ZENON CONSEIL: 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.
ZENON CONSEIL
Largest movements
- Tangible fixed assets -€26,611
down €26,611 (-8.7%), from €306,973 to €280,362
- Profit (loss) carried forward -€30,659
down €30,659 (-12.4%), from -€247,349 to -€278,008
- Other debts +€6,809
up €6,809 (+1.3%), from €541,088 to €547,897
- Tax, wage and social debts -€4,121
down €4,121 (-100%), from €4,121 to €0
- Financial charges -€4,591
down €4,591 (-96.8%), from €4,744 to €153
- Gross operating margin -€1,732
down €1,732, from €1,657 to -€75
- Other operating charges +€779
up €779 (+25.6%), from €3,040 to €3,819
- Depreciation -€729
down €729 (-2.7%), from €27,340 to €26,611
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 | €310,260 | €285,080 | -€25,179 | -8.1% |
| Fixed assets | 21/28 | €306,973 | €280,362 | -€26,611 | -8.7% |
| Tangible fixed assets | 22/27 | €306,973 | €280,362 | -€26,611 | -8.7% |
| Land and buildings | 22 | €306,973 | €280,362 | -€26,611 | -8.7% |
| Current assets | 29/58 | €3,287 | €4,719 | +€1,432 | +43.6% |
| Amounts receivable within one year | 40/41 | €1,446 | €3,849 | +€2,403 | +166% |
| Trade receivables | 40 | - | €3,310 | +€3,310 | |
| Other amounts receivable | 41 | €1,446 | €540 | -€906 | -62.7% |
| Cash at bank and in hand | 54/58 | €1,840 | €869 | -€971 | -52.8% |
| Total equity and liabilities | 10/49 | €310,260 | €285,080 | -€25,179 | -8.1% |
| Equity | 10/15 | -€234,949 | -€265,608 | -€30,659 | -13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,349 | -€278,008 | -€30,659 | -12.4% |
| Amounts payable | 17/49 | €545,209 | €550,688 | +€5,479 | +1.0% |
| Amounts payable within one year | 42/48 | €545,209 | €550,688 | +€5,479 | +1.0% |
| Trade debts | 44 | - | €2,791 | +€2,791 | |
| Suppliers | 440/4 | - | €2,791 | +€2,791 | |
| Taxes, remuneration and social security | 45 | €4,121 | €0 | -€4,121 | -100% |
| Taxes | 450/3 | €4,121 | €0 | -€4,121 | -100% |
| Other amounts payable | 47/48 | €541,088 | €547,897 | +€6,809 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,340 | €26,611 | -€729 | -2.7% |
| Other operating charges | 640/8 | €3,040 | €3,819 | +€779 | +25.6% |
| Gross operating margin | 9900 | €1,657 | -€75 | -€1,732 | |
| Operating profit (loss) | 9901 | -€28,723 | -€30,505 | -€1,782 | -6.2% |
| Financial charges | 65/66B | €4,744 | €153 | -€4,591 | -96.8% |
| Recurring financial charges | 65 | €4,744 | €153 | -€4,591 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,467 | -€30,659 | +€2,808 | +8.4% |
| Profit (loss) for the period | 9904 | -€33,467 | -€30,659 | +€2,808 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,467 | -€30,659 | +€2,808 | +8.4% |
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 19 October 2026 via checked.be.