TEAM ZAMMUTO: 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.
TEAM ZAMMUTO
Largest movements
- Tangible fixed assets +€45,711
new in 2025: €45,711
- Cash -€16,620
down €16,620 (-98.1%), from €16,935 to €316
mainly Investment in fixed assets (net) (-€47,131) and Net result for the year (-€16,139)
- Deferred charges and accrued income +€2,057
new in 2025: €2,057
- Debts after one year +€31,774
new in 2025: €31,774
- Profit (loss) carried forward -€16,139
down €16,139 (-72.8%), from -€22,162 to -€38,301
- Contributions +€10,600
up €10,600 (+133%), from €8,000 to €18,600
- Current portion of long-term debt +€7,034
new in 2025: €7,034
- Tax, wage and social debts -€3,915
no longer reported in 2025 (was €3,915)
- Gross operating margin -€27,998
down €27,998, from €16,459 to -€11,539
- Other operating charges -€5,367
down €5,367 (-84.5%), from €6,355 to €987
- Financial charges +€2,298
up €2,298 (+1,326%), from €173 to €2,471
- Financial income -€2,212
down €2,212 (-88.8%), from €2,491 to €279
- Depreciation +€1,420
new in 2025: €1,420
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 | €21,880 | €52,812 | +€30,932 | +141% |
| Fixed assets | 21/28 | - | €45,711 | +€45,711 | |
| Tangible fixed assets | 22/27 | - | €45,711 | +€45,711 | |
| Furniture and vehicles | 24 | - | €45,711 | +€45,711 | |
| Current assets | 29/58 | €21,880 | €7,101 | -€14,779 | -67.5% |
| Amounts receivable within one year | 40/41 | €4,944 | €4,728 | -€216 | -4.4% |
| Trade receivables | 40 | €689 | €666 | -€23 | -3.4% |
| Other amounts receivable | 41 | €4,256 | €4,063 | -€193 | -4.5% |
| Cash at bank and in hand | 54/58 | €16,935 | €316 | -€16,620 | -98.1% |
| Deferred charges and accrued income | 490/1 | - | €2,057 | +€2,057 | |
| Total equity and liabilities | 10/49 | €21,880 | €52,812 | +€30,932 | +141% |
| Equity | 10/15 | -€12,302 | -€17,841 | -€5,539 | -45.0% |
| Contributions | 10/11 | €8,000 | €18,600 | +€10,600 | +133% |
| Capital | 10 | €8,000 | €18,600 | +€10,600 | +133% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €10,600 | - | -€10,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,162 | -€38,301 | -€16,139 | -72.8% |
| Amounts payable | 17/49 | €34,182 | €70,653 | +€36,471 | +107% |
| Amounts payable after more than one year | 17 | - | €31,774 | +€31,774 | |
| Financial debts | 170/4 | - | €31,774 | +€31,774 | |
| Amounts payable within one year | 42/48 | €34,182 | €36,588 | +€2,406 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,034 | +€7,034 | |
| Trade debts | 44 | €234 | €976 | +€742 | +318% |
| Suppliers | 440/4 | €234 | €976 | +€742 | +318% |
| Taxes, remuneration and social security | 45 | €3,915 | - | -€3,915 | |
| Taxes | 450/3 | €3,915 | - | -€3,915 | |
| Other amounts payable | 47/48 | €30,034 | €28,577 | -€1,457 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €2,291 | +€2,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,420 | +€1,420 | |
| Other operating charges | 640/8 | €6,355 | €987 | -€5,367 | -84.5% |
| Gross operating margin | 9900 | €16,459 | -€11,539 | -€27,998 | |
| Operating profit (loss) | 9901 | €10,104 | -€13,947 | -€24,051 | |
| Financial income | 75/76B | €2,491 | €279 | -€2,212 | -88.8% |
| Recurring financial income | 75 | €2,491 | €279 | -€2,212 | -88.8% |
| Financial charges | 65/66B | €173 | €2,471 | +€2,298 | +1,326% |
| Recurring financial charges | 65 | €173 | €2,471 | +€2,298 | +1,326% |
| Profit (loss) for the period before taxes | 9903 | €12,422 | -€16,139 | -€28,560 | |
| Income taxes | 67/77 | €264 | - | -€264 | |
| Profit (loss) for the period | 9904 | €12,158 | -€16,139 | -€28,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,158 | -€16,139 | -€28,297 |
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 31 October 2026 via checked.be.