ZENKA: 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.
ZENKA
Largest movements
- Cash -€74,931
down €74,931 (-60.8%), from €123,165 to €48,234
mainly Contributions, distributions and other (-€35,937) and Investment in fixed assets (net) (-€24,455)
- Tangible fixed assets +€22,371
up €22,371 (+778.2%), from €2,875 to €25,246
of which Furniture and vehicles: +€22,778
- Receivables within one year -€2,616
down €2,616 (-26.7%), from €9,797 to €7,181
of which Other amounts receivable: -€5,033
- Reserves -€58,699
down €58,699 (-47.8%), from €122,766 to €64,066
of which Distributable reserves: -€58,699
- Other debts +€4,628
up €4,628, from €0 to €4,628
- Gross operating margin -€50,963
down €50,963, from €33,647 to -€17,316
- Financial charges +€24,927
up €24,927 (+3393.7%), from €735 to €25,661
- Financial income +€24,260
up €24,260 (+1585589.5%), from €2 to €24,261
of which Non-recurring financial income: +€24,261
- Taxes -€10,406
down €10,406 (-97.9%), from €10,632 to €226
- Depreciation +€2,029
up €2,029 (+255.6%), from €794 to €2,823
From the 31-12-2024 result to the 31-12-2025 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
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,765 | €82,034 | -€54,730 | -40.0% |
| Fixed assets | 21/28 | €3,614 | €25,246 | +€21,632 | +598.6% |
| Tangible fixed assets | 22/27 | €2,875 | €25,246 | +€22,371 | +778.2% |
| Furniture and vehicles | 24 | €497 | €23,275 | +€22,778 | +4585.1% |
| Other tangible fixed assets | 26 | €2,378 | €1,971 | -€407 | -17.1% |
| Financial fixed assets | 28 | €739 | €0 | -€739 | -100.0% |
| Current assets | 29/58 | €133,151 | €56,789 | -€76,362 | -57.4% |
| Amounts receivable within one year | 40/41 | €9,797 | €7,181 | -€2,616 | -26.7% |
| Trade receivables | 40 | €1,730 | €4,147 | +€2,417 | +139.7% |
| Other amounts receivable | 41 | €8,067 | €3,034 | -€5,033 | -62.4% |
| Cash at bank and in hand | 54/58 | €123,165 | €48,234 | -€74,931 | -60.8% |
| Deferred charges and accrued income | 490/1 | €189 | €1,374 | +€1,185 | +628.4% |
| Total equity and liabilities | 10/49 | €136,765 | €82,034 | -€54,730 | -40.0% |
| Equity | 10/15 | €135,166 | €76,466 | -€58,699 | -43.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,766 | €64,066 | -€58,699 | -47.8% |
| Tax-exempt reserves | 132 | €667 | €667 | = | 0.0% |
| Distributable reserves | 133 | €122,098 | €63,399 | -€58,699 | -48.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,599 | €5,568 | +€3,969 | +248.2% |
| Amounts payable within one year | 42/48 | €1,299 | €5,568 | +€4,269 | +328.6% |
| Trade debts | 44 | €1,299 | €714 | -€585 | -45.0% |
| Suppliers | 440/4 | €1,299 | €714 | -€585 | -45.0% |
| Taxes, remuneration and social security | 45 | €0 | €226 | +€226 | |
| Taxes | 450/3 | €0 | €226 | +€226 | |
| Other amounts payable | 47/48 | €0 | €4,628 | +€4,628 | |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Non-recurring operating income | 76A | - | €11,795 | +€11,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €2,823 | +€2,029 | +255.6% |
| Other operating charges | 640/8 | €1,352 | €997 | -€355 | -26.3% |
| Gross operating margin | 9900 | €33,647 | -€17,316 | -€50,963 | |
| Operating profit (loss) | 9901 | €31,501 | -€21,136 | -€52,637 | |
| Financial income | 75/76B | €2 | €24,261 | +€24,260 | +1585589.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Non-recurring financial income | 76B | - | €24,261 | +€24,261 | |
| Financial charges | 65/66B | €735 | €25,661 | +€24,927 | +3393.7% |
| Recurring financial charges | 65 | €735 | €25,661 | +€24,927 | +3393.7% |
| Profit (loss) for the period before taxes | 9903 | €30,768 | -€22,536 | -€53,305 | |
| Income taxes | 67/77 | €10,632 | €226 | -€10,406 | -97.9% |
| Profit (loss) for the period | 9904 | €20,137 | -€22,762 | -€42,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,137 | -€22,762 | -€42,899 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.