ZEIN SERVICES: 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.
ZEIN SERVICES
Largest movements
- Receivables within one year +€8,170
up €8,170 (+87.6%), from €9,325 to €17,495
of which Trade receivables: +€10,672
- Tangible fixed assets -€2,338
down €2,338 (-20.7%), from €11,285 to €8,947
- Cash +€1,174
up €1,174 (+19.1%), from €6,142 to €7,316
mainly Tax, wage and social debts (+€17,301) and Other debts (+€9,173)
- Profit (loss) carried forward -€30,092
down €30,092, from €10,729 to -€19,363
- Tax, wage and social debts +€17,301
up €17,301 (+3916.9%), from €442 to €17,742
of which Remuneration and social security: +€11,846
- Other debts +€9,173
up €9,173 (+161.6%), from €5,677 to €14,849
- Debts after one year +€5,138
new in 2025: €5,138
- Current portion of long-term debt +€4,737
new in 2025: €4,737
- Staff costs +€31,558
new in 2025: €31,558
- Turnover +€11,291
up €11,291 (+30.4%), from €37,121 to €48,412
- Purchases and services +€9,781
up €9,781 (+32.9%), from €29,756 to €39,537
- Gross operating margin +€6,835
up €6,835 (+91.0%), from €7,509 to €14,344
- Taxes -€3,741
no longer reported in 2025 (was €3,741)
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.
Cash bridge derived
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 | €26,751 | €33,758 | +€7,007 | +26.2% |
| Fixed assets | 21/28 | €11,285 | €8,947 | -€2,338 | -20.7% |
| Tangible fixed assets | 22/27 | €11,285 | €8,947 | -€2,338 | -20.7% |
| Furniture and vehicles | 24 | €11,285 | €8,947 | -€2,338 | -20.7% |
| Current assets | 29/58 | €15,466 | €24,811 | +€9,344 | +60.4% |
| Amounts receivable within one year | 40/41 | €9,325 | €17,495 | +€8,170 | +87.6% |
| Trade receivables | 40 | €6,823 | €17,495 | +€10,672 | +156.4% |
| Other amounts receivable | 41 | €2,502 | - | -€2,502 | |
| Cash at bank and in hand | 54/58 | €6,142 | €7,316 | +€1,174 | +19.1% |
| Total equity and liabilities | 10/49 | €26,751 | €33,758 | +€7,007 | +26.2% |
| Equity | 10/15 | €18,729 | -€11,363 | -€30,092 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,729 | -€19,363 | -€30,092 | |
| Amounts payable | 17/49 | €8,022 | €45,121 | +€37,099 | +462.4% |
| Amounts payable after more than one year | 17 | - | €5,138 | +€5,138 | |
| Financial debts | 170/4 | - | €5,138 | +€5,138 | |
| Amounts payable within one year | 42/48 | €8,022 | €39,983 | +€31,961 | +398.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,737 | +€4,737 | |
| Trade debts | 44 | €1,904 | €2,654 | +€750 | +39.4% |
| Suppliers | 440/4 | €1,904 | €2,654 | +€750 | +39.4% |
| Taxes, remuneration and social security | 45 | €442 | €17,742 | +€17,301 | +3916.9% |
| Taxes | 450/3 | €442 | €5,896 | +€5,455 | +1235.0% |
| Remuneration and social security | 454/9 | - | €11,846 | +€11,846 | |
| Other amounts payable | 47/48 | €5,677 | €14,849 | +€9,173 | +161.6% |
| Turnover | 70 | €37,121 | €48,412 | +€11,291 | +30.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,756 | €39,537 | +€9,781 | +32.9% |
| Remuneration, social security and pensions | 62 | - | €31,558 | +€31,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,265 | €7,138 | +€1,872 | +35.6% |
| Other operating charges | 640/8 | €1,900 | €5,396 | +€3,496 | +184.0% |
| Gross operating margin | 9900 | €7,509 | €14,344 | +€6,835 | +91.0% |
| Operating profit (loss) | 9901 | €344 | -€29,748 | -€30,092 | |
| Financial charges | 65/66B | €80 | €344 | +€264 | +327.9% |
| Recurring financial charges | 65 | €80 | €228 | +€148 | +183.9% |
| Non-recurring financial charges | 66B | - | €116 | +€116 | |
| Profit (loss) for the period before taxes | 9903 | €263 | -€30,092 | -€30,355 | |
| Income taxes | 67/77 | €3,741 | - | -€3,741 | |
| Profit (loss) for the period | 9904 | -€3,478 | -€30,092 | -€26,614 | -765.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,478 | -€30,092 | -€26,614 | -765.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.