ZENNE CONSTRUCT: 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.
ZENNE CONSTRUCT
Largest movements
- Stocks and contracts +€996,434
up €996,434 (+52.5%), from €1.9m to €2.9m
- Receivables within one year +€306,058
up €306,058 (+454.6%), from €67,329 to €373,387
- Cash +€67,011
up €67,011 (+356.4%), from €18,803 to €85,814
mainly Advances received (+€1.6m) and Tax, wage and social debts (+€133,220)
- Advances received +€1.6m
new in 2025: €1.6m
- Other debts -€415,911
down €415,911 (-30.2%), from €1.4m to €959,434
- Tax, wage and social debts +€133,220
new in 2025: €133,220
- Financial income -€9,205
down €9,205 (-89.9%), from €10,239 to €1,034
- Financial charges +€546
up €546 (+78.3%), from €697 to €1,244
- Gross operating margin +€488
up €488 (+4.3%), from -€11,224 to -€10,736
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.
Cash bridge derived
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 | €1,994,000 | €3,360,461 | +€1.4m | +68.5% |
| Current assets | 29/58 | €1,994,000 | €3,360,461 | +€1.4m | +68.5% |
| Stocks and contracts in progress | 3 | €1,899,363 | €2,895,796 | +€996,434 | +52.5% |
| Stocks | 30/36 | €1,899,363 | €2,895,796 | +€996,434 | +52.5% |
| Amounts receivable within one year | 40/41 | €67,329 | €373,387 | +€306,058 | +454.6% |
| Other amounts receivable | 41 | €67,329 | €373,387 | +€306,058 | +454.6% |
| Cash at bank and in hand | 54/58 | €18,803 | €85,814 | +€67,011 | +356.4% |
| Deferred charges and accrued income | 490/1 | €8,506 | €5,464 | -€3,042 | -35.8% |
| Total equity and liabilities | 10/49 | €1,994,000 | €3,360,461 | +€1.4m | +68.5% |
| Equity | 10/15 | €589,860 | €578,915 | -€10,945 | -1.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €449,731 | €449,731 | = | 0.0% |
| Distributable reserves | 133 | €449,731 | €449,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,871 | -€20,816 | -€10,945 | -110.9% |
| Amounts payable | 17/49 | €1,404,141 | €2,781,546 | +€1.4m | +98.1% |
| Amounts payable within one year | 42/48 | €1,376,870 | €2,747,924 | +€1.4m | +99.6% |
| Trade debts | 44 | €1,526 | €5,677 | +€4,152 | +272.1% |
| Suppliers | 440/4 | €1,526 | €5,677 | +€4,152 | +272.1% |
| Advances received on contracts in progress | 46 | - | €1,649,593 | +€1.6m | |
| Taxes, remuneration and social security | 45 | - | €133,220 | +€133,220 | |
| Taxes | 450/3 | - | €133,220 | +€133,220 | |
| Other amounts payable | 47/48 | €1,375,344 | €959,434 | -€415,911 | -30.2% |
| Accrued charges and deferred income | 492/3 | €27,271 | €33,623 | +€6,352 | +23.3% |
| Gross operating margin | 9900 | -€11,224 | -€10,736 | +€488 | +4.3% |
| Operating profit (loss) | 9901 | -€11,224 | -€10,736 | +€488 | +4.3% |
| Financial income | 75/76B | €10,239 | €1,034 | -€9,205 | -89.9% |
| Recurring financial income | 75 | €10,239 | €1,034 | -€9,205 | -89.9% |
| Financial charges | 65/66B | €697 | €1,244 | +€546 | +78.3% |
| Recurring financial charges | 65 | €697 | €1,244 | +€546 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,682 | -€10,945 | -€9,263 | -550.7% |
| Profit (loss) for the period | 9904 | -€1,682 | -€10,945 | -€9,263 | -550.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,682 | -€10,945 | -€9,263 | -550.7% |
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.