ZAMASTE: 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.
ZAMASTE
Largest movements
- Cash -€37,533
down €37,533 (-69.2%), from €54,240 to €16,707
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€15,218)
- Tangible fixed assets -€15,777
down €15,777 (-29.6%), from €53,384 to €37,608
of which Leasing and similar rights: -€14,916
- Receivables within one year +€5,751
up €5,751 (+47.0%), from €12,231 to €17,982
of which Trade receivables: +€5,863
- Reserves -€35,022
down €35,022 (-64.8%), from €54,060 to €19,038
- Debts after one year -€15,218
down €15,218 (-40.3%), from €37,755 to €22,537
- Tax, wage and social debts +€1,632
up €1,632 (+12.5%), from €13,043 to €14,675
of which Taxes: +€1,632
- Gross operating margin +€2,316
up €2,316 (+6.1%), from €38,033 to €40,349
- Taxes +€798
up €798 (+18.7%), from €4,258 to €5,056
- Financial charges -€523
down €523 (-19.7%), from €2,664 to €2,140
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 | €121,283 | €73,732 | -€47,552 | -39.2% |
| Fixed assets | 21/28 | €53,384 | €37,608 | -€15,777 | -29.6% |
| Tangible fixed assets | 22/27 | €53,384 | €37,608 | -€15,777 | -29.6% |
| Plant, machinery and equipment | 23 | €2,099 | €1,238 | -€861 | -41.0% |
| Leasing and similar rights | 25 | €51,286 | €36,370 | -€14,916 | -29.1% |
| Current assets | 29/58 | €67,899 | €36,124 | -€31,775 | -46.8% |
| Amounts receivable within one year | 40/41 | €12,231 | €17,982 | +€5,751 | +47.0% |
| Trade receivables | 40 | €9,685 | €15,549 | +€5,863 | +60.5% |
| Other amounts receivable | 41 | €2,546 | €2,434 | -€112 | -4.4% |
| Cash at bank and in hand | 54/58 | €54,240 | €16,707 | -€37,533 | -69.2% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,435 | +€7 | +0.5% |
| Total equity and liabilities | 10/49 | €121,283 | €73,732 | -€47,552 | -39.2% |
| Equity | 10/15 | €55,060 | €20,038 | -€35,022 | -63.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €54,060 | €19,038 | -€35,022 | -64.8% |
| Distributable reserves | 133 | €54,060 | €19,038 | -€35,022 | -64.8% |
| Amounts payable | 17/49 | €66,224 | €53,694 | -€12,530 | -18.9% |
| Amounts payable after more than one year | 17 | €37,755 | €22,537 | -€15,218 | -40.3% |
| Financial debts | 170/4 | €37,755 | €22,537 | -€15,218 | -40.3% |
| Amounts payable within one year | 42/48 | €28,469 | €31,157 | +€2,688 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €14,670 | €15,218 | +€548 | +3.7% |
| Trade debts | 44 | €756 | €1,265 | +€509 | +67.2% |
| Suppliers | 440/4 | €756 | €1,265 | +€509 | +67.2% |
| Taxes, remuneration and social security | 45 | €13,043 | €14,675 | +€1,632 | +12.5% |
| Taxes | 450/3 | €11,263 | €12,895 | +€1,632 | +14.5% |
| Remuneration and social security | 454/9 | €1,780 | €1,780 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,941 | €15,777 | -€165 | -1.0% |
| Other operating charges | 640/8 | €2,362 | €2,399 | +€37 | +1.6% |
| Gross operating margin | 9900 | €38,033 | €40,349 | +€2,316 | +6.1% |
| Operating profit (loss) | 9901 | €19,731 | €22,174 | +€2,443 | +12.4% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €2,664 | €2,140 | -€523 | -19.7% |
| Recurring financial charges | 65 | €2,664 | €2,140 | -€523 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €17,080 | €20,034 | +€2,954 | +17.3% |
| Income taxes | 67/77 | €4,258 | €5,056 | +€798 | +18.7% |
| Profit (loss) for the period | 9904 | €12,822 | €14,978 | +€2,156 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,822 | €14,978 | +€2,156 | +16.8% |
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 23 October 2026 via checked.be.