Zet37 Advice: what changed
Zet37 Advice
Largest movements
- Current investments +€130,867
up €130,867 (+836%), from €15,647 to €146,514
- Cash -€95,363
down €95,363 (-64.0%), from €148,920 to €53,557
mainly Current investments (-€130,867) and Receivables within one year (-€67,095)
- Receivables within one year +€67,095
up €67,095 (+308%), from €21,780 to €88,875
of which Other amounts receivable: +€66,574
- Tangible fixed assets -€9,976
down €9,976 (-23.8%), from €41,949 to €31,974
of which Furniture and vehicles: -€9,550
- Profit (loss) carried forward +€91,859
up €91,859 (+63.8%), from €143,943 to €235,802
- Tax, wage and social debts +€10,293
up €10,293 (+18.3%), from €56,343 to €66,636
- Other debts -€5,746
down €5,746 (-100%), from €5,746 to €0
- Gross operating margin -€7,818
down €7,818 (-5.8%), from €133,711 to €125,893
- Financial income +€5,882
up €5,882 (+947%), from €621 to €6,503
- Financial charges -€2,257
down €2,257 (-84.9%), from €2,658 to €401
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,788 | €323,521 | +€93,734 | +40.8% |
| Fixed assets | 21/28 | €41,949 | €31,974 | -€9,976 | -23.8% |
| Tangible fixed assets | 22/27 | €41,949 | €31,974 | -€9,976 | -23.8% |
| Plant, machinery and equipment | 23 | €1,518 | €1,093 | -€426 | -28.0% |
| Furniture and vehicles | 24 | €40,431 | €30,881 | -€9,550 | -23.6% |
| Current assets | 29/58 | €187,838 | €291,548 | +€103,709 | +55.2% |
| Amounts receivable within one year | 40/41 | €21,780 | €88,875 | +€67,095 | +308% |
| Trade receivables | 40 | €21,780 | €22,301 | +€521 | +2.4% |
| Other amounts receivable | 41 | - | €66,574 | +€66,574 | |
| Current investments | 50/53 | €15,647 | €146,514 | +€130,867 | +836% |
| Cash at bank and in hand | 54/58 | €148,920 | €53,557 | -€95,363 | -64.0% |
| Deferred charges and accrued income | 490/1 | €1,491 | €2,602 | +€1,111 | +74.5% |
| Total equity and liabilities | 10/49 | €229,788 | €323,521 | +€93,734 | +40.8% |
| Equity | 10/15 | €163,943 | €255,802 | +€91,859 | +56.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,943 | €235,802 | +€91,859 | +63.8% |
| Amounts payable | 17/49 | €65,845 | €67,719 | +€1,874 | +2.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €64,134 | €67,719 | +€3,585 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,045 | €1,083 | -€963 | -47.1% |
| Suppliers | 440/4 | €2,045 | €1,083 | -€963 | -47.1% |
| Taxes, remuneration and social security | 45 | €56,343 | €66,636 | +€10,293 | +18.3% |
| Taxes | 450/3 | €56,343 | €66,636 | +€10,293 | +18.3% |
| Other amounts payable | 47/48 | €5,746 | €0 | -€5,746 | -100% |
| Accrued charges and deferred income | 492/3 | €1,711 | €0 | -€1,711 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,259 | €12,821 | +€562 | +4.6% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €424 | €191 | -€233 | -55.0% |
| Gross operating margin | 9900 | €133,711 | €125,893 | -€7,818 | -5.8% |
| Operating profit (loss) | 9901 | €120,515 | €112,353 | -€8,161 | -6.8% |
| Financial income | 75/76B | €621 | €6,503 | +€5,882 | +947% |
| Recurring financial income | 75 | €621 | €6,503 | +€5,882 | +947% |
| Financial charges | 65/66B | €2,658 | €401 | -€2,257 | -84.9% |
| Recurring financial charges | 65 | €2,658 | €401 | -€2,257 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €118,478 | €118,455 | -€23 | 0.0% |
| Income taxes | 67/77 | €26,952 | €26,595 | -€356 | -1.3% |
| Profit (loss) for the period | 9904 | €91,526 | €91,859 | +€333 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €91,526 | €91,859 | +€333 | +0.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.