ZENLA HOLDING: 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.
ZENLA HOLDING
Largest movements
- Receivables within one year -€77,823
down €77,823 (-12.6%), from €619,999 to €542,176
- Cash -€51,483
down €51,483 (-25.9%), from €198,895 to €147,413
mainly Current portion of long-term debt (-€384,787) and Other debts (-€52,500)
- Current portion of long-term debt -€384,787
down €384,787 (-48.8%), from €788,316 to €403,529
- Profit (loss) carried forward +€335,935
up €335,935 (+26.9%), from €1.2m to €1.6m
- Other debts -€52,500
down €52,500 (-5.8%), from €912,500 to €860,000
- Financial income -€294,309
down €294,309 (-47.1%), from €625,390 to €331,081
- Gross operating margin -€3,701
down €3,701 (-14.2%), from €26,041 to €22,339
- Financial charges -€2,849
down €2,849 (-16.8%), from €16,970 to €14,121
- Taxes +€2,397
new in 2025: €2,397
- Other operating charges -€467
down €467 (-32.6%), from €1,435 to €968
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 | €4,525,964 | €4,396,658 | -€129,306 | -2.9% |
| Fixed assets | 21/28 | €3,707,069 | €3,707,069 | = | 0.0% |
| Intangible fixed assets | 21 | €3,213,069 | €3,213,069 | = | 0.0% |
| Financial fixed assets | 28 | €494,000 | €494,000 | = | 0.0% |
| Current assets | 29/58 | €818,894 | €689,588 | -€129,306 | -15.8% |
| Amounts receivable within one year | 40/41 | €619,999 | €542,176 | -€77,823 | -12.6% |
| Other amounts receivable | 41 | €619,999 | €542,176 | -€77,823 | -12.6% |
| Cash at bank and in hand | 54/58 | €198,895 | €147,413 | -€51,483 | -25.9% |
| Total equity and liabilities | 10/49 | €4,525,964 | €4,396,658 | -€129,306 | -2.9% |
| Equity | 10/15 | €1,940,139 | €2,276,074 | +€335,935 | +17.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €390,500 | €390,500 | = | 0.0% |
| Distributable reserves | 133 | €390,500 | €390,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,249,639 | €1,585,574 | +€335,935 | +26.9% |
| Amounts payable | 17/49 | €2,585,824 | €2,120,584 | -€465,240 | -18.0% |
| Amounts payable after more than one year | 17 | €883,283 | €853,637 | -€29,646 | -3.4% |
| Financial debts | 170/4 | €883,283 | €853,637 | -€29,646 | -3.4% |
| Amounts payable within one year | 42/48 | €1,702,542 | €1,266,947 | -€435,594 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €788,316 | €403,529 | -€384,787 | -48.8% |
| Trade debts | 44 | €315 | - | -€315 | |
| Suppliers | 440/4 | €315 | - | -€315 | |
| Taxes, remuneration and social security | 45 | €1,411 | €3,419 | +€2,007 | +142% |
| Taxes | 450/3 | €1,411 | €3,419 | +€2,007 | +142% |
| Other amounts payable | 47/48 | €912,500 | €860,000 | -€52,500 | -5.8% |
| Other operating charges | 640/8 | €1,435 | €968 | -€467 | -32.6% |
| Gross operating margin | 9900 | €26,041 | €22,339 | -€3,701 | -14.2% |
| Operating profit (loss) | 9901 | €24,606 | €21,372 | -€3,234 | -13.1% |
| Financial income | 75/76B | €625,390 | €331,081 | -€294,309 | -47.1% |
| Recurring financial income | 75 | €625,390 | €331,081 | -€294,309 | -47.1% |
| Financial charges | 65/66B | €16,970 | €14,121 | -€2,849 | -16.8% |
| Recurring financial charges | 65 | €16,970 | €14,121 | -€2,849 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €633,027 | €338,332 | -€294,695 | -46.6% |
| Income taxes | 67/77 | - | €2,397 | +€2,397 | |
| Profit (loss) for the period | 9904 | €633,027 | €335,935 | -€297,092 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €633,027 | €335,935 | -€297,092 | -46.9% |
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 27 October 2026 via checked.be.