Zenit Verzekeringen: what changed
Zenit Verzekeringen
Largest movements
- Intangible fixed assets -€127,465
down €127,465 (-48.9%), from €260,818 to €133,353
- Cash -€39,231
down €39,231 (-14.0%), from €279,963 to €240,732
mainly Net result for the year (-€140,309) and Investment in fixed assets (net) (-€44,205)
- Receivables within one year +€21,812
up €21,812 (+57.6%), from €37,891 to €59,703
of which Other amounts receivable: +€48,812
- Tangible fixed assets +€10,198
up €10,198 (+7.9%), from €129,338 to €139,536
of which Furniture and vehicles: +€22,275
- Profit (loss) carried forward -€140,309
down €140,309, from €0 to -€140,309
- Current portion of long-term debt +€25,546
up €25,546 (+29.2%), from €87,430 to €112,976
- Trade debts +€25,089
up €25,089 (+206%), from €12,209 to €37,298
- Other debts -€23,529
down €23,529 (-100%), from €23,529 to €0
- Debts after one year -€18,904
down €18,904 (-3.1%), from €603,861 to €584,957
- Staff costs +€21,497
up €21,497 (+10.5%), from €205,035 to €226,531
- Taxes -€17,032
down €17,032 (-94.3%), from €18,070 to €1,038
- Gross operating margin -€15,396
down €15,396 (-3.5%), from €436,836 to €421,440
- Financial charges -€7,417
down €7,417 (-34.2%), from €21,693 to €14,276
- Other operating charges -€5,738
down €5,738 (-42.1%), from €13,641 to €7,903
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 | €781,484 | €646,406 | -€135,077 | -17.3% |
| Fixed assets | 21/28 | €394,106 | €276,839 | -€117,267 | -29.8% |
| Intangible fixed assets | 21 | €260,818 | €133,353 | -€127,465 | -48.9% |
| Tangible fixed assets | 22/27 | €129,338 | €139,536 | +€10,198 | +7.9% |
| Plant, machinery and equipment | 23 | €1,851 | €1,244 | -€606 | -32.8% |
| Furniture and vehicles | 24 | €50,749 | €73,024 | +€22,275 | +43.9% |
| Other tangible fixed assets | 26 | €76,738 | €65,268 | -€11,471 | -14.9% |
| Financial fixed assets | 28 | €3,950 | €3,950 | = | 0.0% |
| Current assets | 29/58 | €387,378 | €369,568 | -€17,811 | -4.6% |
| Amounts receivable after more than one year | 29 | €28,000 | €28,000 | = | 0.0% |
| Other amounts receivable | 291 | €28,000 | €28,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,891 | €59,703 | +€21,812 | +57.6% |
| Trade receivables | 40 | €27,000 | €0 | -€27,000 | -100% |
| Other amounts receivable | 41 | €10,891 | €59,703 | +€48,812 | +448% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €279,963 | €240,732 | -€39,231 | -14.0% |
| Deferred charges and accrued income | 490/1 | €41,524 | €41,133 | -€391 | -0.9% |
| Total equity and liabilities | 10/49 | €781,484 | €646,406 | -€135,077 | -17.3% |
| Equity | 10/15 | €19,315 | -€120,994 | -€140,309 | |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €15,715 | €15,715 | = | 0.0% |
| Distributable reserves | 133 | €15,715 | €15,715 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€140,309 | -€140,309 | |
| Amounts payable | 17/49 | €762,169 | €767,400 | +€5,231 | +0.7% |
| Amounts payable after more than one year | 17 | €603,861 | €584,957 | -€18,904 | -3.1% |
| Financial debts | 170/4 | €603,861 | €584,957 | -€18,904 | -3.1% |
| Amounts payable within one year | 42/48 | €149,904 | €182,443 | +€32,539 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €87,430 | €112,976 | +€25,546 | +29.2% |
| Trade debts | 44 | €12,209 | €37,298 | +€25,089 | +206% |
| Suppliers | 440/4 | €12,209 | €37,298 | +€25,089 | +206% |
| Taxes, remuneration and social security | 45 | €26,736 | €32,169 | +€5,433 | +20.3% |
| Taxes | 450/3 | €8,905 | €3,020 | -€5,885 | -66.1% |
| Remuneration and social security | 454/9 | €17,831 | €29,150 | +€11,319 | +63.5% |
| Other amounts payable | 47/48 | €23,529 | €0 | -€23,529 | -100% |
| Accrued charges and deferred income | 492/3 | €8,405 | €0 | -€8,405 | -100% |
| Non-recurring operating income | 76A | €1,311 | €16,250 | +€14,939 | +1,140% |
| Remuneration, social security and pensions | 62 | €205,035 | €226,531 | +€21,497 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,896 | €161,472 | +€1,575 | +1.0% |
| Other operating charges | 640/8 | €13,641 | €7,903 | -€5,738 | -42.1% |
| Non-recurring operating charges | 66A | - | €152,095 | +€152,095 | |
| Gross operating margin | 9900 | €436,836 | €421,440 | -€15,396 | -3.5% |
| Operating profit (loss) | 9901 | €58,265 | -€126,561 | -€184,825 | |
| Financial income | 75/76B | €3,397 | €1,566 | -€1,831 | -53.9% |
| Recurring financial income | 75 | €3,397 | €1,566 | -€1,831 | -53.9% |
| Financial charges | 65/66B | €21,693 | €14,276 | -€7,417 | -34.2% |
| Recurring financial charges | 65 | €21,693 | €14,276 | -€7,417 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €39,969 | -€139,271 | -€179,239 | |
| Income taxes | 67/77 | €18,070 | €1,038 | -€17,032 | -94.3% |
| Profit (loss) for the period | 9904 | €21,898 | -€140,309 | -€162,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,898 | -€140,309 | -€162,207 |
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 5 November 2026 via checked.be.