ZET-PROJECTS: 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.
ZET-PROJECTS
Largest movements
- Stocks and contracts +€140,790
up €140,790 (+73.0%), from €192,875 to €333,666
- Cash -€5,269
down €5,269 (-85.9%), from €6,133 to €864
mainly Stocks and contracts (-€140,790) and Net result for the year (-€5,247)
- Other debts +€103,736
up €103,736 (+104%), from €100,000 to €203,736
- Trade debts +€36,122
up €36,122 (+315%), from €11,462 to €47,584
- Profit (loss) carried forward -€5,247
down €5,247 (-78.4%), from -€6,694 to -€11,941
- Gross operating margin -€1,625
down €1,625 (-71.9%), from -€2,259 to -€3,884
- Financial charges +€64
up €64 (+19.9%), from €322 to €386
- Financial income +€51
new in 2025: €51
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 | €205,000 | €340,008 | +€135,008 | +65.9% |
| Formation expenses | 20 | €1,354 | €844 | -€509 | -37.6% |
| Current assets | 29/58 | €203,647 | €339,164 | +€135,517 | +66.5% |
| Stocks and contracts in progress | 3 | €192,875 | €333,666 | +€140,790 | +73.0% |
| Stocks | 30/36 | €192,875 | €333,666 | +€140,790 | +73.0% |
| Amounts receivable within one year | 40/41 | €3,107 | €3,731 | +€624 | +20.1% |
| Trade receivables | 40 | €55 | €0 | -€55 | -100% |
| Other amounts receivable | 41 | €3,052 | €3,731 | +€679 | +22.2% |
| Cash at bank and in hand | 54/58 | €6,133 | €864 | -€5,269 | -85.9% |
| Deferred charges and accrued income | 490/1 | €1,532 | €903 | -€628 | -41.0% |
| Total equity and liabilities | 10/49 | €205,000 | €340,008 | +€135,008 | +65.9% |
| Equity | 10/15 | €93,306 | €88,059 | -€5,247 | -5.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,694 | -€11,941 | -€5,247 | -78.4% |
| Amounts payable | 17/49 | €111,695 | €251,950 | +€140,255 | +126% |
| Amounts payable within one year | 42/48 | €111,470 | €251,320 | +€139,850 | +125% |
| Trade debts | 44 | €11,462 | €47,584 | +€36,122 | +315% |
| Suppliers | 440/4 | €11,462 | €47,584 | +€36,122 | +315% |
| Taxes, remuneration and social security | 45 | €8 | €0 | -€8 | -100% |
| Taxes | 450/3 | €8 | €0 | -€8 | -100% |
| Other amounts payable | 47/48 | €100,000 | €203,736 | +€103,736 | +104% |
| Accrued charges and deferred income | 492/3 | €224 | €630 | +€405 | +180% |
| Non-recurring operating income | 76A | €62 | €0 | -€62 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €509 | = | 0.0% |
| Other operating charges | 640/8 | €530 | €519 | -€11 | -2.0% |
| Gross operating margin | 9900 | -€2,259 | -€3,884 | -€1,625 | -71.9% |
| Operating profit (loss) | 9901 | -€3,298 | -€4,912 | -€1,614 | -48.9% |
| Financial income | 75/76B | - | €51 | +€51 | |
| Recurring financial income | 75 | - | €51 | +€51 | |
| Financial charges | 65/66B | €322 | €386 | +€64 | +19.9% |
| Recurring financial charges | 65 | €322 | €386 | +€64 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,620 | -€5,247 | -€1,627 | -44.9% |
| Profit (loss) for the period | 9904 | -€3,620 | -€5,247 | -€1,627 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,620 | -€5,247 | -€1,627 | -44.9% |
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 15 October 2026 via checked.be.