ZEUS IT: 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 IT
Largest movements
- Receivables within one year +€339,400
up €339,400 (+158.2%), from €214,555 to €553,955
- Cash -€206,998
down €206,998 (-49.3%), from €420,254 to €213,256
mainly Receivables within one year (-€339,400) and Debts after one year (-€110,458)
- Deferred charges and accrued income +€43,891
up €43,891 (+175.0%), from €25,082 to €68,973
- Debts after one year -€110,458
down €110,458 (-26.1%), from €422,579 to €312,121
- Accrued charges and deferred income +€73,247
up €73,247 (+70.8%), from €103,435 to €176,681
- Current portion of long-term debt +€58,037
up €58,037 (+110.7%), from €52,421 to €110,458
- Profit (loss) carried forward +€54,930
up €54,930 (+32.6%), from -€168,521 to -€113,591
- Tax, wage and social debts +€35,499
up €35,499 (+37.8%), from €93,965 to €129,464
of which Taxes: +€27,432
- Turnover -€2.3m
no longer reported in 2025 (was €2.3m)
- Purchases and services -€1.8m
no longer reported in 2025 (was €1.8m)
- Staff costs -€109,199
down €109,199 (-15.6%), from €699,197 to €589,998
- Gross operating margin +€89,605
up €89,605 (+14.4%), from €620,738 to €710,343
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 | €686,576 | €855,807 | +€169,231 | +24.6% |
| Fixed assets | 21/28 | €26,685 | €19,623 | -€7,062 | -26.5% |
| Intangible fixed assets | 21 | €8,696 | €3,009 | -€5,687 | -65.4% |
| Tangible fixed assets | 22/27 | €12,884 | €11,510 | -€1,375 | -10.7% |
| Plant, machinery and equipment | 23 | €626 | €2,915 | +€2,289 | +365.7% |
| Furniture and vehicles | 24 | €12,258 | €8,594 | -€3,664 | -29.9% |
| Financial fixed assets | 28 | €5,104 | €5,104 | = | 0.0% |
| Current assets | 29/58 | €659,891 | €836,184 | +€176,293 | +26.7% |
| Amounts receivable within one year | 40/41 | €214,555 | €553,955 | +€339,400 | +158.2% |
| Trade receivables | 40 | €214,555 | €553,955 | +€339,400 | +158.2% |
| Cash at bank and in hand | 54/58 | €420,254 | €213,256 | -€206,998 | -49.3% |
| Deferred charges and accrued income | 490/1 | €25,082 | €68,973 | +€43,891 | +175.0% |
| Total equity and liabilities | 10/49 | €686,576 | €855,807 | +€169,231 | +24.6% |
| Equity | 10/15 | -€118,521 | -€63,591 | +€54,930 | +46.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,521 | -€113,591 | +€54,930 | +32.6% |
| Amounts payable | 17/49 | €805,097 | €919,398 | +€114,301 | +14.2% |
| Amounts payable after more than one year | 17 | €422,579 | €312,121 | -€110,458 | -26.1% |
| Financial debts | 170/4 | €422,579 | €312,121 | -€110,458 | -26.1% |
| Amounts payable within one year | 42/48 | €279,083 | €430,596 | +€151,512 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €52,421 | €110,458 | +€58,037 | +110.7% |
| Financial debts | 43 | €15,191 | €48,354 | +€33,163 | +218.3% |
| Credit institutions | 430/8 | €15,191 | €48,354 | +€33,163 | +218.3% |
| Trade debts | 44 | €117,507 | €142,320 | +€24,813 | +21.1% |
| Suppliers | 440/4 | €117,507 | €142,320 | +€24,813 | +21.1% |
| Taxes, remuneration and social security | 45 | €93,965 | €129,464 | +€35,499 | +37.8% |
| Taxes | 450/3 | €25,657 | €53,089 | +€27,432 | +106.9% |
| Remuneration and social security | 454/9 | €68,307 | €76,375 | +€8,067 | +11.8% |
| Accrued charges and deferred income | 492/3 | €103,435 | €176,681 | +€73,247 | +70.8% |
| Turnover | 70 | €2,349,968 | - | -€2.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,765,004 | - | -€1.8m | |
| Remuneration, social security and pensions | 62 | €699,197 | €589,998 | -€109,199 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,702 | €16,356 | -€6,345 | -28.0% |
| Other operating charges | 640/8 | €1,655 | €1,333 | -€322 | -19.5% |
| Gross operating margin | 9900 | €620,738 | €710,343 | +€89,605 | +14.4% |
| Operating profit (loss) | 9901 | -€102,815 | €102,656 | +€205,472 | |
| Financial income | 75/76B | €14 | €3 | -€11 | -79.4% |
| Recurring financial income | 75 | €14 | €3 | -€11 | -79.4% |
| Financial charges | 65/66B | €63,566 | €46,548 | -€17,018 | -26.8% |
| Recurring financial charges | 65 | €63,566 | €46,548 | -€17,018 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€166,367 | €56,111 | +€222,478 | |
| Income taxes | 67/77 | €2,154 | €1,181 | -€973 | -45.2% |
| Profit (loss) for the period | 9904 | -€168,521 | €54,930 | +€223,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€168,521 | €54,930 | +€223,452 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.