ZENTRO: 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.
ZENTRO
Largest movements
- Stocks and contracts +€92,000
up €92,000 (+6133.3%), from €1,500 to €93,500
of which Contracts in progress: +€72,000
- Receivables within one year -€88,940
down €88,940 (-48.0%), from €185,361 to €96,421
of which Trade receivables: -€95,634
- Cash +€39,933
up €39,933 (+19.3%), from €206,489 to €246,422
mainly Receivables within one year (+€88,940) and Net result for the year (+€39,072)
- Tangible fixed assets -€9,636
down €9,636 (-75.8%), from €12,711 to €3,075
of which Furniture and vehicles: -€8,643
- Deferred charges and accrued income -€5,845
down €5,845 (-84.0%), from €6,960 to €1,115
- Reserves +€38,000
up €38,000 (+25.4%), from €149,336 to €187,336
of which Distributable reserves: +€38,000
- Other debts +€15,156
up €15,156 (+107.3%), from €14,128 to €29,284
- Advances received -€12,000
no longer reported in 2025 (was €12,000)
- Trade debts -€6,742
down €6,742 (-20.7%), from €32,565 to €25,823
- Current portion of long-term debt -€5,291
down €5,291 (-59.3%), from €8,927 to €3,636
- Gross operating margin -€70,684
down €70,684 (-51.4%), from €137,389 to €66,705
- Taxes -€18,277
down €18,277 (-55.2%), from €33,135 to €14,858
- Financial charges +€1,573
up €1,573 (+220.6%), from €713 to €2,286
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 | €413,021 | €440,533 | +€27,512 | +6.7% |
| Fixed assets | 21/28 | €12,711 | €3,075 | -€9,636 | -75.8% |
| Tangible fixed assets | 22/27 | €12,711 | €3,075 | -€9,636 | -75.8% |
| Plant, machinery and equipment | 23 | €1,187 | €194 | -€993 | -83.7% |
| Furniture and vehicles | 24 | €11,524 | €2,881 | -€8,643 | -75.0% |
| Current assets | 29/58 | €400,310 | €437,458 | +€37,148 | +9.3% |
| Stocks and contracts in progress | 3 | €1,500 | €93,500 | +€92,000 | +6133.3% |
| Stocks | 30/36 | €1,500 | €21,500 | +€20,000 | +1333.3% |
| Contracts in progress | 37 | - | €72,000 | +€72,000 | |
| Amounts receivable within one year | 40/41 | €185,361 | €96,421 | -€88,940 | -48.0% |
| Trade receivables | 40 | €175,684 | €80,050 | -€95,634 | -54.4% |
| Other amounts receivable | 41 | €9,677 | €16,371 | +€6,694 | +69.2% |
| Cash at bank and in hand | 54/58 | €206,489 | €246,422 | +€39,933 | +19.3% |
| Deferred charges and accrued income | 490/1 | €6,960 | €1,115 | -€5,845 | -84.0% |
| Total equity and liabilities | 10/49 | €413,021 | €440,533 | +€27,512 | +6.7% |
| Equity | 10/15 | €305,270 | €344,342 | +€39,072 | +12.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €149,336 | €187,336 | +€38,000 | +25.4% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,836 | €56,836 | = | 0.0% |
| Distributable reserves | 133 | €86,000 | €124,000 | +€38,000 | +44.2% |
| Profit (loss) carried forward | 14 | €90,934 | €92,006 | +€1,072 | +1.2% |
| Amounts payable | 17/49 | €107,751 | €96,191 | -€11,560 | -10.7% |
| Amounts payable after more than one year | 17 | €2,892 | - | -€2,892 | |
| Financial debts | 170/4 | €2,892 | - | -€2,892 | |
| Amounts payable within one year | 42/48 | €104,792 | €96,191 | -€8,601 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €8,927 | €3,636 | -€5,291 | -59.3% |
| Trade debts | 44 | €32,565 | €25,823 | -€6,742 | -20.7% |
| Suppliers | 440/4 | €32,565 | €25,823 | -€6,742 | -20.7% |
| Advances received on contracts in progress | 46 | €12,000 | - | -€12,000 | |
| Taxes, remuneration and social security | 45 | €37,172 | €37,448 | +€276 | +0.7% |
| Taxes | 450/3 | €34,010 | €33,992 | -€18 | -0.1% |
| Remuneration and social security | 454/9 | €3,162 | €3,456 | +€294 | +9.3% |
| Other amounts payable | 47/48 | €14,128 | €29,284 | +€15,156 | +107.3% |
| Accrued charges and deferred income | 492/3 | €67 | - | -€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,739 | €9,635 | -€104 | -1.1% |
| Other operating charges | 640/8 | €899 | €854 | -€45 | -5.0% |
| Gross operating margin | 9900 | €137,389 | €66,705 | -€70,684 | -51.4% |
| Operating profit (loss) | 9901 | €126,751 | €56,216 | -€70,535 | -55.6% |
| Financial charges | 65/66B | €713 | €2,286 | +€1,573 | +220.6% |
| Recurring financial charges | 65 | €713 | €2,286 | +€1,573 | +220.6% |
| Profit (loss) for the period before taxes | 9903 | €126,038 | €53,930 | -€72,108 | -57.2% |
| Income taxes | 67/77 | €33,135 | €14,858 | -€18,277 | -55.2% |
| Profit (loss) for the period | 9904 | €92,903 | €39,072 | -€53,831 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,903 | €39,072 | -€53,831 | -57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.