ZEUS.AERO: 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.AERO
Largest movements
- Cash +€241,529
up €241,529 (+163%), from €148,500 to €390,029
mainly Other debts (+€208,344) and Receivables within one year (+€75,323)
- Receivables within one year -€75,323
down €75,323 (-33.9%), from €221,969 to €146,645
of which Other amounts receivable: -€63,170
- Other debts +€208,344
up €208,344 (+12,589%), from €1,655 to €209,999
- Tax, wage and social debts -€33,618
down €33,618 (-56.1%), from €59,962 to €26,344
of which Taxes: -€40,613
- Profit (loss) carried forward -€26,235
down €26,235 (-13.4%), from €195,233 to €168,998
- Trade debts +€15,251
up €15,251 (+24.1%), from €63,298 to €78,549
- Staff costs +€59,847
up €59,847 (+69.1%), from €86,606 to €146,453
- Taxes -€8,645
down €8,645 (-100%), from €8,645 to €0
- Gross operating margin +€3,784
up €3,784 (+3.1%), from €123,392 to €127,177
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 | €375,148 | €538,889 | +€163,741 | +43.6% |
| Fixed assets | 21/28 | €4,680 | €2,216 | -€2,464 | -52.7% |
| Tangible fixed assets | 22/27 | €4,680 | €2,216 | -€2,464 | -52.7% |
| Plant, machinery and equipment | 23 | €4,680 | €2,216 | -€2,464 | -52.7% |
| Current assets | 29/58 | €370,468 | €536,674 | +€166,205 | +44.9% |
| Amounts receivable within one year | 40/41 | €221,969 | €146,645 | -€75,323 | -33.9% |
| Trade receivables | 40 | €82,886 | €70,732 | -€12,153 | -14.7% |
| Other amounts receivable | 41 | €139,083 | €75,913 | -€63,170 | -45.4% |
| Cash at bank and in hand | 54/58 | €148,500 | €390,029 | +€241,529 | +163% |
| Total equity and liabilities | 10/49 | €375,148 | €538,889 | +€163,741 | +43.6% |
| Equity | 10/15 | €250,233 | €223,998 | -€26,235 | -10.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,233 | €168,998 | -€26,235 | -13.4% |
| Amounts payable | 17/49 | €124,915 | €314,892 | +€189,977 | +152% |
| Amounts payable within one year | 42/48 | €124,915 | €314,892 | +€189,977 | +152% |
| Trade debts | 44 | €63,298 | €78,549 | +€15,251 | +24.1% |
| Suppliers | 440/4 | €63,298 | €78,549 | +€15,251 | +24.1% |
| Taxes, remuneration and social security | 45 | €59,962 | €26,344 | -€33,618 | -56.1% |
| Taxes | 450/3 | €49,257 | €8,645 | -€40,613 | -82.4% |
| Remuneration and social security | 454/9 | €10,704 | €17,699 | +€6,994 | +65.3% |
| Other amounts payable | 47/48 | €1,655 | €209,999 | +€208,344 | +12,589% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €86,606 | €146,453 | +€59,847 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,462 | €3,687 | +€226 | +6.5% |
| Other operating charges | 640/8 | €406 | €528 | +€122 | +30.0% |
| Gross operating margin | 9900 | €123,392 | €127,177 | +€3,784 | +3.1% |
| Operating profit (loss) | 9901 | €32,919 | -€23,491 | -€56,410 | |
| Financial income | 75/76B | €4,078 | €3,517 | -€561 | -13.8% |
| Recurring financial income | 75 | €4,078 | €3,517 | -€561 | -13.8% |
| Financial charges | 65/66B | €5,636 | €6,261 | +€625 | +11.1% |
| Recurring financial charges | 65 | €5,636 | €6,261 | +€625 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €31,361 | -€26,235 | -€57,596 | |
| Income taxes | 67/77 | €8,645 | €0 | -€8,645 | -100% |
| Profit (loss) for the period | 9904 | €22,716 | -€26,235 | -€48,951 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,716 | -€26,235 | -€48,951 |
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 17 October 2026 via checked.be.