I-ZEN MANAGEMENT: what changed
What changed
I-ZEN MANAGEMENT
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€4,250
2024 · -€8,466+€4,216
Equity
€615,824
2024 · €626,272-€10,447
Cash
€841
2024 · €75+€766
Balance sheet total
€776,555
2024 · €805,048-€28,493
Largest movements
Assets
- Tangible fixed assets -€36,676
down €36,676 (-4.6%), from €797,473 to €760,796
of which Land and buildings: -€35,058
Equity and liabilities
- Reserves -€9,296
down €9,296 (-4.5%), from €207,246 to €197,950
of which Tax-exempt reserves: -€9,296
- Debts after one year -€9,077
down €9,077 (-12.5%), from €72,686 to €63,609
Income statement
- Gross operating margin +€3,967
up €3,967 (+16.6%), from €23,930 to €27,898
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.
Result 2024
-€8,466
Gross operating margin
+€3,967
Depreciation
+€176
Other operating charges
-€14
Financial income
+€0
Financial charges
+€126
Taxes
-€40
Result 2025
-€4,250
raises the resultlowers the result
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.
From operations
+€15,880
Investment
€0
Financing
-€15,114
Cash 2024
€75
From operations (derived)
+€15,880
Net result for the year
-€4,250
Depreciation
+€36,676
Receivables within one year
-€7,418
Provisions
-€3,099
Trade debts
+€1,089
Tax, wage and social debts
+€138
Other debts
-€7,256
Financing
-€15,114
Debts after one year
-€9,077
Current portion of long-term debt
+€160
Contributions, distributions and other
-€6,197
Cash 2025
€841
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €805,048 | €776,555 | -€28,493 | -3.5% |
| Fixed assets | 21/28 | €797,473 | €760,796 | -€36,676 | -4.6% |
| Tangible fixed assets | 22/27 | €797,473 | €760,796 | -€36,676 | -4.6% |
| Land and buildings | 22 | €793,447 | €758,388 | -€35,058 | -4.4% |
| Furniture and vehicles | 24 | €4,026 | €2,408 | -€1,618 | -40.2% |
| Current assets | 29/58 | €7,575 | €15,759 | +€8,183 | +108% |
| Amounts receivable within one year | 40/41 | €7,500 | €14,918 | +€7,418 | +98.9% |
| Trade receivables | 40 | €7,500 | €2,660 | -€4,840 | -64.5% |
| Other amounts receivable | 41 | - | €12,258 | +€12,258 | |
| Cash at bank and in hand | 54/58 | €75 | €841 | +€766 | +1,018% |
| Total equity and liabilities | 10/49 | €805,048 | €776,555 | -€28,493 | -3.5% |
| Equity | 10/15 | €626,272 | €615,824 | -€10,447 | -1.7% |
| Contributions | 10/11 | €668,076 | €668,076 | = | 0.0% |
| Revaluation surpluses | 12 | €83,085 | €83,085 | = | 0.0% |
| Reserves | 13 | €207,246 | €197,950 | -€9,296 | -4.5% |
| Non-distributable reserves | 130/1 | €2,515 | €2,515 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,258 | €2,258 | = | 0.0% |
| Other | 1319 | €257 | €257 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,731 | €195,435 | -€9,296 | -4.5% |
| Profit (loss) carried forward | 14 | -€332,135 | -€333,287 | -€1,151 | -0.3% |
| Provisions and deferred taxes | 16 | €68,244 | €65,145 | -€3,099 | -4.5% |
| Deferred taxes | 168 | €68,244 | €65,145 | -€3,099 | -4.5% |
| Amounts payable | 17/49 | €110,532 | €95,586 | -€14,947 | -13.5% |
| Amounts payable after more than one year | 17 | €72,686 | €63,609 | -€9,077 | -12.5% |
| Financial debts | 170/4 | €72,686 | €63,609 | -€9,077 | -12.5% |
| Amounts payable within one year | 42/48 | €37,846 | €31,977 | -€5,870 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €8,917 | €9,077 | +€160 | +1.8% |
| Trade debts | 44 | €173 | €1,262 | +€1,089 | +629% |
| Suppliers | 440/4 | €173 | €1,262 | +€1,089 | +629% |
| Taxes, remuneration and social security | 45 | €2,652 | €2,789 | +€138 | +5.2% |
| Taxes | 450/3 | €2,652 | €2,789 | +€138 | +5.2% |
| Other amounts payable | 47/48 | €26,104 | €18,848 | -€7,256 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,853 | €36,676 | -€176 | -0.5% |
| Other operating charges | 640/8 | €2,941 | €2,955 | +€14 | +0.5% |
| Gross operating margin | 9900 | €23,930 | €27,898 | +€3,967 | +16.6% |
| Operating profit (loss) | 9901 | -€15,863 | -€11,734 | +€4,129 | +26.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,660 | €1,535 | -€126 | -7.6% |
| Recurring financial charges | 65 | €1,660 | €1,535 | -€126 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,523 | -€13,268 | +€4,256 | +24.3% |
| Transfer from deferred taxes | 780 | €9,296 | €9,296 | = | 0.0% |
| Income taxes | 67/77 | €238 | €278 | +€40 | +16.7% |
| Profit (loss) for the period | 9904 | -€8,466 | -€4,250 | +€4,216 | +49.8% |
| Transfer from tax-exempt reserves | 789 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,367 | -€1,151 | +€4,216 | +78.5% |
Next steps
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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 2 November 2026 via checked.be.