ZETT: 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.
ZETT
Largest movements
- Receivables within one year +€146,825
up €146,825 (+62.6%), from €234,569 to €381,394
of which Trade receivables: +€146,225
- Other debts +€77,360
up €77,360 (+28.8%), from €268,420 to €345,780
- Profit (loss) carried forward +€50,497
up €50,497 (+180.0%), from €28,058 to €78,556
- Tax, wage and social debts +€17,496
up €17,496 (+140.7%), from €12,432 to €29,929
of which Taxes: +€17,644
- Gross operating margin +€38,002
up €38,002 (+93.5%), from €40,638 to €78,640
- Taxes +€8,674
up €8,674 (+96.7%), from €8,969 to €17,644
- Staff costs +€2,394
up €2,394 (+37.0%), from €6,473 to €8,866
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 | €318,417 | €465,040 | +€146,622 | +46.0% |
| Fixed assets | 21/28 | €82,241 | €81,609 | -€633 | -0.8% |
| Tangible fixed assets | 22/27 | €2,241 | €1,609 | -€633 | -28.2% |
| Plant, machinery and equipment | 23 | €2,241 | €1,609 | -€633 | -28.2% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €236,176 | €383,431 | +€147,255 | +62.3% |
| Amounts receivable within one year | 40/41 | €234,569 | €381,394 | +€146,825 | +62.6% |
| Trade receivables | 40 | €233,377 | €379,602 | +€146,225 | +62.7% |
| Other amounts receivable | 41 | €1,192 | €1,792 | +€601 | +50.4% |
| Cash at bank and in hand | 54/58 | €1,607 | €2,036 | +€430 | +26.8% |
| Total equity and liabilities | 10/49 | €318,417 | €465,040 | +€146,622 | +46.0% |
| Equity | 10/15 | €34,558 | €85,056 | +€50,497 | +146.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,058 | €78,556 | +€50,497 | +180.0% |
| Amounts payable | 17/49 | €283,859 | €379,984 | +€96,125 | +33.9% |
| Amounts payable within one year | 42/48 | €283,859 | €379,984 | +€96,125 | +33.9% |
| Trade debts | 44 | €3,007 | €4,275 | +€1,269 | +42.2% |
| Suppliers | 440/4 | €3,007 | €4,275 | +€1,269 | +42.2% |
| Taxes, remuneration and social security | 45 | €12,432 | €29,929 | +€17,496 | +140.7% |
| Taxes | 450/3 | €9,048 | €26,691 | +€17,644 | +195.0% |
| Remuneration and social security | 454/9 | €3,385 | €3,238 | -€147 | -4.4% |
| Other amounts payable | 47/48 | €268,420 | €345,780 | +€77,360 | +28.8% |
| Remuneration, social security and pensions | 62 | €6,473 | €8,866 | +€2,394 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,416 | €1,500 | +€84 | +5.9% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €40,638 | €78,640 | +€38,002 | +93.5% |
| Operating profit (loss) | 9901 | €32,688 | €68,212 | +€35,524 | +108.7% |
| Financial charges | 65/66B | €96 | €71 | -€25 | -25.8% |
| Recurring financial charges | 65 | €96 | €71 | -€25 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €32,592 | €68,141 | +€35,549 | +109.1% |
| Income taxes | 67/77 | €8,969 | €17,644 | +€8,674 | +96.7% |
| Profit (loss) for the period | 9904 | €23,623 | €50,497 | +€26,874 | +113.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,623 | €50,497 | +€26,874 | +113.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.