ZANCEN: 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.
ZANCEN
Largest movements
- Cash -€2,537
down €2,537 (-31.0%), from €8,186 to €5,649
mainly Net result for the year (-€22,999) and Trade debts (-€131)
- Receivables within one year +€112
up €112 (+38.1%), from €295 to €407
of which Other amounts receivable: +€176
- Profit (loss) carried forward -€22,999
down €22,999 (-79.3%), from -€29,017 to -€52,017
- Other debts +€20,606
up €20,606 (+82.4%), from €25,000 to €45,606
- Trade debts -€131
down €131 (-22.0%), from €599 to €467
- Tax, wage and social debts +€100
up €100 (+5.3%), from €1,900 to €2,000
- Gross operating margin +€6,224
up €6,224 (+22.2%), from -€28,090 to -€21,865
- Financial charges +€306
up €306 (+37.0%), from €828 to €1,134
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 | €8,481 | €6,056 | -€2,425 | -28.6% |
| Current assets | 29/58 | €8,481 | €6,056 | -€2,425 | -28.6% |
| Amounts receivable within one year | 40/41 | €295 | €407 | +€112 | +38.1% |
| Trade receivables | 40 | €266 | €202 | -€64 | -23.9% |
| Other amounts receivable | 41 | €29 | €205 | +€176 | +603% |
| Cash at bank and in hand | 54/58 | €8,186 | €5,649 | -€2,537 | -31.0% |
| Total equity and liabilities | 10/49 | €8,481 | €6,056 | -€2,425 | -28.6% |
| Equity | 10/15 | -€19,017 | -€42,017 | -€22,999 | -121% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,017 | -€52,017 | -€22,999 | -79.3% |
| Amounts payable | 17/49 | €27,499 | €48,073 | +€20,574 | +74.8% |
| Amounts payable within one year | 42/48 | €27,499 | €48,073 | +€20,574 | +74.8% |
| Trade debts | 44 | €599 | €467 | -€131 | -22.0% |
| Suppliers | 440/4 | €599 | €467 | -€131 | -22.0% |
| Taxes, remuneration and social security | 45 | €1,900 | €2,000 | +€100 | +5.3% |
| Remuneration and social security | 454/9 | €1,900 | €2,000 | +€100 | +5.3% |
| Other amounts payable | 47/48 | €25,000 | €45,606 | +€20,606 | +82.4% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Gross operating margin | 9900 | -€28,090 | -€21,865 | +€6,224 | +22.2% |
| Operating profit (loss) | 9901 | -€28,190 | -€21,865 | +€6,324 | +22.4% |
| Financial charges | 65/66B | €828 | €1,134 | +€306 | +37.0% |
| Recurring financial charges | 65 | €828 | €1,134 | +€306 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,017 | -€22,999 | +€6,018 | +20.7% |
| Profit (loss) for the period | 9904 | -€29,017 | -€22,999 | +€6,018 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,017 | -€22,999 | +€6,018 | +20.7% |
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 22 October 2026 via checked.be.