Zen’Aho: 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.
Zen’Aho
Largest movements
- Tangible fixed assets +€1,333
new in 2025: €1,333
- Stocks and contracts -€806
down €806 (-76.0%), from €1,060 to €254
- Receivables within one year -€582
down €582 (-19.3%), from €3,007 to €2,425
of which Trade receivables: -€665
- Cash +€531
up €531 (+22.4%), from €2,373 to €2,904
mainly Net result for the year (+€1,520) and Stocks and contracts (+€806)
- Profit (loss) carried forward +€1,520
up €1,520 (+29.2%), from -€5,201 to -€3,682
- Trade debts -€949
down €949 (-70.4%), from €1,348 to €400
- Tax, wage and social debts -€84
down €84 (-100%), from €84 to €0
- Gross operating margin +€2,382
up €2,382, from -€216 to €2,166
- Depreciation +€162
new in 2025: €162
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 | €6,439 | €6,916 | +€476 | +7.4% |
| Fixed assets | 21/28 | - | €1,333 | +€1,333 | |
| Tangible fixed assets | 22/27 | - | €1,333 | +€1,333 | |
| Furniture and vehicles | 24 | - | €1,333 | +€1,333 | |
| Current assets | 29/58 | €6,439 | €5,583 | -€856 | -13.3% |
| Stocks and contracts in progress | 3 | €1,060 | €254 | -€806 | -76.0% |
| Stocks | 30/36 | €1,060 | €254 | -€806 | -76.0% |
| Amounts receivable within one year | 40/41 | €3,007 | €2,425 | -€582 | -19.3% |
| Trade receivables | 40 | €2,258 | €1,593 | -€665 | -29.4% |
| Other amounts receivable | 41 | €749 | €832 | +€83 | +11.1% |
| Cash at bank and in hand | 54/58 | €2,373 | €2,904 | +€531 | +22.4% |
| Total equity and liabilities | 10/49 | €6,439 | €6,916 | +€476 | +7.4% |
| Equity | 10/15 | -€5,200 | -€3,681 | +€1,520 | +29.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,201 | -€3,682 | +€1,520 | +29.2% |
| Amounts payable | 17/49 | €11,640 | €10,596 | -€1,043 | -9.0% |
| Amounts payable within one year | 42/48 | €11,640 | €10,596 | -€1,043 | -9.0% |
| Financial debts | 43 | €11 | €0 | -€11 | -100% |
| Credit institutions | 430/8 | €11 | €0 | -€11 | -100% |
| Trade debts | 44 | €1,348 | €400 | -€949 | -70.4% |
| Suppliers | 440/4 | €1,348 | €400 | -€949 | -70.4% |
| Taxes, remuneration and social security | 45 | €84 | €0 | -€84 | -100% |
| Taxes | 450/3 | €84 | €0 | -€84 | -100% |
| Other amounts payable | 47/48 | €10,197 | €10,197 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €162 | +€162 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€216 | €2,166 | +€2,382 | |
| Operating profit (loss) | 9901 | -€603 | €1,604 | +€2,207 | |
| Financial income | 75/76B | €19 | €10 | -€8 | -44.2% |
| Recurring financial income | 75 | €19 | €10 | -€8 | -44.2% |
| Financial charges | 65/66B | €90 | €95 | +€5 | +5.2% |
| Recurring financial charges | 65 | €90 | €95 | +€5 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€675 | €1,520 | +€2,194 | |
| Profit (loss) for the period | 9904 | -€675 | €1,520 | +€2,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€675 | €1,520 | +€2,194 |
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 31 October 2026 via checked.be.