D.Z.M.: 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.
D.Z.M.
Largest movements
- Tangible fixed assets -€17,873
down €17,873 (-10.1%), from €177,033 to €159,160
of which Land and buildings: -€17,433
- Debts after one year -€13,936
down €13,936 (-9.1%), from €153,248 to €139,312
- Profit (loss) carried forward -€6,347
down €6,347 (-6.2%), from -€102,959 to -€109,306
- Financial charges -€1,415
down €1,415 (-23.9%), from €5,913 to €4,498
- Gross operating margin +€647
up €647 (+3.9%), from €16,640 to €17,286
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 | €180,738 | €161,516 | -€19,222 | -10.6% |
| Fixed assets | 21/28 | €177,033 | €159,160 | -€17,873 | -10.1% |
| Tangible fixed assets | 22/27 | €177,033 | €159,160 | -€17,873 | -10.1% |
| Land and buildings | 22 | €175,971 | €158,538 | -€17,433 | -9.9% |
| Furniture and vehicles | 24 | €1,062 | €622 | -€440 | -41.4% |
| Current assets | 29/58 | €3,705 | €2,356 | -€1,350 | -36.4% |
| Amounts receivable within one year | 40/41 | €1,100 | €575 | -€525 | -47.7% |
| Trade receivables | 40 | €1,100 | €575 | -€525 | -47.7% |
| Cash at bank and in hand | 54/58 | €2,605 | €1,781 | -€825 | -31.7% |
| Total equity and liabilities | 10/49 | €180,738 | €161,516 | -€19,222 | -10.6% |
| Equity | 10/15 | €6,540 | €193 | -€6,347 | -97.0% |
| Contributions | 10/11 | €108,676 | €108,676 | = | 0.0% |
| Reserves | 13 | €823 | €823 | = | 0.0% |
| Distributable reserves | 133 | €823 | €823 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,959 | -€109,306 | -€6,347 | -6.2% |
| Amounts payable | 17/49 | €174,198 | €161,323 | -€12,876 | -7.4% |
| Amounts payable after more than one year | 17 | €153,248 | €139,312 | -€13,936 | -9.1% |
| Financial debts | 170/4 | €153,248 | €139,312 | -€13,936 | -9.1% |
| Amounts payable within one year | 42/48 | €20,950 | €21,086 | +€135 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €13,595 | €13,936 | +€341 | +2.5% |
| Financial debts | 43 | - | €62 | +€62 | |
| Credit institutions | 430/8 | - | €62 | +€62 | |
| Trade debts | 44 | €920 | €13 | -€907 | -98.6% |
| Suppliers | 440/4 | €920 | €13 | -€907 | -98.6% |
| Other amounts payable | 47/48 | €6,436 | €7,075 | +€639 | +9.9% |
| Accrued charges and deferred income | 492/3 | - | €925 | +€925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,873 | €17,873 | = | 0.0% |
| Other operating charges | 640/8 | €1,225 | €1,262 | +€37 | +3.0% |
| Gross operating margin | 9900 | €16,640 | €17,286 | +€647 | +3.9% |
| Operating profit (loss) | 9901 | -€2,459 | -€1,849 | +€609 | +24.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,913 | €4,498 | -€1,415 | -23.9% |
| Recurring financial charges | 65 | €5,913 | €4,498 | -€1,415 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,372 | -€6,347 | +€2,025 | +24.2% |
| Profit (loss) for the period | 9904 | -€8,372 | -€6,347 | +€2,025 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,372 | -€6,347 | +€2,025 | +24.2% |
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 21 October 2026 via checked.be.