ZENIT. TRAINING, CONSULTANCY & COACHING: 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.
ZENIT. TRAINING, CONSULTANCY & COACHING
Largest movements
- Cash -€60,948
down €60,948 (-29.2%), from €209,063 to €148,114
mainly Contributions, distributions and other (-€34,592) and Net result for the year (-€15,766)
- Tangible fixed assets -€13,466
down €13,466 (-17.3%), from €78,008 to €64,542
of which Furniture and vehicles: -€12,105
- Receivables within one year +€8,695
up €8,695 (+69.7%), from €12,473 to €21,168
of which Other amounts receivable: +€9,218
- Reserves -€66,092
down €66,092 (-24.2%), from €273,155 to €207,063
of which Distributable reserves: -€34,592
- Profit (loss) carried forward +€15,734
up €15,734 (+103%), from €15,337 to €31,070
- Accrued charges and deferred income -€7,226
down €7,226 (-100%), from €7,226 to €0
- Tax, wage and social debts -€6,862
down €6,862 (-89.6%), from €7,655 to €793
of which Taxes: -€4,548
- Debts after one year -€5,246
down €5,246 (-30.0%), from €17,467 to €12,220
- Gross operating margin -€25,563
down €25,563 (-94.5%), from €27,037 to €1,474
- Financial income +€4,272
up €4,272 (+280%), from €1,526 to €5,798
- Taxes -€3,050
down €3,050 (-91.4%), from €3,339 to €288
- Depreciation +€547
up €547 (+2.8%), from €19,650 to €20,197
- Financial charges +€401
up €401 (+30.6%), from €1,308 to €1,709
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 | €393,337 | €323,791 | -€69,547 | -17.7% |
| Fixed assets | 21/28 | €78,008 | €64,542 | -€13,466 | -17.3% |
| Tangible fixed assets | 22/27 | €78,008 | €64,542 | -€13,466 | -17.3% |
| Plant, machinery and equipment | 23 | €870 | €476 | -€394 | -45.3% |
| Furniture and vehicles | 24 | €44,319 | €32,214 | -€12,105 | -27.3% |
| Other tangible fixed assets | 26 | €32,820 | €31,852 | -€968 | -2.9% |
| Current assets | 29/58 | €315,329 | €259,249 | -€56,080 | -17.8% |
| Amounts receivable within one year | 40/41 | €12,473 | €21,168 | +€8,695 | +69.7% |
| Trade receivables | 40 | €4,970 | €4,447 | -€523 | -10.5% |
| Other amounts receivable | 41 | €7,503 | €16,720 | +€9,218 | +123% |
| Current investments | 50/53 | €86,325 | €86,325 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €209,063 | €148,114 | -€60,948 | -29.2% |
| Deferred charges and accrued income | 490/1 | €7,468 | €3,642 | -€3,827 | -51.2% |
| Total equity and liabilities | 10/49 | €393,337 | €323,791 | -€69,547 | -17.7% |
| Equity | 10/15 | €350,491 | €300,133 | -€50,358 | -14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €273,155 | €207,063 | -€66,092 | -24.2% |
| Non-distributable reserves | 130/1 | €37,700 | €6,200 | -€31,500 | -83.6% |
| Legal reserve | 130 | €37,700 | €6,200 | -€31,500 | -83.6% |
| Distributable reserves | 133 | €235,455 | €200,863 | -€34,592 | -14.7% |
| Profit (loss) carried forward | 14 | €15,337 | €31,070 | +€15,734 | +103% |
| Amounts payable | 17/49 | €42,846 | €23,657 | -€19,189 | -44.8% |
| Amounts payable after more than one year | 17 | €17,467 | €12,220 | -€5,246 | -30.0% |
| Financial debts | 170/4 | €17,467 | €12,220 | -€5,246 | -30.0% |
| Amounts payable within one year | 42/48 | €18,154 | €11,437 | -€6,717 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €5,013 | €5,246 | +€234 | +4.7% |
| Trade debts | 44 | €5,486 | €5,398 | -€88 | -1.6% |
| Suppliers | 440/4 | €5,486 | €5,398 | -€88 | -1.6% |
| Taxes, remuneration and social security | 45 | €7,655 | €793 | -€6,862 | -89.6% |
| Taxes | 450/3 | €5,340 | €793 | -€4,548 | -85.2% |
| Remuneration and social security | 454/9 | €2,315 | €0 | -€2,315 | -100% |
| Accrued charges and deferred income | 492/3 | €7,226 | €0 | -€7,226 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,650 | €20,197 | +€547 | +2.8% |
| Other operating charges | 640/8 | €549 | €843 | +€295 | +53.6% |
| Gross operating margin | 9900 | €27,037 | €1,474 | -€25,563 | -94.5% |
| Operating profit (loss) | 9901 | €6,839 | -€19,566 | -€26,405 | |
| Financial income | 75/76B | €1,526 | €5,798 | +€4,272 | +280% |
| Recurring financial income | 75 | €1,526 | €5,798 | +€4,272 | +280% |
| Financial charges | 65/66B | €1,308 | €1,709 | +€401 | +30.6% |
| Recurring financial charges | 65 | €1,308 | €1,709 | +€401 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €7,057 | -€15,478 | -€22,534 | |
| Income taxes | 67/77 | €3,339 | €288 | -€3,050 | -91.4% |
| Profit (loss) for the period | 9904 | €3,718 | -€15,766 | -€19,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,718 | -€15,766 | -€19,484 |
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 27 October 2026 via checked.be.