ZEUS: what changed
ZEUS
Largest movements
- Cash +€17,168
up €17,168 (+149%), from €11,534 to €28,702
mainly Net result for the year (+€15,626) and Tax, wage and social debts (+€6,274)
- Receivables within one year +€5,701
up €5,701 (+40.3%), from €14,143 to €19,845
- Profit (loss) carried forward +€15,626
up €15,626 (+67.1%), from €23,294 to €38,920
- Tax, wage and social debts +€6,274
up €6,274 (+94.4%), from €6,649 to €12,923
- Gross operating margin +€4,119
up €4,119 (+20.1%), from €20,530 to €24,649
- Taxes +€1,529
up €1,529 (+33.1%), from €4,613 to €6,141
- Depreciation +€779
up €779 (+286%), from €272 to €1,051
- Financial charges +€478
up €478 (+131%), from €364 to €842
- Other operating charges -€396
down €396 (-32.8%), from €1,209 to €813
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,297 | €52,499 | +€22,202 | +73.3% |
| Fixed assets | 21/28 | €4,279 | €3,793 | -€486 | -11.4% |
| Tangible fixed assets | 22/27 | €2,619 | €2,133 | -€486 | -18.6% |
| Furniture and vehicles | 24 | €2,619 | €2,133 | -€486 | -18.6% |
| Financial fixed assets | 28 | €1,660 | €1,660 | = | 0.0% |
| Current assets | 29/58 | €26,018 | €48,706 | +€22,688 | +87.2% |
| Amounts receivable within one year | 40/41 | €14,143 | €19,845 | +€5,701 | +40.3% |
| Other amounts receivable | 41 | €14,143 | €19,845 | +€5,701 | +40.3% |
| Cash at bank and in hand | 54/58 | €11,534 | €28,702 | +€17,168 | +149% |
| Deferred charges and accrued income | 490/1 | €340 | €159 | -€181 | -53.2% |
| Total equity and liabilities | 10/49 | €30,297 | €52,499 | +€22,202 | +73.3% |
| Equity | 10/15 | €23,294 | €38,920 | +€15,626 | +67.1% |
| Profit (loss) carried forward | 14 | €23,294 | €38,920 | +€15,626 | +67.1% |
| Amounts payable | 17/49 | €7,003 | €13,579 | +€6,576 | +93.9% |
| Amounts payable within one year | 42/48 | €7,003 | €13,579 | +€6,576 | +93.9% |
| Trade debts | 44 | €354 | €656 | +€302 | +85.4% |
| Suppliers | 440/4 | €354 | €656 | +€302 | +85.4% |
| Taxes, remuneration and social security | 45 | €6,649 | €12,923 | +€6,274 | +94.4% |
| Taxes | 450/3 | €6,649 | €12,923 | +€6,274 | +94.4% |
| Non-recurring operating income | 76A | €7,500 | €6,100 | -€1,400 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €1,051 | +€779 | +286% |
| Other operating charges | 640/8 | €1,209 | €813 | -€396 | -32.8% |
| Non-recurring operating charges | 66A | - | €177 | +€177 | |
| Gross operating margin | 9900 | €20,530 | €24,649 | +€4,119 | +20.1% |
| Operating profit (loss) | 9901 | €19,049 | €22,609 | +€3,560 | +18.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €364 | €842 | +€478 | +131% |
| Recurring financial charges | 65 | €364 | €842 | +€478 | +131% |
| Profit (loss) for the period before taxes | 9903 | €18,685 | €21,767 | +€3,082 | +16.5% |
| Income taxes | 67/77 | €4,613 | €6,141 | +€1,529 | +33.1% |
| Profit (loss) for the period | 9904 | €14,073 | €15,626 | +€1,553 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,073 | €15,626 | +€1,553 | +11.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.