ME ZEN: 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.
ME ZEN
Largest movements
- Cash +€60,541
up €60,541 (+72.4%), from €83,624 to €144,165
mainly Net result for the year (+€37,583) and Depreciation (+€9,837)
- Tangible fixed assets -€8,396
down €8,396 (-47.6%), from €17,646 to €9,250
of which Plant, machinery and equipment: -€4,777
- Reserves +€37,583
up €37,583 (+44.9%), from €83,725 to €121,308
- Tax, wage and social debts +€7,898
up €7,898 (+141.2%), from €5,595 to €13,493
of which Taxes: +€7,895
- Short-term financial debts +€6,250
new in 2025: €6,250
- Gross operating margin +€47,568
up €47,568 (+295.8%), from €16,082 to €63,649
- Taxes +€10,072
up €10,072 (+555.8%), from €1,812 to €11,884
- Financial charges +€2,369
up €2,369 (+114.8%), from €2,063 to €4,432
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 | €105,756 | €158,363 | +€52,607 | +49.7% |
| Fixed assets | 21/28 | €17,646 | €9,250 | -€8,396 | -47.6% |
| Tangible fixed assets | 22/27 | €17,646 | €9,250 | -€8,396 | -47.6% |
| Plant, machinery and equipment | 23 | €8,406 | €3,629 | -€4,777 | -56.8% |
| Furniture and vehicles | 24 | €9,240 | €5,621 | -€3,620 | -39.2% |
| Current assets | 29/58 | €88,110 | €149,113 | +€61,003 | +69.2% |
| Amounts receivable within one year | 40/41 | €4,486 | €4,948 | +€462 | +10.3% |
| Trade receivables | 40 | €602 | €1,041 | +€439 | +72.9% |
| Other amounts receivable | 41 | €3,883 | €3,907 | +€24 | +0.6% |
| Cash at bank and in hand | 54/58 | €83,624 | €144,165 | +€60,541 | +72.4% |
| Total equity and liabilities | 10/49 | €105,756 | €158,363 | +€52,607 | +49.7% |
| Equity | 10/15 | €85,225 | €122,808 | +€37,583 | +44.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €83,725 | €121,308 | +€37,583 | +44.9% |
| Distributable reserves | 133 | €83,725 | €121,308 | +€37,583 | +44.9% |
| Amounts payable | 17/49 | €20,531 | €35,555 | +€15,024 | +73.2% |
| Amounts payable within one year | 42/48 | €20,531 | €35,555 | +€15,024 | +73.2% |
| Financial debts | 43 | - | €6,250 | +€6,250 | |
| Credit institutions | 430/8 | - | €6,250 | +€6,250 | |
| Trade debts | 44 | €2,948 | €3,236 | +€288 | +9.8% |
| Suppliers | 440/4 | €2,948 | €3,236 | +€288 | +9.8% |
| Advances received on contracts in progress | 46 | €1,000 | €895 | -€105 | -10.5% |
| Taxes, remuneration and social security | 45 | €5,595 | €13,493 | +€7,898 | +141.2% |
| Taxes | 450/3 | €1,005 | €8,900 | +€7,895 | +785.8% |
| Remuneration and social security | 454/9 | €4,590 | €4,593 | +€3 | +0.1% |
| Other amounts payable | 47/48 | €10,988 | €11,681 | +€693 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,246 | €9,837 | -€409 | -4.0% |
| Other operating charges | 640/8 | €1,403 | €1,201 | -€202 | -14.4% |
| Gross operating margin | 9900 | €16,082 | €63,649 | +€47,568 | +295.8% |
| Operating profit (loss) | 9901 | €4,433 | €52,612 | +€48,179 | +1086.8% |
| Financial income | 75/76B | €924 | €1,287 | +€363 | +39.3% |
| Recurring financial income | 75 | €924 | €1,287 | +€363 | +39.3% |
| Financial charges | 65/66B | €2,063 | €4,432 | +€2,369 | +114.8% |
| Recurring financial charges | 65 | €2,063 | €4,432 | +€2,369 | +114.8% |
| Profit (loss) for the period before taxes | 9903 | €3,293 | €49,467 | +€46,173 | +1402.0% |
| Income taxes | 67/77 | €1,812 | €11,884 | +€10,072 | +555.8% |
| Profit (loss) for the period | 9904 | €1,481 | €37,583 | +€36,102 | +2437.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,481 | €37,583 | +€36,102 | +2437.0% |
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.