Zenit Group: what changed
Zenit Group
Largest movements
- Deferred charges and accrued income +€126,325
up €126,325 (+227%), from €55,590 to €181,915
- Receivables within one year -€98,665
down €98,665 (-28.8%), from €342,979 to €244,314
of which Trade receivables: -€177,017
- Financial fixed assets -€15,000
down €15,000 (-20.1%), from €74,800 to €59,800
- Tangible fixed assets -€7,117
down €7,117 (-10.8%), from €65,875 to €58,758
of which Other tangible fixed assets: -€17,660
- Trade debts +€127,446
up €127,446 (+79.8%), from €159,706 to €287,152
- Reserves -€57,256
down €57,256 (-32.1%), from €178,110 to €120,854
of which Distributable reserves: -€55,756
- Tax, wage and social debts -€48,987
down €48,987 (-79.4%), from €61,715 to €12,728
of which Remuneration and social security: -€24,666
- Debts after one year -€17,733
down €17,733 (-15.4%), from €115,215 to €97,483
- Gross operating margin +€139,570
up €139,570 (+139%), from €100,412 to €239,982
- Financial charges +€50,211
up €50,211 (+249%), from €20,187 to €70,397
of which Financial charges: +€44,455
- Staff costs +€23,646
up €23,646 (+13.8%), from €171,693 to €195,339
- Depreciation -€10,963
down €10,963 (-32.4%), from €33,879 to €22,916
- Other operating charges +€7,491
up €7,491 (+129%), from €5,828 to €13,319
Change in the result, 2023 to 2024
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,930 | €671,043 | +€2,112 | +0.3% |
| Fixed assets | 21/28 | €142,442 | €119,568 | -€22,874 | -16.1% |
| Intangible fixed assets | 21 | €1,767 | €1,010 | -€757 | -42.8% |
| Tangible fixed assets | 22/27 | €65,875 | €58,758 | -€7,117 | -10.8% |
| Plant, machinery and equipment | 23 | €2,475 | €10,631 | +€8,157 | +330% |
| Furniture and vehicles | 24 | €3,534 | €5,920 | +€2,386 | +67.5% |
| Other tangible fixed assets | 26 | €59,866 | €42,207 | -€17,660 | -29.5% |
| Financial fixed assets | 28 | €74,800 | €59,800 | -€15,000 | -20.1% |
| Current assets | 29/58 | €526,488 | €551,475 | +€24,986 | +4.7% |
| Amounts receivable after more than one year | 29 | €96,000 | €98,880 | +€2,880 | +3.0% |
| Other amounts receivable | 291 | €96,000 | €98,880 | +€2,880 | +3.0% |
| Stocks and contracts in progress | 3 | €31,920 | €26,366 | -€5,554 | -17.4% |
| Stocks | 30/36 | €31,920 | €26,366 | -€5,554 | -17.4% |
| Amounts receivable within one year | 40/41 | €342,979 | €244,314 | -€98,665 | -28.8% |
| Trade receivables | 40 | €273,104 | €96,087 | -€177,017 | -64.8% |
| Other amounts receivable | 41 | €69,875 | €148,227 | +€78,353 | +112% |
| Deferred charges and accrued income | 490/1 | €55,590 | €181,915 | +€126,325 | +227% |
| Total equity and liabilities | 10/49 | €668,930 | €671,043 | +€2,112 | +0.3% |
| Equity | 10/15 | €196,710 | €139,454 | -€57,256 | -29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,110 | €120,854 | -€57,256 | -32.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Distributable reserves | 133 | €173,250 | €117,494 | -€55,756 | -32.2% |
| Provisions and deferred taxes | 16 | €1,000 | €500 | -€500 | -50.0% |
| Deferred taxes | 168 | €1,000 | €500 | -€500 | -50.0% |
| Amounts payable | 17/49 | €471,220 | €531,089 | +€59,869 | +12.7% |
| Amounts payable after more than one year | 17 | €115,215 | €97,483 | -€17,733 | -15.4% |
| Financial debts | 170/4 | €115,215 | €97,483 | -€17,733 | -15.4% |
| Amounts payable within one year | 42/48 | €354,349 | €429,325 | +€74,976 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €17,382 | €17,733 | +€351 | +2.0% |
| Financial debts | 43 | €114,585 | €111,713 | -€2,872 | -2.5% |
| Credit institutions | 430/8 | €114,585 | €111,713 | -€2,872 | -2.5% |
| Trade debts | 44 | €159,706 | €287,152 | +€127,446 | +79.8% |
| Suppliers | 440/4 | €159,706 | €287,152 | +€127,446 | +79.8% |
| Taxes, remuneration and social security | 45 | €61,715 | €12,728 | -€48,987 | -79.4% |
| Taxes | 450/3 | €34,795 | €10,474 | -€24,321 | -69.9% |
| Remuneration and social security | 454/9 | €26,920 | €2,254 | -€24,666 | -91.6% |
| Other amounts payable | 47/48 | €961 | - | -€961 | |
| Accrued charges and deferred income | 492/3 | €1,656 | €4,281 | +€2,625 | +158% |
| Remuneration, social security and pensions | 62 | €171,693 | €195,339 | +€23,646 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,879 | €22,916 | -€10,963 | -32.4% |
| Other operating charges | 640/8 | €5,828 | €13,319 | +€7,491 | +129% |
| Gross operating margin | 9900 | €100,412 | €239,982 | +€139,570 | +139% |
| Operating profit (loss) | 9901 | -€110,989 | €8,407 | +€119,396 | |
| Financial income | 75/76B | €3,860 | €4,868 | +€1,008 | +26.1% |
| Recurring financial income | 75 | €3,860 | €4,868 | +€1,008 | +26.1% |
| Financial charges | 65/66B | €20,187 | €70,397 | +€50,211 | +249% |
| Recurring financial charges | 65 | €10,943 | €55,398 | +€44,455 | +406% |
| Non-recurring financial charges | 66B | €9,244 | €14,999 | +€5,755 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | -€127,317 | -€57,122 | +€70,194 | +55.1% |
| Transfer from deferred taxes | 780 | €500 | €500 | = | 0.0% |
| Income taxes | 67/77 | €767 | €634 | -€133 | -17.4% |
| Profit (loss) for the period | 9904 | -€127,584 | -€57,256 | +€70,328 | +55.1% |
| Transfer from tax-exempt reserves | 789 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,084 | -€55,756 | +€70,328 | +55.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.