CAP ZEN INTERNATIONAL: 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.
CAP ZEN INTERNATIONAL
Largest movements
- Stocks and contracts +€243,314
up €243,314 (+6,776%), from €3,591 to €246,905
- Intangible fixed assets +€138,239
new in 2025: €138,239
- Receivables within one year +€93,063
up €93,063 (+879%), from €10,584 to €103,648
of which Trade receivables: +€81,582
- Tangible fixed assets +€8,673
new in 2025: €8,673
- Trade debts +€230,989
up €230,989 (+1,925%), from €12,002 to €242,992
- Debts after one year +€150,000
new in 2025: €150,000
- Tax, wage and social debts +€83,832
up €83,832 (+5,441%), from €1,541 to €85,373
of which Taxes: +€58,784
- Profit (loss) carried forward +€8,469
up €8,469 (+385%), from €2,197 to €10,666
- Gross operating margin +€220,926
up €220,926 (+3,979%), from €5,553 to €226,479
- Staff costs +€141,316
new in 2025: €141,316
- Financial charges +€34,310
up €34,310 (+4,790%), from €716 to €35,026
- Depreciation +€27,604
up €27,604 (+1,748%), from €1,580 to €29,183
- Financial income +€8,426
new in 2025: €8,426
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.
Derived cash bridge
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 | €41,605 | €517,056 | +€475,450 | +1,143% |
| Formation expenses | 20 | €14,630 | €11,550 | -€3,080 | -21.1% |
| Fixed assets | 21/28 | - | €150,313 | +€150,313 | |
| Intangible fixed assets | 21 | - | €138,239 | +€138,239 | |
| Tangible fixed assets | 22/27 | - | €8,673 | +€8,673 | |
| Furniture and vehicles | 24 | - | €8,673 | +€8,673 | |
| Financial fixed assets | 28 | - | €3,400 | +€3,400 | |
| Current assets | 29/58 | €26,975 | €355,193 | +€328,218 | +1,217% |
| Stocks and contracts in progress | 3 | €3,591 | €246,905 | +€243,314 | +6,776% |
| Stocks | 30/36 | €3,591 | €246,905 | +€243,314 | +6,776% |
| Amounts receivable within one year | 40/41 | €10,584 | €103,648 | +€93,063 | +879% |
| Trade receivables | 40 | €8,284 | €89,867 | +€81,582 | +985% |
| Other amounts receivable | 41 | €2,300 | €13,781 | +€11,481 | +499% |
| Cash at bank and in hand | 54/58 | €5,100 | €1,036 | -€4,065 | -79.7% |
| Deferred charges and accrued income | 490/1 | €7,700 | €3,605 | -€4,095 | -53.2% |
| Total equity and liabilities | 10/49 | €41,605 | €517,056 | +€475,450 | +1,143% |
| Equity | 10/15 | €4,197 | €12,666 | +€8,469 | +202% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,197 | €10,666 | +€8,469 | +385% |
| Amounts payable | 17/49 | €37,408 | €504,389 | +€466,981 | +1,248% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €29,908 | €348,379 | +€318,471 | +1,065% |
| Trade debts | 44 | €12,002 | €242,992 | +€230,989 | +1,925% |
| Suppliers | 440/4 | €12,002 | €242,992 | +€230,989 | +1,925% |
| Taxes, remuneration and social security | 45 | €1,541 | €85,373 | +€83,832 | +5,441% |
| Taxes | 450/3 | €1,541 | €60,325 | +€58,784 | +3,815% |
| Remuneration and social security | 454/9 | - | €25,048 | +€25,048 | |
| Other amounts payable | 47/48 | €16,365 | €20,014 | +€3,649 | +22.3% |
| Accrued charges and deferred income | 492/3 | €7,500 | €6,010 | -€1,490 | -19.9% |
| Remuneration, social security and pensions | 62 | - | €141,316 | +€141,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €29,183 | +€27,604 | +1,748% |
| Other operating charges | 640/8 | €779 | €8,924 | +€8,144 | +1,045% |
| Non-recurring operating charges | 66A | €0 | €8,852 | +€8,852 | +17,703,440% |
| Gross operating margin | 9900 | €5,553 | €226,479 | +€220,926 | +3,979% |
| Operating profit (loss) | 9901 | €3,194 | €38,204 | +€35,010 | +1,096% |
| Financial income | 75/76B | - | €8,426 | +€8,426 | |
| Recurring financial income | 75 | - | €8,426 | +€8,426 | |
| Financial charges | 65/66B | €716 | €35,026 | +€34,310 | +4,790% |
| Recurring financial charges | 65 | €716 | €35,026 | +€34,310 | +4,790% |
| Profit (loss) for the period before taxes | 9903 | €2,478 | €11,604 | +€9,126 | +368% |
| Income taxes | 67/77 | €280 | €3,134 | +€2,854 | +1,018% |
| Profit (loss) for the period | 9904 | €2,197 | €8,469 | +€6,272 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €2,197 | €8,469 | +€6,272 | +285% |
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 27 October 2026 via checked.be.