ZENTELIN: 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.
ZENTELIN
Largest movements
- Cash -€94,971
down €94,971 (-71.4%), from €132,980 to €38,009
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€38,435)
- Profit (loss) carried forward -€67,186
down €67,186 (-43.5%), from €154,401 to €87,215
- Debts after one year -€38,435
down €38,435 (-12.6%), from €305,751 to €267,315
- Trade debts +€12,678
up €12,678 (+38.8%), from €32,670 to €45,348
- Gross operating margin -€15,097
down €15,097 (-12.7%), from €118,966 to €103,868
- Financial income +€5,116
up €5,116 (+54.9%), from €9,321 to €14,437
- Taxes -€3,431
down €3,431 (-13.1%), from €26,223 to €22,792
- Financial charges -€1,386
down €1,386 (-10.1%), from €13,685 to €12,299
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 | €752,855 | €657,884 | -€94,971 | -12.6% |
| Fixed assets | 21/28 | €619,875 | €619,875 | = | 0.0% |
| Financial fixed assets | 28 | €619,875 | €619,875 | = | 0.0% |
| Current assets | 29/58 | €132,980 | €38,009 | -€94,971 | -71.4% |
| Cash at bank and in hand | 54/58 | €132,980 | €38,009 | -€94,971 | -71.4% |
| Total equity and liabilities | 10/49 | €752,855 | €657,884 | -€94,971 | -12.6% |
| Equity | 10/15 | €347,401 | €280,215 | -€67,186 | -19.3% |
| Contributions | 10/11 | €193,000 | €193,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,401 | €87,215 | -€67,186 | -43.5% |
| Amounts payable | 17/49 | €405,454 | €377,668 | -€27,786 | -6.9% |
| Amounts payable after more than one year | 17 | €305,751 | €267,315 | -€38,435 | -12.6% |
| Financial debts | 170/4 | €305,751 | €267,315 | -€38,435 | -12.6% |
| Amounts payable within one year | 42/48 | €99,703 | €110,353 | +€10,650 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €37,030 | €38,435 | +€1,405 | +3.8% |
| Trade debts | 44 | €32,670 | €45,348 | +€12,678 | +38.8% |
| Suppliers | 440/4 | €32,670 | €45,348 | +€12,678 | +38.8% |
| Taxes, remuneration and social security | 45 | €30,003 | €26,570 | -€3,434 | -11.4% |
| Taxes | 450/3 | €30,003 | €26,570 | -€3,434 | -11.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €118,966 | €103,868 | -€15,097 | -12.7% |
| Operating profit (loss) | 9901 | €118,578 | €103,469 | -€15,110 | -12.7% |
| Financial income | 75/76B | €9,321 | €14,437 | +€5,116 | +54.9% |
| Recurring financial income | 75 | €9,321 | €14,437 | +€5,116 | +54.9% |
| Financial charges | 65/66B | €13,685 | €12,299 | -€1,386 | -10.1% |
| Recurring financial charges | 65 | €13,685 | €12,299 | -€1,386 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €114,215 | €105,607 | -€8,608 | -7.5% |
| Income taxes | 67/77 | €26,223 | €22,792 | -€3,431 | -13.1% |
| Profit (loss) for the period | 9904 | €87,991 | €82,814 | -€5,177 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,991 | €82,814 | -€5,177 | -5.9% |
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.