Q-ZEN MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€21,377
down €21,377 (-25.2%), from €84,909 to €63,532
- Tax, wage and social debts +€24,353
up €24,353 (+318%), from €7,649 to €32,002
- Other debts -€15,215
down €15,215 (-46.6%), from €32,655 to €17,441
- Debts after one year -€14,252
down €14,252 (-29.9%), from €47,591 to €33,339
- Profit (loss) carried forward -€12,930
down €12,930 (-66.8%), from -€19,344 to -€32,274
- Trade debts -€2,710
down €2,710 (-42.9%), from €6,320 to €3,611
- Other operating charges -€8,759
down €8,759 (-84.8%), from €10,334 to €1,575
- Depreciation +€3,470
up €3,470 (+18.5%), from €18,733 to €22,203
- Gross operating margin +€1,884
up €1,884 (+14.5%), from €12,999 to €14,883
- Financial charges +€684
up €684 (+23.8%), from €2,870 to €3,554
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 | €91,452 | €71,370 | -€20,082 | -22.0% |
| Fixed assets | 21/28 | €84,909 | €63,532 | -€21,377 | -25.2% |
| Tangible fixed assets | 22/27 | €84,909 | €63,532 | -€21,377 | -25.2% |
| Furniture and vehicles | 24 | €84,909 | €63,532 | -€21,377 | -25.2% |
| Current assets | 29/58 | €6,543 | €7,839 | +€1,296 | +19.8% |
| Amounts receivable within one year | 40/41 | €3,491 | €3,903 | +€412 | +11.8% |
| Trade receivables | 40 | €3,489 | €3,379 | -€110 | -3.2% |
| Other amounts receivable | 41 | €2 | €524 | +€522 | +23,956% |
| Cash at bank and in hand | 54/58 | €3,052 | €3,906 | +€854 | +28.0% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €91,452 | €71,370 | -€20,082 | -22.0% |
| Equity | 10/15 | -€16,344 | -€29,274 | -€12,930 | -79.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,344 | -€32,274 | -€12,930 | -66.8% |
| Amounts payable | 17/49 | €107,796 | €100,645 | -€7,152 | -6.6% |
| Amounts payable after more than one year | 17 | €47,591 | €33,339 | -€14,252 | -29.9% |
| Financial debts | 170/4 | €47,591 | €33,339 | -€14,252 | -29.9% |
| Amounts payable within one year | 42/48 | €60,205 | €67,305 | +€7,100 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €13,581 | €14,252 | +€671 | +4.9% |
| Trade debts | 44 | €6,320 | €3,611 | -€2,710 | -42.9% |
| Suppliers | 440/4 | €6,320 | €3,611 | -€2,710 | -42.9% |
| Taxes, remuneration and social security | 45 | €7,649 | €32,002 | +€24,353 | +318% |
| Taxes | 450/3 | €7,649 | €32,002 | +€24,353 | +318% |
| Other amounts payable | 47/48 | €32,655 | €17,441 | -€15,215 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,733 | €22,203 | +€3,470 | +18.5% |
| Other operating charges | 640/8 | €10,334 | €1,575 | -€8,759 | -84.8% |
| Gross operating margin | 9900 | €12,999 | €14,883 | +€1,884 | +14.5% |
| Operating profit (loss) | 9901 | -€16,067 | -€8,895 | +€7,172 | +44.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,870 | €3,554 | +€684 | +23.8% |
| Recurring financial charges | 65 | €2,870 | €3,554 | +€684 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,937 | -€12,449 | +€6,487 | +34.3% |
| Income taxes | 67/77 | €408 | €480 | +€73 | +17.8% |
| Profit (loss) for the period | 9904 | -€19,344 | -€12,930 | +€6,415 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,344 | -€12,930 | +€6,415 | +33.2% |
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 21 October 2026 via checked.be.