De Zenn: 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.
De Zenn
Largest movements
- Cash +€15,876
up €15,876 (+3,690%), from €430 to €16,306
mainly Net result for the year (+€24,680) and Depreciation (+€8,920)
- Tangible fixed assets +€706
up €706 (+6.2%), from €11,460 to €12,167
of which Plant, machinery and equipment: +€3,757
- Reserves +€19,441
up €19,441 (+104%), from €18,766 to €38,207
- Profit (loss) carried forward +€5,239
no longer reported in 2025 (was -€5,239)
- Tax, wage and social debts -€2,091
down €2,091 (-67.9%), from €3,079 to €988
of which Remuneration and social security: -€1,874
- Trade debts -€2,024
down €2,024 (-50.4%), from €4,016 to €1,991
- Accrued charges and deferred income -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin +€36,976
up €36,976 (+850%), from €4,352 to €41,328
- Taxes +€5,718
up €5,718 (+4,233%), from €135 to €5,853
- Depreciation +€1,342
up €1,342 (+17.7%), from €7,578 to €8,920
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 | €29,230 | €45,826 | +€16,596 | +56.8% |
| Fixed assets | 21/28 | €11,460 | €12,167 | +€706 | +6.2% |
| Tangible fixed assets | 22/27 | €11,460 | €12,167 | +€706 | +6.2% |
| Plant, machinery and equipment | 23 | €8,410 | €12,167 | +€3,757 | +44.7% |
| Furniture and vehicles | 24 | €3,050 | - | -€3,050 | |
| Current assets | 29/58 | €17,770 | €33,660 | +€15,890 | +89.4% |
| Amounts receivable within one year | 40/41 | €16,309 | €16,030 | -€279 | -1.7% |
| Trade receivables | 40 | €12,622 | €13,377 | +€754 | +6.0% |
| Other amounts receivable | 41 | €3,687 | €2,653 | -€1,033 | -28.0% |
| Cash at bank and in hand | 54/58 | €430 | €16,306 | +€15,876 | +3,690% |
| Deferred charges and accrued income | 490/1 | €1,031 | €1,324 | +€293 | +28.4% |
| Total equity and liabilities | 10/49 | €29,230 | €45,826 | +€16,596 | +56.8% |
| Equity | 10/15 | €16,527 | €41,207 | +€24,680 | +149% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,766 | €38,207 | +€19,441 | +104% |
| Distributable reserves | 133 | €18,766 | €38,207 | +€19,441 | +104% |
| Profit (loss) carried forward | 14 | -€5,239 | - | +€5,239 | |
| Amounts payable | 17/49 | €12,703 | €4,619 | -€8,084 | -63.6% |
| Amounts payable within one year | 42/48 | €10,703 | €4,619 | -€6,084 | -56.8% |
| Trade debts | 44 | €4,016 | €1,991 | -€2,024 | -50.4% |
| Suppliers | 440/4 | €4,016 | €1,991 | -€2,024 | -50.4% |
| Taxes, remuneration and social security | 45 | €3,079 | €988 | -€2,091 | -67.9% |
| Taxes | 450/3 | €1,205 | €988 | -€217 | -18.0% |
| Remuneration and social security | 454/9 | €1,874 | - | -€1,874 | |
| Other amounts payable | 47/48 | €3,609 | €1,640 | -€1,969 | -54.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,578 | €8,920 | +€1,342 | +17.7% |
| Other operating charges | 640/8 | €989 | €1,093 | +€104 | +10.5% |
| Gross operating margin | 9900 | €4,352 | €41,328 | +€36,976 | +850% |
| Operating profit (loss) | 9901 | -€4,215 | €31,314 | +€35,530 | |
| Financial income | 75/76B | €5 | €36 | +€31 | +613% |
| Recurring financial income | 75 | €5 | €36 | +€31 | +613% |
| Financial charges | 65/66B | €893 | €818 | -€76 | -8.5% |
| Recurring financial charges | 65 | €893 | €818 | -€76 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,104 | €30,533 | +€35,636 | |
| Income taxes | 67/77 | €135 | €5,853 | +€5,718 | +4,233% |
| Profit (loss) for the period | 9904 | -€5,239 | €24,680 | +€29,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,239 | €24,680 | +€29,919 |
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 25 October 2026 via checked.be.