Zeanco: what changed
Two fiscal 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.
Zeanco
Largest movements
- Cash +€47,202
up €47,202 (+701.1%), from €6,733 to €53,935
mainly Net result for the year (+€88,347) and Depreciation (+€27,416)
- Tangible fixed assets -€27,416
down €27,416 (-21.8%), from €125,923 to €98,507
of which Furniture and vehicles: -€27,248
- Reserves +€38,347
up €38,347 (+8.2%), from €466,164 to €504,511
- Debts after one year -€23,701
down €23,701 (-43.5%), from €54,505 to €30,804
- Financial income +€41,790
up €41,790 (+72.4%), from €57,710 to €99,500
- Depreciation +€18,588
up €18,588 (+210.6%), from €8,828 to €27,416
- Other operating charges -€5,417
down €5,417 (-80.1%), from €6,760 to €1,343
- Gross operating margin -€4,389
down €4,389 (-12.8%), from €34,358 to €29,970
- Financial charges +€1,181
up €1,181 (+85.2%), from €1,386 to €2,568
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,138,766 | €1,149,031 | +€10,264 | +0.9% |
| Fixed assets | 21/28 | €1,120,923 | €1,093,507 | -€27,416 | -2.4% |
| Tangible fixed assets | 22/27 | €125,923 | €98,507 | -€27,416 | -21.8% |
| Plant, machinery and equipment | 23 | €169 | - | -€169 | |
| Furniture and vehicles | 24 | €125,755 | €98,507 | -€27,248 | -21.7% |
| Financial fixed assets | 28 | €995,000 | €995,000 | = | 0.0% |
| Current assets | 29/58 | €17,843 | €55,524 | +€37,681 | +211.2% |
| Amounts receivable within one year | 40/41 | €9,638 | - | -€9,638 | |
| Trade receivables | 40 | €9,638 | - | -€9,638 | |
| Cash at bank and in hand | 54/58 | €6,733 | €53,935 | +€47,202 | +701.1% |
| Deferred charges and accrued income | 490/1 | €1,472 | €1,589 | +€116 | +7.9% |
| Total equity and liabilities | 10/49 | €1,138,766 | €1,149,031 | +€10,264 | +0.9% |
| Equity | 10/15 | €1,038,164 | €1,076,511 | +€38,347 | +3.7% |
| Contributions | 10/11 | €572,000 | €572,000 | = | 0.0% |
| Reserves | 13 | €466,164 | €504,511 | +€38,347 | +8.2% |
| Distributable reserves | 133 | €466,164 | €504,511 | +€38,347 | +8.2% |
| Amounts payable | 17/49 | €100,603 | €72,520 | -€28,083 | -27.9% |
| Amounts payable after more than one year | 17 | €54,505 | €30,804 | -€23,701 | -43.5% |
| Financial debts | 170/4 | €54,505 | €30,804 | -€23,701 | -43.5% |
| Amounts payable within one year | 42/48 | €46,098 | €41,716 | -€4,382 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €22,894 | €23,701 | +€807 | +3.5% |
| Trade debts | 44 | €8,512 | €2,130 | -€6,382 | -75.0% |
| Suppliers | 440/4 | €8,512 | €2,130 | -€6,382 | -75.0% |
| Taxes, remuneration and social security | 45 | €14,411 | €15,885 | +€1,474 | +10.2% |
| Taxes | 450/3 | €14,411 | €15,885 | +€1,474 | +10.2% |
| Other amounts payable | 47/48 | €281 | - | -€281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,828 | €27,416 | +€18,588 | +210.6% |
| Other operating charges | 640/8 | €6,760 | €1,343 | -€5,417 | -80.1% |
| Gross operating margin | 9900 | €34,358 | €29,970 | -€4,389 | -12.8% |
| Operating profit (loss) | 9901 | €18,770 | €1,210 | -€17,560 | -93.6% |
| Financial income | 75/76B | €57,710 | €99,500 | +€41,790 | +72.4% |
| Recurring financial income | 75 | €57,710 | €99,500 | +€41,790 | +72.4% |
| Financial charges | 65/66B | €1,386 | €2,568 | +€1,181 | +85.2% |
| Recurring financial charges | 65 | €1,386 | €2,568 | +€1,181 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €75,093 | €98,142 | +€23,049 | +30.7% |
| Income taxes | 67/77 | €10,882 | €9,795 | -€1,087 | -10.0% |
| Profit (loss) for the period | 9904 | €64,211 | €88,347 | +€24,136 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,211 | €88,347 | +€24,136 | +37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.