CAZIMI: 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.
CAZIMI
Largest movements
- Cash -€32,005
down €32,005 (-21.2%), from €150,668 to €118,663
mainly Trade debts (-€19,727) and Tax, wage and social debts (-€11,397)
- Receivables within one year -€6,643
down €6,643 (-16.3%), from €40,754 to €34,111
of which Trade receivables: -€12,833
- Tangible fixed assets -€4,451
down €4,451 (-45.3%), from €9,820 to €5,370
of which Furniture and vehicles: -€3,799
- Trade debts -€19,727
down €19,727 (-79.0%), from €24,965 to €5,239
- Tax, wage and social debts -€11,397
down €11,397 (-75.6%), from €15,075 to €3,678
of which Remuneration and social security: -€6,549
- Reserves -€10,788
down €10,788 (-3.9%), from €273,434 to €262,646
of which Tax-exempt reserves: -€17,440
- Gross operating margin -€87,328
down €87,328 (-98.1%), from €89,020 to €1,691
- Staff costs -€18,931
down €18,931 (-90.2%), from €20,990 to €2,059
- Taxes -€13,649
down €13,649 (-75.9%), from €17,971 to €4,323
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 | €363,296 | €320,184 | -€43,112 | -11.9% |
| Fixed assets | 21/28 | €9,820 | €5,370 | -€4,451 | -45.3% |
| Tangible fixed assets | 22/27 | €9,820 | €5,370 | -€4,451 | -45.3% |
| Plant, machinery and equipment | 23 | €1,699 | €1,047 | -€652 | -38.3% |
| Furniture and vehicles | 24 | €8,121 | €4,322 | -€3,799 | -46.8% |
| Current assets | 29/58 | €353,476 | €314,814 | -€38,662 | -10.9% |
| Amounts receivable within one year | 40/41 | €40,754 | €34,111 | -€6,643 | -16.3% |
| Trade receivables | 40 | €40,754 | €27,921 | -€12,833 | -31.5% |
| Other amounts receivable | 41 | - | €6,191 | +€6,191 | |
| Current investments | 50/53 | €160,347 | €160,293 | -€54 | 0.0% |
| Cash at bank and in hand | 54/58 | €150,668 | €118,663 | -€32,005 | -21.2% |
| Deferred charges and accrued income | 490/1 | €1,707 | €1,747 | +€40 | +2.3% |
| Total equity and liabilities | 10/49 | €363,296 | €320,184 | -€43,112 | -11.9% |
| Equity | 10/15 | €293,894 | €283,106 | -€10,788 | -3.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €273,434 | €262,646 | -€10,788 | -3.9% |
| Tax-exempt reserves | 132 | €17,440 | - | -€17,440 | |
| Distributable reserves | 133 | €255,994 | €262,646 | +€6,652 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €69,403 | €37,078 | -€32,325 | -46.6% |
| Amounts payable within one year | 42/48 | €69,403 | €37,078 | -€32,325 | -46.6% |
| Trade debts | 44 | €24,965 | €5,239 | -€19,727 | -79.0% |
| Suppliers | 440/4 | €24,965 | €5,239 | -€19,727 | -79.0% |
| Taxes, remuneration and social security | 45 | €15,075 | €3,678 | -€11,397 | -75.6% |
| Taxes | 450/3 | €8,412 | €3,564 | -€4,848 | -57.6% |
| Remuneration and social security | 454/9 | €6,663 | €114 | -€6,549 | -98.3% |
| Other amounts payable | 47/48 | €29,363 | €28,161 | -€1,202 | -4.1% |
| Remuneration, social security and pensions | 62 | €20,990 | €2,059 | -€18,931 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,017 | €4,451 | -€566 | -11.3% |
| Other operating charges | 640/8 | €355 | €423 | +€68 | +19.1% |
| Gross operating margin | 9900 | €89,020 | €1,691 | -€87,328 | -98.1% |
| Operating profit (loss) | 9901 | €62,658 | -€5,241 | -€67,899 | |
| Financial income | 75/76B | €205 | €17 | -€188 | -91.6% |
| Recurring financial income | 75 | €205 | €17 | -€188 | -91.6% |
| Financial charges | 65/66B | €1,388 | €1,241 | -€146 | -10.5% |
| Recurring financial charges | 65 | €1,388 | €1,241 | -€146 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €61,476 | -€6,465 | -€67,941 | |
| Income taxes | 67/77 | €17,971 | €4,323 | -€13,649 | -75.9% |
| Profit (loss) for the period | 9904 | €43,505 | -€10,788 | -€54,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,505 | -€10,788 | -€54,292 |
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 11 October 2026 via checked.be.