ZETAZ SYSTEMS: 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.
ZETAZ SYSTEMS
Largest movements
- Receivables within one year -€5,294
down €5,294 (-29.1%), from €18,179 to €12,885
of which Trade receivables: -€6,294
- Trade debts -€4,856
down €4,856 (-28.5%), from €17,067 to €12,211
- Short-term financial debts -€2,349
down €2,349 (-49.9%), from €4,705 to €2,356
- Profit (loss) carried forward +€1,790
up €1,790 (+27.2%), from -€6,593 to -€4,802
- Tax, wage and social debts +€207
new in 2025: €207
- Gross operating margin +€35,010
up €35,010 (+238%), from €14,722 to €49,732
- Staff costs +€26,003
up €26,003 (+122%), from €21,322 to €47,325
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,179 | €12,972 | -€5,207 | -28.6% |
| Current assets | 29/58 | €18,179 | €12,972 | -€5,207 | -28.6% |
| Amounts receivable within one year | 40/41 | €18,179 | €12,885 | -€5,294 | -29.1% |
| Trade receivables | 40 | €13,816 | €7,521 | -€6,294 | -45.6% |
| Other amounts receivable | 41 | €4,364 | €5,364 | +€1,000 | +22.9% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €18,179 | €12,972 | -€5,207 | -28.6% |
| Equity | 10/15 | -€3,593 | -€1,802 | +€1,790 | +49.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,593 | -€4,802 | +€1,790 | +27.2% |
| Amounts payable | 17/49 | €21,772 | €14,774 | -€6,998 | -32.1% |
| Amounts payable within one year | 42/48 | €21,772 | €14,774 | -€6,998 | -32.1% |
| Financial debts | 43 | €4,705 | €2,356 | -€2,349 | -49.9% |
| Credit institutions | 430/8 | €4,705 | €2,356 | -€2,349 | -49.9% |
| Trade debts | 44 | €17,067 | €12,211 | -€4,856 | -28.5% |
| Suppliers | 440/4 | €17,067 | €12,211 | -€4,856 | -28.5% |
| Taxes, remuneration and social security | 45 | - | €207 | +€207 | |
| Taxes | 450/3 | - | €207 | +€207 | |
| Remuneration, social security and pensions | 62 | €21,322 | €47,325 | +€26,003 | +122% |
| Other operating charges | 640/8 | - | €399 | +€399 | |
| Gross operating margin | 9900 | €14,722 | €49,732 | +€35,010 | +238% |
| Operating profit (loss) | 9901 | -€6,600 | €2,009 | +€8,608 | |
| Financial income | 75/76B | €115 | - | -€115 | |
| Recurring financial income | 75 | €115 | - | -€115 | |
| Financial charges | 65/66B | €108 | €210 | +€102 | +94.4% |
| Recurring financial charges | 65 | €108 | €210 | +€102 | +94.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,593 | €1,799 | +€8,391 | |
| Income taxes | 67/77 | - | €8 | +€8 | |
| Profit (loss) for the period | 9904 | -€6,593 | €1,790 | +€8,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,593 | €1,790 | +€8,383 |
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 23 October 2026 via checked.be.