ZETIC: 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.
ZETIC
Largest movements
- Cash -€11,550
down €11,550 (-51.4%), from €22,471 to €10,921
mainly Other debts (-€48,534) and Investment in fixed assets (net) (-€10,106)
- Receivables within one year -€9,868
down €9,868 (-25.5%), from €38,753 to €28,885
of which Trade receivables: -€14,225
- Tangible fixed assets +€7,789
up €7,789 (+122%), from €6,360 to €14,150
of which Furniture and vehicles: +€4,028
- Other debts -€48,534
down €48,534 (-89.0%), from €54,534 to €6,000
- Profit (loss) carried forward +€38,468
up €38,468 (+1,419%), from €2,710 to €41,178
- Tax, wage and social debts -€3,760
down €3,760 (-53.7%), from €7,000 to €3,240
- Gross operating margin -€17,630
down €17,630 (-21.7%), from €81,329 to €63,699
- Taxes +€5,541
up €5,541 (+54.9%), from €10,099 to €15,639
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 | €68,122 | €54,544 | -€13,578 | -19.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,360 | €14,150 | +€7,789 | +122% |
| Tangible fixed assets | 22/27 | €6,360 | €14,150 | +€7,789 | +122% |
| Furniture and vehicles | 24 | €104 | €4,132 | +€4,028 | +3,857% |
| Other tangible fixed assets | 26 | €6,256 | €10,017 | +€3,762 | +60.1% |
| Current assets | 29/58 | €61,762 | €40,395 | -€21,367 | -34.6% |
| Amounts receivable within one year | 40/41 | €38,753 | €28,885 | -€9,868 | -25.5% |
| Trade receivables | 40 | €28,699 | €14,473 | -€14,225 | -49.6% |
| Other amounts receivable | 41 | €10,055 | €14,412 | +€4,357 | +43.3% |
| Cash at bank and in hand | 54/58 | €22,471 | €10,921 | -€11,550 | -51.4% |
| Deferred charges and accrued income | 490/1 | €538 | €589 | +€51 | +9.4% |
| Total equity and liabilities | 10/49 | €68,122 | €54,544 | -€13,578 | -19.9% |
| Equity | 10/15 | €6,570 | €45,038 | +€38,468 | +585% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,710 | €41,178 | +€38,468 | +1,419% |
| Amounts payable | 17/49 | €61,552 | €9,506 | -€52,046 | -84.6% |
| Amounts payable within one year | 42/48 | €61,552 | €9,506 | -€52,046 | -84.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €18 | €266 | +€248 | +1,350% |
| Suppliers | 440/4 | €18 | €266 | +€248 | +1,350% |
| Taxes, remuneration and social security | 45 | €7,000 | €3,240 | -€3,760 | -53.7% |
| Taxes | 450/3 | €7,000 | €3,240 | -€3,760 | -53.7% |
| Other amounts payable | 47/48 | €54,534 | €6,000 | -€48,534 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,883 | €2,317 | +€434 | +23.0% |
| Other operating charges | 640/8 | €1,450 | €1,187 | -€263 | -18.1% |
| Gross operating margin | 9900 | €81,329 | €63,699 | -€17,630 | -21.7% |
| Operating profit (loss) | 9901 | €77,995 | €60,195 | -€17,800 | -22.8% |
| Financial charges | 65/66B | €0 | €87 | +€87 | +24,874% |
| Recurring financial charges | 65 | €0 | €87 | +€87 | +24,874% |
| Profit (loss) for the period before taxes | 9903 | €77,995 | €60,107 | -€17,888 | -22.9% |
| Income taxes | 67/77 | €10,099 | €15,639 | +€5,541 | +54.9% |
| Profit (loss) for the period | 9904 | €67,896 | €44,468 | -€23,428 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,896 | €44,468 | -€23,428 | -34.5% |
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 13 October 2026 via checked.be.