Zenner Facility: 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.
Zenner Facility
Largest movements
- Receivables within one year +€293,437
up €293,437 (+40.5%), from €725,065 to €1.0m
of which Other amounts receivable: +€289,739
- Tangible fixed assets +€95,246
up €95,246 (+39.0%), from €243,915 to €339,162
of which Furniture and vehicles: +€88,859
- Cash -€91,584
down €91,584 (-81.2%), from €112,795 to €21,211
mainly Receivables within one year (-€293,437) and Investment in fixed assets (net) (-€154,995)
- Intangible fixed assets -€22,333
down €22,333 (-21.0%), from €106,156 to €83,822
- Profit (loss) carried forward +€122,649
up €122,649 (+20.9%), from €586,331 to €708,979
- Debts after one year +€77,234
up €77,234 (+694.2%), from €11,125 to €88,359
- Short-term financial debts +€67,606
new in 2025: €67,606
- Accrued charges and deferred income +€57,688
new in 2025: €57,688
- Current portion of long-term debt -€50,321
down €50,321 (-67.0%), from €75,087 to €24,766
- Purchases and services -€1.0m
no longer reported in 2025 (was €1.0m)
- Staff costs +€303,291
up €303,291 (+31.5%), from €963,530 to €1.3m
- Gross operating margin +€303,151
up €303,151 (+24.8%), from €1.2m to €1.5m
- Depreciation +€15,367
up €15,367 (+24.2%), from €63,564 to €78,932
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 | €1,187,931 | €1,475,176 | +€287,245 | +24.2% |
| Fixed assets | 21/28 | €350,071 | €426,134 | +€76,063 | +21.7% |
| Intangible fixed assets | 21 | €106,156 | €83,822 | -€22,333 | -21.0% |
| Tangible fixed assets | 22/27 | €243,915 | €339,162 | +€95,246 | +39.0% |
| Plant, machinery and equipment | 23 | €35,209 | €42,233 | +€7,024 | +19.9% |
| Furniture and vehicles | 24 | €145,045 | €233,904 | +€88,859 | +61.3% |
| Other tangible fixed assets | 26 | €63,661 | €63,024 | -€637 | -1.0% |
| Financial fixed assets | 28 | - | €3,150 | +€3,150 | |
| Current assets | 29/58 | €837,860 | €1,049,042 | +€211,182 | +25.2% |
| Stocks and contracts in progress | 3 | - | €849 | +€849 | |
| Stocks | 30/36 | - | €849 | +€849 | |
| Amounts receivable within one year | 40/41 | €725,065 | €1,018,502 | +€293,437 | +40.5% |
| Trade receivables | 40 | €197,488 | €201,186 | +€3,698 | +1.9% |
| Other amounts receivable | 41 | €527,577 | €817,316 | +€289,739 | +54.9% |
| Current investments | 50/53 | - | €8,480 | +€8,480 | |
| Cash at bank and in hand | 54/58 | €112,795 | €21,211 | -€91,584 | -81.2% |
| Total equity and liabilities | 10/49 | €1,187,931 | €1,475,176 | +€287,245 | +24.2% |
| Equity | 10/15 | €697,700 | €820,349 | +€122,649 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,769 | €92,769 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,909 | €90,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | €586,331 | €708,979 | +€122,649 | +20.9% |
| Amounts payable | 17/49 | €490,231 | €654,827 | +€164,596 | +33.6% |
| Amounts payable after more than one year | 17 | €11,125 | €88,359 | +€77,234 | +694.2% |
| Financial debts | 170/4 | €11,125 | €88,359 | +€77,234 | +694.2% |
| Amounts payable within one year | 42/48 | €479,105 | €508,780 | +€29,675 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €75,087 | €24,766 | -€50,321 | -67.0% |
| Financial debts | 43 | - | €67,606 | +€67,606 | |
| Credit institutions | 430/8 | - | €67,606 | +€67,606 | |
| Trade debts | 44 | €297,127 | €286,495 | -€10,632 | -3.6% |
| Suppliers | 440/4 | €297,127 | €286,495 | -€10,632 | -3.6% |
| Taxes, remuneration and social security | 45 | €81,218 | €92,230 | +€11,013 | +13.6% |
| Taxes | 450/3 | €64,985 | €35,778 | -€29,207 | -44.9% |
| Remuneration and social security | 454/9 | €16,233 | €56,452 | +€40,220 | +247.8% |
| Other amounts payable | 47/48 | €25,674 | €37,683 | +€12,009 | +46.8% |
| Accrued charges and deferred income | 492/3 | - | €57,688 | +€57,688 | |
| Non-recurring operating income | 76A | €1,928 | - | -€1,928 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,049,468 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €963,530 | €1,266,820 | +€303,291 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,564 | €78,932 | +€15,367 | +24.2% |
| Other operating charges | 640/8 | €9,924 | €8,681 | -€1,242 | -12.5% |
| Gross operating margin | 9900 | €1,221,007 | €1,524,157 | +€303,151 | +24.8% |
| Operating profit (loss) | 9901 | €183,989 | €169,724 | -€14,265 | -7.8% |
| Financial income | 75/76B | €1,623 | €5,858 | +€4,235 | +261.0% |
| Recurring financial income | 75 | €1,623 | €5,279 | +€3,656 | +225.3% |
| Non-recurring financial income | 76B | - | €579 | +€579 | |
| Financial charges | 65/66B | €1,509 | €9,254 | +€7,745 | +513.2% |
| Recurring financial charges | 65 | €6,063 | €9,254 | +€3,191 | +52.6% |
| Non-recurring financial charges | 66B | -€4,554 | - | +€4,554 | |
| Profit (loss) for the period before taxes | 9903 | €184,103 | €166,328 | -€17,775 | -9.7% |
| Income taxes | 67/77 | €50,957 | €43,679 | -€7,278 | -14.3% |
| Profit (loss) for the period | 9904 | €133,145 | €122,649 | -€10,497 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €133,145 | €122,649 | -€10,497 | -7.9% |
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 10 October 2026 via checked.be.