ZERIF: what changed
ZERIF
Largest movements
- Stocks and contracts +€14,569
up €14,569 (+25.0%), from €58,227 to €72,796
- Cash +€2,915
up €2,915 (+177%), from €1,648 to €4,563
mainly Other debts (+€14,869) and Net result for the year (+€10,670)
- Other debts +€14,869
up €14,869 (+70.3%), from €21,139 to €36,008
- Profit (loss) carried forward +€10,670
up €10,670 (+40.0%), from -€26,651 to -€15,981
- Trade debts -€4,378
down €4,378 (-8.9%), from €49,146 to €44,768
- Tax, wage and social debts -€3,677
down €3,677 (-37.2%), from €9,886 to €6,209
of which Remuneration and social security: -€6,255
- Turnover +€23,125
up €23,125 (+11.0%), from €210,594 to €233,719
- Gross operating margin -€8,904
down €8,904 (-17.0%), from €52,284 to €43,380
- Purchases and services -€7,441
down €7,441 (-3.8%), from €197,780 to €190,339
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 | €59,875 | €77,359 | +€17,484 | +29.2% |
| Current assets | 29/58 | €59,875 | €77,359 | +€17,484 | +29.2% |
| Stocks and contracts in progress | 3 | €58,227 | €72,796 | +€14,569 | +25.0% |
| Stocks | 30/36 | €58,227 | €72,796 | +€14,569 | +25.0% |
| Cash at bank and in hand | 54/58 | €1,648 | €4,563 | +€2,915 | +177% |
| Total equity and liabilities | 10/49 | €59,875 | €77,359 | +€17,484 | +29.2% |
| Equity | 10/15 | -€20,296 | -€9,626 | +€10,670 | +52.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €155 | €155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €155 | €155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €155 | €155 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,651 | -€15,981 | +€10,670 | +40.0% |
| Amounts payable | 17/49 | €80,171 | €86,985 | +€6,814 | +8.5% |
| Amounts payable within one year | 42/48 | €80,171 | €86,985 | +€6,814 | +8.5% |
| Trade debts | 44 | €49,146 | €44,768 | -€4,378 | -8.9% |
| Suppliers | 440/4 | €49,146 | €44,768 | -€4,378 | -8.9% |
| Taxes, remuneration and social security | 45 | €9,886 | €6,209 | -€3,677 | -37.2% |
| Taxes | 450/3 | €2,902 | €5,480 | +€2,578 | +88.8% |
| Remuneration and social security | 454/9 | €6,984 | €729 | -€6,255 | -89.6% |
| Other amounts payable | 47/48 | €21,139 | €36,008 | +€14,869 | +70.3% |
| Turnover | 70 | €210,594 | €233,719 | +€23,125 | +11.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €197,780 | €190,339 | -€7,441 | -3.8% |
| Remuneration, social security and pensions | 62 | €27,182 | €26,916 | -€266 | -1.0% |
| Other operating charges | 640/8 | €5,251 | €5,542 | +€291 | +5.5% |
| Gross operating margin | 9900 | €52,284 | €43,380 | -€8,904 | -17.0% |
| Operating profit (loss) | 9901 | €19,851 | €10,922 | -€8,929 | -45.0% |
| Financial charges | 65/66B | €256 | €252 | -€4 | -1.6% |
| Recurring financial charges | 65 | €256 | €252 | -€4 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €19,595 | €10,670 | -€8,925 | -45.5% |
| Profit (loss) for the period | 9904 | €19,595 | €10,670 | -€8,925 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,595 | €10,670 | -€8,925 | -45.5% |
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 3 November 2026 via checked.be.