ZEUS: 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.
ZEUS
Largest movements
- Cash +€17,168
up €17,168 (+148.8%), from €11,534 to €28,702
mainly Net result for the year (+€15,626) and Tax, wage and social debts (+€6,274)
- Receivables within one year +€5,701
up €5,701 (+40.3%), from €14,143 to €19,845
- Profit (loss) carried forward +€15,626
up €15,626 (+67.1%), from €23,294 to €38,920
- Tax, wage and social debts +€6,274
up €6,274 (+94.4%), from €6,649 to €12,923
- Gross operating margin +€4,119
up €4,119 (+20.1%), from €20,530 to €24,649
- Taxes +€1,529
up €1,529 (+33.1%), from €4,613 to €6,141
- Depreciation +€779
up €779 (+286.2%), from €272 to €1,051
- Financial charges +€478
up €478 (+131.4%), from €364 to €842
- Other operating charges -€396
down €396 (-32.8%), from €1,209 to €813
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 | €30,297 | €52,499 | +€22,202 | +73.3% |
| Fixed assets | 21/28 | €4,279 | €3,793 | -€486 | -11.4% |
| Tangible fixed assets | 22/27 | €2,619 | €2,133 | -€486 | -18.6% |
| Furniture and vehicles | 24 | €2,619 | €2,133 | -€486 | -18.6% |
| Financial fixed assets | 28 | €1,660 | €1,660 | = | 0.0% |
| Current assets | 29/58 | €26,018 | €48,706 | +€22,688 | +87.2% |
| Amounts receivable within one year | 40/41 | €14,143 | €19,845 | +€5,701 | +40.3% |
| Other amounts receivable | 41 | €14,143 | €19,845 | +€5,701 | +40.3% |
| Cash at bank and in hand | 54/58 | €11,534 | €28,702 | +€17,168 | +148.8% |
| Deferred charges and accrued income | 490/1 | €340 | €159 | -€181 | -53.2% |
| Total equity and liabilities | 10/49 | €30,297 | €52,499 | +€22,202 | +73.3% |
| Equity | 10/15 | €23,294 | €38,920 | +€15,626 | +67.1% |
| Profit (loss) carried forward | 14 | €23,294 | €38,920 | +€15,626 | +67.1% |
| Amounts payable | 17/49 | €7,003 | €13,579 | +€6,576 | +93.9% |
| Amounts payable within one year | 42/48 | €7,003 | €13,579 | +€6,576 | +93.9% |
| Trade debts | 44 | €354 | €656 | +€302 | +85.4% |
| Suppliers | 440/4 | €354 | €656 | +€302 | +85.4% |
| Taxes, remuneration and social security | 45 | €6,649 | €12,923 | +€6,274 | +94.4% |
| Taxes | 450/3 | €6,649 | €12,923 | +€6,274 | +94.4% |
| Non-recurring operating income | 76A | €7,500 | €6,100 | -€1,400 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €1,051 | +€779 | +286.2% |
| Other operating charges | 640/8 | €1,209 | €813 | -€396 | -32.8% |
| Non-recurring operating charges | 66A | - | €177 | +€177 | |
| Gross operating margin | 9900 | €20,530 | €24,649 | +€4,119 | +20.1% |
| Operating profit (loss) | 9901 | €19,049 | €22,609 | +€3,560 | +18.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €364 | €842 | +€478 | +131.4% |
| Recurring financial charges | 65 | €364 | €842 | +€478 | +131.4% |
| Profit (loss) for the period before taxes | 9903 | €18,685 | €21,767 | +€3,082 | +16.5% |
| Income taxes | 67/77 | €4,613 | €6,141 | +€1,529 | +33.1% |
| Profit (loss) for the period | 9904 | €14,073 | €15,626 | +€1,553 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,073 | €15,626 | +€1,553 | +11.0% |
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 12 October 2026 via checked.be.