Z.E.M. SERVICES: what changed
Two fiscal 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.
Z.E.M. SERVICES
Largest movements
- Receivables within one year +€14,042
up €14,042 (+40.1%), from €34,981 to €49,023
of which Trade receivables: +€24,036
- Stocks and contracts +€10,000
new in 2024: €10,000
- Deferred charges and accrued income +€1,932
new in 2024: €1,932
- Trade debts +€20,430
up €20,430 (+132.8%), from €15,387 to €35,816
- Tax, wage and social debts +€13,641
up €13,641 (+224.9%), from €6,066 to €19,707
of which Taxes: +€16,443
- Current portion of long-term debt -€13,256
down €13,256 (-31.6%), from €42,009 to €28,753
- Profit (loss) carried forward +€7,582
up €7,582 (+185.7%), from €4,084 to €11,666
- Debts after one year -€2,488
down €2,488 (-18.4%), from €13,527 to €11,039
- Gross operating margin +€29,630
up €29,630 (+131.5%), from €22,532 to €52,162
- Write-downs +€10,000
new in 2024: €10,000
- Other operating charges +€5,661
up €5,661 (+501.3%), from €1,129 to €6,791
- Depreciation +€2,129
up €2,129 (+12.0%), from €17,787 to €19,916
- Financial charges +€1,950
up €1,950 (+98.3%), from €1,983 to €3,933
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,090 | €109,039 | +€25,948 | +31.2% |
| Fixed assets | 21/28 | €37,062 | €37,112 | +€50 | +0.1% |
| Tangible fixed assets | 22/27 | €37,062 | €37,112 | +€50 | +0.1% |
| Plant, machinery and equipment | 23 | €6,916 | €22,212 | +€15,295 | +221.1% |
| Furniture and vehicles | 24 | €30,146 | €14,900 | -€15,246 | -50.6% |
| Current assets | 29/58 | €46,028 | €71,927 | +€25,899 | +56.3% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €34,981 | €49,023 | +€14,042 | +40.1% |
| Trade receivables | 40 | €24,904 | €48,940 | +€24,036 | +96.5% |
| Other amounts receivable | 41 | €10,077 | €83 | -€9,993 | -99.2% |
| Cash at bank and in hand | 54/58 | €11,047 | €10,972 | -€76 | -0.7% |
| Deferred charges and accrued income | 490/1 | - | €1,932 | +€1,932 | |
| Total equity and liabilities | 10/49 | €83,090 | €109,039 | +€25,948 | +31.2% |
| Equity | 10/15 | €5,084 | €12,666 | +€7,582 | +149.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,084 | €11,666 | +€7,582 | +185.7% |
| Amounts payable | 17/49 | €78,007 | €96,373 | +€18,366 | +23.5% |
| Amounts payable after more than one year | 17 | €13,527 | €11,039 | -€2,488 | -18.4% |
| Financial debts | 170/4 | €13,527 | €11,039 | -€2,488 | -18.4% |
| Amounts payable within one year | 42/48 | €64,479 | €85,258 | +€20,779 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €42,009 | €28,753 | -€13,256 | -31.6% |
| Trade debts | 44 | €15,387 | €35,816 | +€20,430 | +132.8% |
| Suppliers | 440/4 | €15,387 | €35,816 | +€20,430 | +132.8% |
| Taxes, remuneration and social security | 45 | €6,066 | €19,707 | +€13,641 | +224.9% |
| Taxes | 450/3 | €2,892 | €19,334 | +€16,443 | +568.6% |
| Remuneration and social security | 454/9 | €3,174 | €372 | -€2,802 | -88.3% |
| Other amounts payable | 47/48 | €1,018 | €982 | -€36 | -3.5% |
| Accrued charges and deferred income | 492/3 | - | €76 | +€76 | |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,787 | €19,916 | +€2,129 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €1,129 | €6,791 | +€5,661 | +501.3% |
| Gross operating margin | 9900 | €22,532 | €52,162 | +€29,630 | +131.5% |
| Operating profit (loss) | 9901 | €3,615 | €15,455 | +€11,840 | +327.5% |
| Financial income | 75/76B | €125 | €0 | -€125 | -99.8% |
| Recurring financial income | 75 | €125 | €0 | -€125 | -99.8% |
| Financial charges | 65/66B | €1,983 | €3,933 | +€1,950 | +98.3% |
| Recurring financial charges | 65 | €1,983 | €3,933 | +€1,950 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €1,757 | €11,522 | +€9,766 | +555.8% |
| Income taxes | 67/77 | €2,892 | €3,940 | +€1,049 | +36.3% |
| Profit (loss) for the period | 9904 | -€1,135 | €7,582 | +€8,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,135 | €7,582 | +€8,717 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.