ZO ZEN: 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.
ZO ZEN
Largest movements
- Cash -€9,601
down €9,601 (-34.1%), from €28,151 to €18,550
mainly Debts after one year (-€10,259) and Net result for the year (-€5,568)
- Tangible fixed assets -€6,745
down €6,745 (-8.9%), from €75,812 to €69,067
of which Plant, machinery and equipment: -€4,964
- Receivables within one year +€4,692
up €4,692 (+50.0%), from €9,378 to €14,069
of which Other amounts receivable: +€3,570
- Debts after one year -€10,259
down €10,259 (-50.0%), from €20,500 to €10,241
of which Financial debts: -€6,245
- Other debts +€5,581
up €5,581 (+558.1%), from €1,000 to €6,581
- Profit (loss) carried forward -€5,568
down €5,568 (-14.1%), from €39,547 to €33,979
- Tax, wage and social debts -€1,986
down €1,986 (-7.1%), from €27,934 to €25,948
of which Remuneration and social security: -€4,038
- Gross operating margin -€31,211
down €31,211 (-26.7%), from €117,017 to €85,807
- Staff costs -€7,021
down €7,021 (-8.3%), from €84,693 to €77,672
- Depreciation -€4,697
down €4,697 (-33.3%), from €14,117 to €9,421
- Taxes -€4,563
down €4,563, from €3,730 to -€833
- Financial charges -€1,285
down €1,285 (-31.4%), from €4,089 to €2,804
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.
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 | €119,009 | €108,487 | -€10,521 | -8.8% |
| Fixed assets | 21/28 | €75,812 | €69,067 | -€6,745 | -8.9% |
| Tangible fixed assets | 22/27 | €75,812 | €69,067 | -€6,745 | -8.9% |
| Plant, machinery and equipment | 23 | €16,747 | €11,783 | -€4,964 | -29.6% |
| Furniture and vehicles | 24 | €2,413 | €1,744 | -€669 | -27.7% |
| Leasing and similar rights | 25 | €56,651 | €55,540 | -€1,111 | -2.0% |
| Current assets | 29/58 | €43,197 | €39,420 | -€3,777 | -8.7% |
| Stocks and contracts in progress | 3 | €5,493 | €6,148 | +€655 | +11.9% |
| Stocks | 30/36 | €5,493 | €6,148 | +€655 | +11.9% |
| Amounts receivable within one year | 40/41 | €9,378 | €14,069 | +€4,692 | +50.0% |
| Trade receivables | 40 | €4,124 | €5,245 | +€1,122 | +27.2% |
| Other amounts receivable | 41 | €5,254 | €8,824 | +€3,570 | +67.9% |
| Cash at bank and in hand | 54/58 | €28,151 | €18,550 | -€9,601 | -34.1% |
| Deferred charges and accrued income | 490/1 | €176 | €653 | +€477 | +271.5% |
| Total equity and liabilities | 10/49 | €119,009 | €108,487 | -€10,521 | -8.8% |
| Equity | 10/15 | €60,007 | €54,439 | -€5,568 | -9.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,547 | €33,979 | -€5,568 | -14.1% |
| Amounts payable | 17/49 | €59,001 | €54,048 | -€4,953 | -8.4% |
| Amounts payable after more than one year | 17 | €20,500 | €10,241 | -€10,259 | -50.0% |
| Financial debts | 170/4 | €16,485 | €10,241 | -€6,245 | -37.9% |
| Other amounts payable | 178/9 | €4,014 | - | -€4,014 | |
| Amounts payable within one year | 42/48 | €38,502 | €43,808 | +€5,306 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €4,687 | €5,338 | +€651 | +13.9% |
| Trade debts | 44 | €4,881 | €5,941 | +€1,060 | +21.7% |
| Suppliers | 440/4 | €4,881 | €5,941 | +€1,060 | +21.7% |
| Taxes, remuneration and social security | 45 | €27,934 | €25,948 | -€1,986 | -7.1% |
| Taxes | 450/3 | €6,852 | €8,904 | +€2,052 | +30.0% |
| Remuneration and social security | 454/9 | €21,082 | €17,044 | -€4,038 | -19.2% |
| Other amounts payable | 47/48 | €1,000 | €6,581 | +€5,581 | +558.1% |
| Remuneration, social security and pensions | 62 | €84,693 | €77,672 | -€7,021 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,117 | €9,421 | -€4,697 | -33.3% |
| Other operating charges | 640/8 | €2,526 | €2,326 | -€200 | -7.9% |
| Gross operating margin | 9900 | €117,017 | €85,807 | -€31,211 | -26.7% |
| Operating profit (loss) | 9901 | €15,681 | -€3,612 | -€19,293 | |
| Financial income | 75/76B | €499 | €15 | -€484 | -97.0% |
| Recurring financial income | 75 | €499 | €15 | -€484 | -97.0% |
| Financial charges | 65/66B | €4,089 | €2,804 | -€1,285 | -31.4% |
| Recurring financial charges | 65 | €4,089 | €2,804 | -€1,285 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €12,091 | -€6,401 | -€18,492 | |
| Income taxes | 67/77 | €3,730 | -€833 | -€4,563 | |
| Profit (loss) for the period | 9904 | €8,361 | -€5,568 | -€13,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,361 | -€5,568 | -€13,929 |
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 12 October 2026 via checked.be.