Zenologic: 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.
Zenologic
Largest movements
- Tangible fixed assets +€30,816
up €30,816 (+12.6%), from €245,131 to €275,947
of which Land and buildings: +€28,954
- Cash +€14,904
up €14,904 (+107.6%), from €13,852 to €28,756
mainly Net result for the year (+€79,814) and Depreciation (+€23,603)
- Receivables within one year -€9,715
down €9,715 (-70.0%), from €13,871 to €4,156
of which Trade receivables: -€8,961
- Profit (loss) carried forward +€79,814
up €79,814 (+122.9%), from €64,932 to €144,747
- Other debts -€41,382
down €41,382 (-22.8%), from €181,818 to €140,436
- Trade debts -€6,866
down €6,866 (-100.0%), from €6,866 to €0
- Tax, wage and social debts +€4,570
up €4,570 (+27.6%), from €16,545 to €21,115
- Gross operating margin +€19,317
up €19,317 (+18.1%), from €106,901 to €126,218
- Taxes +€4,570
up €4,570 (+27.6%), from €16,545 to €21,115
- Depreciation -€1,288
down €1,288 (-5.2%), from €24,891 to €23,603
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 | €273,162 | €309,298 | +€36,136 | +13.2% |
| Fixed assets | 21/28 | €245,131 | €275,947 | +€30,816 | +12.6% |
| Tangible fixed assets | 22/27 | €245,131 | €275,947 | +€30,816 | +12.6% |
| Land and buildings | 22 | €241,135 | €270,089 | +€28,954 | +12.0% |
| Furniture and vehicles | 24 | €3,996 | €5,858 | +€1,862 | +46.6% |
| Current assets | 29/58 | €28,030 | €33,350 | +€5,320 | +19.0% |
| Amounts receivable within one year | 40/41 | €13,871 | €4,156 | -€9,715 | -70.0% |
| Trade receivables | 40 | €13,000 | €4,039 | -€8,961 | -68.9% |
| Other amounts receivable | 41 | €871 | €116 | -€755 | -86.6% |
| Cash at bank and in hand | 54/58 | €13,852 | €28,756 | +€14,904 | +107.6% |
| Deferred charges and accrued income | 490/1 | €307 | €438 | +€131 | +42.8% |
| Total equity and liabilities | 10/49 | €273,162 | €309,298 | +€36,136 | +13.2% |
| Equity | 10/15 | €67,932 | €147,747 | +€79,814 | +117.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,932 | €144,747 | +€79,814 | +122.9% |
| Amounts payable | 17/49 | €205,229 | €161,551 | -€43,678 | -21.3% |
| Amounts payable within one year | 42/48 | €205,229 | €161,551 | -€43,678 | -21.3% |
| Trade debts | 44 | €6,866 | €0 | -€6,866 | -100.0% |
| Suppliers | 440/4 | €6,866 | €0 | -€6,866 | -100.0% |
| Taxes, remuneration and social security | 45 | €16,545 | €21,115 | +€4,570 | +27.6% |
| Taxes | 450/3 | €16,545 | €21,115 | +€4,570 | +27.6% |
| Other amounts payable | 47/48 | €181,818 | €140,436 | -€41,382 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,891 | €23,603 | -€1,288 | -5.2% |
| Other operating charges | 640/8 | €511 | €1,575 | +€1,064 | +208.3% |
| Gross operating margin | 9900 | €106,901 | €126,218 | +€19,317 | +18.1% |
| Operating profit (loss) | 9901 | €81,499 | €101,040 | +€19,540 | +24.0% |
| Financial charges | 65/66B | €22 | €110 | +€88 | +399.2% |
| Recurring financial charges | 65 | €22 | €110 | +€88 | +399.2% |
| Profit (loss) for the period before taxes | 9903 | €81,477 | €100,930 | +€19,452 | +23.9% |
| Income taxes | 67/77 | €16,545 | €21,115 | +€4,570 | +27.6% |
| Profit (loss) for the period | 9904 | €64,932 | €79,814 | +€14,882 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,932 | €79,814 | +€14,882 | +22.9% |
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 10 October 2026 via checked.be.