ZENCA: 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.
ZENCA
Largest movements
- Cash +€16,885
up €16,885 (+1298.5%), from €1,300 to €18,186
mainly Net result for the year (+€24,298)
- Profit (loss) carried forward +€24,298
up €24,298 (+1.1%), from -€2.2m to -€2.2m
- Trade debts -€6,650
down €6,650 (-83.1%), from €8,000 to €1,350
- Taxes -€4,900
down €4,900, from €3,750 to -€1,150
- Financial income -€2,810
down €2,810 (-16.5%), from €17,073 to €14,263
- Gross operating margin +€513
up €513 (+5.7%), from €9,071 to €9,584
- Financial charges -€302
down €302 (-87.0%), from €347 to €45
- Other operating charges +€266
up €266 (+68.8%), from €387 to €654
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 | €427,027 | €444,676 | +€17,648 | +4.1% |
| Current assets | 29/58 | €427,027 | €444,676 | +€17,648 | +4.1% |
| Amounts receivable within one year | 40/41 | €54,727 | €55,490 | +€763 | +1.4% |
| Trade receivables | 40 | €12,000 | €11,000 | -€1,000 | -8.3% |
| Other amounts receivable | 41 | €42,727 | €44,490 | +€1,763 | +4.1% |
| Current investments | 50/53 | €371,000 | €371,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,300 | €18,186 | +€16,885 | +1298.5% |
| Total equity and liabilities | 10/49 | €427,027 | €444,676 | +€17,648 | +4.1% |
| Equity | 10/15 | €419,027 | €443,326 | +€24,298 | +5.8% |
| Contributions | 10/11 | €2,483,000 | €2,483,000 | = | 0.0% |
| Capital | 10 | €2,483,000 | €2,483,000 | = | 0.0% |
| Issued capital | 100 | €2,483,000 | €2,483,000 | = | 0.0% |
| Reserves | 13 | €172,017 | €172,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €119,500 | €119,500 | = | 0.0% |
| Legal reserve | 130 | €119,500 | €119,500 | = | 0.0% |
| Distributable reserves | 133 | €52,517 | €52,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,235,989 | -€2,211,691 | +€24,298 | +1.1% |
| Amounts payable | 17/49 | €8,000 | €1,350 | -€6,650 | -83.1% |
| Amounts payable within one year | 42/48 | €8,000 | €1,350 | -€6,650 | -83.1% |
| Trade debts | 44 | €8,000 | €1,350 | -€6,650 | -83.1% |
| Suppliers | 440/4 | €8,000 | €1,350 | -€6,650 | -83.1% |
| Other operating charges | 640/8 | €387 | €654 | +€266 | +68.8% |
| Gross operating margin | 9900 | €9,071 | €9,584 | +€513 | +5.7% |
| Operating profit (loss) | 9901 | €8,684 | €8,931 | +€247 | +2.8% |
| Financial income | 75/76B | €17,073 | €14,263 | -€2,810 | -16.5% |
| Recurring financial income | 75 | €17,073 | €14,263 | -€2,810 | -16.5% |
| Financial charges | 65/66B | €347 | €45 | -€302 | -87.0% |
| Recurring financial charges | 65 | €347 | €45 | -€302 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €25,409 | €23,149 | -€2,261 | -8.9% |
| Income taxes | 67/77 | €3,750 | -€1,150 | -€4,900 | |
| Profit (loss) for the period | 9904 | €21,659 | €24,298 | +€2,639 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,659 | €24,298 | +€2,639 | +12.2% |
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 9 October 2026 via checked.be.