ZVET: 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.
ZVET
Largest movements
- Tangible fixed assets +€42,136
new in 2025: €42,136
- Cash +€14,539
up €14,539 (+86.6%), from €16,781 to €31,319
mainly Net result for the year (+€29,440) and Debts after one year (+€23,099)
- Debts after one year +€23,099
new in 2025: €23,099
- Profit (loss) carried forward +€19,440
up €19,440 (+91826.0%), from €21 to €19,461
- Current portion of long-term debt +€9,768
new in 2025: €9,768
- Other debts +€4,288
up €4,288 (+4224.8%), from €101 to €4,389
- Tax, wage and social debts +€817
up €817 (+6.1%), from €13,328 to €14,144
- Gross operating margin +€28,452
up €28,452 (+145.8%), from €19,513 to €47,965
- Depreciation +€8,091
new in 2025: €8,091
- Taxes +€4,380
up €4,380 (+110.0%), from €3,983 to €8,364
- Financial charges +€1,038
up €1,038 (+1779.6%), from €58 to €1,096
- Other operating charges +€974
new in 2025: €974
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 | €16,781 | €74,121 | +€57,340 | +341.7% |
| Fixed assets | 21/28 | - | €42,136 | +€42,136 | |
| Tangible fixed assets | 22/27 | - | €42,136 | +€42,136 | |
| Furniture and vehicles | 24 | - | €42,136 | +€42,136 | |
| Current assets | 29/58 | €16,781 | €31,985 | +€15,204 | +90.6% |
| Cash at bank and in hand | 54/58 | €16,781 | €31,319 | +€14,539 | +86.6% |
| Deferred charges and accrued income | 490/1 | - | €666 | +€666 | |
| Total equity and liabilities | 10/49 | €16,781 | €74,121 | +€57,340 | +341.7% |
| Equity | 10/15 | €3,021 | €22,461 | +€19,440 | +643.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21 | €19,461 | +€19,440 | +91826.0% |
| Amounts payable | 17/49 | €13,759 | €51,660 | +€37,901 | +275.5% |
| Amounts payable after more than one year | 17 | - | €23,099 | +€23,099 | |
| Financial debts | 170/4 | - | €23,099 | +€23,099 | |
| Amounts payable within one year | 42/48 | €13,759 | €28,561 | +€14,801 | +107.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,768 | +€9,768 | |
| Trade debts | 44 | €330 | €259 | -€71 | -21.6% |
| Suppliers | 440/4 | €330 | €259 | -€71 | -21.6% |
| Taxes, remuneration and social security | 45 | €13,328 | €14,144 | +€817 | +6.1% |
| Taxes | 450/3 | €13,328 | €14,144 | +€817 | +6.1% |
| Other amounts payable | 47/48 | €101 | €4,389 | +€4,288 | +4224.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,091 | +€8,091 | |
| Other operating charges | 640/8 | - | €974 | +€974 | |
| Gross operating margin | 9900 | €19,513 | €47,965 | +€28,452 | +145.8% |
| Operating profit (loss) | 9901 | €19,513 | €38,899 | +€19,386 | +99.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €58 | €1,096 | +€1,038 | +1779.6% |
| Recurring financial charges | 65 | €58 | €1,096 | +€1,038 | +1779.6% |
| Profit (loss) for the period before taxes | 9903 | €19,455 | €37,803 | +€18,349 | +94.3% |
| Income taxes | 67/77 | €3,983 | €8,364 | +€4,380 | +110.0% |
| Profit (loss) for the period | 9904 | €15,471 | €29,440 | +€13,968 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,471 | €29,440 | +€13,968 | +90.3% |
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 5 October 2026 via checked.be.