ZJENI: 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.
ZJENI
Largest movements
- Tangible fixed assets -€6,391
down €6,391 (-5.2%), from €121,769 to €115,378
of which Land and buildings: -€5,743
- Cash -€2,368
down €2,368 (-2.7%), from €86,211 to €83,843
mainly Debts after one year (-€13,478) and Investment in fixed assets (net) (-€9,140)
- Debts after one year -€13,478
down €13,478 (-13.7%), from €98,109 to €84,630
- Reserves +€12,961
up €12,961 (+32.4%), from €39,962 to €52,922
- Other debts -€6,816
down €6,816 (-55.7%), from €12,227 to €5,411
- Gross operating margin +€5,247
up €5,247 (+13.6%), from €38,619 to €43,866
- Taxes +€1,209
up €1,209 (+17.4%), from €6,950 to €8,158
- Depreciation +€709
up €709 (+5.1%), from €13,822 to €14,531
- Financial charges -€676
down €676 (-10.4%), from €6,480 to €5,804
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 | €229,080 | €221,155 | -€7,924 | -3.5% |
| Fixed assets | 21/28 | €121,769 | €116,378 | -€5,391 | -4.4% |
| Tangible fixed assets | 22/27 | €121,769 | €115,378 | -€6,391 | -5.2% |
| Land and buildings | 22 | €120,714 | €114,972 | -€5,743 | -4.8% |
| Plant, machinery and equipment | 23 | €91 | - | -€91 | |
| Furniture and vehicles | 24 | €963 | €407 | -€557 | -57.8% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €107,311 | €104,777 | -€2,534 | -2.4% |
| Amounts receivable after more than one year | 29 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 291 | €1,000 | - | -€1,000 | |
| Amounts receivable within one year | 40/41 | €17,491 | €17,465 | -€26 | -0.1% |
| Trade receivables | 40 | €17,454 | €17,451 | -€3 | 0.0% |
| Other amounts receivable | 41 | €38 | €15 | -€23 | -60.7% |
| Cash at bank and in hand | 54/58 | €86,211 | €83,843 | -€2,368 | -2.7% |
| Deferred charges and accrued income | 490/1 | €2,609 | €3,469 | +€860 | +33.0% |
| Total equity and liabilities | 10/49 | €229,080 | €221,155 | -€7,924 | -3.5% |
| Equity | 10/15 | €90,757 | €102,052 | +€11,295 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,962 | €52,922 | +€12,961 | +32.4% |
| Distributable reserves | 133 | €39,962 | €52,922 | +€12,961 | +32.4% |
| Profit (loss) carried forward | 14 | €44,596 | €42,930 | -€1,666 | -3.7% |
| Amounts payable | 17/49 | €138,323 | €119,103 | -€19,219 | -13.9% |
| Amounts payable after more than one year | 17 | €98,109 | €84,630 | -€13,478 | -13.7% |
| Financial debts | 170/4 | €98,109 | €84,630 | -€13,478 | -13.7% |
| Amounts payable within one year | 42/48 | €40,214 | €34,473 | -€5,741 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €12,948 | €13,478 | +€531 | +4.1% |
| Trade debts | 44 | €6,510 | €6,887 | +€376 | +5.8% |
| Suppliers | 440/4 | €6,510 | €6,887 | +€376 | +5.8% |
| Taxes, remuneration and social security | 45 | €8,529 | €8,697 | +€168 | +2.0% |
| Taxes | 450/3 | €8,529 | €8,697 | +€168 | +2.0% |
| Other amounts payable | 47/48 | €12,227 | €5,411 | -€6,816 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,822 | €14,531 | +€709 | +5.1% |
| Other operating charges | 640/8 | €3,053 | €2,795 | -€258 | -8.4% |
| Gross operating margin | 9900 | €38,619 | €43,866 | +€5,247 | +13.6% |
| Operating profit (loss) | 9901 | €21,744 | €26,540 | +€4,796 | +22.1% |
| Financial income | 75/76B | €414 | €383 | -€30 | -7.4% |
| Recurring financial income | 75 | €414 | €383 | -€30 | -7.4% |
| Financial charges | 65/66B | €6,480 | €5,804 | -€676 | -10.4% |
| Recurring financial charges | 65 | €6,480 | €5,804 | -€676 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €15,678 | €21,119 | +€5,441 | +34.7% |
| Income taxes | 67/77 | €6,950 | €8,158 | +€1,209 | +17.4% |
| Profit (loss) for the period | 9904 | €8,729 | €12,961 | +€4,232 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,729 | €12,961 | +€4,232 | +48.5% |
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.