ZEYNEP: 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.
ZEYNEP
Largest movements
- Cash +€41,598
up €41,598 (+44.1%), from €94,385 to €135,983
mainly Net result for the year (+€62,544) and Tax, wage and social debts (+€19,999)
- Stocks and contracts +€2,912
up €2,912 (+59.5%), from €4,895 to €7,807
- Tangible fixed assets +€2,765
up €2,765 (+367.2%), from €753 to €3,518
- Receivables within one year +€2,279
up €2,279 (+98.6%), from €2,312 to €4,592
- Profit (loss) carried forward +€62,544
up €62,544, from -€44,847 to €17,696
- Tax, wage and social debts +€19,999
up €19,999 (+120.9%), from €16,547 to €36,546
of which Taxes: +€22,985
- Other debts -€19,702
no longer reported in 2025 (was €19,702)
- Trade debts -€8,671
down €8,671 (-76.4%), from €11,348 to €2,677
- Debts after one year -€4,783
down €4,783 (-7.0%), from €68,372 to €63,589
- Gross operating margin +€77,056
up €77,056 (+44.8%), from €171,991 to €249,047
- Taxes +€25,603
up €25,603 (+1003.6%), from €2,551 to €28,154
- Depreciation -€6,814
down €6,814 (-90.6%), from €7,517 to €703
- Financial income -€2,764
down €2,764 (-97.7%), from €2,830 to €66
- Financial charges +€2,684
up €2,684 (+171.5%), from €1,565 to €4,249
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 | €102,345 | €151,899 | +€49,554 | +48.4% |
| Fixed assets | 21/28 | €753 | €3,518 | +€2,765 | +367.2% |
| Tangible fixed assets | 22/27 | €753 | €3,518 | +€2,765 | +367.2% |
| Furniture and vehicles | 24 | €753 | €3,518 | +€2,765 | +367.2% |
| Current assets | 29/58 | €101,592 | €148,381 | +€46,789 | +46.1% |
| Stocks and contracts in progress | 3 | €4,895 | €7,807 | +€2,912 | +59.5% |
| Stocks | 30/36 | €4,895 | €7,807 | +€2,912 | +59.5% |
| Amounts receivable within one year | 40/41 | €2,312 | €4,592 | +€2,279 | +98.6% |
| Trade receivables | 40 | €2,312 | €4,592 | +€2,279 | +98.6% |
| Cash at bank and in hand | 54/58 | €94,385 | €135,983 | +€41,598 | +44.1% |
| Total equity and liabilities | 10/49 | €102,345 | €151,899 | +€49,554 | +48.4% |
| Equity | 10/15 | -€28,347 | €34,196 | +€62,544 | |
| Contributions | 10/11 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,847 | €17,696 | +€62,544 | |
| Amounts payable | 17/49 | €130,692 | €117,703 | -€12,990 | -9.9% |
| Amounts payable after more than one year | 17 | €68,372 | €63,589 | -€4,783 | -7.0% |
| Financial debts | 170/4 | €68,372 | €63,589 | -€4,783 | -7.0% |
| Amounts payable within one year | 42/48 | €62,320 | €54,114 | -€8,206 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €14,723 | €14,891 | +€167 | +1.1% |
| Trade debts | 44 | €11,348 | €2,677 | -€8,671 | -76.4% |
| Suppliers | 440/4 | €11,348 | €2,677 | -€8,671 | -76.4% |
| Taxes, remuneration and social security | 45 | €16,547 | €36,546 | +€19,999 | +120.9% |
| Taxes | 450/3 | €10,168 | €33,153 | +€22,985 | +226.0% |
| Remuneration and social security | 454/9 | €6,379 | €3,393 | -€2,986 | -46.8% |
| Other amounts payable | 47/48 | €19,702 | - | -€19,702 | |
| Remuneration, social security and pensions | 62 | €151,137 | €152,119 | +€982 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,517 | €703 | -€6,814 | -90.6% |
| Other operating charges | 640/8 | €965 | €1,344 | +€379 | +39.3% |
| Gross operating margin | 9900 | €171,991 | €249,047 | +€77,056 | +44.8% |
| Operating profit (loss) | 9901 | €12,371 | €94,881 | +€82,510 | +667.0% |
| Financial income | 75/76B | €2,830 | €66 | -€2,764 | -97.7% |
| Recurring financial income | 75 | €2,830 | €66 | -€2,764 | -97.7% |
| Financial charges | 65/66B | €1,565 | €4,249 | +€2,684 | +171.5% |
| Recurring financial charges | 65 | €1,565 | €4,249 | +€2,684 | +171.5% |
| Profit (loss) for the period before taxes | 9903 | €13,636 | €90,698 | +€77,062 | +565.1% |
| Income taxes | 67/77 | €2,551 | €28,154 | +€25,603 | +1003.6% |
| Profit (loss) for the period | 9904 | €11,085 | €62,544 | +€51,458 | +464.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,085 | €62,544 | +€51,458 | +464.2% |
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 5 October 2026 via checked.be.