Land and buildings | 22 | €24,909 | €16,398 | -€8,511 | -34.2% |
| Plant, machinery and equipment | 23 | €2,003 | €1,006 | -€997 | -49.8% |
| Furniture and vehicles | 24 | €4,612 | €854 | -€3,758 | -81.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €317,142 | €334,754 | +€17,612 | +5.6% |
| Amounts receivable after more than one year | 29 | €104,302 | €99,213 | -€5,089 | -4.9% |
| Other amounts receivable | 291 | €104,302 | €99,213 | -€5,089 | -4.9% |
| Amounts receivable within one year | 40/41 | €20,664 | €26,584 | +€5,920 | +28.7% |
| Trade receivables | 40 | €12,016 | €13,266 | +€1,250 | +10.4% |
| Other amounts receivable | 41 | €8,648 | €13,318 | +€4,670 | +54.0% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €191,506 | €178,268 | -€13,238 | -6.9% |
| Deferred charges and accrued income | 490/1 | €670 | €690 | +€19 | +2.8% |
| Total equity and liabilities | 10/49 | €348,817 | €353,162 | +€4,345 | +1.2% |
| Equity | 10/15 | €309,221 | €321,840 | +€12,619 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €296,821 | €309,440 | +€12,619 | +4.3% |
| Distributable reserves | 133 | €296,821 | €309,440 | +€12,619 | +4.3% |
| Amounts payable | 17/49 | €39,596 | €31,322 | -€8,274 | -20.9% |
| Amounts payable after more than one year | 17 | €13,867 | €280 | -€13,587 | -98.0% |
| Financial debts | 170/4 | €13,867 | €280 | -€13,587 | -98.0% |
| Amounts payable within one year | 42/48 | €23,165 | €28,476 | +€5,311 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €12,835 | €13,587 | +€752 | +5.9% |
| Trade debts | 44 | €8,713 | €9,402 | +€689 | +7.9% |
| Suppliers | 440/4 | €8,713 | €9,402 | +€689 | +7.9% |
| Taxes, remuneration and social security | 45 | €416 | €385 | -€31 | -7.5% |
| Taxes | 450/3 | €416 | €385 | -€31 | -7.5% |
| Other amounts payable | 47/48 | €1,202 | €5,103 | +€3,901 | +324.7% |
| Accrued charges and deferred income | 492/3 | €2,564 | €2,566 | +€2 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,484 | €13,267 | -€217 | -1.6% |
| Other operating charges | 640/8 | €2,838 | €2,454 | -€385 | -13.5% |
| Gross operating margin | 9900 | €83,535 | €84,863 | +€1,328 | +1.6% |
| Operating profit (loss) | 9901 | €67,212 | €69,142 | +€1,930 | +2.9% |
| Financial income | 75/76B | €2,768 | €2,994 | +€225 | +8.1% |
| Recurring financial income | 75 | €2,768 | €2,994 | +€225 | +8.1% |
| Financial charges | 65/66B | €2,304 | €1,394 | -€910 | -39.5% |
| Recurring financial charges | 65 | €2,304 | €1,394 | -€910 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €67,677 | €70,742 | +€3,065 | +4.5% |
| Income taxes | 67/77 | €22,100 | €22,945 | +€846 | +3.8% |
| Profit (loss) for the period | 9904 | €45,577 | €47,797 | +€2,220 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,577 | €47,797 | +€2,220 | +4.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.