ZAMBELLI: 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.
ZAMBELLI
Largest movements
- Receivables within one year +€67,481
up €67,481 (+1,529%), from €4,414 to €71,895
- Tangible fixed assets +€16,132
up €16,132 (+120%), from €13,476 to €29,608
of which Furniture and vehicles: +€18,406
- Receivables after one year +€10,400
up €10,400 (+18.2%), from €57,000 to €67,400
- Cash +€9,596
up €9,596 (+167%), from €5,732 to €15,328
mainly Debts after one year (+€47,180) and Net result for the year (+€17,433)
- Debts after one year +€47,180
up €47,180, from €0 to €47,180
- Reserves +€17,433
up €17,433 (+26.9%), from €64,814 to €82,247
- Tax, wage and social debts +€12,532
up €12,532 (+725%), from €1,729 to €14,261
of which Taxes: +€13,032
- Current portion of long-term debt +€11,931
up €11,931, from €0 to €11,931
- Short-term financial debts +€11,029
new in 2025: €11,029
- Gross operating margin +€24,480
up €24,480 (+335%), from €7,306 to €31,786
- Taxes +€9,658
up €9,658 (+1,277%), from €756 to €10,414
- Financial charges -€1,430
down €1,430 (-43.5%), from €3,290 to €1,860
- Financial income +€865
up €865 (+33.9%), from €2,554 to €3,419
- Other operating charges +€835
up €835 (+637%), from €131 to €967
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 | €82,693 | €188,026 | +€105,333 | +127% |
| Fixed assets | 21/28 | €14,376 | €30,508 | +€16,132 | +112% |
| Tangible fixed assets | 22/27 | €13,476 | €29,608 | +€16,132 | +120% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,040 | €2,086 | -€953 | -31.4% |
| Furniture and vehicles | 24 | €4,226 | €22,632 | +€18,406 | +436% |
| Other tangible fixed assets | 26 | €6,210 | €4,890 | -€1,320 | -21.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €68,317 | €157,518 | +€89,200 | +131% |
| Amounts receivable after more than one year | 29 | €57,000 | €67,400 | +€10,400 | +18.2% |
| Other amounts receivable | 291 | €57,000 | €67,400 | +€10,400 | +18.2% |
| Amounts receivable within one year | 40/41 | €4,414 | €71,895 | +€67,481 | +1,529% |
| Other amounts receivable | 41 | €4,414 | €71,895 | +€67,481 | +1,529% |
| Cash at bank and in hand | 54/58 | €5,732 | €15,328 | +€9,596 | +167% |
| Deferred charges and accrued income | 490/1 | €1,171 | €2,894 | +€1,723 | +147% |
| Total equity and liabilities | 10/49 | €82,693 | €188,026 | +€105,333 | +127% |
| Equity | 10/15 | €78,414 | €95,847 | +€17,433 | +22.2% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €64,814 | €82,247 | +€17,433 | +26.9% |
| Distributable reserves | 133 | €64,814 | €82,247 | +€17,433 | +26.9% |
| Amounts payable | 17/49 | €4,279 | €92,179 | +€87,900 | +2,054% |
| Amounts payable after more than one year | 17 | €0 | €47,180 | +€47,180 | |
| Financial debts | 170/4 | €0 | €47,180 | +€47,180 | |
| Amounts payable within one year | 42/48 | €4,087 | €43,967 | +€39,879 | +976% |
| Current portion of amounts payable after more than one year | 42 | €0 | €11,931 | +€11,931 | |
| Financial debts | 43 | - | €11,029 | +€11,029 | |
| Other loans | 439 | - | €11,029 | +€11,029 | |
| Trade debts | 44 | €2,358 | €6,746 | +€4,388 | +186% |
| Suppliers | 440/4 | €2,358 | €6,746 | +€4,388 | +186% |
| Taxes, remuneration and social security | 45 | €1,729 | €14,261 | +€12,532 | +725% |
| Taxes | 450/3 | €1,229 | €14,261 | +€13,032 | +1,060% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100% |
| Accrued charges and deferred income | 492/3 | €192 | €1,032 | +€840 | +437% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,195 | €4,532 | +€337 | +8.0% |
| Other operating charges | 640/8 | €131 | €967 | +€835 | +637% |
| Gross operating margin | 9900 | €7,306 | €31,786 | +€24,480 | +335% |
| Operating profit (loss) | 9901 | €2,980 | €26,288 | +€23,308 | +782% |
| Financial income | 75/76B | €2,554 | €3,419 | +€865 | +33.9% |
| Recurring financial income | 75 | €2,554 | €3,419 | +€865 | +33.9% |
| Financial charges | 65/66B | €3,290 | €1,860 | -€1,430 | -43.5% |
| Recurring financial charges | 65 | €3,290 | €1,860 | -€1,430 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €2,244 | €27,847 | +€25,603 | +1,141% |
| Income taxes | 67/77 | €756 | €10,414 | +€9,658 | +1,277% |
| Profit (loss) for the period | 9904 | €1,488 | €17,433 | +€15,945 | +1,072% |
| Profit (loss) for the period to be appropriated | 9905 | €1,488 | €17,433 | +€15,945 | +1,072% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.