ZENITH IT: 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 IT
Largest movements
- Cash -€89,846
down €89,846 (-63.9%), from €140,536 to €50,689
mainly Current investments (-€80,000) and Investment in fixed assets (net) (-€9,022)
- Current investments +€80,000
new in 2025: €80,000
- Receivables within one year +€3,008
up €3,008 (+13.7%), from €21,898 to €24,905
of which Other amounts receivable: +€7,101
- Other debts -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin -€79,454
down €79,454 (-83.7%), from €94,967 to €15,513
- Taxes -€21,637
down €21,637 (-91.8%), from €23,562 to €1,925
- Write-downs +€4,760
new in 2025: €4,760
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 | €200,772 | €194,549 | -€6,223 | -3.1% |
| Fixed assets | 21/28 | €28,366 | €28,981 | +€616 | +2.2% |
| Tangible fixed assets | 22/27 | €28,366 | €28,981 | +€616 | +2.2% |
| Land and buildings | 22 | €13,201 | €16,389 | +€3,189 | +24.2% |
| Plant, machinery and equipment | 23 | €4,924 | €5,067 | +€143 | +2.9% |
| Furniture and vehicles | 24 | €10,241 | €7,525 | -€2,716 | -26.5% |
| Current assets | 29/58 | €172,406 | €165,568 | -€6,839 | -4.0% |
| Amounts receivable within one year | 40/41 | €21,898 | €24,905 | +€3,008 | +13.7% |
| Trade receivables | 40 | €7,357 | €3,263 | -€4,093 | -55.6% |
| Other amounts receivable | 41 | €14,541 | €21,642 | +€7,101 | +48.8% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €140,536 | €50,689 | -€89,846 | -63.9% |
| Deferred charges and accrued income | 490/1 | €9,973 | €9,973 | = | 0.0% |
| Total equity and liabilities | 10/49 | €200,772 | €194,549 | -€6,223 | -3.1% |
| Equity | 10/15 | €182,891 | €181,685 | -€1,205 | -0.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €180,891 | €180,891 | = | 0.0% |
| Distributable reserves | 133 | €180,891 | €180,891 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€1,205 | -€1,205 | |
| Amounts payable | 17/49 | €17,881 | €12,864 | -€5,018 | -28.1% |
| Amounts payable within one year | 42/48 | €17,881 | €12,864 | -€5,018 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €653 | €2,353 | +€1,700 | +260% |
| Suppliers | 440/4 | €653 | €2,353 | +€1,700 | +260% |
| Taxes, remuneration and social security | 45 | €12,228 | €10,511 | -€1,718 | -14.0% |
| Taxes | 450/3 | €12,228 | €10,511 | -€1,718 | -14.0% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,118 | €8,406 | +€288 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,760 | +€4,760 | |
| Other operating charges | 640/8 | €873 | €1,641 | +€767 | +87.8% |
| Gross operating margin | 9900 | €94,967 | €15,513 | -€79,454 | -83.7% |
| Operating profit (loss) | 9901 | €85,975 | €706 | -€85,269 | -99.2% |
| Financial income | 75/76B | €454 | €313 | -€140 | -31.0% |
| Recurring financial income | 75 | €454 | €313 | -€140 | -31.0% |
| Financial charges | 65/66B | €26 | €300 | +€274 | +1,055% |
| Recurring financial charges | 65 | €26 | €300 | +€274 | +1,055% |
| Profit (loss) for the period before taxes | 9903 | €86,403 | €720 | -€85,683 | -99.2% |
| Income taxes | 67/77 | €23,562 | €1,925 | -€21,637 | -91.8% |
| Profit (loss) for the period | 9904 | €62,841 | -€1,205 | -€64,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,841 | -€1,205 | -€64,046 |
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 15 October 2026 via checked.be.