C.ZIMMERMANN: 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.
C.ZIMMERMANN
Largest movements
- Receivables within one year +€453,876
up €453,876 (+67.5%), from €672,420 to €1.1m
of which Other amounts receivable: +€483,876
- Other debts +€463,788
up €463,788 (+27.2%), from €1.7m to €2.2m
- Financial charges -€41,321
down €41,321 (-92.1%), from €44,844 to €3,523
- Gross operating margin -€29,426
down €29,426, from €23,647 to -€5,780
- Other operating charges -€968
no longer reported in 2025 (was €968)
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 | €1,710,670 | €2,163,316 | +€452,646 | +26.5% |
| Fixed assets | 21/28 | €1,036,951 | €1,036,951 | = | 0.0% |
| Financial fixed assets | 28 | €1,036,951 | €1,036,951 | = | 0.0% |
| Current assets | 29/58 | €673,718 | €1,126,364 | +€452,646 | +67.2% |
| Amounts receivable within one year | 40/41 | €672,420 | €1,126,295 | +€453,876 | +67.5% |
| Trade receivables | 40 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 41 | €642,420 | €1,126,295 | +€483,876 | +75.3% |
| Cash at bank and in hand | 54/58 | €749 | €69 | -€681 | -90.8% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €1,710,670 | €2,163,316 | +€452,646 | +26.5% |
| Equity | 10/15 | -€35,439 | -€44,741 | -€9,302 | -26.2% |
| Contributions | 10/11 | €1,757,312 | €1,757,312 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,792,752 | -€1,802,054 | -€9,302 | -0.5% |
| Amounts payable | 17/49 | €1,746,109 | €2,208,057 | +€461,948 | +26.5% |
| Amounts payable within one year | 42/48 | €1,746,109 | €2,208,057 | +€461,948 | +26.5% |
| Trade debts | 44 | €38,782 | €36,942 | -€1,840 | -4.7% |
| Suppliers | 440/4 | €38,782 | €36,942 | -€1,840 | -4.7% |
| Other amounts payable | 47/48 | €1,707,327 | €2,171,115 | +€463,788 | +27.2% |
| Other operating charges | 640/8 | €968 | - | -€968 | |
| Gross operating margin | 9900 | €23,647 | -€5,780 | -€29,426 | |
| Operating profit (loss) | 9901 | €22,679 | -€5,780 | -€28,459 | |
| Financial charges | 65/66B | €44,844 | €3,523 | -€41,321 | -92.1% |
| Recurring financial charges | 65 | €44,844 | €3,523 | -€41,321 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,165 | -€9,302 | +€12,862 | +58.0% |
| Income taxes | 67/77 | €143 | - | -€143 | |
| Profit (loss) for the period | 9904 | -€22,308 | -€9,302 | +€13,005 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,308 | -€9,302 | +€13,005 | +58.3% |
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 27 October 2026 via checked.be.