ZAM CONSULTING: 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.
ZAM CONSULTING
Largest movements
- Receivables within one year +€31,268
up €31,268 (+65.4%), from €47,811 to €79,079
of which Other amounts receivable: +€30,878
- Cash -€20,822
down €20,822 (-10.2%), from €204,981 to €184,159
mainly Contributions, distributions and other (-€102,033) and Net result for the year (-€40,599)
- Other debts +€152,693
up €152,693, from €0 to €152,693
- Reserves -€102,033
down €102,033 (-41.2%), from €247,684 to €145,651
- Profit (loss) carried forward -€40,599
new in 2025: -€40,599
- Tax, wage and social debts -€4,803
down €4,803 (-44.8%), from €10,720 to €5,917
- Trade debts +€4,642
up €4,642 (+355%), from €1,309 to €5,951
- Financial charges +€99,835
up €99,835 (+634%), from €15,750 to €115,585
- Taxes -€32,351
down €32,351 (-99.6%), from €32,483 to €132
- Financial income -€24,403
down €24,403 (-96.9%), from €25,183 to €780
- Gross operating margin -€10,378
down €10,378 (-11.4%), from €91,153 to €80,776
- Staff costs +€1,458
new in 2025: €1,458
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 | €272,113 | €282,012 | +€9,899 | +3.6% |
| Fixed assets | 21/28 | €19,310 | €18,774 | -€537 | -2.8% |
| Tangible fixed assets | 22/27 | €9,820 | €9,284 | -€537 | -5.5% |
| Furniture and vehicles | 24 | €5,420 | €4,884 | -€537 | -9.9% |
| Other tangible fixed assets | 26 | €4,400 | €4,400 | = | 0.0% |
| Financial fixed assets | 28 | €9,490 | €9,490 | = | 0.0% |
| Current assets | 29/58 | €252,803 | €263,238 | +€10,435 | +4.1% |
| Amounts receivable within one year | 40/41 | €47,811 | €79,079 | +€31,268 | +65.4% |
| Trade receivables | 40 | €19,545 | €19,935 | +€390 | +2.0% |
| Other amounts receivable | 41 | €28,266 | €59,144 | +€30,878 | +109% |
| Cash at bank and in hand | 54/58 | €204,981 | €184,159 | -€20,822 | -10.2% |
| Deferred charges and accrued income | 490/1 | €11 | €0 | -€11 | -100% |
| Total equity and liabilities | 10/49 | €272,113 | €282,012 | +€9,899 | +3.6% |
| Equity | 10/15 | €260,084 | €117,451 | -€142,633 | -54.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,684 | €145,651 | -€102,033 | -41.2% |
| Distributable reserves | 133 | €247,684 | €145,651 | -€102,033 | -41.2% |
| Profit (loss) carried forward | 14 | - | -€40,599 | -€40,599 | |
| Amounts payable | 17/49 | €12,029 | €164,561 | +€152,532 | +1,268% |
| Amounts payable within one year | 42/48 | €12,029 | €164,561 | +€152,532 | +1,268% |
| Trade debts | 44 | €1,309 | €5,951 | +€4,642 | +355% |
| Suppliers | 440/4 | €1,309 | €5,951 | +€4,642 | +355% |
| Taxes, remuneration and social security | 45 | €10,720 | €5,917 | -€4,803 | -44.8% |
| Taxes | 450/3 | €10,720 | €5,917 | -€4,803 | -44.8% |
| Other amounts payable | 47/48 | €0 | €152,693 | +€152,693 | |
| Remuneration, social security and pensions | 62 | - | €1,458 | +€1,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,254 | €3,713 | -€541 | -12.7% |
| Other operating charges | 640/8 | €1,293 | €1,267 | -€27 | -2.1% |
| Gross operating margin | 9900 | €91,153 | €80,776 | -€10,378 | -11.4% |
| Operating profit (loss) | 9901 | €85,606 | €74,338 | -€11,269 | -13.2% |
| Financial income | 75/76B | €25,183 | €780 | -€24,403 | -96.9% |
| Recurring financial income | 75 | €25,183 | €780 | -€24,403 | -96.9% |
| Financial charges | 65/66B | €15,750 | €115,585 | +€99,835 | +634% |
| Recurring financial charges | 65 | €15,750 | €115,585 | +€99,835 | +634% |
| Profit (loss) for the period before taxes | 9903 | €95,039 | -€40,467 | -€135,507 | |
| Income taxes | 67/77 | €32,483 | €132 | -€32,351 | -99.6% |
| Profit (loss) for the period | 9904 | €62,556 | -€40,599 | -€103,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,556 | -€40,599 | -€103,156 |
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 26 October 2026 via checked.be.