ZAKUMEN: 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.
ZAKUMEN
Largest movements
- Cash -€67,091
down €67,091 (-79.7%), from €84,192 to €17,101
mainly Contributions, distributions and other (-€102,081) and Receivables within one year (-€35,063)
- Receivables within one year +€35,063
up €35,063 (+199%), from €17,634 to €52,697
of which Trade receivables: +€36,342
- Tangible fixed assets -€10,991
down €10,991 (-50.2%), from €21,902 to €10,910
- Reserves -€73,586
down €73,586 (-72.1%), from €102,081 to €28,495
- Other debts +€30,425
new in 2025: €30,425
- Tax, wage and social debts -€7,720
down €7,720 (-38.8%), from €19,894 to €12,174
- Trade debts +€7,354
up €7,354 (+410%), from €1,793 to €9,147
- Gross operating margin -€32,824
down €32,824 (-39.1%), from €84,014 to €51,190
- Taxes -€4,586
down €4,586 (-29.0%), from €15,814 to €11,228
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 | €126,268 | €82,741 | -€43,527 | -34.5% |
| Fixed assets | 21/28 | €21,902 | €10,910 | -€10,991 | -50.2% |
| Tangible fixed assets | 22/27 | €21,902 | €10,910 | -€10,991 | -50.2% |
| Furniture and vehicles | 24 | €21,902 | €10,910 | -€10,991 | -50.2% |
| Current assets | 29/58 | €104,367 | €71,831 | -€32,536 | -31.2% |
| Amounts receivable within one year | 40/41 | €17,634 | €52,697 | +€35,063 | +199% |
| Trade receivables | 40 | €16,355 | €52,697 | +€36,342 | +222% |
| Other amounts receivable | 41 | €1,279 | - | -€1,279 | |
| Cash at bank and in hand | 54/58 | €84,192 | €17,101 | -€67,091 | -79.7% |
| Deferred charges and accrued income | 490/1 | €2,541 | €2,033 | -€508 | -20.0% |
| Total equity and liabilities | 10/49 | €126,268 | €82,741 | -€43,527 | -34.5% |
| Equity | 10/15 | €104,581 | €30,995 | -€73,586 | -70.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €102,081 | €28,495 | -€73,586 | -72.1% |
| Distributable reserves | 133 | €102,081 | €28,495 | -€73,586 | -72.1% |
| Amounts payable | 17/49 | €21,687 | €51,746 | +€30,059 | +139% |
| Amounts payable within one year | 42/48 | €21,687 | €51,746 | +€30,059 | +139% |
| Trade debts | 44 | €1,793 | €9,147 | +€7,354 | +410% |
| Suppliers | 440/4 | €1,793 | €9,147 | +€7,354 | +410% |
| Taxes, remuneration and social security | 45 | €19,894 | €12,174 | -€7,720 | -38.8% |
| Taxes | 450/3 | €19,894 | €12,174 | -€7,720 | -38.8% |
| Other amounts payable | 47/48 | - | €30,425 | +€30,425 | |
| Non-recurring operating income | 76A | - | €455 | +€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,991 | €10,991 | = | 0.0% |
| Other operating charges | 640/8 | €722 | €400 | -€322 | -44.6% |
| Gross operating margin | 9900 | €84,014 | €51,190 | -€32,824 | -39.1% |
| Operating profit (loss) | 9901 | €72,301 | €39,799 | -€32,502 | -45.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,900% |
| Financial charges | 65/66B | €48 | €76 | +€28 | +58.8% |
| Recurring financial charges | 65 | €48 | €76 | +€28 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €72,253 | €39,723 | -€32,530 | -45.0% |
| Income taxes | 67/77 | €15,814 | €11,228 | -€4,586 | -29.0% |
| Profit (loss) for the period | 9904 | €56,439 | €28,495 | -€27,944 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,439 | €28,495 | -€27,944 | -49.5% |
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.