ZEN PROPERTIES: 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.
ZEN PROPERTIES
Largest movements
- Cash +€16,672
up €16,672 (+27.1%), from €61,426 to €78,099
mainly Net result for the year (+€32,580) and Other debts (+€2,465)
- Receivables within one year +€4,082
up €4,082 (+30.8%), from €13,234 to €17,316
of which Other amounts receivable: +€3,719
- Profit (loss) carried forward +€31,747
up €31,747 (+73.3%), from €43,287 to €75,034
- Tax, wage and social debts -€13,985
down €13,985 (-92.4%), from €15,136 to €1,151
- Other debts +€2,465
up €2,465 (+17.8%), from €13,829 to €16,294
- Gross operating margin +€50,757
up €50,757, from -€5,842 to €44,915
- Taxes +€9,803
up €9,803 (+5590.7%), from €175 to €9,979
- Depreciation -€843
down €843 (-90.7%), from €929 to €86
- Financial charges +€496
up €496 (+42.1%), from €1,177 to €1,672
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 | €76,219 | €97,036 | +€20,817 | +27.3% |
| Fixed assets | 21/28 | €86 | €250 | +€164 | +190.2% |
| Tangible fixed assets | 22/27 | €86 | €0 | -€86 | -100.0% |
| Furniture and vehicles | 24 | €86 | €0 | -€86 | -100.0% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €76,133 | €96,786 | +€20,653 | +27.1% |
| Amounts receivable within one year | 40/41 | €13,234 | €17,316 | +€4,082 | +30.8% |
| Trade receivables | 40 | €11,400 | €11,763 | +€363 | +3.2% |
| Other amounts receivable | 41 | €1,834 | €5,553 | +€3,719 | +202.7% |
| Cash at bank and in hand | 54/58 | €61,426 | €78,099 | +€16,672 | +27.1% |
| Deferred charges and accrued income | 490/1 | €1,472 | €1,371 | -€101 | -6.9% |
| Total equity and liabilities | 10/49 | €76,219 | €97,036 | +€20,817 | +27.3% |
| Equity | 10/15 | €46,287 | €78,034 | +€31,747 | +68.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,287 | €75,034 | +€31,747 | +73.3% |
| Amounts payable | 17/49 | €29,932 | €19,002 | -€10,930 | -36.5% |
| Amounts payable within one year | 42/48 | €29,932 | €19,002 | -€10,930 | -36.5% |
| Trade debts | 44 | €968 | €1,557 | +€590 | +60.9% |
| Suppliers | 440/4 | €968 | €1,557 | +€590 | +60.9% |
| Taxes, remuneration and social security | 45 | €15,136 | €1,151 | -€13,985 | -92.4% |
| Taxes | 450/3 | €15,136 | €1,151 | -€13,985 | -92.4% |
| Other amounts payable | 47/48 | €13,829 | €16,294 | +€2,465 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €86 | -€843 | -90.7% |
| Other operating charges | 640/8 | €978 | €599 | -€380 | -38.8% |
| Gross operating margin | 9900 | -€5,842 | €44,915 | +€50,757 | |
| Operating profit (loss) | 9901 | -€7,749 | €44,230 | +€51,979 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,177 | €1,672 | +€496 | +42.1% |
| Recurring financial charges | 65 | €1,177 | €1,672 | +€496 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,926 | €42,559 | +€51,484 | |
| Income taxes | 67/77 | €175 | €9,979 | +€9,803 | +5590.7% |
| Profit (loss) for the period | 9904 | -€9,101 | €32,580 | +€41,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,101 | €32,580 | +€41,681 |
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 4 October 2026 via checked.be.