ZEUS SOFT: 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 SOFT
Largest movements
- Receivables within one year -€24,943
down €24,943 (-10.1%), from €247,950 to €223,007
of which Trade receivables: -€20,564
- Intangible fixed assets +€14,509
up €14,509 (+4.2%), from €347,094 to €361,603
- Trade debts +€31,251
up €31,251 (+19.3%), from €161,645 to €192,897
- Profit (loss) carried forward -€20,021
down €20,021 (-10.4%), from €191,824 to €171,803
- Tax, wage and social debts -€13,757
down €13,757 (-36.0%), from €38,218 to €24,461
of which Taxes: -€18,764
- Gross operating margin -€168,396
down €168,396 (-42.1%), from €399,602 to €231,206
- Staff costs -€41,208
down €41,208 (-29.1%), from €141,594 to €100,386
- Taxes -€23,327
down €23,327 (-98.2%), from €23,752 to €425
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 | €783,420 | €780,893 | -€2,527 | -0.3% |
| Fixed assets | 21/28 | €352,632 | €367,097 | +€14,464 | +4.1% |
| Intangible fixed assets | 21 | €347,094 | €361,603 | +€14,509 | +4.2% |
| Tangible fixed assets | 22/27 | €1,658 | €1,614 | -€45 | -2.7% |
| Furniture and vehicles | 24 | €1,658 | €1,614 | -€45 | -2.7% |
| Financial fixed assets | 28 | €3,880 | €3,880 | = | 0.0% |
| Current assets | 29/58 | €430,787 | €413,796 | -€16,991 | -3.9% |
| Stocks and contracts in progress | 3 | €2,446 | €4,985 | +€2,539 | +104% |
| Stocks | 30/36 | €2,446 | €4,985 | +€2,539 | +104% |
| Amounts receivable within one year | 40/41 | €247,950 | €223,007 | -€24,943 | -10.1% |
| Trade receivables | 40 | €227,370 | €206,807 | -€20,564 | -9.0% |
| Other amounts receivable | 41 | €20,579 | €16,201 | -€4,379 | -21.3% |
| Cash at bank and in hand | 54/58 | €138,253 | €142,935 | +€4,681 | +3.4% |
| Deferred charges and accrued income | 490/1 | €42,138 | €42,869 | +€731 | +1.7% |
| Total equity and liabilities | 10/49 | €783,420 | €780,893 | -€2,527 | -0.3% |
| Equity | 10/15 | €213,824 | €193,803 | -€20,021 | -9.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,824 | €171,803 | -€20,021 | -10.4% |
| Amounts payable | 17/49 | €569,595 | €587,090 | +€17,495 | +3.1% |
| Amounts payable after more than one year | 17 | €369,732 | €369,732 | = | 0.0% |
| Financial debts | 170/4 | €369,732 | €369,732 | = | 0.0% |
| Amounts payable within one year | 42/48 | €199,863 | €217,358 | +€17,495 | +8.8% |
| Trade debts | 44 | €161,645 | €192,897 | +€31,251 | +19.3% |
| Suppliers | 440/4 | €161,645 | €192,897 | +€31,251 | +19.3% |
| Taxes, remuneration and social security | 45 | €38,218 | €24,461 | -€13,757 | -36.0% |
| Taxes | 450/3 | €26,791 | €8,027 | -€18,764 | -70.0% |
| Remuneration and social security | 454/9 | €11,427 | €16,434 | +€5,007 | +43.8% |
| Remuneration, social security and pensions | 62 | €141,594 | €100,386 | -€41,208 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,520 | €144,485 | -€35 | 0.0% |
| Other operating charges | 640/8 | €787 | €1,799 | +€1,012 | +128% |
| Gross operating margin | 9900 | €399,602 | €231,206 | -€168,396 | -42.1% |
| Operating profit (loss) | 9901 | €112,700 | -€15,464 | -€128,164 | |
| Financial income | 75/76B | €769 | €1,016 | +€248 | +32.2% |
| Recurring financial income | 75 | €769 | €1,016 | +€248 | +32.2% |
| Financial charges | 65/66B | €4,010 | €5,148 | +€1,138 | +28.4% |
| Recurring financial charges | 65 | €4,010 | €5,148 | +€1,138 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €109,459 | -€19,596 | -€129,055 | |
| Income taxes | 67/77 | €23,752 | €425 | -€23,327 | -98.2% |
| Profit (loss) for the period | 9904 | €85,707 | -€20,021 | -€105,728 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,707 | -€20,021 | -€105,728 |
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 26 October 2026 via checked.be.