ZENITH AFRIQUE: 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.
ZENITH AFRIQUE
Largest movements
- Receivables within one year +€29,672
up €29,672 (+18.1%), from €163,742 to €193,414
of which Trade receivables: +€15,000
- Cash -€3,501
no longer reported in 2025 (was €3,501)
mainly Receivables within one year (-€29,672) and Investment in fixed assets (net) (-€1,170)
- Short-term financial debts +€13,154
new in 2025: €13,154
- Profit (loss) carried forward +€9,909
up €9,909 (+6.6%), from €150,818 to €160,727
- Advances received +€2,500
new in 2025: €2,500
- Gross operating margin -€32,675
down €32,675 (-89.5%), from €36,497 to €3,822
- Taxes -€6,667
no longer reported in 2025 (was €6,667)
- Financial charges +€1,084
up €1,084 (+45.2%), from €2,397 to €3,481
- Other operating charges -€490
no longer reported in 2025 (was €490)
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.
Cash bridge derived
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 | €167,243 | €194,583 | +€27,340 | +16.3% |
| Fixed assets | 21/28 | - | €1,169 | +€1,169 | |
| Tangible fixed assets | 22/27 | - | €1,169 | +€1,169 | |
| Furniture and vehicles | 24 | - | €1,169 | +€1,169 | |
| Current assets | 29/58 | €167,243 | €193,414 | +€26,171 | +15.6% |
| Amounts receivable within one year | 40/41 | €163,742 | €193,414 | +€29,672 | +18.1% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €163,742 | €178,414 | +€14,672 | +9.0% |
| Cash at bank and in hand | 54/58 | €3,501 | - | -€3,501 | |
| Total equity and liabilities | 10/49 | €167,243 | €194,583 | +€27,340 | +16.3% |
| Equity | 10/15 | €153,018 | €162,927 | +€9,909 | +6.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,818 | €160,727 | +€9,909 | +6.6% |
| Amounts payable | 17/49 | €14,225 | €31,656 | +€17,431 | +122.5% |
| Amounts payable within one year | 42/48 | €14,225 | €31,656 | +€17,431 | +122.5% |
| Financial debts | 43 | - | €13,154 | +€13,154 | |
| Credit institutions | 430/8 | - | €13,154 | +€13,154 | |
| Trade debts | 44 | €1,452 | €1,452 | = | 0.0% |
| Suppliers | 440/4 | €1,452 | €1,452 | = | 0.0% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €12,773 | €14,550 | +€1,777 | +13.9% |
| Taxes | 450/3 | €11,285 | €13,490 | +€2,205 | +19.5% |
| Remuneration and social security | 454/9 | €1,488 | €1,060 | -€428 | -28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1 | +€1 | |
| Other operating charges | 640/8 | €490 | - | -€490 | |
| Gross operating margin | 9900 | €36,497 | €3,822 | -€32,675 | -89.5% |
| Operating profit (loss) | 9901 | €36,007 | €3,821 | -€32,186 | -89.4% |
| Financial income | 75/76B | €9,843 | €9,569 | -€274 | -2.8% |
| Recurring financial income | 75 | €9,843 | €9,569 | -€274 | -2.8% |
| Financial charges | 65/66B | €2,397 | €3,481 | +€1,084 | +45.2% |
| Recurring financial charges | 65 | €2,397 | €3,481 | +€1,084 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €43,453 | €9,909 | -€33,544 | -77.2% |
| Income taxes | 67/77 | €6,667 | - | -€6,667 | |
| Profit (loss) for the period | 9904 | €36,786 | €9,909 | -€26,877 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,786 | €9,909 | -€26,877 | -73.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.