ZENITH PROPERTIES: 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 PROPERTIES
Largest movements
- Receivables within one year +€5,647
up €5,647 (+2,212%), from €255 to €5,902
of which Trade receivables: +€5,642
- Cash -€3,367
down €3,367 (-63.9%), from €5,267 to €1,901
mainly Net result for the year (-€25,741) and Receivables within one year (-€5,647)
- Tangible fixed assets -€2,027
down €2,027 (-100%), from €2,027 to €0
- Deferred charges and accrued income -€283
down €283 (-33.0%), from €857 to €574
- Profit (loss) carried forward -€25,741
down €25,741 (-44.9%), from -€57,305 to -€83,046
- Other debts +€20,052
up €20,052 (+32.0%), from €62,654 to €82,706
- Trade debts +€6,011
up €6,011 (+1,062%), from €566 to €6,578
- Tax, wage and social debts -€352
down €352 (-22.8%), from €1,541 to €1,189
- Gross operating margin -€8,997
down €8,997 (-64.7%), from -€13,913 to -€22,910
- Depreciation -€4,068
down €4,068 (-66.7%), from €6,095 to €2,027
- Financial charges -€410
down €410 (-77.1%), from €531 to €121
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 | €8,456 | €8,427 | -€30 | -0.3% |
| Fixed assets | 21/28 | €2,077 | €50 | -€2,027 | -97.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,027 | €0 | -€2,027 | -100% |
| Furniture and vehicles | 24 | €2,027 | €0 | -€2,027 | -100% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,380 | €8,377 | +€1,997 | +31.3% |
| Amounts receivable within one year | 40/41 | €255 | €5,902 | +€5,647 | +2,212% |
| Trade receivables | 40 | €255 | €5,897 | +€5,642 | +2,210% |
| Other amounts receivable | 41 | €0 | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €5,267 | €1,901 | -€3,367 | -63.9% |
| Deferred charges and accrued income | 490/1 | €857 | €574 | -€283 | -33.0% |
| Total equity and liabilities | 10/49 | €8,456 | €8,427 | -€30 | -0.3% |
| Equity | 10/15 | -€56,305 | -€82,046 | -€25,741 | -45.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,305 | -€83,046 | -€25,741 | -44.9% |
| Amounts payable | 17/49 | €64,761 | €90,473 | +€25,712 | +39.7% |
| Amounts payable within one year | 42/48 | €64,761 | €90,473 | +€25,712 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €566 | €6,578 | +€6,011 | +1,062% |
| Suppliers | 440/4 | €566 | €6,578 | +€6,011 | +1,062% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,541 | €1,189 | -€352 | -22.8% |
| Taxes | 450/3 | €1,541 | €1,189 | -€352 | -22.8% |
| Other amounts payable | 47/48 | €62,654 | €82,706 | +€20,052 | +32.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,095 | €2,027 | -€4,068 | -66.7% |
| Other operating charges | 640/8 | €687 | €491 | -€196 | -28.5% |
| Gross operating margin | 9900 | -€13,913 | -€22,910 | -€8,997 | -64.7% |
| Operating profit (loss) | 9901 | -€20,695 | -€25,428 | -€4,733 | -22.9% |
| Financial income | 75/76B | €0 | €6 | +€6 | +19,900% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +19,900% |
| Financial charges | 65/66B | €531 | €121 | -€410 | -77.1% |
| Recurring financial charges | 65 | €531 | €121 | -€410 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,226 | -€25,543 | -€4,317 | -20.3% |
| Income taxes | 67/77 | €204 | €198 | -€5 | -2.6% |
| Profit (loss) for the period | 9904 | -€21,429 | -€25,741 | -€4,312 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,429 | -€25,741 | -€4,312 | -20.1% |
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 13 October 2026 via checked.be.