ZEN A BORD: what changed
ZEN A BORD
Largest movements
- Tangible fixed assets -€6,039
down €6,039 (-99.7%), from €6,055 to €15
of which Furniture and vehicles: -€5,473
- Cash -€3,313
down €3,313 (-82.7%), from €4,004 to €691
- Financial fixed assets -€740
no longer reported in 2025 (was €740)
- Receivables within one year -€384
down €384 (-5.7%), from €6,741 to €6,357
- Trade debts -€7,827
no longer reported in 2025 (was €7,827)
- Profit (loss) carried forward -€3,353
down €3,353 (-22.8%), from -€14,714 to -€18,067
- Other debts +€703
up €703 (+17.7%), from €3,967 to €4,670
- Gross operating margin +€13,020
up €13,020, from -€12,565 to €456
- Depreciation -€4,038
down €4,038 (-96.4%), from €4,188 to €150
- Other operating charges +€645
up €645 (+155%), from €415 to €1,060
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,539 | €7,063 | -€10,476 | -59.7% |
| Fixed assets | 21/28 | €6,795 | €15 | -€6,779 | -99.8% |
| Tangible fixed assets | 22/27 | €6,055 | €15 | -€6,039 | -99.7% |
| Furniture and vehicles | 24 | €5,473 | - | -€5,473 | |
| Other tangible fixed assets | 26 | €582 | €15 | -€566 | -97.4% |
| Financial fixed assets | 28 | €740 | - | -€740 | |
| Current assets | 29/58 | €10,744 | €7,047 | -€3,697 | -34.4% |
| Amounts receivable within one year | 40/41 | €6,741 | €6,357 | -€384 | -5.7% |
| Other amounts receivable | 41 | €6,741 | €6,357 | -€384 | -5.7% |
| Cash at bank and in hand | 54/58 | €4,004 | €691 | -€3,313 | -82.7% |
| Total equity and liabilities | 10/49 | €17,539 | €7,063 | -€10,476 | -59.7% |
| Equity | 10/15 | €5,746 | €2,393 | -€3,353 | -58.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€14,714 | -€18,067 | -€3,353 | -22.8% |
| Amounts payable | 17/49 | €11,793 | €4,670 | -€7,123 | -60.4% |
| Amounts payable within one year | 42/48 | €11,793 | €4,670 | -€7,123 | -60.4% |
| Trade debts | 44 | €7,827 | - | -€7,827 | |
| Suppliers | 440/4 | €7,827 | - | -€7,827 | |
| Other amounts payable | 47/48 | €3,967 | €4,670 | +€703 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,188 | €150 | -€4,038 | -96.4% |
| Other operating charges | 640/8 | €415 | €1,060 | +€645 | +155% |
| Non-recurring operating charges | 66A | €1,015 | - | -€1,015 | |
| Gross operating margin | 9900 | -€12,565 | €456 | +€13,020 | |
| Operating profit (loss) | 9901 | -€18,182 | -€754 | +€17,428 | +95.9% |
| Financial charges | 65/66B | €127 | €152 | +€25 | +19.3% |
| Recurring financial charges | 65 | €127 | €152 | +€25 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,310 | -€906 | +€17,404 | +95.1% |
| Profit (loss) for the period | 9904 | -€18,310 | -€906 | +€17,404 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,310 | -€906 | +€17,404 | +95.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.