ZENOTRADING: 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.
ZENOTRADING
Largest movements
- Receivables within one year +€54,989
up €54,989 (+131%), from €41,947 to €96,936
of which Trade receivables: +€29,183
- Tangible fixed assets -€2,712
down €2,712 (-43.6%), from €6,217 to €3,505
of which Furniture and vehicles: -€2,416
- Cash +€2,403
up €2,403 (+28.2%), from €8,514 to €10,917
mainly Advances received (+€50,000) and Trade debts (+€11,547)
- Advances received +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€20,093
down €20,093 (-66.6%), from €30,170 to €10,077
- Trade debts +€11,547
new in 2025: €11,547
- Profit (loss) carried forward +€11,051
up €11,051 (+48.2%), from €22,914 to €33,965
- Accrued charges and deferred income +€1,992
new in 2025: €1,992
- Taxes -€13,832
down €13,832, from €11,300 to -€2,532
- Gross operating margin +€3,502
up €3,502 (+41.9%), from €8,363 to €11,865
- Depreciation -€2,391
down €2,391 (-46.9%), from €5,103 to €2,712
- Other operating charges -€407
down €407 (-57.6%), from €707 to €300
- Financial charges +€167
up €167 (+100.0%), from €167 to €334
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 | €56,677 | €111,358 | +€54,681 | +96.5% |
| Fixed assets | 21/28 | €6,217 | €3,505 | -€2,712 | -43.6% |
| Tangible fixed assets | 22/27 | €6,217 | €3,505 | -€2,712 | -43.6% |
| Plant, machinery and equipment | 23 | €986 | €690 | -€296 | -30.0% |
| Furniture and vehicles | 24 | €5,231 | €2,815 | -€2,416 | -46.2% |
| Current assets | 29/58 | €50,460 | €107,853 | +€57,393 | +114% |
| Amounts receivable within one year | 40/41 | €41,947 | €96,936 | +€54,989 | +131% |
| Trade receivables | 40 | €39,302 | €68,485 | +€29,183 | +74.3% |
| Other amounts receivable | 41 | €2,645 | €28,451 | +€25,807 | +976% |
| Cash at bank and in hand | 54/58 | €8,514 | €10,917 | +€2,403 | +28.2% |
| Total equity and liabilities | 10/49 | €56,677 | €111,358 | +€54,681 | +96.5% |
| Equity | 10/15 | €23,914 | €34,965 | +€11,051 | +46.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,914 | €33,965 | +€11,051 | +48.2% |
| Amounts payable | 17/49 | €32,763 | €76,393 | +€43,630 | +133% |
| Amounts payable within one year | 42/48 | €32,763 | €74,401 | +€41,638 | +127% |
| Trade debts | 44 | - | €11,547 | +€11,547 | |
| Suppliers | 440/4 | - | €11,547 | +€11,547 | |
| Advances received on contracts in progress | 46 | - | €50,000 | +€50,000 | |
| Taxes, remuneration and social security | 45 | €30,170 | €10,077 | -€20,093 | -66.6% |
| Taxes | 450/3 | €30,170 | €10,077 | -€20,093 | -66.6% |
| Other amounts payable | 47/48 | €2,593 | €2,777 | +€184 | +7.1% |
| Accrued charges and deferred income | 492/3 | - | €1,992 | +€1,992 | |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,103 | €2,712 | -€2,391 | -46.9% |
| Other operating charges | 640/8 | €707 | €300 | -€407 | -57.6% |
| Gross operating margin | 9900 | €8,363 | €11,865 | +€3,502 | +41.9% |
| Operating profit (loss) | 9901 | €2,553 | €8,853 | +€6,300 | +247% |
| Financial charges | 65/66B | €167 | €334 | +€167 | +100.0% |
| Recurring financial charges | 65 | €167 | €334 | +€167 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,386 | €8,519 | +€6,133 | +257% |
| Income taxes | 67/77 | €11,300 | -€2,532 | -€13,832 | |
| Profit (loss) for the period | 9904 | -€8,913 | €11,051 | +€19,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,913 | €11,051 | +€19,964 |
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 16 October 2026 via checked.be.