ZETUKÉ: 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.
ZETUKÉ
Largest movements
- Cash -€4,903
down €4,903 (-41.2%), from €11,891 to €6,988
mainly Receivables within one year (-€4,832) and Tax, wage and social debts (-€1,433)
- Receivables within one year +€4,832
up €4,832 (+92.2%), from €5,241 to €10,074
of which Trade receivables: +€4,471
- Stocks and contracts -€1,899
down €1,899 (-47.6%), from €3,990 to €2,091
- Deferred charges and accrued income +€481
new in 2025: €481
- Tangible fixed assets -€265
down €265 (-100%), from €265 to €0
- Tax, wage and social debts -€1,433
down €1,433 (-71.8%), from €1,998 to €564
- Other debts -€1,058
down €1,058 (-10.8%), from €9,766 to €8,708
- Trade debts +€377
up €377 (+582%), from €65 to €442
- Profit (loss) carried forward +€360
up €360 (+10.1%), from €3,559 to €3,920
- Gross operating margin -€12,849
down €12,849 (-82.9%), from €15,497 to €2,649
- Other operating charges -€4,706
down €4,706 (-91.0%), from €5,171 to €465
- Taxes +€1,399
up €1,399, from €0 to €1,399
- Depreciation -€265
down €265 (-50.0%), from €529 to €265
- Financial charges +€159
up €159 (+37,002%), from €0 to €160
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 | €21,388 | €19,634 | -€1,754 | -8.2% |
| Fixed assets | 21/28 | €265 | €0 | -€265 | -100% |
| Tangible fixed assets | 22/27 | €265 | €0 | -€265 | -100% |
| Furniture and vehicles | 24 | €265 | €0 | -€265 | -100% |
| Current assets | 29/58 | €21,123 | €19,634 | -€1,490 | -7.1% |
| Stocks and contracts in progress | 3 | €3,990 | €2,091 | -€1,899 | -47.6% |
| Stocks | 30/36 | €3,990 | €2,091 | -€1,899 | -47.6% |
| Amounts receivable within one year | 40/41 | €5,241 | €10,074 | +€4,832 | +92.2% |
| Trade receivables | 40 | €3,753 | €8,224 | +€4,471 | +119% |
| Other amounts receivable | 41 | €1,488 | €1,849 | +€361 | +24.3% |
| Cash at bank and in hand | 54/58 | €11,891 | €6,988 | -€4,903 | -41.2% |
| Deferred charges and accrued income | 490/1 | - | €481 | +€481 | |
| Total equity and liabilities | 10/49 | €21,388 | €19,634 | -€1,754 | -8.2% |
| Equity | 10/15 | €9,559 | €9,920 | +€360 | +3.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,559 | €3,920 | +€360 | +10.1% |
| Amounts payable | 17/49 | €11,829 | €9,714 | -€2,115 | -17.9% |
| Amounts payable within one year | 42/48 | €11,829 | €9,714 | -€2,115 | -17.9% |
| Trade debts | 44 | €65 | €442 | +€377 | +582% |
| Suppliers | 440/4 | €65 | €442 | +€377 | +582% |
| Taxes, remuneration and social security | 45 | €1,998 | €564 | -€1,433 | -71.8% |
| Taxes | 450/3 | €1,998 | €564 | -€1,433 | -71.8% |
| Other amounts payable | 47/48 | €9,766 | €8,708 | -€1,058 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529 | €265 | -€265 | -50.0% |
| Other operating charges | 640/8 | €5,171 | €465 | -€4,706 | -91.0% |
| Gross operating margin | 9900 | €15,497 | €2,649 | -€12,849 | -82.9% |
| Operating profit (loss) | 9901 | €9,797 | €1,919 | -€7,878 | -80.4% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €0 | €160 | +€159 | +37,002% |
| Recurring financial charges | 65 | €0 | €160 | +€159 | +37,002% |
| Profit (loss) for the period before taxes | 9903 | €9,798 | €1,759 | -€8,039 | -82.0% |
| Income taxes | 67/77 | €0 | €1,399 | +€1,399 | |
| Profit (loss) for the period | 9904 | €9,798 | €360 | -€9,438 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,798 | €360 | -€9,438 | -96.3% |
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 24 October 2026 via checked.be.