ZENITH ICT: 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 ICT
Largest movements
- Cash +€4,358
up €4,358 (+59.5%), from €7,329 to €11,687
mainly Net result for the year (+€4,782) and Trade debts (+€1,822)
- Receivables within one year +€1,614
up €1,614 (+382%), from €423 to €2,037
of which Trade receivables: +€1,887
- Tangible fixed assets +€448
up €448 (+14.3%), from €3,134 to €3,582
- Deferred charges and accrued income -€204
down €204 (-70.8%), from €288 to €84
- Reserves +€4,782
up €4,782 (+51.8%), from €9,232 to €14,014
- Trade debts +€1,822
up €1,822 (+301%), from €606 to €2,428
- Tax, wage and social debts -€388
down €388 (-31.4%), from €1,236 to €848
- Gross operating margin +€2,789
up €2,789 (+48.4%), from €5,761 to €8,549
- Depreciation +€591
up €591 (+66.6%), from €888 to €1,480
- Taxes +€485
up €485 (+39.2%), from €1,235 to €1,720
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 | €11,174 | €17,390 | +€6,216 | +55.6% |
| Fixed assets | 21/28 | €3,134 | €3,582 | +€448 | +14.3% |
| Tangible fixed assets | 22/27 | €3,134 | €3,582 | +€448 | +14.3% |
| Furniture and vehicles | 24 | €3,134 | €3,582 | +€448 | +14.3% |
| Current assets | 29/58 | €8,039 | €13,808 | +€5,769 | +71.8% |
| Amounts receivable within one year | 40/41 | €423 | €2,037 | +€1,614 | +382% |
| Trade receivables | 40 | €133 | €2,020 | +€1,887 | +1,415% |
| Other amounts receivable | 41 | €290 | €17 | -€272 | -94.1% |
| Cash at bank and in hand | 54/58 | €7,329 | €11,687 | +€4,358 | +59.5% |
| Deferred charges and accrued income | 490/1 | €288 | €84 | -€204 | -70.8% |
| Total equity and liabilities | 10/49 | €11,174 | €17,390 | +€6,216 | +55.6% |
| Equity | 10/15 | €9,332 | €14,114 | +€4,782 | +51.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,232 | €14,014 | +€4,782 | +51.8% |
| Distributable reserves | 133 | €9,232 | €14,014 | +€4,782 | +51.8% |
| Amounts payable | 17/49 | €1,842 | €3,276 | +€1,434 | +77.9% |
| Amounts payable within one year | 42/48 | €1,842 | €3,276 | +€1,434 | +77.9% |
| Trade debts | 44 | €606 | €2,428 | +€1,822 | +301% |
| Suppliers | 440/4 | €606 | €2,428 | +€1,822 | +301% |
| Taxes, remuneration and social security | 45 | €1,236 | €848 | -€388 | -31.4% |
| Taxes | 450/3 | €1,236 | €848 | -€388 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €1,480 | +€591 | +66.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €5,761 | €8,549 | +€2,789 | +48.4% |
| Operating profit (loss) | 9901 | €4,367 | €6,550 | +€2,183 | +50.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €50 | €48 | -€1 | -3.0% |
| Recurring financial charges | 65 | €50 | €48 | -€1 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €4,317 | €6,502 | +€2,185 | +50.6% |
| Income taxes | 67/77 | €1,235 | €1,720 | +€485 | +39.2% |
| Profit (loss) for the period | 9904 | €3,082 | €4,782 | +€1,700 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,082 | €4,782 | +€1,700 | +55.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.