B-ZEN: 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.
B-ZEN
Largest movements
- Cash -€5,452
down €5,452 (-62.7%), from €8,696 to €3,243
mainly Trade debts (-€4,228) and Receivables within one year (-€1,445)
- Receivables within one year +€1,445
up €1,445 (+20.9%), from €6,927 to €8,372
of which Trade receivables: +€3,718
- Financial fixed assets +€740
new in 2025: €740
- Trade debts -€4,228
down €4,228 (-95.5%), from €4,426 to €198
- Advances received +€1,260
new in 2025: €1,260
- Tax, wage and social debts -€564
down €564 (-15.5%), from €3,647 to €3,084
of which Taxes: -€864
- Gross operating margin +€13,400
up €13,400, from -€12,348 to €1,051
- Other operating charges -€654
down €654 (-84.5%), from €774 to €120
- Financial charges -€604
down €604 (-74.7%), from €808 to €204
- Taxes +€220
up €220 (+140.1%), from €157 to €377
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 | €16,111 | €12,721 | -€3,390 | -21.0% |
| Fixed assets | 21/28 | €488 | €1,106 | +€618 | +126.7% |
| Tangible fixed assets | 22/27 | €488 | €366 | -€122 | -25.0% |
| Plant, machinery and equipment | 23 | €488 | €366 | -€122 | -25.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | - | €740 | +€740 | |
| Current assets | 29/58 | €15,623 | €11,615 | -€4,008 | -25.7% |
| Amounts receivable within one year | 40/41 | €6,927 | €8,372 | +€1,445 | +20.9% |
| Trade receivables | 40 | €2,783 | €6,501 | +€3,718 | +133.6% |
| Other amounts receivable | 41 | €4,144 | €1,871 | -€2,273 | -54.9% |
| Cash at bank and in hand | 54/58 | €8,696 | €3,243 | -€5,452 | -62.7% |
| Total equity and liabilities | 10/49 | €16,111 | €12,721 | -€3,390 | -21.0% |
| Equity | 10/15 | €8,037 | €8,179 | +€142 | +1.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,037 | €7,179 | +€142 | +2.0% |
| Amounts payable | 17/49 | €8,073 | €4,542 | -€3,531 | -43.7% |
| Amounts payable within one year | 42/48 | €8,073 | €4,542 | -€3,531 | -43.7% |
| Trade debts | 44 | €4,426 | €198 | -€4,228 | -95.5% |
| Suppliers | 440/4 | €4,426 | €198 | -€4,228 | -95.5% |
| Advances received on contracts in progress | 46 | - | €1,260 | +€1,260 | |
| Taxes, remuneration and social security | 45 | €3,647 | €3,084 | -€564 | -15.5% |
| Taxes | 450/3 | €2,647 | €1,784 | -€864 | -32.6% |
| Remuneration and social security | 454/9 | €1,000 | €1,300 | +€300 | +30.0% |
| Non-recurring operating income | 76A | €4,777 | - | -€4,777 | |
| Remuneration, social security and pensions | 62 | - | €87 | +€87 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €122 | = | 0.0% |
| Other operating charges | 640/8 | €774 | €120 | -€654 | -84.5% |
| Gross operating margin | 9900 | -€12,348 | €1,051 | +€13,400 | |
| Operating profit (loss) | 9901 | -€13,244 | €723 | +€13,967 | |
| Financial charges | 65/66B | €808 | €204 | -€604 | -74.7% |
| Recurring financial charges | 65 | €808 | €204 | -€604 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,052 | €518 | +€14,571 | |
| Income taxes | 67/77 | €157 | €377 | +€220 | +140.1% |
| Profit (loss) for the period | 9904 | -€14,209 | €142 | +€14,351 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,209 | €142 | +€14,351 |
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 10 October 2026 via checked.be.