ZetHaa: what changed
Two fiscal 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.
ZetHaa
Largest movements
- Cash -€10,067
down €10,067 (-70.8%), from €14,214 to €4,147
mainly Net result for the year (-€55,008) and Investment in fixed assets (net) (-€1,700)
- Reserves -€55,008
down €55,008 (-54.9%), from €100,213 to €45,204
of which Distributable reserves: -€55,008
- Other debts +€42,045
up €42,045 (+89.4%), from €47,016 to €89,061
- Gross operating margin +€23,779
up €23,779 (+37.6%), from -€63,314 to -€39,536
- Depreciation +€2,142
up €2,142 (+138.2%), from €1,550 to €3,693
- Financial charges -€1,554
down €1,554 (-27.1%), from €5,743 to €4,189
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 | €243,967 | €230,698 | -€13,270 | -5.4% |
| Fixed assets | 21/28 | €222,871 | €220,879 | -€1,993 | -0.9% |
| Tangible fixed assets | 22/27 | €222,871 | €220,879 | -€1,993 | -0.9% |
| Land and buildings | 22 | €206,624 | €208,193 | +€1,569 | +0.8% |
| Plant, machinery and equipment | 23 | €15,745 | €12,484 | -€3,262 | -20.7% |
| Furniture and vehicles | 24 | €502 | €202 | -€300 | -59.7% |
| Current assets | 29/58 | €21,096 | €9,819 | -€11,277 | -53.5% |
| Stocks and contracts in progress | 3 | €138 | €54 | -€84 | -60.9% |
| Stocks | 30/36 | €138 | €54 | -€84 | -60.9% |
| Amounts receivable within one year | 40/41 | €1,412 | €0 | -€1,412 | -100.0% |
| Trade receivables | 40 | €1,412 | €0 | -€1,412 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,214 | €4,147 | -€10,067 | -70.8% |
| Deferred charges and accrued income | 490/1 | €5,333 | €5,619 | +€285 | +5.3% |
| Total equity and liabilities | 10/49 | €243,967 | €230,698 | -€13,270 | -5.4% |
| Equity | 10/15 | €142,125 | €87,116 | -€55,008 | -38.7% |
| Contributions | 10/11 | €41,912 | €41,912 | = | 0.0% |
| Reserves | 13 | €100,213 | €45,204 | -€55,008 | -54.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €100,213 | €45,204 | -€55,008 | -54.9% |
| Amounts payable | 17/49 | €101,843 | €143,581 | +€41,739 | +41.0% |
| Amounts payable within one year | 42/48 | €98,831 | €140,483 | +€41,652 | +42.1% |
| Trade debts | 44 | €4,372 | €4,724 | +€352 | +8.0% |
| Suppliers | 440/4 | €4,372 | €4,724 | +€352 | +8.0% |
| Taxes, remuneration and social security | 45 | €47,442 | €46,698 | -€744 | -1.6% |
| Taxes | 450/3 | €47,442 | €46,698 | -€744 | -1.6% |
| Other amounts payable | 47/48 | €47,016 | €89,061 | +€42,045 | +89.4% |
| Accrued charges and deferred income | 492/3 | €3,012 | €3,098 | +€86 | +2.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | €3,693 | +€2,142 | +138.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,442 | €6,764 | +€322 | +5.0% |
| Gross operating margin | 9900 | -€63,314 | -€39,536 | +€23,779 | +37.6% |
| Operating profit (loss) | 9901 | -€71,307 | -€49,992 | +€21,315 | +29.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,743 | €4,189 | -€1,554 | -27.1% |
| Recurring financial charges | 65 | €5,743 | €4,189 | -€1,554 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,050 | -€54,181 | +€22,868 | +29.7% |
| Income taxes | 67/77 | €667 | €827 | +€160 | +24.0% |
| Profit (loss) for the period | 9904 | -€77,717 | -€55,008 | +€22,709 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,717 | -€55,008 | +€22,709 | +29.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.