ZENO CONSULTING: 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.
ZENO CONSULTING
Largest movements
- Tangible fixed assets +€48,076
up €48,076 (+164%), from €29,321 to €77,397
of which Furniture and vehicles: +€48,197
- Receivables within one year -€15,190
down €15,190 (-49.3%), from €30,806 to €15,616
of which Trade receivables: -€15,137
- Cash +€7,491
up €7,491 (+8.3%), from €90,153 to €97,644
mainly Net result for the year (+€41,805) and Depreciation (+€18,975)
- Reserves +€26,235
up €26,235 (+24.4%), from €107,343 to €133,578
of which Distributable reserves: +€26,235
- Other debts +€8,772
up €8,772 (+125%), from €7,001 to €15,773
- Trade debts +€5,317
up €5,317 (+1,225%), from €434 to €5,751
- Gross operating margin +€19,764
up €19,764 (+34.2%), from €57,772 to €77,536
- Purchases and services -€10,066
down €10,066 (-9.3%), from €108,249 to €98,183
- Taxes +€5,209
up €5,209 (+46.7%), from €11,159 to €16,367
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 | €151,996 | €190,764 | +€38,768 | +25.5% |
| Fixed assets | 21/28 | €29,388 | €77,464 | +€48,076 | +164% |
| Tangible fixed assets | 22/27 | €29,321 | €77,397 | +€48,076 | +164% |
| Furniture and vehicles | 24 | €28,509 | €76,706 | +€48,197 | +169% |
| Other tangible fixed assets | 26 | €812 | €690 | -€122 | -15.0% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €122,608 | €113,300 | -€9,308 | -7.6% |
| Amounts receivable within one year | 40/41 | €30,806 | €15,616 | -€15,190 | -49.3% |
| Trade receivables | 40 | €30,710 | €15,573 | -€15,137 | -49.3% |
| Other amounts receivable | 41 | €96 | €43 | -€53 | -55.0% |
| Cash at bank and in hand | 54/58 | €90,153 | €97,644 | +€7,491 | +8.3% |
| Deferred charges and accrued income | 490/1 | €1,648 | €39 | -€1,609 | -97.6% |
| Total equity and liabilities | 10/49 | €151,996 | €190,764 | +€38,768 | +25.5% |
| Equity | 10/15 | €134,274 | €160,508 | +€26,235 | +19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,343 | €133,578 | +€26,235 | +24.4% |
| 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 | €105,483 | €131,718 | +€26,235 | +24.9% |
| Profit (loss) carried forward | 14 | €20,730 | €20,730 | = | 0.0% |
| Amounts payable | 17/49 | €17,722 | €30,255 | +€12,533 | +70.7% |
| Amounts payable within one year | 42/48 | €17,722 | €30,255 | +€12,533 | +70.7% |
| Trade debts | 44 | €434 | €5,751 | +€5,317 | +1,225% |
| Suppliers | 440/4 | €434 | €5,751 | +€5,317 | +1,225% |
| Taxes, remuneration and social security | 45 | €10,288 | €8,732 | -€1,556 | -15.1% |
| Taxes | 450/3 | €10,288 | €8,732 | -€1,556 | -15.1% |
| Other amounts payable | 47/48 | €7,001 | €15,773 | +€8,772 | +125% |
| Non-recurring operating income | 76A | - | €7,336 | +€7,336 | |
| Goods, raw materials, services and sundry goods | 60/61 | €108,249 | €98,183 | -€10,066 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,084 | €18,975 | -€109 | -0.6% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €57,772 | €77,536 | +€19,764 | +34.2% |
| Operating profit (loss) | 9901 | €38,239 | €58,100 | +€19,861 | +51.9% |
| Financial income | 75/76B | €322 | €145 | -€177 | -55.0% |
| Recurring financial income | 75 | €322 | €145 | -€177 | -55.0% |
| Financial charges | 65/66B | €68 | €73 | +€5 | +7.3% |
| Recurring financial charges | 65 | €68 | €73 | +€5 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €38,493 | €58,172 | +€19,679 | +51.1% |
| Income taxes | 67/77 | €11,159 | €16,367 | +€5,209 | +46.7% |
| Profit (loss) for the period | 9904 | €27,334 | €41,805 | +€14,471 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,334 | €41,805 | +€14,471 | +52.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.