Zenith OSF: 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 OSF
Largest movements
- Cash -€77,573
down €77,573 (-59.8%), from €129,675 to €52,102
mainly Other debts (-€112,573) and Contributions, distributions and other (-€25,345)
- Receivables within one year -€20,191
down €20,191 (-47.7%), from €42,353 to €22,163
of which Trade receivables: -€20,466
- Deferred charges and accrued income -€11,975
down €11,975 (-24.2%), from €49,384 to €37,409
- Tangible fixed assets -€5,687
down €5,687 (-31.2%), from €18,226 to €12,540
of which Furniture and vehicles: -€4,800
- Other debts -€112,573
down €112,573 (-78.9%), from €142,715 to €30,142
- Gross operating margin -€9,877
down €9,877 (-18.9%), from €52,356 to €42,480
- Other operating charges -€737
down €737 (-92.1%), from €800 to €63
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 | €239,668 | €124,243 | -€115,425 | -48.2% |
| Fixed assets | 21/28 | €18,256 | €12,570 | -€5,687 | -31.1% |
| Tangible fixed assets | 22/27 | €18,226 | €12,540 | -€5,687 | -31.2% |
| Furniture and vehicles | 24 | €14,931 | €10,131 | -€4,800 | -32.1% |
| Other tangible fixed assets | 26 | €3,296 | €2,409 | -€887 | -26.9% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €221,412 | €111,673 | -€109,738 | -49.6% |
| Amounts receivable within one year | 40/41 | €42,353 | €22,163 | -€20,191 | -47.7% |
| Trade receivables | 40 | €40,243 | €19,777 | -€20,466 | -50.9% |
| Other amounts receivable | 41 | €2,110 | €2,385 | +€275 | +13.0% |
| Cash at bank and in hand | 54/58 | €129,675 | €52,102 | -€77,573 | -59.8% |
| Deferred charges and accrued income | 490/1 | €49,384 | €37,409 | -€11,975 | -24.2% |
| Total equity and liabilities | 10/49 | €239,668 | €124,243 | -€115,425 | -48.2% |
| Equity | 10/15 | €89,689 | €89,689 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €71,139 | €71,139 | = | 0.0% |
| Distributable reserves | 133 | €71,139 | €71,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,979 | €34,554 | -€115,425 | -77.0% |
| Amounts payable within one year | 42/48 | €149,979 | €34,554 | -€115,425 | -77.0% |
| Financial debts | 43 | €214 | €0 | -€214 | -100% |
| Credit institutions | 430/8 | €214 | €0 | -€214 | -100% |
| Trade debts | 44 | €1,966 | €734 | -€1,232 | -62.7% |
| Suppliers | 440/4 | €1,966 | €734 | -€1,232 | -62.7% |
| Taxes, remuneration and social security | 45 | €5,085 | €3,678 | -€1,407 | -27.7% |
| Taxes | 450/3 | €5,085 | €3,678 | -€1,407 | -27.7% |
| Other amounts payable | 47/48 | €142,715 | €30,142 | -€112,573 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,120 | €8,487 | +€367 | +4.5% |
| Other operating charges | 640/8 | €800 | €63 | -€737 | -92.1% |
| Non-recurring operating charges | 66A | - | €62 | +€62 | |
| Gross operating margin | 9900 | €52,356 | €42,480 | -€9,877 | -18.9% |
| Operating profit (loss) | 9901 | €43,437 | €33,868 | -€9,569 | -22.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +28,400% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +28,400% |
| Financial charges | 65/66B | €296 | €471 | +€176 | +59.4% |
| Recurring financial charges | 65 | €296 | €471 | +€176 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €43,141 | €33,400 | -€9,742 | -22.6% |
| Income taxes | 67/77 | €7,999 | €8,055 | +€56 | +0.7% |
| Profit (loss) for the period | 9904 | €35,142 | €25,345 | -€9,798 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,142 | €25,345 | -€9,798 | -27.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.