2 BE ZEN: 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.
2 BE ZEN
Largest movements
- Tangible fixed assets +€43,655
up €43,655 (+1500.7%), from €2,909 to €46,564
of which Plant, machinery and equipment: +€44,391
- Cash +€24,740
up €24,740 (+47.5%), from €52,096 to €76,836
mainly Debts after one year (+€55,250) and Tax, wage and social debts (+€14,919)
- Receivables within one year +€3,258
up €3,258 (+201.2%), from €1,619 to €4,877
of which Other amounts receivable: +€3,203
- Debts after one year +€55,250
new in 2025: €55,250
- Tax, wage and social debts +€14,919
up €14,919 (+147.9%), from €10,090 to €25,009
of which Remuneration and social security: +€15,754
- Other debts +€13,149
new in 2025: €13,149
- Trade debts -€13,022
down €13,022 (-26.6%), from €49,043 to €36,021
- Gross operating margin +€22,797
up €22,797 (+10.0%), from €227,772 to €250,569
- Depreciation +€11,034
up €11,034 (+484.6%), from €2,277 to €13,311
- Staff costs +€9,337
up €9,337 (+4.2%), from €221,147 to €230,484
- Taxes -€8,655
down €8,655, from €8,341 to -€314
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 | €89,925 | €161,578 | +€71,653 | +79.7% |
| Fixed assets | 21/28 | €2,909 | €46,564 | +€43,655 | +1500.7% |
| Tangible fixed assets | 22/27 | €2,909 | €46,564 | +€43,655 | +1500.7% |
| Plant, machinery and equipment | 23 | €2,173 | €46,564 | +€44,391 | +2042.8% |
| Furniture and vehicles | 24 | €736 | - | -€736 | |
| Current assets | 29/58 | €87,016 | €115,014 | +€27,998 | +32.2% |
| Stocks and contracts in progress | 3 | €9,599 | €9,004 | -€595 | -6.2% |
| Stocks | 30/36 | €9,599 | €9,004 | -€595 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,619 | €4,877 | +€3,258 | +201.2% |
| Trade receivables | 40 | €1,619 | €1,674 | +€55 | +3.4% |
| Other amounts receivable | 41 | - | €3,203 | +€3,203 | |
| Cash at bank and in hand | 54/58 | €52,096 | €76,836 | +€24,740 | +47.5% |
| Deferred charges and accrued income | 490/1 | €23,702 | €24,297 | +€595 | +2.5% |
| Total equity and liabilities | 10/49 | €89,925 | €161,578 | +€71,653 | +79.7% |
| Equity | 10/15 | €30,792 | €32,149 | +€1,357 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,332 | €11,689 | +€1,357 | +13.1% |
| Amounts payable | 17/49 | €59,133 | €129,429 | +€70,296 | +118.9% |
| Amounts payable after more than one year | 17 | - | €55,250 | +€55,250 | |
| Financial debts | 170/4 | - | €55,250 | +€55,250 | |
| Amounts payable within one year | 42/48 | €59,133 | €74,179 | +€15,046 | +25.4% |
| Trade debts | 44 | €49,043 | €36,021 | -€13,022 | -26.6% |
| Suppliers | 440/4 | €49,043 | €36,021 | -€13,022 | -26.6% |
| Taxes, remuneration and social security | 45 | €10,090 | €25,009 | +€14,919 | +147.9% |
| Taxes | 450/3 | €835 | - | -€835 | |
| Remuneration and social security | 454/9 | €9,255 | €25,009 | +€15,754 | +170.2% |
| Other amounts payable | 47/48 | - | €13,149 | +€13,149 | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €221,147 | €230,484 | +€9,337 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,277 | €13,311 | +€11,034 | +484.6% |
| Other operating charges | 640/8 | €1,187 | €1,250 | +€63 | +5.3% |
| Gross operating margin | 9900 | €227,772 | €250,569 | +€22,797 | +10.0% |
| Operating profit (loss) | 9901 | €3,161 | €5,524 | +€2,363 | +74.8% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €3,066 | €4,499 | +€1,433 | +46.7% |
| Recurring financial charges | 65 | €3,066 | €4,499 | +€1,433 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €95 | €1,043 | +€948 | +997.9% |
| Income taxes | 67/77 | €8,341 | -€314 | -€8,655 | |
| Profit (loss) for the period | 9904 | -€8,246 | €1,357 | +€9,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,246 | €1,357 | +€9,603 |
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 6 October 2026 via checked.be.