ZENYT: 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.
ZENYT
Largest movements
- Receivables within one year -€6,182
down €6,182 (-60.7%), from €10,181 to €3,999
of which Trade receivables: -€5,665
- Stocks and contracts -€3,785
down €3,785 (-2.0%), from €192,645 to €188,860
- Tax, wage and social debts -€8,725
down €8,725 (-21.6%), from €40,393 to €31,668
- Current portion of long-term debt -€8,524
down €8,524 (-74.0%), from €11,524 to €3,000
- Other debts +€5,999
up €5,999 (+14.0%), from €42,833 to €48,833
- Profit (loss) carried forward +€5,087
up €5,087 (+9.2%), from €55,019 to €60,106
- Trade debts -€4,258
down €4,258 (-38.6%), from €11,035 to €6,778
- Gross operating margin +€2,110
up €2,110 (+24.7%), from €8,528 to €10,638
- Other operating charges -€1,562
down €1,562 (-63.5%), from €2,459 to €897
- Financial charges -€761
down €761 (-23.6%), from €3,226 to €2,464
- Taxes +€627
up €627 (+91.4%), from €687 to €1,314
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 | €205,450 | €194,626 | -€10,825 | -5.3% |
| Fixed assets | 21/28 | €2,624 | €1,748 | -€876 | -33.4% |
| Tangible fixed assets | 22/27 | €2,624 | €1,748 | -€876 | -33.4% |
| Plant, machinery and equipment | 23 | €207 | €0 | -€207 | -100.0% |
| Furniture and vehicles | 24 | €2,417 | €1,748 | -€669 | -27.7% |
| Current assets | 29/58 | €202,826 | €192,877 | -€9,949 | -4.9% |
| Stocks and contracts in progress | 3 | €192,645 | €188,860 | -€3,785 | -2.0% |
| Stocks | 30/36 | €192,645 | €188,860 | -€3,785 | -2.0% |
| Amounts receivable within one year | 40/41 | €10,181 | €3,999 | -€6,182 | -60.7% |
| Trade receivables | 40 | €5,665 | - | -€5,665 | |
| Other amounts receivable | 41 | €4,516 | €3,999 | -€517 | -11.4% |
| Cash at bank and in hand | 54/58 | €1 | €17 | +€17 | +3,316% |
| Total equity and liabilities | 10/49 | €205,450 | €194,626 | -€10,825 | -5.3% |
| Equity | 10/15 | €91,519 | €96,606 | +€5,087 | +5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,500 | €16,500 | = | 0.0% |
| 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 | €14,500 | €14,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,019 | €60,106 | +€5,087 | +9.2% |
| Amounts payable | 17/49 | €113,931 | €98,019 | -€15,912 | -14.0% |
| Amounts payable within one year | 42/48 | €113,931 | €98,019 | -€15,912 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €11,524 | €3,000 | -€8,524 | -74.0% |
| Financial debts | 43 | €8,146 | €7,741 | -€404 | -5.0% |
| Credit institutions | 430/8 | €8,146 | €7,741 | -€404 | -5.0% |
| Trade debts | 44 | €11,035 | €6,778 | -€4,258 | -38.6% |
| Suppliers | 440/4 | €11,035 | €6,778 | -€4,258 | -38.6% |
| Taxes, remuneration and social security | 45 | €40,393 | €31,668 | -€8,725 | -21.6% |
| Taxes | 450/3 | €40,393 | €31,668 | -€8,725 | -21.6% |
| Other amounts payable | 47/48 | €42,833 | €48,833 | +€5,999 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876 | €876 | = | 0.0% |
| Other operating charges | 640/8 | €2,459 | €897 | -€1,562 | -63.5% |
| Gross operating margin | 9900 | €8,528 | €10,638 | +€2,110 | +24.7% |
| Operating profit (loss) | 9901 | €5,193 | €8,865 | +€3,673 | +70.7% |
| Financial charges | 65/66B | €3,226 | €2,464 | -€761 | -23.6% |
| Recurring financial charges | 65 | €3,226 | €2,464 | -€761 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €1,967 | €6,401 | +€4,434 | +225% |
| Income taxes | 67/77 | €687 | €1,314 | +€627 | +91.4% |
| Profit (loss) for the period | 9904 | €1,281 | €5,087 | +€3,807 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €1,281 | €5,087 | +€3,807 | +297% |
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 17 October 2026 via checked.be.