ZENITH COMPUTER: what changed
Two fiscal 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 COMPUTER
Largest movements
- Tangible fixed assets -€18,758
down €18,758 (-12.0%), from €156,728 to €137,970
of which Furniture and vehicles: -€12,000
- Receivables within one year -€13,256
down €13,256 (-19.6%), from €67,690 to €54,435
of which Other amounts receivable: -€11,382
- Stocks and contracts -€4,999
down €4,999 (-8.4%), from €59,202 to €54,203
- Cash -€4,737
down €4,737 (-5.0%), from €93,866 to €89,129
mainly Contributions, distributions and other (-€60,000) and Debts after one year (-€27,058)
- Reserves -€35,000
down €35,000 (-19.4%), from €180,875 to €145,875
- Debts after one year -€27,058
down €27,058 (-31.9%), from €84,875 to €57,817
- Other debts +€11,036
up €11,036 (+424.5%), from €2,600 to €13,636
- Tax, wage and social debts +€9,334
up €9,334 (+51.2%), from €18,218 to €27,552
of which Taxes: +€11,166
- Gross operating margin +€8,680
up €8,680 (+9.0%), from €96,073 to €104,753
- Taxes +€6,542
up €6,542 (+95.3%), from €6,866 to €13,408
- Staff costs +€1,853
up €1,853 (+5.0%), from €37,218 to €39,071
- Other operating charges -€1,281
down €1,281 (-33.5%), from €3,825 to €2,544
- Depreciation +€1,198
up €1,198 (+6.8%), from €17,561 to €18,758
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 | €380,921 | €338,410 | -€42,511 | -11.2% |
| Fixed assets | 21/28 | €156,728 | €137,970 | -€18,758 | -12.0% |
| Tangible fixed assets | 22/27 | €156,728 | €137,970 | -€18,758 | -12.0% |
| Land and buildings | 22 | €102,800 | €97,600 | -€5,200 | -5.1% |
| Plant, machinery and equipment | 23 | €4,429 | €2,871 | -€1,559 | -35.2% |
| Furniture and vehicles | 24 | €49,499 | €37,499 | -€12,000 | -24.2% |
| Current assets | 29/58 | €224,193 | €200,440 | -€23,753 | -10.6% |
| Stocks and contracts in progress | 3 | €59,202 | €54,203 | -€4,999 | -8.4% |
| Stocks | 30/36 | €59,202 | €54,203 | -€4,999 | -8.4% |
| Amounts receivable within one year | 40/41 | €67,690 | €54,435 | -€13,256 | -19.6% |
| Trade receivables | 40 | €55,523 | €53,649 | -€1,874 | -3.4% |
| Other amounts receivable | 41 | €12,167 | €785 | -€11,382 | -93.5% |
| Cash at bank and in hand | 54/58 | €93,866 | €89,129 | -€4,737 | -5.0% |
| Deferred charges and accrued income | 490/1 | €3,435 | €2,673 | -€762 | -22.2% |
| Total equity and liabilities | 10/49 | €380,921 | €338,410 | -€42,511 | -11.2% |
| Equity | 10/15 | €204,512 | €170,923 | -€33,589 | -16.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €180,875 | €145,875 | -€35,000 | -19.4% |
| Distributable reserves | 133 | €180,875 | €145,875 | -€35,000 | -19.4% |
| Profit (loss) carried forward | 14 | €4,887 | €6,298 | +€1,411 | +28.9% |
| Amounts payable | 17/49 | €176,409 | €167,487 | -€8,923 | -5.1% |
| Amounts payable after more than one year | 17 | €84,875 | €57,817 | -€27,058 | -31.9% |
| Financial debts | 170/4 | €84,875 | €57,817 | -€27,058 | -31.9% |
| Amounts payable within one year | 42/48 | €91,423 | €109,558 | +€18,135 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €25,961 | €27,058 | +€1,097 | +4.2% |
| Trade debts | 44 | €44,644 | €41,312 | -€3,333 | -7.5% |
| Suppliers | 440/4 | €44,644 | €41,312 | -€3,333 | -7.5% |
| Taxes, remuneration and social security | 45 | €18,218 | €27,552 | +€9,334 | +51.2% |
| Taxes | 450/3 | €11,336 | €22,503 | +€11,166 | +98.5% |
| Remuneration and social security | 454/9 | €6,881 | €5,049 | -€1,832 | -26.6% |
| Other amounts payable | 47/48 | €2,600 | €13,636 | +€11,036 | +424.5% |
| Accrued charges and deferred income | 492/3 | €112 | €112 | = | 0.0% |
| Non-recurring operating income | 76A | €13,908 | - | -€13,908 | |
| Remuneration, social security and pensions | 62 | €37,218 | €39,071 | +€1,853 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,561 | €18,758 | +€1,198 | +6.8% |
| Other operating charges | 640/8 | €3,825 | €2,544 | -€1,281 | -33.5% |
| Non-recurring operating charges | 66A | €976 | - | -€976 | |
| Gross operating margin | 9900 | €96,073 | €104,753 | +€8,680 | +9.0% |
| Operating profit (loss) | 9901 | €36,493 | €44,379 | +€7,886 | +21.6% |
| Financial income | 75/76B | €1,710 | €762 | -€948 | -55.4% |
| Recurring financial income | 75 | €1,710 | €762 | -€948 | -55.4% |
| Financial charges | 65/66B | €6,277 | €5,322 | -€955 | -15.2% |
| Recurring financial charges | 65 | €6,277 | €5,322 | -€955 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €31,926 | €39,819 | +€7,893 | +24.7% |
| Income taxes | 67/77 | €6,866 | €13,408 | +€6,542 | +95.3% |
| Profit (loss) for the period | 9904 | €25,060 | €26,411 | +€1,351 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,060 | €26,411 | +€1,351 | +5.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.