ZENTO: 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.
ZENTO
Largest movements
- Cash -€53,951
down €53,951 (-47.4%), from €113,703 to €59,753
mainly Debts after one year (-€50,851) and Receivables within one year (-€18,598)
- Receivables within one year +€18,598
up €18,598 (+3692.8%), from €504 to €19,102
of which Trade receivables: +€17,680
- Tangible fixed assets -€8,321
down €8,321 (-5.1%), from €162,571 to €154,250
of which Land and buildings: -€4,363
- Debts after one year -€50,851
down €50,851 (-46.1%), from €110,242 to €59,391
of which Other amounts payable: -€37,000
- Trade debts +€14,798
up €14,798 (+356.1%), from €4,155 to €18,953
- Tax, wage and social debts -€11,448
down €11,448 (-32.0%), from €35,730 to €24,282
- Accrued charges and deferred income +€4,448
up €4,448 (+7.5%), from €59,054 to €63,501
- Gross operating margin -€33,531
down €33,531 (-62.2%), from €53,871 to €20,340
- Taxes -€10,977
down €10,977 (-72.9%), from €15,053 to €4,077
- Financial charges -€944
down €944 (-19.7%), from €4,795 to €3,851
- Depreciation -€610
down €610 (-6.3%), from €9,695 to €9,086
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 | €425,706 | €383,286 | -€42,420 | -10.0% |
| Fixed assets | 21/28 | €311,286 | €303,165 | -€8,121 | -2.6% |
| Tangible fixed assets | 22/27 | €162,571 | €154,250 | -€8,321 | -5.1% |
| Land and buildings | 22 | €117,459 | €113,096 | -€4,363 | -3.7% |
| Plant, machinery and equipment | 23 | €35,665 | €34,691 | -€974 | -2.7% |
| Furniture and vehicles | 24 | €9,447 | €6,464 | -€2,983 | -31.6% |
| Financial fixed assets | 28 | €148,715 | €148,915 | +€200 | +0.1% |
| Current assets | 29/58 | €114,420 | €80,121 | -€34,299 | -30.0% |
| Stocks and contracts in progress | 3 | €213 | - | -€213 | |
| Stocks | 30/36 | €213 | - | -€213 | |
| Amounts receivable within one year | 40/41 | €504 | €19,102 | +€18,598 | +3692.8% |
| Trade receivables | 40 | €504 | €18,183 | +€17,680 | +3510.4% |
| Other amounts receivable | 41 | - | €918 | +€918 | |
| Cash at bank and in hand | 54/58 | €113,703 | €59,753 | -€53,951 | -47.4% |
| Deferred charges and accrued income | 490/1 | - | €1,266 | +€1,266 | |
| Total equity and liabilities | 10/49 | €425,706 | €383,286 | -€42,420 | -10.0% |
| Equity | 10/15 | €80,316 | €81,217 | +€902 | +1.1% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €22,477 | €22,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,005 | €1,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,005 | €1,005 | = | 0.0% |
| Distributable reserves | 133 | €21,472 | €21,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,839 | €44,740 | +€902 | +2.1% |
| Provisions and deferred taxes | 16 | €122,091 | €122,091 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €122,091 | €122,091 | = | 0.0% |
| Pensions and similar obligations | 160 | €122,091 | €122,091 | = | 0.0% |
| Amounts payable | 17/49 | €223,299 | €179,977 | -€43,322 | -19.4% |
| Amounts payable after more than one year | 17 | €110,242 | €59,391 | -€50,851 | -46.1% |
| Financial debts | 170/4 | €73,242 | €59,391 | -€13,851 | -18.9% |
| Other amounts payable | 178/9 | €37,000 | - | -€37,000 | |
| Amounts payable within one year | 42/48 | €54,004 | €57,086 | +€3,082 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €13,575 | €13,851 | +€276 | +2.0% |
| Trade debts | 44 | €4,155 | €18,953 | +€14,798 | +356.1% |
| Suppliers | 440/4 | €4,155 | €18,953 | +€14,798 | +356.1% |
| Taxes, remuneration and social security | 45 | €35,730 | €24,282 | -€11,448 | -32.0% |
| Taxes | 450/3 | €35,730 | €24,282 | -€11,448 | -32.0% |
| Other amounts payable | 47/48 | €544 | - | -€544 | |
| Accrued charges and deferred income | 492/3 | €59,054 | €63,501 | +€4,448 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,695 | €9,086 | -€610 | -6.3% |
| Other operating charges | 640/8 | €2,854 | €2,450 | -€404 | -14.2% |
| Gross operating margin | 9900 | €53,871 | €20,340 | -€33,531 | -62.2% |
| Operating profit (loss) | 9901 | €41,322 | €8,805 | -€32,517 | -78.7% |
| Financial income | 75/76B | €0 | €25 | +€25 | +248700.0% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +248700.0% |
| Financial charges | 65/66B | €4,795 | €3,851 | -€944 | -19.7% |
| Recurring financial charges | 65 | €4,795 | €3,851 | -€944 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €36,526 | €4,979 | -€31,548 | -86.4% |
| Income taxes | 67/77 | €15,053 | €4,077 | -€10,977 | -72.9% |
| Profit (loss) for the period | 9904 | €21,473 | €902 | -€20,571 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,473 | €902 | -€20,571 | -95.8% |
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 8 October 2026 via checked.be.