ZEIN: what changed
ZEIN
Largest movements
- Receivables within one year +€7,896
up €7,896 (+179%), from €4,409 to €12,305
of which Other amounts receivable: +€12,280
- Cash +€3,792
up €3,792 (+7,695%), from €49 to €3,842
mainly Contributions, distributions and other (+€20,000) and Depreciation (+€1,458)
- Tangible fixed assets +€1,049
up €1,049 (+28.9%), from €3,626 to €4,675
- Contributions +€20,000
new in 2025: €20,000
- Other debts -€2,990
down €2,990 (-47.8%), from €6,250 to €3,260
- Trade debts -€2,304
down €2,304 (-52.5%), from €4,390 to €2,086
- Profit (loss) carried forward -€1,969
down €1,969 (-77.1%), from -€2,555 to -€4,524
- Depreciation +€1,108
up €1,108 (+317%), from €350 to €1,458
- Gross operating margin +€560
up €560 (+91.1%), from -€614 to -€55
- Other operating charges +€186
up €186 (+111%), from €168 to €354
- Financial charges +€102
new in 2025: €102
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,084 | €20,822 | +€12,737 | +158% |
| Fixed assets | 21/28 | €3,626 | €4,675 | +€1,049 | +28.9% |
| Tangible fixed assets | 22/27 | €3,626 | €4,675 | +€1,049 | +28.9% |
| Plant, machinery and equipment | 23 | €3,626 | €4,675 | +€1,049 | +28.9% |
| Current assets | 29/58 | €4,458 | €16,146 | +€11,688 | +262% |
| Amounts receivable within one year | 40/41 | €4,409 | €12,305 | +€7,896 | +179% |
| Trade receivables | 40 | €4,409 | €25 | -€4,384 | -99.4% |
| Other amounts receivable | 41 | - | €12,280 | +€12,280 | |
| Cash at bank and in hand | 54/58 | €49 | €3,842 | +€3,792 | +7,695% |
| Total equity and liabilities | 10/49 | €8,084 | €20,822 | +€12,737 | +158% |
| Equity | 10/15 | -€2,555 | €15,476 | +€18,031 | |
| Contributions | 10/11 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | -€2,555 | -€4,524 | -€1,969 | -77.1% |
| Amounts payable | 17/49 | €10,640 | €5,346 | -€5,294 | -49.8% |
| Amounts payable within one year | 42/48 | €10,640 | €5,346 | -€5,294 | -49.8% |
| Trade debts | 44 | €4,390 | €2,086 | -€2,304 | -52.5% |
| Suppliers | 440/4 | €4,390 | €2,086 | -€2,304 | -52.5% |
| Other amounts payable | 47/48 | €6,250 | €3,260 | -€2,990 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €1,458 | +€1,108 | +317% |
| Other operating charges | 640/8 | €168 | €354 | +€186 | +111% |
| Gross operating margin | 9900 | -€614 | -€55 | +€560 | +91.1% |
| Operating profit (loss) | 9901 | -€1,132 | -€1,867 | -€735 | -64.9% |
| Financial charges | 65/66B | - | €102 | +€102 | |
| Recurring financial charges | 65 | - | €102 | +€102 | |
| Profit (loss) for the period before taxes | 9903 | -€1,132 | -€1,969 | -€837 | -73.9% |
| Profit (loss) for the period | 9904 | -€1,132 | -€1,969 | -€837 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,132 | -€1,969 | -€837 | -73.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.