ZAMAIN: 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.
ZAMAIN
Largest movements
- Receivables within one year -€47,133
down €47,133 (-50.9%), from €92,574 to €45,442
of which Trade receivables: -€36,238
- Cash +€21,412
up €21,412 (+22.1%), from €96,947 to €118,358
mainly Receivables within one year (+€47,133) and Net result for the year (+€19,158)
- Stocks and contracts +€10,266
up €10,266 (+33.6%), from €30,561 to €40,826
- Tangible fixed assets -€7,103
down €7,103 (-33.0%), from €21,553 to €14,450
of which Furniture and vehicles: -€8,026
- Intangible fixed assets -€4,966
down €4,966 (-28.6%), from €17,341 to €12,375
- Trade debts -€31,734
down €31,734 (-44.5%), from €71,309 to €39,575
- Profit (loss) carried forward +€4,858
up €4,858 (+5.1%), from €95,192 to €100,050
- Tax, wage and social debts +€4,376
up €4,376 (+27.5%), from €15,932 to €20,308
of which Taxes: +€4,395
- Short-term financial debts -€2,996
down €2,996 (-31.4%), from €9,554 to €6,557
- Debts after one year -€2,722
no longer reported in 2024 (was €2,722)
- Turnover +€51,338
up €51,338 (+8.0%), from €639,778 to €691,116
- Purchases and services +€36,745
up €36,745 (+7.2%), from €507,041 to €543,786
- Staff costs +€15,423
up €15,423 (+16.9%), from €91,357 to €106,780
- Gross operating margin +€14,593
up €14,593 (+11.0%), from €132,738 to €147,331
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.
Derived cash bridge
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 | €262,008 | €233,790 | -€28,219 | -10.8% |
| Fixed assets | 21/28 | €38,894 | €26,825 | -€12,069 | -31.0% |
| Intangible fixed assets | 21 | €17,341 | €12,375 | -€4,966 | -28.6% |
| Tangible fixed assets | 22/27 | €21,553 | €14,450 | -€7,103 | -33.0% |
| Plant, machinery and equipment | 23 | €3,626 | €2,497 | -€1,129 | -31.1% |
| Furniture and vehicles | 24 | €13,999 | €5,973 | -€8,026 | -57.3% |
| Other tangible fixed assets | 26 | €3,927 | €5,979 | +€2,052 | +52.2% |
| Current assets | 29/58 | €223,115 | €206,965 | -€16,149 | -7.2% |
| Stocks and contracts in progress | 3 | €30,561 | €40,826 | +€10,266 | +33.6% |
| Stocks | 30/36 | €30,561 | €40,826 | +€10,266 | +33.6% |
| Amounts receivable within one year | 40/41 | €92,574 | €45,442 | -€47,133 | -50.9% |
| Trade receivables | 40 | €36,530 | €291 | -€36,238 | -99.2% |
| Other amounts receivable | 41 | €56,045 | €45,151 | -€10,894 | -19.4% |
| Cash at bank and in hand | 54/58 | €96,947 | €118,358 | +€21,412 | +22.1% |
| Deferred charges and accrued income | 490/1 | €3,033 | €2,339 | -€694 | -22.9% |
| Total equity and liabilities | 10/49 | €262,008 | €233,790 | -€28,219 | -10.8% |
| Equity | 10/15 | €161,192 | €166,050 | +€4,858 | +3.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | €60,000 | = | 0.0% |
| Issued capital | 100 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Legal reserve | 130 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,192 | €100,050 | +€4,858 | +5.1% |
| Amounts payable | 17/49 | €100,816 | €67,740 | -€33,076 | -32.8% |
| Amounts payable after more than one year | 17 | €2,722 | - | -€2,722 | |
| Financial debts | 170/4 | €2,722 | - | -€2,722 | |
| Amounts payable within one year | 42/48 | €98,094 | €67,740 | -€30,354 | -30.9% |
| Financial debts | 43 | €9,554 | €6,557 | -€2,996 | -31.4% |
| Credit institutions | 430/8 | €9,554 | €6,557 | -€2,996 | -31.4% |
| Trade debts | 44 | €71,309 | €39,575 | -€31,734 | -44.5% |
| Suppliers | 440/4 | €71,309 | €39,575 | -€31,734 | -44.5% |
| Taxes, remuneration and social security | 45 | €15,932 | €20,308 | +€4,376 | +27.5% |
| Taxes | 450/3 | €11,445 | €15,840 | +€4,395 | +38.4% |
| Remuneration and social security | 454/9 | €4,486 | €4,468 | -€19 | -0.4% |
| Other amounts payable | 47/48 | €1,300 | €1,300 | = | 0.0% |
| Turnover | 70 | €639,778 | €691,116 | +€51,338 | +8.0% |
| Non-recurring operating income | 76A | €9,050 | €3,002 | -€6,047 | -66.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €507,041 | €543,786 | +€36,745 | +7.2% |
| Remuneration, social security and pensions | 62 | €91,357 | €106,780 | +€15,423 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,343 | €15,069 | -€1,274 | -7.8% |
| Other operating charges | 640/8 | €1,827 | €1,166 | -€662 | -36.2% |
| Non-recurring operating charges | 66A | €4,007 | - | -€4,007 | |
| Gross operating margin | 9900 | €132,738 | €147,331 | +€14,593 | +11.0% |
| Operating profit (loss) | 9901 | €19,204 | €24,316 | +€5,112 | +26.6% |
| Financial income | 75/76B | €121 | €3,286 | +€3,165 | +2,606% |
| Recurring financial income | 75 | €121 | €3,286 | +€3,165 | +2,606% |
| Financial charges | 65/66B | €1,464 | €2,542 | +€1,078 | +73.6% |
| Recurring financial charges | 65 | €1,464 | €2,542 | +€1,078 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €17,861 | €25,060 | +€7,199 | +40.3% |
| Income taxes | 67/77 | €3,418 | €5,903 | +€2,485 | +72.7% |
| Profit (loss) for the period | 9904 | €14,443 | €19,158 | +€4,714 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,443 | €19,158 | +€4,714 | +32.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.