Zetter Software: 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.
Zetter Software
Largest movements
- Receivables within one year +€88,988
up €88,988 (+5564.0%), from €1,599 to €90,587
of which Other amounts receivable: +€77,283
- Cash -€68,824
down €68,824 (-71.5%), from €96,300 to €27,476
mainly Contributions, distributions and other (-€108,595) and Receivables within one year (-€88,988)
- Tangible fixed assets +€1,292
up €1,292 (+46.8%), from €2,760 to €4,052
- Other debts +€108,595
new in 2025: €108,595
- Reserves -€79,050
no longer reported in 2025 (was €79,050)
- Tax, wage and social debts -€10,913
down €10,913 (-74.4%), from €14,668 to €3,755
- Trade debts +€2,934
up €2,934 (+353.1%), from €831 to €3,765
- Depreciation -€919
down €919 (-28.9%), from €3,178 to €2,259
- Gross operating margin +€656
up €656 (+1.7%), from €39,687 to €40,343
- Taxes +€464
up €464 (+5.9%), from €7,821 to €8,285
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 | €100,659 | €122,115 | +€21,455 | +21.3% |
| Fixed assets | 21/28 | €2,760 | €4,052 | +€1,292 | +46.8% |
| Tangible fixed assets | 22/27 | €2,760 | €4,052 | +€1,292 | +46.8% |
| Plant, machinery and equipment | 23 | €2,760 | €4,052 | +€1,292 | +46.8% |
| Current assets | 29/58 | €97,900 | €118,063 | +€20,164 | +20.6% |
| Amounts receivable within one year | 40/41 | €1,599 | €90,587 | +€88,988 | +5564.0% |
| Trade receivables | 40 | - | €11,705 | +€11,705 | |
| Other amounts receivable | 41 | €1,599 | €78,883 | +€77,283 | +4832.2% |
| Cash at bank and in hand | 54/58 | €96,300 | €27,476 | -€68,824 | -71.5% |
| Total equity and liabilities | 10/49 | €100,659 | €122,115 | +€21,455 | +21.3% |
| Equity | 10/15 | €83,050 | €4,000 | -€79,050 | -95.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €79,050 | - | -€79,050 | |
| Distributable reserves | 133 | €79,050 | - | -€79,050 | |
| Amounts payable | 17/49 | €17,610 | €118,115 | +€100,505 | +570.7% |
| Amounts payable after more than one year | 17 | €111 | - | -€111 | |
| Other amounts payable | 178/9 | €111 | - | -€111 | |
| Amounts payable within one year | 42/48 | €15,499 | €116,115 | +€100,616 | +649.2% |
| Trade debts | 44 | €831 | €3,765 | +€2,934 | +353.1% |
| Suppliers | 440/4 | €831 | €3,765 | +€2,934 | +353.1% |
| Taxes, remuneration and social security | 45 | €14,668 | €3,755 | -€10,913 | -74.4% |
| Taxes | 450/3 | €14,668 | €3,755 | -€10,913 | -74.4% |
| Other amounts payable | 47/48 | - | €108,595 | +€108,595 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,178 | €2,259 | -€919 | -28.9% |
| Other operating charges | 640/8 | €211 | €130 | -€80 | -38.2% |
| Gross operating margin | 9900 | €39,687 | €40,343 | +€656 | +1.7% |
| Operating profit (loss) | 9901 | €36,299 | €37,953 | +€1,655 | +4.6% |
| Financial income | 75/76B | €2 | €8 | +€6 | +356.8% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +356.8% |
| Financial charges | 65/66B | €95 | €131 | +€36 | +37.4% |
| Recurring financial charges | 65 | €95 | €131 | +€36 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €36,205 | €37,830 | +€1,625 | +4.5% |
| Income taxes | 67/77 | €7,821 | €8,285 | +€464 | +5.9% |
| Profit (loss) for the period | 9904 | €28,384 | €29,545 | +€1,161 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,384 | €29,545 | +€1,161 | +4.1% |
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 11 October 2026 via checked.be.