ZENITH-CONSULT: 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-CONSULT
Largest movements
- Receivables within one year -€7,000
down €7,000 (-55.3%), from €12,655 to €5,654
- Cash -€6,912
down €6,912 (-22.0%), from €31,473 to €24,561
mainly Net result for the year (-€9,633) and Tax, wage and social debts (-€4,051)
- Tangible fixed assets +€947
up €947 (+13.7%), from €6,897 to €7,844
- Reserves -€9,633
down €9,633 (-68.1%), from €14,139 to €4,506
of which Distributable reserves: -€9,633
- Tax, wage and social debts -€4,051
down €4,051 (-42.0%), from €9,654 to €5,603
of which Taxes: -€4,051
- Trade debts +€518
up €518 (+14.1%), from €3,675 to €4,193
- Gross operating margin -€25,785
down €25,785, from €20,472 to -€5,313
- Depreciation -€459
down €459 (-13.1%), from €3,498 to €3,038
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 | €51,025 | €38,059 | -€12,966 | -25.4% |
| Fixed assets | 21/28 | €6,897 | €7,844 | +€947 | +13.7% |
| Tangible fixed assets | 22/27 | €6,897 | €7,844 | +€947 | +13.7% |
| Furniture and vehicles | 24 | €6,897 | €7,844 | +€947 | +13.7% |
| Current assets | 29/58 | €44,127 | €30,215 | -€13,912 | -31.5% |
| Amounts receivable within one year | 40/41 | €12,655 | €5,654 | -€7,000 | -55.3% |
| Trade receivables | 40 | €12,655 | €5,654 | -€7,000 | -55.3% |
| Cash at bank and in hand | 54/58 | €31,473 | €24,561 | -€6,912 | -22.0% |
| Total equity and liabilities | 10/49 | €51,025 | €38,059 | -€12,966 | -25.4% |
| Equity | 10/15 | €32,739 | €23,106 | -€9,633 | -29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,139 | €4,506 | -€9,633 | -68.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,279 | €2,646 | -€9,633 | -78.4% |
| Amounts payable | 17/49 | €18,286 | €14,953 | -€3,333 | -18.2% |
| Amounts payable within one year | 42/48 | €18,286 | €14,953 | -€3,333 | -18.2% |
| Trade debts | 44 | €3,675 | €4,193 | +€518 | +14.1% |
| Suppliers | 440/4 | €3,675 | €4,193 | +€518 | +14.1% |
| Taxes, remuneration and social security | 45 | €9,654 | €5,603 | -€4,051 | -42.0% |
| Taxes | 450/3 | €7,654 | €3,603 | -€4,051 | -52.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,957 | €5,157 | +€200 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,498 | €3,038 | -€459 | -13.1% |
| Other operating charges | 640/8 | €954 | €1,091 | +€137 | +14.4% |
| Gross operating margin | 9900 | €20,472 | -€5,313 | -€25,785 | |
| Operating profit (loss) | 9901 | €16,020 | -€9,443 | -€25,463 | |
| Financial income | 75/76B | €168 | €289 | +€121 | +72.1% |
| Recurring financial income | 75 | €168 | €289 | +€121 | +72.1% |
| Non-recurring financial income | 76B | €168 | €289 | +€121 | +72.1% |
| Financial charges | 65/66B | €197 | €155 | -€42 | -21.4% |
| Recurring financial charges | 65 | €197 | €155 | -€42 | -21.4% |
| Non-recurring financial charges | 66B | €197 | €155 | -€42 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €15,990 | -€9,309 | -€25,300 | |
| Income taxes | 67/77 | €287 | €323 | +€36 | +12.7% |
| Profit (loss) for the period | 9904 | €15,703 | -€9,633 | -€25,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,703 | -€9,633 | -€25,336 |
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 13 October 2026 via checked.be.