RGPD.Zen-PROJECT.be: 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.
RGPD.Zen-PROJECT.be
Largest movements
- Cash -€94,762
down €94,762 (-96.7%), from €98,001 to €3,239
mainly Receivables within one year (-€49,666) and Current portion of long-term debt (-€19,734)
- Receivables within one year +€49,666
up €49,666 (+1,810%), from €2,743 to €52,409
of which Trade receivables: +€49,666
- Tangible fixed assets -€3,882
down €3,882 (-29.7%), from €13,081 to €9,199
of which Furniture and vehicles: -€3,654
- Intangible fixed assets -€3,200
down €3,200 (-33.2%), from €9,635 to €6,435
- Current portion of long-term debt -€19,734
down €19,734 (-100%), from €19,734 to €0
- Other debts -€14,639
down €14,639 (-38.7%), from €37,846 to €23,208
- Trade debts -€11,723
down €11,723 (-91.3%), from €12,847 to €1,124
- Profit (loss) carried forward -€6,442
down €6,442 (-74.0%), from -€8,705 to -€15,146
- Gross operating margin -€74,755
down €74,755 (-91.8%), from €81,471 to €6,715
- Taxes -€5,695
no longer reported in 2025 (was €5,695)
- Financial charges +€1,048
up €1,048 (+103%), from €1,018 to €2,066
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 | €124,340 | €72,911 | -€51,430 | -41.4% |
| Fixed assets | 21/28 | €22,866 | €15,634 | -€7,232 | -31.6% |
| Intangible fixed assets | 21 | €9,635 | €6,435 | -€3,200 | -33.2% |
| Tangible fixed assets | 22/27 | €13,081 | €9,199 | -€3,882 | -29.7% |
| Furniture and vehicles | 24 | €11,502 | €7,849 | -€3,654 | -31.8% |
| Other tangible fixed assets | 26 | €1,579 | €1,351 | -€228 | -14.5% |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100% |
| Current assets | 29/58 | €101,475 | €57,276 | -€44,198 | -43.6% |
| Amounts receivable within one year | 40/41 | €2,743 | €52,409 | +€49,666 | +1,810% |
| Trade receivables | 40 | €2,559 | €52,225 | +€49,666 | +1,941% |
| Other amounts receivable | 41 | €184 | €184 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,001 | €3,239 | -€94,762 | -96.7% |
| Deferred charges and accrued income | 490/1 | €730 | €1,628 | +€898 | +123% |
| Total equity and liabilities | 10/49 | €124,340 | €72,911 | -€51,430 | -41.4% |
| Equity | 10/15 | €40,975 | €34,533 | -€6,442 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,080 | €31,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,220 | €29,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,705 | -€15,146 | -€6,442 | -74.0% |
| Amounts payable | 17/49 | €83,365 | €38,377 | -€44,988 | -54.0% |
| Amounts payable within one year | 42/48 | €83,365 | €38,377 | -€44,988 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €19,734 | €0 | -€19,734 | -100% |
| Financial debts | 43 | - | €198 | +€198 | |
| Credit institutions | 430/8 | - | €198 | +€198 | |
| Trade debts | 44 | €12,847 | €1,124 | -€11,723 | -91.3% |
| Suppliers | 440/4 | €12,847 | €1,124 | -€11,723 | -91.3% |
| Taxes, remuneration and social security | 45 | €12,938 | €13,848 | +€911 | +7.0% |
| Taxes | 450/3 | €12,938 | €7,848 | -€5,089 | -39.3% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €37,846 | €23,208 | -€14,639 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,993 | €9,447 | +€454 | +5.0% |
| Other operating charges | 640/8 | €997 | €1,665 | +€668 | +67.1% |
| Gross operating margin | 9900 | €81,471 | €6,715 | -€74,755 | -91.8% |
| Operating profit (loss) | 9901 | €71,481 | -€4,397 | -€75,878 | |
| Financial income | 75/76B | €67 | €21 | -€46 | -68.3% |
| Recurring financial income | 75 | €67 | €21 | -€46 | -68.3% |
| Financial charges | 65/66B | €1,018 | €2,066 | +€1,048 | +103% |
| Recurring financial charges | 65 | €1,018 | €2,066 | +€1,048 | +103% |
| Profit (loss) for the period before taxes | 9903 | €70,530 | -€6,442 | -€76,971 | |
| Income taxes | 67/77 | €5,695 | - | -€5,695 | |
| Profit (loss) for the period | 9904 | €64,835 | -€6,442 | -€71,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,835 | -€6,442 | -€71,277 |
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 26 October 2026 via checked.be.