Q-ZEN CONSTRUCT: 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.
Q-ZEN CONSTRUCT
Largest movements
- Cash +€4,967
up €4,967 (+112.7%), from €4,408 to €9,374
mainly Other debts (+€5,804) and Depreciation (+€2,544)
- Receivables within one year +€3,241
up €3,241 (+111.0%), from €2,919 to €6,160
of which Trade receivables: +€3,551
- Tangible fixed assets -€2,421
down €2,421 (-26.6%), from €9,105 to €6,684
- Other debts +€5,804
up €5,804 (+176.6%), from €3,287 to €9,092
- Profit (loss) carried forward +€1,852
up €1,852 (+22.3%), from €8,299 to €10,152
- Tax, wage and social debts -€1,469
down €1,469 (-59.3%), from €2,477 to €1,009
- Trade debts -€532
down €532 (-98.5%), from €540 to €8
- Gross operating margin -€4,849
down €4,849 (-46.6%), from €10,398 to €5,549
- Depreciation -€925
down €925 (-26.7%), from €3,469 to €2,544
- Taxes -€890
down €890 (-51.4%), from €1,732 to €842
- Other operating charges +€157
up €157 (+90.2%), from €174 to €331
- Financial income +€127
up €127 (+695.8%), from €18 to €145
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 | €17,622 | €23,260 | +€5,638 | +32.0% |
| Formation expenses | 20 | €1,190 | €1,042 | -€149 | -12.5% |
| Fixed assets | 21/28 | €9,105 | €6,684 | -€2,421 | -26.6% |
| Tangible fixed assets | 22/27 | €9,105 | €6,684 | -€2,421 | -26.6% |
| Furniture and vehicles | 24 | €9,105 | €6,684 | -€2,421 | -26.6% |
| Current assets | 29/58 | €7,327 | €15,534 | +€8,208 | +112.0% |
| Amounts receivable within one year | 40/41 | €2,919 | €6,160 | +€3,241 | +111.0% |
| Trade receivables | 40 | €603 | €4,153 | +€3,551 | +589.0% |
| Other amounts receivable | 41 | €2,316 | €2,007 | -€310 | -13.4% |
| Cash at bank and in hand | 54/58 | €4,408 | €9,374 | +€4,967 | +112.7% |
| Total equity and liabilities | 10/49 | €17,622 | €23,260 | +€5,638 | +32.0% |
| Equity | 10/15 | €11,299 | €13,152 | +€1,852 | +16.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,299 | €10,152 | +€1,852 | +22.3% |
| Amounts payable | 17/49 | €6,323 | €10,109 | +€3,786 | +59.9% |
| Amounts payable within one year | 42/48 | €6,305 | €10,109 | +€3,804 | +60.3% |
| Trade debts | 44 | €540 | €8 | -€532 | -98.5% |
| Suppliers | 440/4 | €540 | €8 | -€532 | -98.5% |
| Taxes, remuneration and social security | 45 | €2,477 | €1,009 | -€1,469 | -59.3% |
| Taxes | 450/3 | €2,477 | €1,009 | -€1,469 | -59.3% |
| Other amounts payable | 47/48 | €3,287 | €9,092 | +€5,804 | +176.6% |
| Accrued charges and deferred income | 492/3 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,469 | €2,544 | -€925 | -26.7% |
| Other operating charges | 640/8 | €174 | €331 | +€157 | +90.2% |
| Gross operating margin | 9900 | €10,398 | €5,549 | -€4,849 | -46.6% |
| Operating profit (loss) | 9901 | €6,755 | €2,674 | -€4,081 | -60.4% |
| Financial income | 75/76B | €18 | €145 | +€127 | +695.8% |
| Recurring financial income | 75 | €18 | €145 | +€127 | +695.8% |
| Financial charges | 65/66B | €114 | €125 | +€10 | +9.1% |
| Recurring financial charges | 65 | €114 | €125 | +€10 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €6,659 | €2,694 | -€3,965 | -59.5% |
| Income taxes | 67/77 | €1,732 | €842 | -€890 | -51.4% |
| Profit (loss) for the period | 9904 | €4,927 | €1,852 | -€3,075 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,927 | €1,852 | -€3,075 | -62.4% |
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 10 October 2026 via checked.be.