ZENIM: 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.
ZENIM
Largest movements
- Cash +€22,394
up €22,394 (+201%), from €11,160 to €33,554
mainly Net result for the year (+€75,772) and Depreciation (+€21,724)
- Receivables within one year +€20,423
up €20,423 (+207%), from €9,866 to €30,289
of which Other amounts receivable: +€19,135
- Tangible fixed assets -€20,029
down €20,029 (-11.2%), from €179,447 to €159,418
of which Plant, machinery and equipment: -€10,359
- Profit (loss) carried forward +€75,772
up €75,772, from -€358 to €75,415
- Other debts -€72,253
down €72,253 (-84.3%), from €85,722 to €13,468
- Tax, wage and social debts +€15,808
up €15,808 (+41.8%), from €37,797 to €53,605
- Trade debts +€3,992
up €3,992 (+7.9%), from €50,831 to €54,823
- Taxes -€9,767
down €9,767 (-48.5%), from €20,154 to €10,386
- Other operating charges -€6,247
down €6,247 (-29.3%), from €21,290 to €15,043
- Gross operating margin -€4,596
down €4,596 (-3.5%), from €129,785 to €125,189
- Depreciation +€3,807
up €3,807 (+21.2%), from €17,917 to €21,724
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 | €200,875 | €224,171 | +€23,296 | +11.6% |
| Fixed assets | 21/28 | €179,447 | €159,418 | -€20,029 | -11.2% |
| Tangible fixed assets | 22/27 | €179,447 | €159,418 | -€20,029 | -11.2% |
| Land and buildings | 22 | €138,700 | €133,000 | -€5,700 | -4.1% |
| Plant, machinery and equipment | 23 | €36,213 | €25,854 | -€10,359 | -28.6% |
| Furniture and vehicles | 24 | €4,534 | €564 | -€3,970 | -87.6% |
| Current assets | 29/58 | €21,428 | €64,754 | +€43,325 | +202% |
| Amounts receivable within one year | 40/41 | €9,866 | €30,289 | +€20,423 | +207% |
| Trade receivables | 40 | €9,865 | €11,152 | +€1,288 | +13.1% |
| Other amounts receivable | 41 | €1 | €19,137 | +€19,135 | +1,386,629% |
| Cash at bank and in hand | 54/58 | €11,160 | €33,554 | +€22,394 | +201% |
| Deferred charges and accrued income | 490/1 | €402 | €910 | +€508 | +126% |
| Total equity and liabilities | 10/49 | €200,875 | €224,171 | +€23,296 | +11.6% |
| Equity | 10/15 | €26,502 | €102,275 | +€75,772 | +286% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€358 | €75,415 | +€75,772 | |
| Amounts payable | 17/49 | €174,373 | €121,897 | -€52,476 | -30.1% |
| Amounts payable within one year | 42/48 | €174,350 | €121,897 | -€52,453 | -30.1% |
| Trade debts | 44 | €50,831 | €54,823 | +€3,992 | +7.9% |
| Suppliers | 440/4 | €50,831 | €54,823 | +€3,992 | +7.9% |
| Taxes, remuneration and social security | 45 | €37,797 | €53,605 | +€15,808 | +41.8% |
| Taxes | 450/3 | €37,797 | €53,605 | +€15,808 | +41.8% |
| Other amounts payable | 47/48 | €85,722 | €13,468 | -€72,253 | -84.3% |
| Accrued charges and deferred income | 492/3 | €23 | - | -€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,917 | €21,724 | +€3,807 | +21.2% |
| Other operating charges | 640/8 | €21,290 | €15,043 | -€6,247 | -29.3% |
| Gross operating margin | 9900 | €129,785 | €125,189 | -€4,596 | -3.5% |
| Operating profit (loss) | 9901 | €90,578 | €88,422 | -€2,156 | -2.4% |
| Financial income | 75/76B | €8 | €1 | -€7 | -87.0% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -87.0% |
| Financial charges | 65/66B | €2,511 | €2,264 | -€247 | -9.8% |
| Recurring financial charges | 65 | €2,511 | €2,264 | -€247 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €88,075 | €86,159 | -€1,916 | -2.2% |
| Income taxes | 67/77 | €20,154 | €10,386 | -€9,767 | -48.5% |
| Profit (loss) for the period | 9904 | €67,921 | €75,772 | +€7,851 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,921 | €75,772 | +€7,851 | +11.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.