ZEN FACTORY: 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 FACTORY
Largest movements
- Receivables within one year -€153,285
down €153,285 (-49.8%), from €308,107 to €154,822
of which Other amounts receivable: -€297,564
- Stocks and contracts -€12,034
down €12,034 (-76.7%), from €15,689 to €3,655
- Other debts -€160,000
no longer reported in 2025 (was €160,000)
- Trade debts -€19,603
down €19,603 (-20.1%), from €97,589 to €77,986
- Short-term financial debts +€14,052
new in 2025: €14,052
- Purchases and services +€143,999
up €143,999 (+2,622%), from €5,493 to €149,492
- Financial income -€6,212
down €6,212 (-59.4%), from €10,458 to €4,246
- Other operating charges -€3,228
down €3,228 (-88.4%), from €3,653 to €425
- Taxes -€331
down €331 (-97.8%), from €338 to €7
- Financial charges +€292
up €292 (+78.6%), from €371 to €663
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,026 | €158,477 | -€167,549 | -51.4% |
| Current assets | 29/58 | €326,026 | €158,477 | -€167,549 | -51.4% |
| Stocks and contracts in progress | 3 | €15,689 | €3,655 | -€12,034 | -76.7% |
| Stocks | 30/36 | €15,689 | €3,655 | -€12,034 | -76.7% |
| Amounts receivable within one year | 40/41 | €308,107 | €154,822 | -€153,285 | -49.8% |
| Trade receivables | 40 | €9,579 | €153,858 | +€144,279 | +1,506% |
| Other amounts receivable | 41 | €298,528 | €964 | -€297,564 | -99.7% |
| Deferred charges and accrued income | 490/1 | €2,230 | - | -€2,230 | |
| Total equity and liabilities | 10/49 | €326,026 | €158,477 | -€167,549 | -51.4% |
| Equity | 10/15 | €68,099 | €65,956 | -€2,143 | -3.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449 | -€1,694 | -€2,143 | |
| Amounts payable | 17/49 | €257,927 | €92,521 | -€165,406 | -64.1% |
| Amounts payable within one year | 42/48 | €257,927 | €92,383 | -€165,544 | -64.2% |
| Financial debts | 43 | - | €14,052 | +€14,052 | |
| Credit institutions | 430/8 | - | €14,052 | +€14,052 | |
| Trade debts | 44 | €97,589 | €77,986 | -€19,603 | -20.1% |
| Suppliers | 440/4 | €97,589 | €77,986 | -€19,603 | -20.1% |
| Taxes, remuneration and social security | 45 | €338 | €346 | +€7 | +2.2% |
| Taxes | 450/3 | €338 | €346 | +€7 | +2.2% |
| Other amounts payable | 47/48 | €160,000 | - | -€160,000 | |
| Accrued charges and deferred income | 492/3 | - | €138 | +€138 | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,493 | €149,492 | +€143,999 | +2,622% |
| Other operating charges | 640/8 | €3,653 | €425 | -€3,228 | -88.4% |
| Gross operating margin | 9900 | -€5,493 | -€5,295 | +€198 | +3.6% |
| Operating profit (loss) | 9901 | -€9,145 | -€5,719 | +€3,426 | +37.5% |
| Financial income | 75/76B | €10,458 | €4,246 | -€6,212 | -59.4% |
| Recurring financial income | 75 | €10,458 | €4,246 | -€6,212 | -59.4% |
| Financial charges | 65/66B | €371 | €663 | +€292 | +78.6% |
| Recurring financial charges | 65 | €371 | €663 | +€292 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €942 | -€2,136 | -€3,077 | |
| Income taxes | 67/77 | €338 | €7 | -€331 | -97.8% |
| Profit (loss) for the period | 9904 | €603 | -€2,143 | -€2,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €603 | -€2,143 | -€2,746 |
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 22 October 2026 via checked.be.