iZen Concept: 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.
iZen Concept
Largest movements
- Receivables within one year +€53,876
up €53,876 (+110%), from €49,023 to €102,899
of which Trade receivables: +€49,360
- Tangible fixed assets +€13,630
up €13,630 (+382%), from €3,569 to €17,199
- Cash +€4,513
up €4,513 (+24.5%), from €18,406 to €22,918
mainly Net result for the year (+€46,341) and Trade debts (+€12,749)
- Profit (loss) carried forward +€46,341
up €46,341 (+151%), from €30,685 to €77,025
- Trade debts +€12,749
up €12,749 (+161%), from €7,901 to €20,650
- Debts after one year +€9,130
new in 2025: €9,130
- Current portion of long-term debt +€4,547
new in 2025: €4,547
- Gross operating margin +€37,571
up €37,571 (+118%), from €31,899 to €69,471
- Taxes +€11,348
up €11,348 (+173%), from €6,563 to €17,911
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 | €76,457 | €150,050 | +€73,593 | +96.3% |
| Fixed assets | 21/28 | €6,940 | €20,598 | +€13,658 | +197% |
| Intangible fixed assets | 21 | €3,371 | €3,398 | +€27 | +0.8% |
| Tangible fixed assets | 22/27 | €3,569 | €17,199 | +€13,630 | +382% |
| Furniture and vehicles | 24 | €3,569 | €17,199 | +€13,630 | +382% |
| Current assets | 29/58 | €69,517 | €129,452 | +€59,935 | +86.2% |
| Stocks and contracts in progress | 3 | €2,039 | €3,180 | +€1,141 | +56.0% |
| Stocks | 30/36 | €2,039 | €3,180 | +€1,141 | +56.0% |
| Amounts receivable within one year | 40/41 | €49,023 | €102,899 | +€53,876 | +110% |
| Trade receivables | 40 | €44,081 | €93,440 | +€49,360 | +112% |
| Other amounts receivable | 41 | €4,942 | €9,459 | +€4,517 | +91.4% |
| Cash at bank and in hand | 54/58 | €18,406 | €22,918 | +€4,513 | +24.5% |
| Deferred charges and accrued income | 490/1 | €49 | €455 | +€406 | +821% |
| Total equity and liabilities | 10/49 | €76,457 | €150,050 | +€73,593 | +96.3% |
| Equity | 10/15 | €31,985 | €78,325 | +€46,341 | +145% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,685 | €77,025 | +€46,341 | +151% |
| Amounts payable | 17/49 | €44,473 | €71,725 | +€27,252 | +61.3% |
| Amounts payable after more than one year | 17 | - | €9,130 | +€9,130 | |
| Financial debts | 170/4 | - | €9,130 | +€9,130 | |
| Amounts payable within one year | 42/48 | €44,473 | €62,594 | +€18,122 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,547 | +€4,547 | |
| Trade debts | 44 | €7,901 | €20,650 | +€12,749 | +161% |
| Suppliers | 440/4 | €7,901 | €20,650 | +€12,749 | +161% |
| Taxes, remuneration and social security | 45 | €19,194 | €18,890 | -€303 | -1.6% |
| Taxes | 450/3 | €14,936 | €14,633 | -€303 | -2.0% |
| Remuneration and social security | 454/9 | €4,257 | €4,257 | = | 0.0% |
| Other amounts payable | 47/48 | €17,378 | €18,507 | +€1,129 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,117 | €4,948 | -€169 | -3.3% |
| Other operating charges | 640/8 | €720 | €186 | -€534 | -74.2% |
| Gross operating margin | 9900 | €31,899 | €69,471 | +€37,571 | +118% |
| Operating profit (loss) | 9901 | €26,062 | €64,337 | +€38,274 | +147% |
| Financial income | 75/76B | €0 | €300 | +€300 | +1,498,400% |
| Recurring financial income | 75 | €0 | €300 | +€300 | +1,498,400% |
| Financial charges | 65/66B | €345 | €384 | +€39 | +11.4% |
| Recurring financial charges | 65 | €345 | €384 | +€39 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €25,717 | €64,252 | +€38,535 | +150% |
| Income taxes | 67/77 | €6,563 | €17,911 | +€11,348 | +173% |
| Profit (loss) for the period | 9904 | €19,154 | €46,341 | +€27,187 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €19,154 | €46,341 | +€27,187 | +142% |
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 16 October 2026 via checked.be.