ZENSATI: 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.
ZENSATI
Largest movements
- Tangible fixed assets -€15,482
down €15,482 (-5.8%), from €267,042 to €251,560
- Debts after one year -€32,178
down €32,178 (-13.4%), from €239,316 to €207,138
of which Financial debts: -€43,678
- Other debts +€11,968
up €11,968 (+26595.6%), from €45 to €12,013
- Current portion of long-term debt +€4,157
up €4,157 (+22.7%), from €18,287 to €22,444
- Reserves +€3,000
up €3,000 (+17.8%), from €16,860 to €19,860
of which Distributable reserves: +€3,000
- Taxes +€4,965
up €4,965 (+392.5%), from €1,265 to €6,230
- Gross operating margin -€4,543
down €4,543 (-9.1%), from €49,933 to €45,390
- Depreciation -€3,402
down €3,402 (-18.0%), from €18,884 to €15,482
- Other operating charges +€1,202
up €1,202 (+229.0%), from €525 to €1,727
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 | €298,570 | €286,778 | -€11,792 | -3.9% |
| Fixed assets | 21/28 | €267,042 | €251,560 | -€15,482 | -5.8% |
| Tangible fixed assets | 22/27 | €267,042 | €251,560 | -€15,482 | -5.8% |
| Land and buildings | 22 | €233,212 | €227,216 | -€5,996 | -2.6% |
| Plant, machinery and equipment | 23 | €17,476 | €10,774 | -€6,702 | -38.3% |
| Furniture and vehicles | 24 | €634 | - | -€634 | |
| Other tangible fixed assets | 26 | €15,720 | €13,570 | -€2,150 | -13.7% |
| Current assets | 29/58 | €31,528 | €35,218 | +€3,690 | +11.7% |
| Stocks and contracts in progress | 3 | €6,041 | €5,994 | -€47 | -0.8% |
| Stocks | 30/36 | €6,041 | €5,994 | -€47 | -0.8% |
| Amounts receivable within one year | 40/41 | €21 | €1,291 | +€1,270 | +6047.6% |
| Other amounts receivable | 41 | €21 | €1,291 | +€1,270 | +6047.6% |
| Cash at bank and in hand | 54/58 | €24,561 | €27,012 | +€2,451 | +10.0% |
| Deferred charges and accrued income | 490/1 | €905 | €921 | +€16 | +1.8% |
| Total equity and liabilities | 10/49 | €298,570 | €286,778 | -€11,792 | -3.9% |
| Equity | 10/15 | €36,023 | €39,070 | +€3,047 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €19,860 | +€3,000 | +17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Profit (loss) carried forward | 14 | €563 | €610 | +€47 | +8.3% |
| Amounts payable | 17/49 | €262,547 | €247,708 | -€14,839 | -5.7% |
| Amounts payable after more than one year | 17 | €239,316 | €207,138 | -€32,178 | -13.4% |
| Financial debts | 170/4 | €220,316 | €176,638 | -€43,678 | -19.8% |
| Other amounts payable | 178/9 | €19,000 | €30,500 | +€11,500 | +60.5% |
| Amounts payable within one year | 42/48 | €23,231 | €40,570 | +€17,339 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €18,287 | €22,444 | +€4,157 | +22.7% |
| Trade debts | 44 | €237 | €406 | +€169 | +71.3% |
| Suppliers | 440/4 | €237 | €406 | +€169 | +71.3% |
| Taxes, remuneration and social security | 45 | €4,662 | €5,707 | +€1,045 | +22.4% |
| Taxes | 450/3 | €4,662 | €5,707 | +€1,045 | +22.4% |
| Other amounts payable | 47/48 | €45 | €12,013 | +€11,968 | +26595.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,884 | €15,482 | -€3,402 | -18.0% |
| Other operating charges | 640/8 | €525 | €1,727 | +€1,202 | +229.0% |
| Gross operating margin | 9900 | €49,933 | €45,390 | -€4,543 | -9.1% |
| Operating profit (loss) | 9901 | €30,524 | €28,181 | -€2,343 | -7.7% |
| Financial charges | 65/66B | €4,874 | €4,904 | +€30 | +0.6% |
| Recurring financial charges | 65 | €4,874 | €4,904 | +€30 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €25,650 | €23,277 | -€2,373 | -9.3% |
| Income taxes | 67/77 | €1,265 | €6,230 | +€4,965 | +392.5% |
| Profit (loss) for the period | 9904 | €24,385 | €17,047 | -€7,338 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,385 | €17,047 | -€7,338 | -30.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.