Zen-Tech International: 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-Tech International
Largest movements
- Cash -€35,368
down €35,368 (-33.2%), from €106,558 to €71,190
mainly Net result for the year (-€17,321) and Current investments (-€9,780)
- Current investments +€9,780
new in 2025: €9,780
- Receivables within one year -€7,853
down €7,853 (-54.1%), from €14,515 to €6,662
of which Trade receivables: -€7,878
- Tangible fixed assets -€3,985
down €3,985 (-27.0%), from €14,769 to €10,785
of which Furniture and vehicles: -€2,208
- Profit (loss) carried forward -€17,321
down €17,321 (-53.6%), from €32,340 to €15,019
- Reserves -€9,000
down €9,000 (-17.0%), from €52,860 to €43,860
- Tax, wage and social debts -€6,163
down €6,163 (-53.2%), from €11,576 to €5,413
- Other debts -€5,520
down €5,520 (-19.6%), from €28,118 to €22,598
- Gross operating margin -€34,353
down €34,353, from €26,236 to -€8,117
- Depreciation -€4,582
down €4,582 (-41.1%), from €11,157 to €6,575
- Taxes -€2,684
down €2,684 (-90.7%), from €2,959 to €275
- Other operating charges +€415
up €415 (+25.9%), from €1,604 to €2,019
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 | €139,019 | €100,544 | -€38,475 | -27.7% |
| Fixed assets | 21/28 | €14,769 | €10,785 | -€3,985 | -27.0% |
| Tangible fixed assets | 22/27 | €14,769 | €10,785 | -€3,985 | -27.0% |
| Furniture and vehicles | 24 | €5,109 | €2,900 | -€2,208 | -43.2% |
| Other tangible fixed assets | 26 | €9,661 | €7,884 | -€1,776 | -18.4% |
| Current assets | 29/58 | €124,250 | €89,760 | -€34,490 | -27.8% |
| Stocks and contracts in progress | 3 | €794 | €618 | -€176 | -22.2% |
| Stocks | 30/36 | €794 | €618 | -€176 | -22.2% |
| Amounts receivable within one year | 40/41 | €14,515 | €6,662 | -€7,853 | -54.1% |
| Trade receivables | 40 | €12,515 | €4,638 | -€7,878 | -62.9% |
| Other amounts receivable | 41 | €2,000 | €2,025 | +€25 | +1.2% |
| Current investments | 50/53 | - | €9,780 | +€9,780 | |
| Cash at bank and in hand | 54/58 | €106,558 | €71,190 | -€35,368 | -33.2% |
| Deferred charges and accrued income | 490/1 | €2,383 | €1,510 | -€873 | -36.6% |
| Total equity and liabilities | 10/49 | €139,019 | €100,544 | -€38,475 | -27.7% |
| Equity | 10/15 | €95,200 | €68,879 | -€26,321 | -27.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €52,860 | €43,860 | -€9,000 | -17.0% |
| Distributable reserves | 133 | €52,860 | €43,860 | -€9,000 | -17.0% |
| Profit (loss) carried forward | 14 | €32,340 | €15,019 | -€17,321 | -53.6% |
| Amounts payable | 17/49 | €43,820 | €31,665 | -€12,154 | -27.7% |
| Amounts payable within one year | 42/48 | €43,756 | €31,665 | -€12,091 | -27.6% |
| Trade debts | 44 | €4,062 | €3,654 | -€408 | -10.0% |
| Suppliers | 440/4 | €4,062 | €3,654 | -€408 | -10.0% |
| Taxes, remuneration and social security | 45 | €11,576 | €5,413 | -€6,163 | -53.2% |
| Taxes | 450/3 | €11,576 | €5,413 | -€6,163 | -53.2% |
| Other amounts payable | 47/48 | €28,118 | €22,598 | -€5,520 | -19.6% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,157 | €6,575 | -€4,582 | -41.1% |
| Other operating charges | 640/8 | €1,604 | €2,019 | +€415 | +25.9% |
| Gross operating margin | 9900 | €26,236 | -€8,117 | -€34,353 | |
| Operating profit (loss) | 9901 | €13,475 | -€16,711 | -€30,186 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €118 | €334 | +€217 | +184% |
| Recurring financial charges | 65 | €118 | €334 | +€217 | +184% |
| Profit (loss) for the period before taxes | 9903 | €13,357 | -€17,045 | -€30,403 | |
| Income taxes | 67/77 | €2,959 | €275 | -€2,684 | -90.7% |
| Profit (loss) for the period | 9904 | €10,398 | -€17,321 | -€27,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,398 | -€17,321 | -€27,719 |
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 26 October 2026 via checked.be.