ZENIT BUSINESS INTELLIGENCE: what changed
ZENIT BUSINESS INTELLIGENCE
Largest movements
- Receivables within one year -€24,710
down €24,710 (-52.4%), from €47,179 to €22,470
of which Trade receivables: -€20,360
- Cash +€16,317
up €16,317 (+54.6%), from €29,892 to €46,209
mainly Receivables within one year (+€24,710) and Net result for the year (+€24,160)
- Tangible fixed assets +€6,546
up €6,546 (+75.2%), from €8,710 to €15,256
of which Plant, machinery and equipment: +€7,137
- Reserves -€3,933
down €3,933 (-3.6%), from €108,183 to €104,250
- Other debts +€2,513
up €2,513 (+302%), from €833 to €3,346
- Tax, wage and social debts +€1,418
up €1,418 (+48.1%), from €2,947 to €4,365
- Trade debts -€1,207
down €1,207 (-32.1%), from €3,761 to €2,555
- Gross operating margin -€9,268
down €9,268 (-18.9%), from €49,118 to €39,849
- Other operating charges -€5,187
down €5,187 (-77.4%), from €6,703 to €1,516
- Financial income +€2,687
up €2,687 (+26,867,000%), from €0 to €2,687
- Taxes -€640
down €640 (-5.2%), from €12,286 to €11,645
- Depreciation +€550
up €550 (+15.4%), from €3,564 to €4,114
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,725 | €114,516 | -€1,209 | -1.0% |
| Fixed assets | 21/28 | €8,710 | €15,256 | +€6,546 | +75.2% |
| Tangible fixed assets | 22/27 | €8,710 | €15,256 | +€6,546 | +75.2% |
| Plant, machinery and equipment | 23 | €1,992 | €9,130 | +€7,137 | +358% |
| Furniture and vehicles | 24 | - | €1,180 | +€1,180 | |
| Other tangible fixed assets | 26 | €6,718 | €4,946 | -€1,772 | -26.4% |
| Current assets | 29/58 | €107,014 | €99,260 | -€7,755 | -7.2% |
| Amounts receivable within one year | 40/41 | €47,179 | €22,470 | -€24,710 | -52.4% |
| Trade receivables | 40 | €39,672 | €19,312 | -€20,360 | -51.3% |
| Other amounts receivable | 41 | €7,508 | €3,158 | -€4,350 | -57.9% |
| Current investments | 50/53 | €29,629 | €29,629 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,892 | €46,209 | +€16,317 | +54.6% |
| Deferred charges and accrued income | 490/1 | €314 | €952 | +€638 | +203% |
| Total equity and liabilities | 10/49 | €115,725 | €114,516 | -€1,209 | -1.0% |
| Equity | 10/15 | €108,183 | €104,250 | -€3,933 | -3.6% |
| Reserves | 13 | €108,183 | €104,250 | -€3,933 | -3.6% |
| Distributable reserves | 133 | €108,183 | €104,250 | -€3,933 | -3.6% |
| Amounts payable | 17/49 | €7,542 | €10,266 | +€2,724 | +36.1% |
| Amounts payable within one year | 42/48 | €7,542 | €10,266 | +€2,724 | +36.1% |
| Trade debts | 44 | €3,761 | €2,555 | -€1,207 | -32.1% |
| Suppliers | 440/4 | €3,761 | €2,555 | -€1,207 | -32.1% |
| Taxes, remuneration and social security | 45 | €2,947 | €4,365 | +€1,418 | +48.1% |
| Taxes | 450/3 | €2,947 | €4,365 | +€1,418 | +48.1% |
| Other amounts payable | 47/48 | €833 | €3,346 | +€2,513 | +302% |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,564 | €4,114 | +€550 | +15.4% |
| Other operating charges | 640/8 | €6,703 | €1,516 | -€5,187 | -77.4% |
| Non-recurring operating charges | 66A | - | €530 | +€530 | |
| Gross operating margin | 9900 | €49,118 | €39,849 | -€9,268 | -18.9% |
| Operating profit (loss) | 9901 | €38,850 | €33,689 | -€5,161 | -13.3% |
| Financial income | 75/76B | €0 | €2,687 | +€2,687 | +26,867,000% |
| Recurring financial income | 75 | €0 | €2,687 | +€2,687 | +26,867,000% |
| Financial charges | 65/66B | €762 | €570 | -€192 | -25.2% |
| Recurring financial charges | 65 | €762 | €570 | -€192 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €38,087 | €35,805 | -€2,282 | -6.0% |
| Income taxes | 67/77 | €12,286 | €11,645 | -€640 | -5.2% |
| Profit (loss) for the period | 9904 | €25,801 | €24,160 | -€1,641 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,801 | €24,160 | -€1,641 | -6.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.