ZENIA: 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.
ZENIA
Largest movements
- Cash +€5,308
up €5,308 (+296%), from €1,795 to €7,103
mainly Net result for the year (+€4,981) and Tax, wage and social debts (+€3,428)
- Receivables within one year +€2,378
up €2,378 (+10.1%), from €23,604 to €25,982
of which Trade receivables: +€2,346
- Profit (loss) carried forward +€4,782
no longer reported in 2025 (was -€4,782)
- Short-term financial debts -€4,346
no longer reported in 2025 (was €4,346)
- Tax, wage and social debts +€3,428
up €3,428 (+93.5%), from €3,666 to €7,094
- Trade debts +€3,179
up €3,179 (+17.5%), from €18,169 to €21,348
- Accrued charges and deferred income +€460
new in 2025: €460
- Gross operating margin +€16,728
up €16,728, from -€9,536 to €7,192
- Taxes +€718
new in 2025: €718
- Other operating charges +€638
up €638 (+113%), from €563 to €1,201
- Financial income -€217
down €217 (-86.8%), from €250 to €33
- Financial charges +€173
up €173 (+114%), from €152 to €325
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 | €25,399 | €33,101 | +€7,702 | +30.3% |
| Current assets | 29/58 | €25,399 | €33,101 | +€7,702 | +30.3% |
| Amounts receivable within one year | 40/41 | €23,604 | €25,982 | +€2,378 | +10.1% |
| Trade receivables | 40 | €19,510 | €21,856 | +€2,346 | +12.0% |
| Other amounts receivable | 41 | €4,094 | €4,126 | +€32 | +0.8% |
| Cash at bank and in hand | 54/58 | €1,795 | €7,103 | +€5,308 | +296% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €25,399 | €33,101 | +€7,702 | +30.3% |
| Equity | 10/15 | -€782 | €4,199 | +€4,981 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €199 | +€199 | |
| Distributable reserves | 133 | - | €199 | +€199 | |
| Profit (loss) carried forward | 14 | -€4,782 | - | +€4,782 | |
| Amounts payable | 17/49 | €26,181 | €28,902 | +€2,721 | +10.4% |
| Amounts payable within one year | 42/48 | €26,181 | €28,442 | +€2,261 | +8.6% |
| Financial debts | 43 | €4,346 | - | -€4,346 | |
| Credit institutions | 430/8 | €4,346 | - | -€4,346 | |
| Trade debts | 44 | €18,169 | €21,348 | +€3,179 | +17.5% |
| Suppliers | 440/4 | €18,169 | €21,348 | +€3,179 | +17.5% |
| Taxes, remuneration and social security | 45 | €3,666 | €7,094 | +€3,428 | +93.5% |
| Taxes | 450/3 | €3,666 | €7,094 | +€3,428 | +93.5% |
| Accrued charges and deferred income | 492/3 | - | €460 | +€460 | |
| Other operating charges | 640/8 | €563 | €1,201 | +€638 | +113% |
| Gross operating margin | 9900 | -€9,536 | €7,192 | +€16,728 | |
| Operating profit (loss) | 9901 | -€10,099 | €5,991 | +€16,090 | |
| Financial income | 75/76B | €250 | €33 | -€217 | -86.8% |
| Recurring financial income | 75 | €250 | €33 | -€217 | -86.8% |
| Financial charges | 65/66B | €152 | €325 | +€173 | +114% |
| Recurring financial charges | 65 | €152 | €325 | +€173 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€10,001 | €5,699 | +€15,700 | |
| Income taxes | 67/77 | - | €718 | +€718 | |
| Profit (loss) for the period | 9904 | -€10,001 | €4,981 | +€14,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,001 | €4,981 | +€14,982 |
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 14 October 2026 via checked.be.