ZENELIT: 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.
ZENELIT
Largest movements
- Cash -€75,157
down €75,157 (-46.1%), from €163,039 to €87,882
mainly Other debts (-€68,573) and Contributions, distributions and other (-€58,553)
- Receivables within one year +€10,554
up €10,554 (+45.9%), from €23,005 to €33,559
of which Trade receivables: +€11,409
- Tangible fixed assets -€10,349
down €10,349 (-48.6%), from €21,299 to €10,950
of which Furniture and vehicles: -€11,468
- Other debts -€68,573
down €68,573 (-45.1%), from €151,945 to €83,371
- Tax, wage and social debts -€9,859
down €9,859 (-30.3%), from €32,512 to €22,654
of which Taxes: -€20,641
- Trade debts +€3,480
up €3,480 (+74.5%), from €4,669 to €8,148
- Gross operating margin +€1,982
up €1,982 (+2.4%), from €84,081 to €86,062
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 | €207,726 | €132,773 | -€74,952 | -36.1% |
| Fixed assets | 21/28 | €21,299 | €10,950 | -€10,349 | -48.6% |
| Tangible fixed assets | 22/27 | €21,299 | €10,950 | -€10,349 | -48.6% |
| Plant, machinery and equipment | 23 | €28 | €1,147 | +€1,119 | +4,006% |
| Furniture and vehicles | 24 | €21,271 | €9,803 | -€11,468 | -53.9% |
| Current assets | 29/58 | €186,427 | €121,823 | -€64,603 | -34.7% |
| Stocks and contracts in progress | 3 | €382 | €382 | = | 0.0% |
| Stocks | 30/36 | €382 | €382 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,005 | €33,559 | +€10,554 | +45.9% |
| Trade receivables | 40 | €22,150 | €33,559 | +€11,409 | +51.5% |
| Other amounts receivable | 41 | €855 | - | -€855 | |
| Cash at bank and in hand | 54/58 | €163,039 | €87,882 | -€75,157 | -46.1% |
| Total equity and liabilities | 10/49 | €207,726 | €132,773 | -€74,952 | -36.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €189,126 | €114,173 | -€74,952 | -39.6% |
| Amounts payable within one year | 42/48 | €189,126 | €114,173 | -€74,952 | -39.6% |
| Trade debts | 44 | €4,669 | €8,148 | +€3,480 | +74.5% |
| Suppliers | 440/4 | €4,669 | €8,148 | +€3,480 | +74.5% |
| Taxes, remuneration and social security | 45 | €32,512 | €22,654 | -€9,859 | -30.3% |
| Taxes | 450/3 | €32,512 | €11,871 | -€20,641 | -63.5% |
| Remuneration and social security | 454/9 | - | €10,783 | +€10,783 | |
| Other amounts payable | 47/48 | €151,945 | €83,371 | -€68,573 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,705 | €11,694 | -€11 | -0.1% |
| Other operating charges | 640/8 | €1,054 | €808 | -€246 | -23.3% |
| Gross operating margin | 9900 | €84,081 | €86,062 | +€1,982 | +2.4% |
| Operating profit (loss) | 9901 | €71,321 | €73,561 | +€2,239 | +3.1% |
| Financial charges | 65/66B | €72 | €107 | +€35 | +48.4% |
| Recurring financial charges | 65 | €72 | €107 | +€35 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €71,249 | €73,454 | +€2,204 | +3.1% |
| Income taxes | 67/77 | €14,752 | €14,901 | +€148 | +1.0% |
| Profit (loss) for the period | 9904 | €56,497 | €58,553 | +€2,056 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,497 | €58,553 | +€2,056 | +3.6% |
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 18 October 2026 via checked.be.