ZEUS COMPUTER: 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.
ZEUS COMPUTER
Largest movements
- Tangible fixed assets -€26,792
down €26,792 (-4.8%), from €560,824 to €534,032
of which Land and buildings: -€39,729
- Trade debts -€36,440
down €36,440 (-34.4%), from €106,048 to €69,608
- Tax, wage and social debts +€19,534
up €19,534 (+45.0%), from €43,401 to €62,935
of which Taxes: +€11,746
- Profit (loss) carried forward -€12,040
down €12,040 (-15.4%), from -€78,030 to -€90,070
- Gross operating margin +€33,074
up €33,074 (+14.9%), from €221,941 to €255,015
- Other operating charges +€12,663
up €12,663 (+180.1%), from €7,031 to €19,694
- Staff costs +€8,441
up €8,441 (+4.9%), from €171,235 to €179,676
- Depreciation +€5,592
up €5,592 (+14.7%), from €37,928 to €43,520
- Taxes -€4,956
no longer reported in 2025 (was €4,956)
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 | €668,969 | €640,339 | -€28,630 | -4.3% |
| Fixed assets | 21/28 | €560,824 | €534,032 | -€26,792 | -4.8% |
| Tangible fixed assets | 22/27 | €560,824 | €534,032 | -€26,792 | -4.8% |
| Land and buildings | 22 | €558,785 | €519,056 | -€39,729 | -7.1% |
| Plant, machinery and equipment | 23 | €2,039 | €14,306 | +€12,267 | +601.6% |
| Furniture and vehicles | 24 | - | €670 | +€670 | |
| Current assets | 29/58 | €108,145 | €106,307 | -€1,838 | -1.7% |
| Stocks and contracts in progress | 3 | €4,739 | €3,315 | -€1,424 | -30.1% |
| Stocks | 30/36 | €4,739 | €3,315 | -€1,424 | -30.1% |
| Amounts receivable within one year | 40/41 | €94,465 | €95,967 | +€1,502 | +1.6% |
| Trade receivables | 40 | €82,973 | €95,967 | +€12,994 | +15.7% |
| Other amounts receivable | 41 | €11,492 | - | -€11,492 | |
| Cash at bank and in hand | 54/58 | €8,941 | €7,025 | -€1,916 | -21.4% |
| Total equity and liabilities | 10/49 | €668,969 | €640,339 | -€28,630 | -4.3% |
| Equity | 10/15 | €10,919 | -€3,937 | -€14,856 | |
| Contributions | 10/11 | €74,592 | €74,592 | +€0 | 0.0% |
| Reserves | 13 | €284 | €284 | -€0 | 0.0% |
| Distributable reserves | 133 | €284 | €284 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€78,030 | -€90,070 | -€12,040 | -15.4% |
| Investment grants | 15 | €14,073 | €11,257 | -€2,816 | -20.0% |
| Amounts payable | 17/49 | €658,050 | €644,276 | -€13,774 | -2.1% |
| Amounts payable after more than one year | 17 | €420,409 | €421,513 | +€1,104 | +0.3% |
| Financial debts | 170/4 | €414,109 | €415,213 | +€1,104 | +0.3% |
| Other amounts payable | 178/9 | €6,300 | €6,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,641 | €222,763 | -€14,878 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €31,891 | €33,919 | +€2,028 | +6.4% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €106,048 | €69,608 | -€36,440 | -34.4% |
| Suppliers | 440/4 | €106,048 | €69,608 | -€36,440 | -34.4% |
| Taxes, remuneration and social security | 45 | €43,401 | €62,935 | +€19,534 | +45.0% |
| Taxes | 450/3 | €18,077 | €29,823 | +€11,746 | +65.0% |
| Remuneration and social security | 454/9 | €25,324 | €33,112 | +€7,788 | +30.8% |
| Other amounts payable | 47/48 | €16,301 | €16,301 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €171,235 | €179,676 | +€8,441 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,928 | €43,520 | +€5,592 | +14.7% |
| Other operating charges | 640/8 | €7,031 | €19,694 | +€12,663 | +180.1% |
| Gross operating margin | 9900 | €221,941 | €255,015 | +€33,074 | +14.9% |
| Operating profit (loss) | 9901 | €5,747 | €12,126 | +€6,379 | +111.0% |
| Financial income | 75/76B | €2,816 | €2,816 | -€0 | 0.0% |
| Recurring financial income | 75 | €2,816 | €2,816 | -€0 | 0.0% |
| Non-recurring financial income | 76B | €2,816 | - | -€2,816 | |
| Financial charges | 65/66B | €26,476 | €26,982 | +€506 | +1.9% |
| Recurring financial charges | 65 | €26,476 | €26,982 | +€506 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,913 | -€12,040 | +€5,873 | +32.8% |
| Income taxes | 67/77 | €4,956 | - | -€4,956 | |
| Profit (loss) for the period | 9904 | -€22,869 | -€12,040 | +€10,829 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,869 | -€12,040 | +€10,829 | +47.4% |
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 8 October 2026 via checked.be.