ZENZO: 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.
ZENZO
Largest movements
- Tangible fixed assets +€124,724
up €124,724 (+467.2%), from €26,696 to €151,420
of which Other tangible fixed assets: +€94,768
- Cash +€4,429
up €4,429 (+127.9%), from €3,463 to €7,892
mainly Debts after one year (+€147,649) and Depreciation (+€18,535)
- Debts after one year +€147,649
up €147,649 (+1289.0%), from €11,454 to €159,103
- Profit (loss) carried forward -€19,597
down €19,597 (-151.4%), from -€12,944 to -€32,541
- Current portion of long-term debt +€14,717
new in 2025: €14,717
- Other debts -€13,150
down €13,150 (-59.3%), from €22,156 to €9,007
- Accrued charges and deferred income -€3,460
down €3,460 (-100.0%), from €3,460 to €0
- Gross operating margin +€43,891
up €43,891, from -€2,001 to €41,889
- Staff costs +€25,502
up €25,502 (+325.6%), from €7,833 to €33,335
- Depreciation +€14,102
up €14,102 (+318.1%), from €4,433 to €18,535
- Financial charges +€5,805
up €5,805 (+227.7%), from €2,550 to €8,355
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 | €43,445 | €171,038 | +€127,592 | +293.7% |
| Fixed assets | 21/28 | €26,696 | €151,420 | +€124,724 | +467.2% |
| Tangible fixed assets | 22/27 | €26,696 | €151,420 | +€124,724 | +467.2% |
| Land and buildings | 22 | €2,961 | €2,095 | -€866 | -29.2% |
| Plant, machinery and equipment | 23 | €6,353 | €3,500 | -€2,854 | -44.9% |
| Furniture and vehicles | 24 | €880 | €4,265 | +€3,385 | +384.5% |
| Leasing and similar rights | 25 | - | €30,291 | +€30,291 | |
| Other tangible fixed assets | 26 | €16,502 | €111,270 | +€94,768 | +574.3% |
| Current assets | 29/58 | €16,749 | €19,618 | +€2,868 | +17.1% |
| Stocks and contracts in progress | 3 | €11,590 | €10,222 | -€1,368 | -11.8% |
| Stocks | 30/36 | €11,590 | €10,222 | -€1,368 | -11.8% |
| Amounts receivable within one year | 40/41 | €1,697 | €131 | -€1,566 | -92.3% |
| Trade receivables | 40 | €1,430 | €130 | -€1,300 | -90.9% |
| Other amounts receivable | 41 | €267 | €1 | -€266 | -99.6% |
| Cash at bank and in hand | 54/58 | €3,463 | €7,892 | +€4,429 | +127.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,373 | +€1,373 | |
| Total equity and liabilities | 10/49 | €43,445 | €171,038 | +€127,592 | +293.7% |
| Equity | 10/15 | -€11,944 | -€31,541 | -€19,597 | -164.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,944 | -€32,541 | -€19,597 | -151.4% |
| Amounts payable | 17/49 | €55,389 | €202,579 | +€147,189 | +265.7% |
| Amounts payable after more than one year | 17 | €11,454 | €159,103 | +€147,649 | +1289.0% |
| Financial debts | 170/4 | €11,454 | €159,103 | +€147,649 | +1289.0% |
| Amounts payable within one year | 42/48 | €40,475 | €43,476 | +€3,000 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €14,717 | +€14,717 | |
| Trade debts | 44 | €5,039 | €4,973 | -€66 | -1.3% |
| Suppliers | 440/4 | €5,039 | €4,973 | -€66 | -1.3% |
| Taxes, remuneration and social security | 45 | €13,280 | €14,779 | +€1,499 | +11.3% |
| Taxes | 450/3 | €7,689 | €8,858 | +€1,169 | +15.2% |
| Remuneration and social security | 454/9 | €5,591 | €5,920 | +€329 | +5.9% |
| Other amounts payable | 47/48 | €22,156 | €9,007 | -€13,150 | -59.3% |
| Accrued charges and deferred income | 492/3 | €3,460 | €0 | -€3,460 | -100.0% |
| Non-recurring operating income | 76A | - | €245 | +€245 | |
| Remuneration, social security and pensions | 62 | €7,833 | €33,335 | +€25,502 | +325.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,433 | €18,535 | +€14,102 | +318.1% |
| Other operating charges | 640/8 | €996 | €1,142 | +€146 | +14.6% |
| Gross operating margin | 9900 | -€2,001 | €41,889 | +€43,891 | |
| Operating profit (loss) | 9901 | -€15,264 | -€11,122 | +€4,141 | +27.1% |
| Financial income | 75/76B | €74 | €10 | -€64 | -86.3% |
| Recurring financial income | 75 | €74 | €10 | -€64 | -86.3% |
| Financial charges | 65/66B | €2,550 | €8,355 | +€5,805 | +227.7% |
| Recurring financial charges | 65 | €2,550 | €8,355 | +€5,805 | +227.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,740 | -€19,467 | -€1,727 | -9.7% |
| Income taxes | 67/77 | €126 | €130 | +€4 | +3.2% |
| Profit (loss) for the period | 9904 | -€17,865 | -€19,597 | -€1,732 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,865 | -€19,597 | -€1,732 | -9.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.