Zenotech: what changed
Two fiscal 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.
Zenotech
Largest movements
- Receivables within one year +€37,047
up €37,047 (+144.9%), from €25,559 to €62,606
of which Trade receivables: +€36,877
- Tangible fixed assets -€10,237
down €10,237 (-17.8%), from €57,478 to €47,241
of which Furniture and vehicles: -€10,672
- Reserves +€16,937
up €16,937 (+8.1%), from €209,448 to €226,385
- Tax, wage and social debts +€4,717
up €4,717 (+25.6%), from €18,425 to €23,142
- Gross operating margin -€7,994
down €7,994 (-5.5%), from €145,064 to €137,070
- Taxes -€3,659
down €3,659 (-12.4%), from €29,448 to €25,789
- Depreciation +€1,833
up €1,833 (+10.8%), from €16,927 to €18,761
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 | €248,475 | €273,731 | +€25,256 | +10.2% |
| Fixed assets | 21/28 | €57,478 | €47,241 | -€10,237 | -17.8% |
| Tangible fixed assets | 22/27 | €57,478 | €47,241 | -€10,237 | -17.8% |
| Plant, machinery and equipment | 23 | €3,194 | €3,628 | +€435 | +13.6% |
| Furniture and vehicles | 24 | €54,285 | €43,613 | -€10,672 | -19.7% |
| Current assets | 29/58 | €190,997 | €226,490 | +€35,493 | +18.6% |
| Amounts receivable within one year | 40/41 | €25,559 | €62,606 | +€37,047 | +144.9% |
| Trade receivables | 40 | €16,818 | €53,695 | +€36,877 | +219.3% |
| Other amounts receivable | 41 | €8,741 | €8,910 | +€170 | +1.9% |
| Cash at bank and in hand | 54/58 | €163,914 | €163,020 | -€894 | -0.5% |
| Deferred charges and accrued income | 490/1 | €1,524 | €864 | -€660 | -43.3% |
| Total equity and liabilities | 10/49 | €248,475 | €273,731 | +€25,256 | +10.2% |
| Equity | 10/15 | €229,448 | €246,385 | +€16,937 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €209,448 | €226,385 | +€16,937 | +8.1% |
| Distributable reserves | 133 | €209,448 | €226,385 | +€16,937 | +8.1% |
| Amounts payable | 17/49 | €19,028 | €27,346 | +€8,318 | +43.7% |
| Amounts payable within one year | 42/48 | €18,921 | €27,260 | +€8,339 | +44.1% |
| Trade debts | 44 | €496 | €1,618 | +€1,121 | +225.9% |
| Suppliers | 440/4 | €496 | €1,618 | +€1,121 | +225.9% |
| Taxes, remuneration and social security | 45 | €18,425 | €23,142 | +€4,717 | +25.6% |
| Taxes | 450/3 | €18,425 | €23,142 | +€4,717 | +25.6% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Accrued charges and deferred income | 492/3 | €106 | €86 | -€21 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,927 | €18,761 | +€1,833 | +10.8% |
| Other operating charges | 640/8 | €7 | - | -€7 | |
| Gross operating margin | 9900 | €145,064 | €137,070 | -€7,994 | -5.5% |
| Operating profit (loss) | 9901 | €128,130 | €118,310 | -€9,821 | -7.7% |
| Financial income | 75/76B | €534 | €19 | -€516 | -96.5% |
| Recurring financial income | 75 | €534 | €19 | -€516 | -96.5% |
| Financial charges | 65/66B | €276 | €602 | +€326 | +118.0% |
| Recurring financial charges | 65 | €276 | €602 | +€326 | +118.0% |
| Profit (loss) for the period before taxes | 9903 | €128,388 | €117,726 | -€10,662 | -8.3% |
| Income taxes | 67/77 | €29,448 | €25,789 | -€3,659 | -12.4% |
| Profit (loss) for the period | 9904 | €98,941 | €91,937 | -€7,003 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €98,941 | €91,937 | -€7,003 | -7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.