ZAMANI: 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.
ZAMANI
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+8,787%), from €24,985 to €2.2m
of which Other amounts receivable: +€2.1m
- Financial fixed assets -€1.1m
down €1.1m (-96.7%), from €1.1m to €35,962
- Tangible fixed assets -€137,150
down €137,150 (-6.5%), from €2.1m to €2.0m
of which Land and buildings: -€70,055
- Receivables after one year -€100,132
no longer reported in 2025 (was €100,132)
- Cash +€90,034
up €90,034 (+33.4%), from €269,880 to €359,914
mainly Net result for the year (+€1.1m) and Investment in fixed assets (net) (+€1.1m)
- Reserves +€973,865
up €973,865 (+54.9%), from €1.8m to €2.7m
- Tax, wage and social debts +€81,415
up €81,415 (+154%), from €52,702 to €134,117
of which Taxes: +€83,566
- Financial income +€874,392
up €874,392 (+497%), from €175,765 to €1.1m
- Taxes +€88,586
up €88,586 (+138%), from €64,040 to €152,626
- Gross operating margin +€29,513
up €29,513 (+8.8%), from €335,908 to €365,421
- Other operating charges +€6,030
up €6,030 (+201%), from €3,002 to €9,032
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 | €3,620,860 | €4,607,671 | +€986,811 | +27.3% |
| Fixed assets | 21/28 | €3,223,490 | €2,024,821 | -€1.2m | -37.2% |
| Tangible fixed assets | 22/27 | €2,126,010 | €1,988,860 | -€137,150 | -6.5% |
| Land and buildings | 22 | €1,710,137 | €1,640,083 | -€70,055 | -4.1% |
| Plant, machinery and equipment | 23 | €43,254 | €43,860 | +€606 | +1.4% |
| Furniture and vehicles | 24 | €79,081 | €62,483 | -€16,598 | -21.0% |
| Other tangible fixed assets | 26 | €293,538 | €242,434 | -€51,104 | -17.4% |
| Financial fixed assets | 28 | €1,097,479 | €35,962 | -€1.1m | -96.7% |
| Current assets | 29/58 | €397,370 | €2,582,849 | +€2.2m | +550% |
| Amounts receivable after more than one year | 29 | €100,132 | - | -€100,132 | |
| Other amounts receivable | 291 | €100,132 | - | -€100,132 | |
| Amounts receivable within one year | 40/41 | €24,985 | €2,220,499 | +€2.2m | +8,787% |
| Trade receivables | 40 | €24,985 | €100,499 | +€75,513 | +302% |
| Other amounts receivable | 41 | - | €2,120,000 | +€2.1m | |
| Cash at bank and in hand | 54/58 | €269,880 | €359,914 | +€90,034 | +33.4% |
| Deferred charges and accrued income | 490/1 | €2,373 | €2,436 | +€64 | +2.7% |
| Total equity and liabilities | 10/49 | €3,620,860 | €4,607,671 | +€986,811 | +27.3% |
| Equity | 10/15 | €1,785,489 | €2,759,354 | +€973,865 | +54.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,773,089 | €2,746,954 | +€973,865 | +54.9% |
| Distributable reserves | 133 | €1,773,089 | €2,746,954 | +€973,865 | +54.9% |
| Amounts payable | 17/49 | €1,835,371 | €1,848,317 | +€12,946 | +0.7% |
| Amounts payable after more than one year | 17 | €1,615,993 | €1,579,063 | -€36,930 | -2.3% |
| Financial debts | 170/4 | €1,489,542 | €1,364,165 | -€125,377 | -8.4% |
| Other amounts payable | 178/9 | €126,450 | €214,898 | +€88,448 | +69.9% |
| Amounts payable within one year | 42/48 | €219,379 | €269,118 | +€49,740 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €146,436 | €129,385 | -€17,050 | -11.6% |
| Trade debts | 44 | €20,241 | €3,410 | -€16,831 | -83.2% |
| Suppliers | 440/4 | €20,241 | €3,410 | -€16,831 | -83.2% |
| Taxes, remuneration and social security | 45 | €52,702 | €134,117 | +€81,415 | +154% |
| Taxes | 450/3 | €50,551 | €134,117 | +€83,566 | +165% |
| Remuneration and social security | 454/9 | €2,151 | - | -€2,151 | |
| Other amounts payable | 47/48 | - | €2,205 | +€2,205 | |
| Accrued charges and deferred income | 492/3 | - | €135 | +€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,475 | €143,845 | +€2,370 | +1.7% |
| Other operating charges | 640/8 | €3,002 | €9,032 | +€6,030 | +201% |
| Gross operating margin | 9900 | €335,908 | €365,421 | +€29,513 | +8.8% |
| Operating profit (loss) | 9901 | €191,431 | €212,544 | +€21,113 | +11.0% |
| Financial income | 75/76B | €175,765 | €1,050,158 | +€874,392 | +497% |
| Recurring financial income | 75 | €175,765 | €1,050,158 | +€874,392 | +497% |
| Financial charges | 65/66B | €30,674 | €28,129 | -€2,546 | -8.3% |
| Recurring financial charges | 65 | €30,674 | €28,129 | -€2,546 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €336,522 | €1,234,573 | +€898,051 | +267% |
| Income taxes | 67/77 | €64,040 | €152,626 | +€88,586 | +138% |
| Profit (loss) for the period | 9904 | €272,482 | €1,081,947 | +€809,465 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €272,482 | €1,081,947 | +€809,465 | +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 18 October 2026 via checked.be.