Zetavoo: 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.
Zetavoo
Largest movements
- Tangible fixed assets -€11,617
down €11,617 (-5.2%), from €224,165 to €212,548
- Cash +€10,740
up €10,740 (+129%), from €8,354 to €19,094
mainly Depreciation (+€11,617) and Receivables within one year (+€9,884)
- Receivables within one year -€9,884
no longer reported in 2025 (was €9,884)
- Reserves -€11,026
down €11,026 (-6.1%), from €180,629 to €169,603
- Gross operating margin -€11,978
down €11,978 (-78.2%), from €15,320 to €3,342
- Other operating charges -€308
down €308 (-10.4%), from €2,975 to €2,667
- Taxes -€158
no longer reported in 2025 (was €158)
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 | €244,584 | €231,826 | -€12,758 | -5.2% |
| Fixed assets | 21/28 | €224,165 | €212,548 | -€11,617 | -5.2% |
| Tangible fixed assets | 22/27 | €224,165 | €212,548 | -€11,617 | -5.2% |
| Land and buildings | 22 | €224,165 | €212,548 | -€11,617 | -5.2% |
| Current assets | 29/58 | €20,419 | €19,277 | -€1,142 | -5.6% |
| Amounts receivable within one year | 40/41 | €9,884 | - | -€9,884 | |
| Other amounts receivable | 41 | €9,884 | - | -€9,884 | |
| Cash at bank and in hand | 54/58 | €8,354 | €19,094 | +€10,740 | +129% |
| Deferred charges and accrued income | 490/1 | €2,181 | €183 | -€1,997 | -91.6% |
| Total equity and liabilities | 10/49 | €244,584 | €231,826 | -€12,758 | -5.2% |
| Equity | 10/15 | €193,829 | €182,803 | -€11,026 | -5.7% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €180,629 | €169,603 | -€11,026 | -6.1% |
| Distributable reserves | 133 | €180,629 | €169,603 | -€11,026 | -6.1% |
| Amounts payable | 17/49 | €50,755 | €49,023 | -€1,732 | -3.4% |
| Amounts payable within one year | 42/48 | €49,370 | €49,023 | -€348 | -0.7% |
| Taxes, remuneration and social security | 45 | €57 | €315 | +€258 | +452% |
| Taxes | 450/3 | €57 | €315 | +€258 | +452% |
| Other amounts payable | 47/48 | €49,313 | €48,708 | -€606 | -1.2% |
| Accrued charges and deferred income | 492/3 | €1,384 | - | -€1,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,617 | €11,617 | = | 0.0% |
| Other operating charges | 640/8 | €2,975 | €2,667 | -€308 | -10.4% |
| Gross operating margin | 9900 | €15,320 | €3,342 | -€11,978 | -78.2% |
| Operating profit (loss) | 9901 | €729 | -€10,941 | -€11,670 | |
| Financial charges | 65/66B | €150 | €85 | -€65 | -43.5% |
| Recurring financial charges | 65 | €150 | €85 | -€65 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €578 | -€11,026 | -€11,604 | |
| Income taxes | 67/77 | €158 | - | -€158 | |
| Profit (loss) for the period | 9904 | €420 | -€11,026 | -€11,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €420 | -€11,026 | -€11,447 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.