ZENJOY: what changed
Two fiscal 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.
ZENJOY
Largest movements
- Current investments +€112,367
up €112,367, from €0 to €112,367
- Cash -€68,956
down €68,956 (-29.0%), from €237,563 to €168,607
- Receivables within one year +€19,025
up €19,025 (+15.0%), from €126,717 to €145,743
of which Trade receivables: +€24,000
- Intangible fixed assets -€6,801
down €6,801 (-89.0%), from €7,641 to €839
- Reserves +€321,222
up €321,222 (+17270.0%), from €1,860 to €323,082
of which Distributable reserves: +€323,082
- Profit (loss) carried forward -€260,995
down €260,995 (-100.0%), from €260,995 to €0
- Tax, wage and social debts +€24,531
up €24,531 (+47.0%), from €52,245 to €76,776
of which Taxes: +€17,532
- Trade debts -€21,366
down €21,366 (-66.6%), from €32,068 to €10,702
- Other debts +€8,219
up €8,219, from €0 to €8,219
- Gross operating margin +€157,701
up €157,701 (+50.4%), from €312,827 to €470,527
- Staff costs +€77,904
up €77,904 (+27.5%), from €283,312 to €361,216
- Taxes +€21,401
up €21,401, from €0 to €21,401
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,345 | €449,375 | +€56,030 | +14.2% |
| Fixed assets | 21/28 | €23,205 | €15,066 | -€8,139 | -35.1% |
| Intangible fixed assets | 21 | €7,641 | €839 | -€6,801 | -89.0% |
| Tangible fixed assets | 22/27 | €15,564 | €12,646 | -€2,918 | -18.7% |
| Furniture and vehicles | 24 | €15,564 | €12,646 | -€2,918 | -18.7% |
| Financial fixed assets | 28 | €0 | €1,580 | +€1,580 | |
| Current assets | 29/58 | €370,140 | €434,310 | +€64,170 | +17.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €126,717 | €145,743 | +€19,025 | +15.0% |
| Trade receivables | 40 | €114,416 | €138,416 | +€24,000 | +21.0% |
| Other amounts receivable | 41 | €12,302 | €7,327 | -€4,975 | -40.4% |
| Current investments | 50/53 | €0 | €112,367 | +€112,367 | |
| Cash at bank and in hand | 54/58 | €237,563 | €168,607 | -€68,956 | -29.0% |
| Deferred charges and accrued income | 490/1 | €5,860 | €7,593 | +€1,733 | +29.6% |
| Total equity and liabilities | 10/49 | €393,345 | €449,375 | +€56,030 | +14.2% |
| Equity | 10/15 | €281,455 | €341,682 | +€60,227 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €323,082 | +€321,222 | +17270.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | - | €323,082 | +€323,082 | |
| Profit (loss) carried forward | 14 | €260,995 | €0 | -€260,995 | -100.0% |
| Amounts payable | 17/49 | €111,890 | €107,693 | -€4,196 | -3.8% |
| Amounts payable within one year | 42/48 | €92,769 | €96,520 | +€3,750 | +4.0% |
| Financial debts | 43 | €8,456 | €822 | -€7,634 | -90.3% |
| Credit institutions | 430/8 | €8,456 | €822 | -€7,634 | -90.3% |
| Trade debts | 44 | €32,068 | €10,702 | -€21,366 | -66.6% |
| Suppliers | 440/4 | €32,068 | €10,702 | -€21,366 | -66.6% |
| Taxes, remuneration and social security | 45 | €52,245 | €76,776 | +€24,531 | +47.0% |
| Taxes | 450/3 | €19,736 | €37,269 | +€17,532 | +88.8% |
| Remuneration and social security | 454/9 | €32,509 | €39,507 | +€6,998 | +21.5% |
| Other amounts payable | 47/48 | €0 | €8,219 | +€8,219 | |
| Accrued charges and deferred income | 492/3 | €19,121 | €11,174 | -€7,947 | -41.6% |
| Remuneration, social security and pensions | 62 | €283,312 | €361,216 | +€77,904 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,206 | €15,952 | -€3,254 | -16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,156 | -€1,156 | -€2,313 | |
| Other operating charges | 640/8 | €2,977 | €4,704 | +€1,727 | +58.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €312,827 | €470,527 | +€157,701 | +50.4% |
| Operating profit (loss) | 9901 | €6,175 | €89,812 | +€83,637 | +1354.4% |
| Financial income | 75/76B | €1,907 | €910 | -€997 | -52.3% |
| Recurring financial income | 75 | €1,907 | €910 | -€997 | -52.3% |
| Financial charges | 65/66B | €829 | €876 | +€46 | +5.6% |
| Recurring financial charges | 65 | €829 | €876 | +€46 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €7,253 | €89,846 | +€82,593 | +1138.8% |
| Income taxes | 67/77 | €0 | €21,401 | +€21,401 | |
| Profit (loss) for the period | 9904 | €7,253 | €68,446 | +€61,193 | +843.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,253 | €68,446 | +€61,193 | +843.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.