zent: 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.
zent
Largest movements
- Cash +€24,182
up €24,182 (+16.5%), from €146,830 to €171,012
mainly Depreciation (+€11,639) and Net result for the year (+€10,072)
- Tangible fixed assets -€8,958
down €8,958 (-5.2%), from €173,701 to €164,743
of which Land and buildings: -€10,742
- Reserves +€9,239
up €9,239 (+6.7%), from €137,508 to €146,747
of which Distributable reserves: +€9,239
- Other debts +€3,565
up €3,565 (+3.8%), from €93,243 to €96,808
- Gross operating margin +€12,973
up €12,973 (+90.8%), from €14,293 to €27,266
- Taxes +€3,362
up €3,362 (+601%), from €559 to €3,921
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 | €322,687 | €336,525 | +€13,838 | +4.3% |
| Fixed assets | 21/28 | €173,701 | €164,743 | -€8,958 | -5.2% |
| Tangible fixed assets | 22/27 | €173,701 | €164,743 | -€8,958 | -5.2% |
| Land and buildings | 22 | €172,993 | €162,251 | -€10,742 | -6.2% |
| Plant, machinery and equipment | 23 | €708 | €2,492 | +€1,784 | +252% |
| Current assets | 29/58 | €148,986 | €171,782 | +€22,796 | +15.3% |
| Amounts receivable within one year | 40/41 | €1,166 | €302 | -€864 | -74.1% |
| Trade receivables | 40 | €895 | €46 | -€849 | -94.8% |
| Other amounts receivable | 41 | €271 | €256 | -€15 | -5.5% |
| Cash at bank and in hand | 54/58 | €146,830 | €171,012 | +€24,182 | +16.5% |
| Deferred charges and accrued income | 490/1 | €990 | €468 | -€522 | -52.7% |
| Total equity and liabilities | 10/49 | €322,687 | €336,525 | +€13,838 | +4.3% |
| Equity | 10/15 | €157,508 | €166,747 | +€9,239 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,508 | €146,747 | +€9,239 | +6.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €135,508 | €144,747 | +€9,239 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,179 | €169,777 | +€4,599 | +2.8% |
| Amounts payable after more than one year | 17 | €68,000 | €68,000 | = | 0.0% |
| Trade debts | 175 | €68,000 | €68,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,163 | €101,761 | +€4,598 | +4.7% |
| Trade debts | 44 | €1,345 | €1,539 | +€194 | +14.4% |
| Suppliers | 440/4 | €1,345 | €1,539 | +€194 | +14.4% |
| Taxes, remuneration and social security | 45 | €2,575 | €3,414 | +€839 | +32.6% |
| Taxes | 450/3 | €2,575 | €2,614 | +€39 | +1.5% |
| Remuneration and social security | 454/9 | €0 | €800 | +€800 | |
| Other amounts payable | 47/48 | €93,243 | €96,808 | +€3,565 | +3.8% |
| Accrued charges and deferred income | 492/3 | €15 | €16 | +€1 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,738 | €11,639 | -€99 | -0.8% |
| Other operating charges | 640/8 | €2,447 | €2,536 | +€90 | +3.7% |
| Gross operating margin | 9900 | €14,293 | €27,266 | +€12,973 | +90.8% |
| Operating profit (loss) | 9901 | €108 | €13,091 | +€12,983 | +12,002% |
| Financial income | 75/76B | €1,128 | €1,005 | -€123 | -10.9% |
| Recurring financial income | 75 | €1,128 | €1,005 | -€123 | -10.9% |
| Financial charges | 65/66B | €96 | €102 | +€6 | +6.6% |
| Recurring financial charges | 65 | €96 | €102 | +€6 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €1,141 | €13,993 | +€12,853 | +1,127% |
| Income taxes | 67/77 | €559 | €3,921 | +€3,362 | +601% |
| Profit (loss) for the period | 9904 | €581 | €10,072 | +€9,491 | +1,634% |
| Profit (loss) for the period to be appropriated | 9905 | €581 | €10,072 | +€9,491 | +1,634% |
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 14 October 2026 via checked.be.