ZENIDA: 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.
ZENIDA
Largest movements
- Cash -€13,000
down €13,000 (-73.9%), from €17,598 to €4,597
mainly Net result for the year (-€47,732) and Trade debts (-€4,924)
- Receivables within one year -€9,729
down €9,729 (-97.8%), from €9,945 to €216
of which Trade receivables: -€8,527
- Tangible fixed assets -€4,268
down €4,268 (-21.6%), from €19,719 to €15,450
of which Land and buildings: -€3,764
- Stocks and contracts -€2,360
down €2,360 (-42.2%), from €5,599 to €3,239
- Deferred charges and accrued income +€1,373
up €1,373 (+866%), from €159 to €1,532
- Profit (loss) carried forward -€47,732
down €47,732 (-287%), from -€16,645 to -€64,377
- Other debts +€29,211
up €29,211 (+292%), from €10,000 to €39,211
- Trade debts -€4,924
down €4,924 (-53.1%), from €9,265 to €4,342
- Tax, wage and social debts -€2,625
down €2,625 (-46.9%), from €5,593 to €2,968
of which Taxes: -€4,473
- Accrued charges and deferred income -€1,915
no longer reported in 2025 (was €1,915)
- Staff costs +€30,923
up €30,923 (+1,082%), from €2,859 to €33,781
- Gross operating margin -€18,398
down €18,398, from €11,285 to -€7,112
- Financial charges -€874
down €874 (-48.0%), from €1,823 to €948
- Other operating charges +€746
up €746 (+83.5%), from €894 to €1,641
- Depreciation -€175
down €175 (-3.9%), from €4,444 to €4,268
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 | €61,719 | €33,734 | -€27,985 | -45.3% |
| Fixed assets | 21/28 | €28,419 | €24,150 | -€4,268 | -15.0% |
| Tangible fixed assets | 22/27 | €19,719 | €15,450 | -€4,268 | -21.6% |
| Land and buildings | 22 | €18,639 | €14,875 | -€3,764 | -20.2% |
| Plant, machinery and equipment | 23 | €1,080 | €576 | -€504 | -46.7% |
| Financial fixed assets | 28 | €8,700 | €8,700 | = | 0.0% |
| Current assets | 29/58 | €33,300 | €9,584 | -€23,716 | -71.2% |
| Stocks and contracts in progress | 3 | €5,599 | €3,239 | -€2,360 | -42.2% |
| Stocks | 30/36 | €5,599 | €3,239 | -€2,360 | -42.2% |
| Amounts receivable within one year | 40/41 | €9,945 | €216 | -€9,729 | -97.8% |
| Trade receivables | 40 | €8,667 | €141 | -€8,527 | -98.4% |
| Other amounts receivable | 41 | €1,278 | €76 | -€1,202 | -94.1% |
| Cash at bank and in hand | 54/58 | €17,598 | €4,597 | -€13,000 | -73.9% |
| Deferred charges and accrued income | 490/1 | €159 | €1,532 | +€1,373 | +866% |
| Total equity and liabilities | 10/49 | €61,719 | €33,734 | -€27,985 | -45.3% |
| Equity | 10/15 | €34,945 | -€12,787 | -€47,732 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,991 | €32,991 | = | 0.0% |
| Distributable reserves | 133 | €32,991 | €32,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,645 | -€64,377 | -€47,732 | -287% |
| Amounts payable | 17/49 | €26,774 | €46,521 | +€19,747 | +73.8% |
| Amounts payable within one year | 42/48 | €24,859 | €46,521 | +€21,662 | +87.1% |
| Trade debts | 44 | €9,265 | €4,342 | -€4,924 | -53.1% |
| Suppliers | 440/4 | €9,265 | €4,342 | -€4,924 | -53.1% |
| Taxes, remuneration and social security | 45 | €5,593 | €2,968 | -€2,625 | -46.9% |
| Taxes | 450/3 | €5,593 | €1,121 | -€4,473 | -80.0% |
| Remuneration and social security | 454/9 | - | €1,847 | +€1,847 | |
| Other amounts payable | 47/48 | €10,000 | €39,211 | +€29,211 | +292% |
| Accrued charges and deferred income | 492/3 | €1,915 | - | -€1,915 | |
| Remuneration, social security and pensions | 62 | €2,859 | €33,781 | +€30,923 | +1,082% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,444 | €4,268 | -€175 | -3.9% |
| Other operating charges | 640/8 | €894 | €1,641 | +€746 | +83.5% |
| Gross operating margin | 9900 | €11,285 | -€7,112 | -€18,398 | |
| Operating profit (loss) | 9901 | €3,089 | -€46,803 | -€49,892 | |
| Financial income | 75/76B | €1 | €19 | +€18 | +2,655% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +2,655% |
| Financial charges | 65/66B | €1,823 | €948 | -€874 | -48.0% |
| Recurring financial charges | 65 | €1,823 | €948 | -€874 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €1,267 | -€47,732 | -€48,999 | |
| Profit (loss) for the period | 9904 | €1,267 | -€47,732 | -€48,999 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,267 | -€47,732 | -€48,999 |
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 31 October 2026 via checked.be.