ZENOMAX INC.: 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.
ZENOMAX INC.
Largest movements
- Tangible fixed assets -€19,473
down €19,473 (-1.6%), from €1.2m to €1.2m
of which Land and buildings: -€18,829
- Debts after one year -€17,431
down €17,431 (-9.0%), from €192,877 to €175,446
- Gross operating margin +€5,866
up €5,866 (+15.6%), from €37,604 to €43,470
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 | €1,184,788 | €1,168,188 | -€16,600 | -1.4% |
| Fixed assets | 21/28 | €1,183,284 | €1,163,811 | -€19,473 | -1.6% |
| Tangible fixed assets | 22/27 | €1,183,284 | €1,163,811 | -€19,473 | -1.6% |
| Land and buildings | 22 | €1,182,640 | €1,163,811 | -€18,829 | -1.6% |
| Furniture and vehicles | 24 | €644 | - | -€644 | |
| Current assets | 29/58 | €1,503 | €4,377 | +€2,873 | +191% |
| Amounts receivable within one year | 40/41 | €410 | €422 | +€13 | +3.1% |
| Trade receivables | 40 | €410 | €422 | +€13 | +3.1% |
| Cash at bank and in hand | 54/58 | €1,094 | €3,954 | +€2,860 | +262% |
| Total equity and liabilities | 10/49 | €1,184,788 | €1,168,188 | -€16,600 | -1.4% |
| Equity | 10/15 | -€28,911 | -€24,487 | +€4,424 | +15.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,911 | -€29,487 | +€4,424 | +13.0% |
| Amounts payable | 17/49 | €1,213,699 | €1,192,675 | -€21,024 | -1.7% |
| Amounts payable after more than one year | 17 | €192,877 | €175,446 | -€17,431 | -9.0% |
| Financial debts | 170/4 | €192,877 | €175,446 | -€17,431 | -9.0% |
| Amounts payable within one year | 42/48 | €1,020,822 | €1,017,229 | -€3,594 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €17,211 | €19,531 | +€2,320 | +13.5% |
| Other amounts payable | 47/48 | €1,003,611 | €997,698 | -€5,913 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,511 | €32,170 | -€341 | -1.1% |
| Other operating charges | 640/8 | €4,179 | €4,311 | +€132 | +3.2% |
| Gross operating margin | 9900 | €37,604 | €43,470 | +€5,866 | +15.6% |
| Operating profit (loss) | 9901 | €914 | €6,989 | +€6,075 | +665% |
| Financial charges | 65/66B | €2,782 | €2,565 | -€217 | -7.8% |
| Recurring financial charges | 65 | €2,782 | €2,565 | -€217 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,868 | €4,424 | +€6,292 | |
| Profit (loss) for the period | 9904 | -€1,868 | €4,424 | +€6,292 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,868 | €4,424 | +€6,292 |
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 24 October 2026 via checked.be.