Zenaga: 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.
Zenaga
Largest movements
- Receivables within one year -€563
down €563 (-79.6%), from €708 to €145
- Stocks and contracts +€218
up €218 (+10.4%), from €2,086 to €2,304
- Cash +€101
up €101 (+1.5%), from €6,505 to €6,606
mainly Receivables within one year (+€563) and Net result for the year (+€405)
- Trade debts -€650
down €650 (-82.8%), from €785 to €135
- Profit (loss) carried forward +€405
up €405 (+24.7%), from -€1,643 to -€1,238
- Other operating charges -€485
no longer reported in 2025 (was €485)
- Turnover +€404
up €404 (+13.2%), from €3,054 to €3,458
- Gross operating margin +€336
up €336 (+245.9%), from €137 to €473
- Financial charges -€71
down €71 (-51.3%), from €138 to €67
- Purchases and services +€68
up €68 (+2.3%), from €2,917 to €2,985
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 | €9,299 | €9,054 | -€245 | -2.6% |
| Current assets | 29/58 | €9,299 | €9,054 | -€245 | -2.6% |
| Stocks and contracts in progress | 3 | €2,086 | €2,304 | +€218 | +10.4% |
| Stocks | 30/36 | €2,086 | €2,304 | +€218 | +10.4% |
| Amounts receivable within one year | 40/41 | €708 | €145 | -€563 | -79.6% |
| Other amounts receivable | 41 | €708 | €145 | -€563 | -79.6% |
| Cash at bank and in hand | 54/58 | €6,505 | €6,606 | +€101 | +1.5% |
| Total equity and liabilities | 10/49 | €9,299 | €9,054 | -€245 | -2.6% |
| Equity | 10/15 | €8,357 | €8,762 | +€405 | +4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,643 | -€1,238 | +€405 | +24.7% |
| Amounts payable | 17/49 | €942 | €292 | -€650 | -69.0% |
| Amounts payable within one year | 42/48 | €942 | €292 | -€650 | -69.0% |
| Trade debts | 44 | €785 | €135 | -€650 | -82.8% |
| Suppliers | 440/4 | €785 | €135 | -€650 | -82.8% |
| Other amounts payable | 47/48 | €157 | €157 | = | 0.0% |
| Turnover | 70 | €3,054 | €3,458 | +€404 | +13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,917 | €2,985 | +€68 | +2.3% |
| Other operating charges | 640/8 | €485 | - | -€485 | |
| Gross operating margin | 9900 | €137 | €473 | +€336 | +245.9% |
| Operating profit (loss) | 9901 | -€348 | €473 | +€820 | |
| Financial charges | 65/66B | €138 | €67 | -€71 | -51.3% |
| Recurring financial charges | 65 | €138 | €67 | -€71 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | -€486 | €405 | +€892 | |
| Profit (loss) for the period | 9904 | -€486 | €405 | +€892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€486 | €405 | +€892 |
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 10 October 2026 via checked.be.