ZETA 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.
ZETA PROJECTS
Largest movements
- Receivables within one year -€8,075
no longer reported in 2025 (was €8,075)
of which Trade receivables: -€7,879
- Cash +€2,650
up €2,650 (+1453.1%), from €182 to €2,832
mainly Receivables within one year (+€8,075) and Tax, wage and social debts (+€1,425)
- Tangible fixed assets -€443
down €443 (-33.5%), from €1,320 to €877
- Other debts -€5,000
down €5,000 (-18.7%), from €26,782 to €21,782
- Profit (loss) carried forward -€2,293
down €2,293 (-8.6%), from -€26,604 to -€28,897
- Tax, wage and social debts +€1,425
new in 2025: €1,425
- Other operating charges +€1,285
new in 2025: €1,285
- Gross operating margin +€1,178
up €1,178 (+75.1%), from -€1,570 to -€392
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 | €17,178 | €11,310 | -€5,869 | -34.2% |
| Fixed assets | 21/28 | €1,320 | €877 | -€443 | -33.5% |
| Tangible fixed assets | 22/27 | €1,320 | €877 | -€443 | -33.5% |
| Plant, machinery and equipment | 23 | €1,320 | €877 | -€443 | -33.5% |
| Current assets | 29/58 | €15,858 | €10,432 | -€5,426 | -34.2% |
| Stocks and contracts in progress | 3 | €7,600 | €7,600 | = | 0.0% |
| Stocks | 30/36 | €7,600 | €7,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,075 | - | -€8,075 | |
| Trade receivables | 40 | €7,879 | - | -€7,879 | |
| Other amounts receivable | 41 | €196 | - | -€196 | |
| Cash at bank and in hand | 54/58 | €182 | €2,832 | +€2,650 | +1453.1% |
| Total equity and liabilities | 10/49 | €17,178 | €11,310 | -€5,869 | -34.2% |
| Equity | 10/15 | -€9,604 | -€11,897 | -€2,293 | -23.9% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,604 | -€28,897 | -€2,293 | -8.6% |
| Amounts payable | 17/49 | €26,782 | €23,207 | -€3,575 | -13.4% |
| Amounts payable within one year | 42/48 | €26,782 | €23,207 | -€3,575 | -13.4% |
| Taxes, remuneration and social security | 45 | - | €1,425 | +€1,425 | |
| Taxes | 450/3 | - | €1,425 | +€1,425 | |
| Other amounts payable | 47/48 | €26,782 | €21,782 | -€5,000 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €443 | €443 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,285 | +€1,285 | |
| Gross operating margin | 9900 | -€1,570 | -€392 | +€1,178 | +75.1% |
| Operating profit (loss) | 9901 | -€2,013 | -€2,120 | -€107 | -5.3% |
| Financial charges | 65/66B | €174 | €174 | -€0 | -0.1% |
| Recurring financial charges | 65 | €174 | €174 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,186 | -€2,293 | -€107 | -4.9% |
| Profit (loss) for the period | 9904 | -€2,186 | -€2,293 | -€107 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,186 | -€2,293 | -€107 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.