IMMO ZENUN: 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.
IMMO ZENUN
Largest movements
- Receivables within one year -€322,424
down €322,424 (-60.9%), from €529,455 to €207,031
- Cash +€146,650
up €146,650 (+209.6%), from €69,952 to €216,602
mainly Receivables within one year (+€322,424) and Deferred charges and accrued income (+€73,645)
- Deferred charges and accrued income -€73,645
down €73,645 (-100.0%), from €73,645 to €0
- Profit (loss) carried forward -€232,647
down €232,647 (-31.7%), from €733,077 to €500,431
- Debts after one year -€23,776
down €23,776 (-11.9%), from €199,702 to €175,926
- Financial charges +€214,473
up €214,473 (+5106.0%), from €4,200 to €218,673
of which Non-recurring financial charges: +€215,000
- Gross operating margin +€4,745
up €4,745 (+126.7%), from €3,744 to €8,489
- Staff costs +€3,459
up €3,459 (+151.2%), from €2,287 to €5,746
- Other operating charges -€1,887
down €1,887 (-25.6%), from €7,363 to €5,476
- Depreciation +€292
up €292 (+2.7%), from €10,948 to €11,240
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 | €1,029,609 | €773,344 | -€256,264 | -24.9% |
| Fixed assets | 21/28 | €356,556 | €349,711 | -€6,845 | -1.9% |
| Tangible fixed assets | 22/27 | €356,556 | €349,711 | -€6,845 | -1.9% |
| Land and buildings | 22 | €356,556 | €349,711 | -€6,845 | -1.9% |
| Current assets | 29/58 | €673,052 | €423,634 | -€249,419 | -37.1% |
| Amounts receivable within one year | 40/41 | €529,455 | €207,031 | -€322,424 | -60.9% |
| Other amounts receivable | 41 | €529,455 | €207,031 | -€322,424 | -60.9% |
| Current investments | 50/53 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,952 | €216,602 | +€146,650 | +209.6% |
| Deferred charges and accrued income | 490/1 | €73,645 | €0 | -€73,645 | -100.0% |
| Total equity and liabilities | 10/49 | €1,029,609 | €773,344 | -€256,264 | -24.9% |
| Equity | 10/15 | €801,277 | €568,631 | -€232,647 | -29.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €733,077 | €500,431 | -€232,647 | -31.7% |
| Amounts payable | 17/49 | €228,332 | €204,714 | -€23,618 | -10.3% |
| Amounts payable after more than one year | 17 | €199,702 | €175,926 | -€23,776 | -11.9% |
| Financial debts | 170/4 | €199,702 | €175,926 | -€23,776 | -11.9% |
| Amounts payable within one year | 42/48 | €28,630 | €28,788 | +€158 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €23,381 | €23,776 | +€395 | +1.7% |
| Trade debts | 44 | €2,165 | €1,294 | -€870 | -40.2% |
| Suppliers | 440/4 | €2,165 | €1,294 | -€870 | -40.2% |
| Taxes, remuneration and social security | 45 | €3,085 | €3,718 | +€634 | +20.5% |
| Taxes | 450/3 | - | €289 | +€289 | |
| Remuneration and social security | 454/9 | €3,085 | €3,430 | +€345 | +11.2% |
| Non-recurring operating income | 76A | €8,247 | €0 | -€8,247 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,287 | €5,746 | +€3,459 | +151.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,948 | €11,240 | +€292 | +2.7% |
| Other operating charges | 640/8 | €7,363 | €5,476 | -€1,887 | -25.6% |
| Gross operating margin | 9900 | €3,744 | €8,489 | +€4,745 | +126.7% |
| Operating profit (loss) | 9901 | -€16,854 | -€13,974 | +€2,881 | +17.1% |
| Financial income | 75/76B | €49 | €0 | -€49 | -100.0% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -100.0% |
| Financial charges | 65/66B | €4,200 | €218,673 | +€214,473 | +5106.0% |
| Recurring financial charges | 65 | €4,200 | €3,673 | -€527 | -12.6% |
| Non-recurring financial charges | 66B | - | €215,000 | +€215,000 | |
| Profit (loss) for the period before taxes | 9903 | -€21,006 | -€232,647 | -€211,641 | -1007.5% |
| Profit (loss) for the period | 9904 | -€21,006 | -€232,647 | -€211,641 | -1007.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,006 | -€232,647 | -€211,641 | -1007.5% |
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 12 October 2026 via checked.be.